Monday, April 15, 2013

T2 Bonds & Fixed Income...4.15.13

China's reporting a bit of economic slowdown but Citigroup beats the street by a wide margin on increased trading revenues.  Gold and silver continue to get hammered..silver down 11%, gold down 8-9%...biggest one day losses in 2 years. XLE and the energies are also down more than 3% and  the usual  market gurus are uniformly predicting the cheapest summertime gas in years.

In early trading XLU was actually positive and XLV was holding until the pre noon (East coast time) selloff.
Volume is sub par...recall Friday's link on that subject...and the NYSE advance/decline line is .18...bearish but not anywhere capitulation stages.  April options expiration week is historically very bullish, especially the day after April 15th, so maybe this selloff  is just the usual market manipulation...or maybe not.

Our Bonds and Fixed Income portfolio...a safe haven from volatility that's delivered a 97% RSQ linearity over the past 2 years...still favors the dividend linked ETFs, but this is an all in sort ... all 11 ETFs) so the rotational momentum is really not a factor.
Click once on chart to expand and clarify.