Monday Morning Fake-out – SassyMusings 3/31/14

  • Please check out my latest piece on TheStreet today. Bulls Make Money, Bears Make Money, How Can Anybody Make Money Right now?
  • Once again we had the overnight lift, brought some hope back in, and crushed it. Except for the IWM, which was trading in its own world today.
  • Anyone chasing those momo stocks were burned again. Remember, to survive in this market you need to adapt. If you are using 2013’s playbook, here’s a tip, throw it out.
  • The stocks that were moving today may be boring (MSFT, IBM, XLU), but boring is better than damaging.
  • Tomorrow new money ‘should’ be flowing in the market. Pay attention to where it goes. Will be interesting to see if there is any interest in the high growth name stocks.
  • Overall, the dynamic with so many divergences and decent size sell-offs is not consistent with a healthy market environment.
  • I showed you AAPL‘s open interest earlier today. Here is a couple more (FB and LNKD). FB.3.28lnkd.3.28
  • Chart of the Day: This range is ridiculously tight. Screen Shot 2014-03-31 at 4.07.05 PM
  • Tweet of the Day: So true. Screen Shot 2014-03-31 at 10.52.02 AM
  • Thanks to those who have joined my service. Good start today considering the snooze-fest. For information please visit the Premium Page.

Have a good evening.