Round numbers

JD, a recent chinese web IPO went public in the thick of the May pessimism.  I tweeted what I liked about about it on stockwits

$JD plenty to like about it: ipo priced in a negative sentiment environment, notable catalysts coming, a competitor trading well ($vips)
— Aaron Jackson (@a_jackson) May. 27 at 09:25 PM

Now this thing is trading off round numbers.  Institutions with big gains from the IPO appear to be letting go of some of their shares at 23, 27,28.  While they sell, the market is quickly gobbling up those shares and this keeps ripping higher.

Now i'm long and biased, and this isn't a pitch to go out and buy it, but this is a nice hint when watching future IPO's you're interested in.

Trade 'em well

India

It's been a great year for India as it's now leading the world markets.  It's something that's definitely overlooked as we focus on our own markets.  The key thing to keep in mind how fresh and clean that seven year breakout is.  There are years of upside coming here and this could be THEE single best place to invest in the world.  Any and all pullbacks in 2014-15 are buys via the ETF EPI. 

Sup, treasuries?

Sentiment has really shifted in bonds in the last month or so and the TLT has really started to trade poorly.    We're on the verge of a huge false breakout, which could lead to a sharp treasury market sell-off.  

I highly suggest reading MacNeil Curry's take.  He thinks a vicious move higher is coming in treasury rates.   If that were to occur, we'd have a catalyst that slows down the economy and stop US equities dead in their tracks.

Trade 'em well!

GAF? WTF!

GAF is shaping up as an attractive opportunity technically to money managers who want to get involved in the emerging markets.  It's pulled in to the 10 week average and the 40 week MA has turned up.  Clearly this has the makings of a huge trend higher.  High 60's would be a gift.  

It's an important time to ask 'what can go right in this part of the world?'. 

Trade 'em well!

Concrete Roots of abhorrence

The amount of negativity around Apple's beats acquisition is amazing.  There are plenty of level headed thoughts out there from the pro investors, but it seems the majority are doing whatever they can to spin it negatively.  It's become clear that many don't just dislike the acquisition, they hate the stock.  It's a very healthy and bullish sign for the stock over the next few months.

So what's driving this hatred of the acquisition?  You could say people just like spotify (why does it even get brought up?  Apple didn't buy beats for the streaming) and of course folks definitely don't like paying 200 bucks for headphones!  Alas, I doubt that's the case.

What's more likely driving the negative commentary is market dynamics.  Apple was the most widely held stock in the world when it topped in October 2012.  The investing public suffered a wide world of pain as shares dropped from 670 to 400 while everything else kept going up.  It's likely many sold way below the 600 level for a big loss and now can't stand to see the stock above where they sold.

So what does it mean for the stock?  It means there is a very healthy bid here and it's in a great technical position over the coming weeks and months.  Of course this doesn't mean the stock can't pull back, but pull backs are good long opportunities.

Trade 'em well