Market On Open - Monday 20 May
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No New News
by Alex King
So now we have a lot of news in the rear-view. CPI, PPI, the short-term reaction to both, May opex too. Many things in the last week or so gave equities a chance to head to the basement, and they didn’t. That matters. So until some other disturbance comes along - you know, like a major Middle Eastern leader’s helicopter coming down, something like that - our assumption is that the bull market will continue.
Below we work stepwise through our usual analysis.
As always we cover all four primary US equity indices (the S&P500, Nasdaq-100, Dow Jones-30 and Russell 2000); bonds (TLT), volatility (the Vix), oil (USO) and sector-specific ETFs. We provide long- and short-term insight daily and we include coverage of leveraged ETFs which - if you have gotten sharp at the rotation and hedging methods we teach - can be used to very good effect. All of this features daily in the pay version of this newsletter.
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