Thursday, June 19, 2008

Equity Market Comment - 6/19/2008


We were a bit early on our call that a short term low had been put into place, as there was the outside shot of one last push to new lows for the move, which was satisfied today. Being early on a risky long call in a bear market is just simply proof once again that it is no feat for the faint of heart to put a bullish position into place in the midst of a bear market.



This is where we stand yet again, as the chart clearly dictates that there are strong signs that this leg lower on a very small time frame has completed and we should see some type of counter trend rally, perhaps into the 1385 to 1398 area on the S&P 500 cash index.



However, as was the case with the last potential bottom, these counter trend trades on the long side are really only for the more experienced trader and should be left on the table by the novice and even the intermediate skilled trader. The novice short term trader should be looking to sell strength which means that if in fact we do see this counter trend rally, the novice trader will look to sell it short playing the trend and leaving the counter moves to the experienced.



On the intermediate term front, we remain in a bear market and each progressive counter trend rally should get smaller and shorter in duration as we work our way lower to the final destination of a bear market low. In the meantime, intermediate and long term traders should stick to our very conservative equity allocation of no more than 35% into stocks and the remaining in cash and bonds.

4 comments:

oakleyses said...

jordan pas cher, chanel handbags, nike outlet, michael kors pas cher, kate spade outlet, replica watches, longchamp pas cher, nike free, jordan shoes, christian louboutin shoes, nike free run, louis vuitton outlet, oakley sunglasses, ray ban sunglasses, polo ralph lauren, ugg boots, christian louboutin uk, air max, louis vuitton outlet, ugg boots, tiffany jewelry, polo ralph lauren outlet online, burberry pas cher, prada outlet, nike air max, gucci handbags, sac longchamp pas cher, ray ban sunglasses, louboutin pas cher, louis vuitton, uggs on sale, tiffany and co, oakley sunglasses, louis vuitton outlet, ray ban sunglasses, longchamp outlet, louis vuitton, longchamp outlet, replica watches, nike roshe, polo outlet, oakley sunglasses, cheap oakley sunglasses, oakley sunglasses wholesale, christian louboutin, christian louboutin outlet, tory burch outlet

oakleyses said...

lululemon canada, nike air max, burberry outlet, oakley pas cher, burberry handbags, coach outlet store online, kate spade, michael kors outlet, michael kors, nike air force, true religion jeans, true religion outlet, michael kors, polo lacoste, nike tn, new balance, abercrombie and fitch uk, michael kors outlet, uggs outlet, michael kors outlet, ralph lauren uk, michael kors outlet online, replica handbags, coach outlet, true religion outlet, coach purses, nike free uk, sac vanessa bruno, mulberry uk, michael kors outlet online, michael kors outlet online, michael kors outlet online, north face, uggs outlet, converse pas cher, hogan outlet, nike air max uk, hollister pas cher, sac hermes, nike roshe run uk, hollister uk, nike air max uk, true religion outlet, timberland pas cher, vans pas cher, ray ban pas cher, guess pas cher, ray ban uk

oakleyses said...

ipad cases, beats by dre, iphone 6 cases, ferragamo shoes, wedding dresses, hollister clothing, p90x workout, instyler, asics running shoes, nike huaraches, hermes belt, north face outlet, s6 case, babyliss, nfl jerseys, hollister, iphone 6 plus cases, insanity workout, ralph lauren, iphone cases, iphone 6s plus cases, bottega veneta, new balance shoes, longchamp uk, iphone 6s cases, giuseppe zanotti outlet, nike roshe run, mont blanc pens, herve leger, oakley, lululemon, timberland boots, nike air max, iphone 5s cases, ghd hair, valentino shoes, louboutin, nike trainers uk, celine handbags, north face outlet, baseball bats, vans outlet, abercrombie and fitch, chi flat iron, soccer jerseys, mac cosmetics, mcm handbags, soccer shoes, jimmy choo outlet, reebok outlet

oakleyses said...

supra shoes, marc jacobs, canada goose, converse outlet, toms shoes, ugg uk, ugg pas cher, canada goose outlet, canada goose, nike air max, louis vuitton, karen millen uk, doudoune moncler, converse, louis vuitton, vans, gucci, montre pas cher, moncler outlet, canada goose uk, canada goose outlet, moncler, pandora jewelry, barbour uk, moncler outlet, juicy couture outlet, louis vuitton, canada goose, pandora uk, coach outlet, swarovski crystal, ugg,uggs,uggs canada, juicy couture outlet, links of london, louis vuitton, louis vuitton, hollister, swarovski, canada goose outlet, ray ban, moncler, ugg, barbour, ugg,ugg australia,ugg italia, replica watches, pandora charms, moncler uk, pandora jewelry, wedding dresses, canada goose jackets, hollister, lancel

Trend Analysis LLC Headline Animator