Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Buzz on the Street: All News Is Good News for This Market

By

A look back at the happenings on Wall Street this week, as seen by Minyanville's Buzz & Banter.

PrintPRINT
Friday, November 15, 2013

Italia
Brandon Perry


Italy has finally burned off its overbought nature from the rocketship move it had. The dollar had its fun in the sun on that recent spike and is now drifting lower. This allows hot overseas markets to refresh and gain some internal power to move higher on both a dollar basis and a pure basis.

I am adding the iShares MSCI Italy Index ETF (NYSEARCA:EWI) today to bring the portfolio back up to 80% long. Italy is coming into its 50-day moving average on a beautifully controlled pullback. This type of move usually sets the stage for another leg higher.


Click to enlarge

ZN Update
Marc Eckelberry


ZN (10-year future) retraced 50% of its pit session move from the FOMC high and stalls at 126'290. The bull case is not made until we close above. Today's move to 126'290 lines up with the daily chart, which so far is just bear flagging.


Click to enlarge

Twitter: @Minyanville

Follow the markets all day every day with a FREE 14 day trial to Buzz & Banter. Over 30 professional traders share their ideas in real-time. Learn more.
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE