Up. Still Moving Up!
Wen Selloff??? Also, Big News From Cestrian About This Newsletter.
DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.
First, The News
by Alex King
We will soon be upgrading this newsletter. Look out for more details but in short the following is coming your way:
1 - Paying members here will start receiving more detailed daily market analysis covering not just the long-term outlook but also our short-term take on equity indices.
2 - The upgrade path from here to our Inner Circle service will be seamless.
The first step is that we will move all our free users over to a different distribution platform. If you’re a free reader here and you suddenly stop receiving these notes, check your spam / junk / clutter etc folder to see if the new distribution method sends our notes there. You will have to exercise your own judgment as to whether the notes do in fact belong there or deserve to be rescued and declared Not Junk.
The next step is that we will move our paying users over. If you’re a paying user here we’ll give you the heads up when that will happen.
Now, The Market.
Paying members, scroll down for our take on the S&P500, the Nasdaq-100, the Dow Jones 30 and the Russell 2000.
Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.
US 10-Year Yield
Perhaps the move down in the C-leg sketched out below has begun.
S&P500 / SPY / ES / UPRO
No change from yesterday - in the medium term the S&P looks like it has plenty of room to run - to SPY533 at least in my view. Shorter term it looks extended. What you do or don’t do about this depends entirely on your timeframe of interest.