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    PEAK ASSET: ARVO WRAP 5 December: Shares chartered their worst one-day decline in more than a month | Reserve Bank of Australia’s decision to leave rates at 4.35 per cent |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 5 December: ASX to fall, Wall Street rally hits a wall | Hillgrove’s ‘rotainers’ have arrived at Port Adelaide | 30 years ago, a disruptive tech devastated copper prices. It could be about to happen again |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 4 December: Shares rally as gold hits all-time high, Bitcoin above US$40k for first time this year | ADX Energy extends collaboration with MND through farm-out of gas exploration prospects in Upper Austria |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 4 December: ASX to jump higher | S&P/ASX 200 futures were tipping a 65-point, or 0.9 per cent jump | Gold: US$2,071.25 (+1.68%) |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 1 December: A Friday fizzer for Aussie markets as energy and tech stocks drag | Mitre Mining acquires transformational Chilean silver-gold project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 1 December: ASX to open lower | Dow +1% S&P -0.1% Nasdaq -0.7% | Spot gold -0.5% to $US2034 |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 30 November: ASX climbs again as IRESS jumps 16pc | Cettire down 10pc as big shareholder dumps stock | Boss Energy captures trace uranium from start-up wells at Honeymoon project |

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 7 December: ASX to fall | Dow +0.04% S&P -0.1% Nasdaq -0.2% | US oil was 4.1 per cent lower |

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 6 December: ASX up almost 2pc as iron ore, lithium miners jump; Evolution Mining down 14pc | Phase 3 extension on the cards as Latin’s Salinas resource vaults 56pc |

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 5 December: Shares chartered their worst one-day decline in more than a month | Reserve Bank of Australia’s decision to leave rates at 4.35 per cent |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 5 December: ASX to fall, Wall Street rally hits a wall | Hillgrove’s ‘rotainers’ have arrived at Port Adelaide | 30 years ago, a disruptive tech devastated copper prices. It could be about to happen again |

    Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 4 December: Shares rally as gold hits all-time high, Bitcoin above US$40k for first time this year | ADX Energy extends collaboration with MND through farm-out of gas exploration prospects in Upper Austria |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 4 December: ASX to jump higher | S&P/ASX 200 futures were tipping a 65-point, or 0.9 per cent jump | Gold: US$2,071.25 (+1.68%) |

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    CME Loses Key Battle in Potentially Costly Trader Lawsuit

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    24X5 Options Trading Begins Sunday, November 21

    ICE Notice

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    AP: US COVID-19 cases rising again, doubling over three weeks

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 7 December: ASX to fall | Dow +0.04% S&P -0.1% Nasdaq -0.2% | US oil was 4.1 per cent lower |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 6 December: ASX up almost 2pc as iron ore, lithium miners jump; Evolution Mining down 14pc | Phase 3 extension on the cards as Latin’s Salinas resource vaults 56pc |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 5 December: Shares chartered their worst one-day decline in more than a month | Reserve Bank of Australia’s decision to leave rates at 4.35 per cent |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 5 December: ASX to fall, Wall Street rally hits a wall | Hillgrove’s ‘rotainers’ have arrived at Port Adelaide | 30 years ago, a disruptive tech devastated copper prices. It could be about to happen again |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 4 December: Shares rally as gold hits all-time high, Bitcoin above US$40k for first time this year | ADX Energy extends collaboration with MND through farm-out of gas exploration prospects in Upper Austria |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 4 December: ASX to jump higher | S&P/ASX 200 futures were tipping a 65-point, or 0.9 per cent jump | Gold: US$2,071.25 (+1.68%) |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 1 December: A Friday fizzer for Aussie markets as energy and tech stocks drag | Mitre Mining acquires transformational Chilean silver-gold project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 1 December: ASX to open lower | Dow +1% S&P -0.1% Nasdaq -0.7% | Spot gold -0.5% to $US2034 |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 30 November: ASX climbs again as IRESS jumps 16pc | Cettire down 10pc as big shareholder dumps stock | Boss Energy captures trace uranium from start-up wells at Honeymoon project |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
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  • Charts
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 7 December: ASX to fall | Dow +0.04% S&P -0.1% Nasdaq -0.2% | US oil was 4.1 per cent lower |

    Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 6 December: ASX up almost 2pc as iron ore, lithium miners jump; Evolution Mining down 14pc | Phase 3 extension on the cards as Latin’s Salinas resource vaults 56pc |

    Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 5 December: Shares chartered their worst one-day decline in more than a month | Reserve Bank of Australia’s decision to leave rates at 4.35 per cent |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 5 December: ASX to fall, Wall Street rally hits a wall | Hillgrove’s ‘rotainers’ have arrived at Port Adelaide | 30 years ago, a disruptive tech devastated copper prices. It could be about to happen again |

    Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 4 December: Shares rally as gold hits all-time high, Bitcoin above US$40k for first time this year | ADX Energy extends collaboration with MND through farm-out of gas exploration prospects in Upper Austria |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 4 December: ASX to jump higher | S&P/ASX 200 futures were tipping a 65-point, or 0.9 per cent jump | Gold: US$2,071.25 (+1.68%) |

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    • MrTopStep

    Do We Have a “Good” Low or Is This a Setup?

    Do We Have a “Good” Low or Is This a Setup?

    August Opex: Will Things Get Ugly?

    Are We Setting Up for an Opex Bounce?

    S&P Sits at Key Support as Trends Turn Bearish

    Correction Continues As Recent Lows Are on Watch

    Bulls Are Looking for a Bounce After Slow Start to August

    The Ticker

    Stocks Under Pressure Early on Friday. Can We Get a Low?

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    Monthly Trading Time: The Good, The Bad and The Ugly

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Up, Up and Away On Our June Balloon $QQQ $SPY $DIA

Stock Trader's Almanac by Stock Trader's Almanac
May 30, 2014
in Nasdaq, S&P 500, Stocks
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$DIA $SPY $QQQ Summer Rally Ends
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June is the end of the Best Eight Months of the Year for NASDAQ and the Russell 2000 small cap index, so next week we will begin tracking MACD for a sell signal in these two markets. However, just as we did when our S&P 500 and Dow Best Six Months Sell signal triggered on April 7, we will not be selling and going away. When our Best 8 Months sell signal occurs we may sell any underperforming open long positions and further tighten stops on winners, but we will not be selling everything, nor going away.

Stocks have drifted higher in general since our April 7 signal, but not by much. After rallying 8.7% from our October 15 Buy Signal the S&P 500 is up 3.8% since April 7. The Dow tacked on 7.1% from October 15 to April 7 and is up only 2.6% since. Many of our long positions were stopped out for handsome gains, while we took losses in a few. The NASDAQ rally since mid-April has pushed our PowerShares QQQ (QQQ) position above its recent March highs.

Our Worst Six Months defensive positions have performed quite well, except for the AdvisorShares Ranger Equity Bear (HDGE) ETF. HDGE is down about 3.4% since it entered the portfolio, but this is our insurance policy against any correction. The other bearish plays – stock shorts, inverse ETFs, inversely correlated longs, and bonds – have done relatively well. Starbucks (SBUX), our inversely correlated long for the bearish Coffee trade is up about 5% since it was added two weeks ago when it dipped below our $70.00 buy limit on May 15.

So as we enter the summer doldrums, we feel we are positioned prudently – not too bearish and not too extended. Bonds have been on a tear since the beginning of the year and there are signs that rates may begin to turn higher, putting pressure on iShares Core Total US Bond Market (AGG), so we’ve got our eye on that position and may tighten our stop loss.

Our buddy John Person is looking for a top in bonds in the near future. In one of her Real Money pieces today Helene Meisler – one of our favorite technicians – writes that “Bonds Look Liable to Struggle.” Both John and Helene see indications that the S&P can break a bit higher here before any pullback. So with the Fed still easy and printing dough and the tape remaining strong we are not expecting any major correction in the next month, though we are prepared for it. At this point it looks like any major correction will occur in the worst 4 months July-October.

Disclosure Note: At press time, officers of the Hirsch Organization, or accounts they control held positions in AGG, HDGE, QQQ, XLE and XLU.

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