Market Barometer ($USHL)

Investors seem to be a bit sidelined and the traders, hedgies and hackers are festive over their plus or minus 300 point swings in the market — all the while they pretend to wring their hands and sweat cold. That steady market climb of the last few years is awfully boring for them. Getting fired by CALPERs probably feels like a wedgie to many of them. Don’t be surprised if they continue to take it out on “us.”

We looked at $USHL last week, but we’ll keep a close eye on a break below +100 and we note that the long-term trend is still quite strong. Remain defensive, seek high-quality but it’s still business as usual for an investor with a long time horizon.

 ushl 20141015

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s