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Buy C-R-A-P

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Posted by Jeffrey Saut via Seeking Alpha

on Tuesday, 10 January 2017 07:01

160109 3We live in a modern world of acronyms and buzzwords, and the financial industry is certainly no exception. In fact, it may be one of the worst culprits, what with FANG, ZIRP, TINA, BREXIT, QUITALY, BRIC, etc. all entering the lexicon over the last few years. Yet, creating some catchy collection of consonants remains one of the most surefire ways to attract attention in this business since it, admittedly, makes for a great headline and gives strategists like us something fun to write about ("fun" being a relative measure).

Well, now the new eye-catching acronym to watch, according to Tom Lee of Fundstrat is C-R-A-P - Computers, Resources, American Banks, and Phone Carriers - which are all levered to the investment recovery, inflation, and deregulation expected over the next year. Before I comment further on those recommendations, though, I want to point out that I like to follow Tom Lee's thoughts because, like us, he lets the data do most of his thinking, and, like us, he was one of the few pundits last year who actually saw potential for the U.S. stock market.

....continue reading HERE

 

related: Tyler Bollhorn: Strength in Weekness



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Stocks & Equities

ETF Trends: Hedge – 1/9/17

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Posted by Bespoke

on Monday, 09 January 2017 10:53

Gold miners have surged over the last few days with the shiny metal’s recovery in recent sessions. Biotechs have also made a bit of a comeback while metals and mining, east Asian equity indices, and oil services have also done well. Over the past week natural gas has gotten positively demolished, down over 16%. Turkey is down almost 6% as USDTRY continues to skyrocket higher amidst further purges of academics and the media by Erdogan. Oil has also undperformed, dropping on the order of 2%. Most equity indices haven’t dropped that much with the worst US-focused equity ETF we track (DES) dropping only 1.1%.

010917-ETF-Trends

See Bespoke’s full daily ETF Trends report by starting a no-obligation free trial to our premium research.  Click here to sign up



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Stocks & Equities

Stock Trading Alert: S&P 500 Gets Close To Record High As Investors' Sentiment Improves

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Posted by Paul Rejczak - Sunshine Profits

on Thursday, 05 January 2017 08:27

Stock Trading Alert originally sent to subscribers on January 5, 2017, 6:56 AM.

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).

Our intraday outlook remains bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral

The main U.S. stock market indexes gained between 0.3% and 0.6% on Wednesday, extending their short-term uptrend, as investors' sentiment remained bullish following Tuesday's rally. The S&P 500 index continues to trade relatively close to its December 13 all-time high of 2,277.53. For now, it looks like a flat correction within an uptrend off last year's early November low. But will the market extend its year-long uptrend even further before some more meaningful downward correction? The nearest important level of resistance remains at around 2,280, marked by record high, and the next resistance level is at 2,300 mark. On the other hand, support level is at 2,250, marked by recent resistance level. The next support level remains at 2,200-2,220. The index continues to trade along its medium-term upward trend line. It also trades within a few-week-long consolidation, as the daily chart shows:

1

Expectations before the opening of today's trading session are virtually flat, following yesterday's move up. The index futures are



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An Institutional Buy/Sell Overview ...

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Posted by Marty Chenard & CNNMoney

on Tuesday, 03 January 2017 06:58

Institutional Selling trend lines showed that it has been trending lower. (Note that less selling is a positive and more selling is a negative.) The top part of the chart showed a small up tick in Upper-Q4 negative territory.

Sounds like good news except that Institutional Buying and Selling activity just showed the first day of Institutional Distribution on Friday's close.

What now?

This needs be a test day because Institutional Selling had an up tick but it did not make a higher/high tick yet, so Institutional Selling is still technically in a down trend.

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...for more on the CNN Fear & Greed Index go HERE



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Stocks & Equities

2016: A Year for Contrarians; 2017 Shaping Up That Way as Well

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Posted by Gary Tanashian - NFTRH

on Thursday, 29 December 2016 08:12

2016 was the year I finally decided to codify my niche as a psychology-focused market contrarian, putting the Alice, Red Queen and Rabbit components of NFTRH’s logo right there on my inner forearm, forever.

This is because I love the imagery and themes of NFTRH’s guiding metaphorical story, Alice in Wonderland, and because the weird technical tools I use are generally in service to one thing; being right when the herds are going the wrong way.  The concept originally came to me as the markets were beginning their descent into the crash of 2008 as the newly launched market management service needed a view that was apart from the emotional herds then preparing to go down the drain.  Alice’s quote (Lewis Carroll), a portion of which occupies my other inner forearm was perfect in this regard…

“If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what is, it wouldn’t be. And what it wouldn’t be, it would. You see?”

2016 was a year that fit NFTRH’s niche to a tee and it is no coincidence that it has been a good one, performance wise (though in full disclosure, the last couple of weeks have taken a chunk of profits back as I give the markets some leeway through the ‘Santa’ seasonal).  Let’s take a stroll through 2016 before taking a brief look ahead to 2017.

The year started with the topping pattern (that wasn’t, or isn’t yet) in the S&P 500.  For all the world it looked like a top, walked like a top and quacked like a top.  But it wasn’t a top!  That was proven when SPX rebounded from its lower low to the 2014 and 2015 lows and then rose to cross the 20 and 50 week exponential moving averages back up again.  This was similar to the 2011 whipsaw, but on a grander scale.  Now of course, the would-be topping pattern may be a left shoulder to a bearish Head & Shoulders pattern in construction.  But even if so, the ultimate high could be well higher (ref. the 1998-2000 situation).  As of now, the market is bullish.  Period.

 

spx1

But considering that Casino Patrons are momo’ing the market and dumb money is strongly over bullish, and the market is over valued (one important valuation metric being the greater interest being paid on ‘risk free’ Treasury bonds vs. the S&P 500) as the media TRUMPets a new promotion; namely bond-eroding inflation as far as the eye can see due to coming fiscal policy changes.  The Treasury bond bull market is DEAD trumpet the mainstream financial media.  Well, for another view, let’s compare what the public was doing last summer during the NIRP! hysteria vs. today.



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