Triggered Stocks
BTU, RGLS
Stops
None
New Ideas Today
BTU, RGLS, MNK
Removed
HTHT
Portfolio Update
FB +0.50%, QIHU +0.3%, MDVN+ 2.1%, BABA +2.6%, GMCR +1.7%, BIIB +1.25, EPAM -0.6%, AVNR +1.6%, ACAD +2.7%, SPLK +2.9%, NBIX 7+.1%, AMBA +2.91%, OVTI +0.7%, BTU +0.5%, RGLS +3.5%
Upside’s Commentary
For the day the SPX/DOW were +0.40%, and the NDX/NAZ were +0.30%. Bonds lost 9 ticks, Crude slipped 70 cents, Gold added $1, and the USD was higher. Tomorrow: monthly Payrolls at 8:30 (est. +255k), and a speech from FED chair Yellen at 10:15. Oh joy.
Going forward here in early November, I still think there’s a good amount of portfolios that have missed out on the rally or not nearly invested in it as much as they would prefer to be. There’s also likely a good amount of traders who are in denial and shorting into every signal they get looking for a corrective/pullback.
Since 1950, the S&P 500 jumped 16%, on average, in the six months following midterms. Also, since 1928, the market advanced 7%, on average, and it’s been positive 86% of the time in the three months following midterms.–Marketwatch
Good times. Lets hope history repeats.