BlackPacific Capital  - Tactical Investment Management
RSS

Recent Posts

The Big Lie Part 3: Stuck in Purgatory
The 500lb Gorilla in the Room
The Big Lie: Intro
The Saga Continues; Big Risks and Little Spare Capacity
They Say There Is A Lack In Demand

Categories

Weekly Market Assessment
powered by

BlackPacific Capital

Straight from the Feds mouth!

Weekly Market Assessment
By:
 

Straight from the horses mouth! Janet Yellen speaking in front of the Joint Economic Committee on Wednesday said, "Stock prices have risen pretty robustly,” she told lawmakers Thursday. But looking at several valuation measures — she specifically cited equity-risk premiums — she said: “you would not see stock prices in territory that suggest…bubble-like conditions.” So there it is, the green light to buy equities! The markets reaction to these comments, 110+ points were added to the Dow Jones, as investors were again, reassured that the Federal Reserve is going to remain very accommodative. However, determining the location to pile in again remains the question as we are at all time highs. The buy on the dip has been the tried and tested plan however common buying levels in specific markets have failed in this tested strategy as of late. 
 
So why not a huge rally from here? "I think the bond market is what's confusing people and stopping them from putting more money on the line in the equity market", said Scott Redler of T3Live. The 10 Year Treasury Bond has been hovering around 2.60%. The outright statement from the Fed, should have pushed rates alot higher, as investors leave the bond market and into more risker assets in search for yield.  PIMCO, the largest fixed income managers in the world saw its 12th straight month of withdrawals with $3.1 billion leaving. However yields still remain at levels that flash caution. Who has it right? Should we take the Chairwoman's advice or look to the bond market for direction, either way, confusion seems to be the current state of mind in the market. 
 
Making the Watchlist: Below are the stocks that I will be looking at over the coming months.  I will provide the the current stock price and why I am watching them. I will comment on them as I continue to keep an eye on them.  You will be able to see and follow their growth and/or decline. Chart links may be attached.
 
Priceline PCLN $1135- Currently trading back above its 200 day moving average. It trades at a P/E of 30 compared to its competitors of 50. This has been caught up in the momentum stock trades as this thing can move +/- 40 points a day.  Has strong earnings and consistent growth while at the same time trading at a huge discount to its peers.    
 
From the Trading Floor to the Option Pit: A quick look at whats on the trading desk
 
S&P 500 (SPX)- I sold a Vertical "Call" spread at the 1895/1900 as mentioned last week, this remains a major resistance level in the market. Had a week gain of 21% in this option trade.  
 
Rackspace (RAX)-  Reports on Monday after being beaten down, I have purchased "CALLS" at the $30 and $31 strike price. Looking for a relief rally after company reports.                     
 
Coach (COH)- After disappointing on its Q1 earnings, COH sold off huge, down 14%. I have purchased  MAY $44 straight calls. I have added to this position as COH looks to have based with volume increasing.
 
Salesforce (CRM)- Provides enterprise cloud computing solutions to various businesses and industries worldwide. .Buying straight $50 "CALLS". This looks to have formed a double bottom and any decent beat from this veteran cloud computing company should bring in buyers again.   

4 Comments to Straight from the Feds mouth!:

Comments RSS
that url on Thursday, August 14, 2014 5:06 AM
Sie sind nur ein paar auf die Websites begegnen Online-; es hunderte weit rund , jeden unverwechselbaren naehert bis verdienen big und erhalten fantastischen Vorteile.Haben Sie Muss man verdoppeln in ein versuchen, zu ueber Ihr verliert?
Reply to comment


repliche orologi on Thursday, August 18, 2016 8:19 PM
Should we take the Chairwoman's advice or look to the bond market for direction, either way, confusion seems to be the current state of mind in the market.
Reply to comment


bestdissertations on Saturday, August 18, 2018 6:31 PM
There are many people who are planning trip with their friends and family. They need to make proper plan for trip so they will enjoy trips well. They need to select beautiful places for trips. They can plan how to spend all days during trip.
Reply to comment


Rachmiwaty on Wednesday, February 06, 2019 7:55 AM
ntuk bernyanyi di band rock Sonata. Saya bertemu dengling12 undangan pernikahan modern undangan pernikahan online undangan pernikahan undangan pernikahan amplop surat undangan pernikahan simple undangan pernikahan murah undangan pernikahan unik undangan pernikahan artis undangan pernikahan modern undangan pernikahan artis undangan pernikahan arab undangan pernikahan undangan pernikahan Toko Plat Bordes Toko Plat Bordes Pabrik bondek Pabrik besi unp undangan pernikahan cantik Distributor Besi Hollow Jual Besi Hollow Baja Toko besi hollow Distributor besi beton Sni Ulir Polos Agen Plat Bordes Agen Plat Bordes Pabrik Plat kapal besi baja bki krakatau steel Pabrik besi siku undangan pernikahan simple Distributor Wiremesh Harga Besi Hollow Baja Agen besi hollow Distributor besi beton ais Pabrik Plat Bordes Pabrik Plat Bordes Pabrik besi siku Pabrik Plat besi plat kapal undangan pernikahan mewah Distributor Besi Pipa Baja Schedule 80 Pabrik Besi Hollow Baja Pabrik besi hollow Distributor besi beton Distributor Wiremesh Besi Distributor Wiremesh Besi Pabrik pipa besi baja sch 40 sch 80 Pabrik besi h beam baja undangan pernikahan cute Distributor Besi Pipa Baja Schedule 40 Distributor Besi Beton Distributor pipa besi Harga Wiremesh Besi Harga Wiremesh Besi Pabrik Plat besi Pabrik besi cnp undangan pernikahan biru Distributor Pipa Besi Hitam Medium Supplier Besi Beton Harga pipa besi www.pusatbesibaja.co.id Jual Wiremesh Besi Jual Wiremesh Besi Pabrik besi h beam www.gudangbesibaja.com undangan pernikahan buatan sendiri Distributor Besi Wf Agen Besi Beton Jual pipa besi www.pusatbesibaja.com Supplier Wiremesh Besi Supplier Wiremesh Besi Pabrik besi wf
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment