From: April 2013

The Bank of Microsoft, Cisco and the QQQ…

As equities keep rising and more importantly to me, not falling, cash just has to make its way into the market. Underperformance makes big hedgies do crazy things. They chased up Bitcoins, they chased up biotechs and maybe now they chase up the ‘safety ‘ cash rich tech stocks like Cisco, Microsoft and even Apple. …

The Good Internet

It was an tragic week for many Americans. It feels so random and unavoidable from afar. When I was a kid, Israeli buses were always targets of terrorist attacks and I remember being drilled on by adults that I was not to kick a can or pick up and suspicious bags on the street during …

Momentum Wrap – Distribution Days Are Piling Up

Distribution days are pilling up, correlation and volatility are rising, which is usually not a sign of a healthy market. Granted, the $SPY managed to find some buyers near its rising 50dma and tomorrow it could make fun again of all cautious market participants by rallying 2%, just like it did on Tuesday. Nevertheless, the …