Monday, June 2, 2008

Equity Market Comment - 6/2/2008

The next leg lower appears to have begun with the decline today.

While there was a late day attempt to curb the damage, it was met with selling and although the DOW does not show the weakness late in the day, the S&P 500 does.

From this point I would look for the S&P to push lower early Tuesday with a potential reversal about mid day that should help the average to close mildy negative to mildly positive. We will need to see the lows of today taken out early in the day in order for this scenario to have high odds of occurring. This final push lower should be met by some buying that will send the market higher, but be not a fool about the intermediate term direction of this market. It is clearly down and if you did not have the opportunity to get aboard for the decline today, then the potential counter trend rally may be yet another opportunity to get short.

I remain very defensive in here as I continue to sell rallies and with my hedges in place on my long term portfolio I currently am holding only a 20% allocation to stocks.

The proceeds from the stocks that I sold outright have been placed in the 10 Year T-Note as we should see the Notes increase in value as equity continue to decline. Not to mention the yield on the T-Notes is much better than the prevailing money market accounts.

Remain very cautious in here.


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