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.

The Lead-Lag Report: October Correction Warning

By

Market internals have markedly deteriorated, as the odds increase for an October correction. Beware the message of the bear trade.

PrintPRINT

Consumer Staples (NYSEARCA:XLP) – Defensiveness Increases



Comments: Consumer staples continue their strength in sympathy with Treasuries, health care, and utilities, as money takes itself off the table following the Fed's QE3 announcement. The surge is troubling, and may be warning of a potential correction in equities for October.

LAGGARDS: CONSUMER STOCKS VULNERABLE

Consumer Discretionary (NYSEARCA:XLY) – Down Again



Comments: Last week I stated, "Discretionary stocks remain in the leadership category, but I maintain that the group is tired. A recovering housing markets and pledge by the Fed to do whatever it takes to bring joblessness down has bolstered the group, but performance is extended." It appears that weakness is now setting in. The sector remains one to be bet against on the short side, and avoid on the long side independent of any kind of wealth effect the Fed's QE3 program creates.
No positions in stocks mentioned.

This writing is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction, or as an offer to provide advisory or other services by Pension Partners, LLC in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Pension Partners, LLC expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.

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