Financial musings, stock market analysis and position updates
related to Resnn Investment LLC’s flagship fund, ‘The One’.
I moved one notch closer to the bearish side today. Although the market has had a nice run over the past three days, today spent the first half of the day rising, and the second half falling. In fact, although the market closed up almost 2%, It was up over 4% intraday and lost those […]
wow … tough day in the market. the day was gnerally trendless and boring until the FOMC speech and the market just tanked from there … lost roughly 3% in the last 1.5 hour. well, yesterday if you read in my blog you noted that one of my most reliable proprietary indicators came back with […]
today was a bit frustrating, we saw a nice upside in the morning, followed by the afternoon giving it all back and then some. The QQQ’s (the leading index during the past month) literally touched the upper channel that it was been in since the market bottom in August and then reversed. so, although it […]
well, as i predicted on Friday, we had a down day today (see my last blog post). I used it to buy, mostly sticking with the 2x leveraged QQQ. The QQQ’s are definitely holding up the strongest in this market while SPY and IWM is sticking more in a range bound trading environment. All the […]
although today was positive and I continued to add to my long positions, I did see a few cracks appearing in my afternoon analysis. They are nothing serious at this point, but it wouldn’t surprise me if we have a down day. I still remain bullish at this point though. Let’s start with the good […]
42% of the top 1500 traded stocks are above the 50 day moving average. This is the highest number since he hit bottom in early August. 7% of the top 1500 traded stocks are above their bollinger band, although not an impressive number, this is the highest we have seen since before we started this […]
to follow up on my technical analysis post from last night, we made good progress today. As stated previously all the indexes gapped over the shorter term moving averages and closed above them end of day which is short term bullish. There was an intense battle going on in the morning as the price was […]
well, as I suggested last night, sure enough … the market opened with a gap up immediately over all the crucial moving averages. Just bounced right over them. So, we have check one small notch off the bearish stance. now, if we can hold above the moving averages intraday today and more importantly close above […]
Today was a productive day in the market, prices moved up and tested most of the smaller declining moving averages (5,10,17,20) and although they closed below all the averages, it was a good start. I still have a skeptical stance at this point and in fact added to my short positions intraday today, but the […]
Hi everyone. A quick Sunday evening update … I spent a few hours looking over charts of leading stocks in the market, and I’m quite honestly having a very hard time finding (long) places to put my money. What looked like a strong start to a rebound last week has crashed and burned. It am […]