- Small-Cap Growth +2.07%
- 1) Biotech +2.79% 2) Oil Tankers +2.50% 3) Road & Rail +2.29%
- PVR, IGTE, SYNA, LRN, ACAD, AFSI, RBA, ORAN, OMX, LINTA, CLDX, BBY, XOOM, XPO, DK, QCOR, PBF, CONN, NFLX, AFOP, LCI, TWC, ALKS and GILD
- 1) GCI 2) CTXS 3) AKAM 4) TSO 5) CL
- 1) LMT 2) BA 3) AMZN 4) GOOG 5) IBM
1 comment:
On Thursday, October 10, 2013, World Stocks, VT, and Global Industrial Producer, FXR, rose, as President Obama announced dovish banking insider Janet Yellen as his choice for Federal Reserve Chair, causing risk assets and financial stocks to rise strongly; these included the following sectors:
200% volatility, XIV 9.6%
Solar, TAN 5.7
Biotechnology, IBB 5.5
Nasdaq Internet, PNQI 3.0
The Too Big To Fail Banks, RWW 2.8
Aerospace, PPA 2.8
Media, PBS 2.8
Internet Retail, FDN 2.7
Investment Bankers, KCE 2.7
Pharmaceuticals, PJP 2.6
Stock Brokers, IAI 2.6
IPOs, FPX 2.5
Small Cap Pure Value, RZV 2.5
Of note, Resorts and Casinos, BJK, rose 1.7%, to a new rally high.
Nations rising strongly included
Thailand, THD, 4.4%
Philippines, EPHE, 4.3
Indonesia, IDX, 3.5 and IDXJ 3.2
India, INP, 3.3 and SCIN 4.0
Turkey, TUR, 2.8
Mexico, EWW, 3.0
Argentina, ARGT, 2.6
The Interest Rate on the US Ten Year Government Bond, ^TNX, rose to 2.68%, and the Steepner ETF, STPP, rose strongly as the 10 30 US Sovereign Debt Yield Curve, $TNX:$TYX, steepened. A steepening yield curve suggests that bond vigilantes are once again obtaining a strong hold over interest rates, in their war on the world central banks; and that they are once again calling US Government Bonds, GOVT, lower, on the monetization of debt by the US Federal Reserve.
Junk Bonds, JNK, rose taking Aggregate Credit, AGG, higher.
Currency traders, sold the Japanese Yen, FXY, causing the chart of EUR/JPY to rally strongly to 132.86, and the chart of AUD/JPY to rally strongly to 92.02. Of note, the Chinese Yuan, CYB, rose strongly to a new rally high.
Oil, USO, rose 1.5%. Gold, GLD, traded 1.5% lower and and Silver, SLV, traded 1.1% lower.
The October 10, 2013, rally in stocks on the announcement of Janet Yellen as Obama’s choice for Federal Reserve Chairperson, presented the short selling opportunity of a lifetime, as in a bull market, one buys in dips, and in a bear market, one sells into pips.
One could sell short the 40 ETFs/ETNs, XIV, FDN, CARZ, PBS, IBB, RZV, PSCI, FPX, IAI, XTN, SMH, XRT, PJP, PSP, TAN, RXI, FLM, PNQI, WOOD, EUFN, RWW, FXR, BJK, IST, SLX, PPA, GNW, EIRL, GREK, EWY, EWP, YAO, TUR, ARGT, EPHE, SCIN, THD, EGPT, EWZS, UJB. for great future reward.
And one could use the 8 ETFs/ETNs, OFF, STPP, UUP, XVZ, GLD, FSG, JGBS, YCS, as the basis for one’s margin account.
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