Feeling Rather Bullish

 | Jan 18, 2013 | 10:50 AM EST
  • Comment
  • Print Print
  • Print
Stock quotes in this article:


The indices continue to hang tough, but it's slow going. There isn't much movement in either direction and volatility is contained. Breadth is running 2300 gainers to 2500 decliners. Oil is leading while chips lag, primarily due to Intel (INTC).

My market exposure has declined quite a bit as I've taken stops and locked in gains, but I'm unable to find new buy candidates. Even though I'm bullish about the big picture, I am actually bearish because I have so much idle cash.

The majority of the small-caps that I follow are trading flat and I'm keeping very tight stops on what I'm holding. If the market finally turns lower, like so many people are anticipating, my stops will trigger and I'll look at taking a leverage index play like Direxion Daily Small Cap Bear 3X Shares (TZA). I still have little interest in pursuing the dark side, but if the opening lows are taken out, I'll likely try to catch some downside momentum.

I've made it clear that I'm not looking to be bearish until I see actual weakness. Lower intraday lows would be one sign that would push me to be more aggressive about selling. So far, that it isn't happening.

Columnist Conversations

Interface (TILE) posted 32-cents in its Q2 period versus a 28-cent consensus estimate.  Revenues also ...
Markets in rally mode as Fed once again decides to leave rates unchanged in 9-1 vote.   Some big moves...
UPS will be reporting its 2nd quarter results before Friday's opening bell.  The stock has been fading si...
The FOMC essentially recycled the past couple of of policy statements at the conclusion of its two-day meeting...



News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.