11/26/2015 Thanksgiving Holiday Update

[Cobra]

In case still someone like to talk than turkey. Welcome to chat here.


Institutional buying and selling chart from stocktiming shows more distribution than accumulation, but distribution is down while accumulation is up, so we're still in bottoming phase.

When accumulation and distribution are down means we're in trending phase.
When accumulation is up, distribution is down, it's a bottoming phase.
When accumulation is down, distribution is up, it's the topping phase.

[MrMiyagi]

Dell

Keep us updated with your trip. Just a reminder though, the people-train runs out of Stuh-Stuh-Stubville....

[Al_Dente]

When Small Caps raise needed funds, they often float bonds that are invariably rated “JUNK” [with exceptions].
Hence, IWM and HYG (junk bonds) are usually in positive correlation [roughly, with exceptions].
That’s why some “analysts” are freaking out that junk bonds (pink behind price) and IWM (black) are showing a negative divergence.

HYG is a passive ETF that seeks to replicate “iBoxx $ Liquid High Yield Index”.
It’s highly diversified junk; currently the number of holdings is 1,015.
Top holdings include: Sprint, Chrysler, Tenant Healthcare, et.al., and no single stock is weighted at more than 0.51% of the ETF.
[So you can’t blame the divergence on oil]
By comparison:
JNK is a passive ETF that seeks to replicate “Barclays Capital High Yield Very Liquid Index”.
Currently the number of holdings is 781, and no single stock is weighted at more than 0.63% of the ETF

HAPPY THANKSGIVING TO ALL

[DellGriffith]

Oh man, things got...real interesting.

I need to rent a motel and they won't take shower curtain rings. Looks like I have to trade the manager my laptop for a room.

Can't sleep in the car because there was a small fire.

[Trades with cats]

Going to roast a turkey on my grill in the snow, I wonder if that qualifies for honorary Canadian status? Anyway are small caps and most shorted related? Don't forget not only did pasta man just show us another small cap relationship (Thank-you Al_Dente) Junk bond market is moving into 2009 conditions.

[tkvprasad]

F.A.N.G stocks

http://jlfmi.tumblr.com/post/1339531738 ... -into-fang

[ALdaytrade]

Oh man, things got...real interesting.

I need to rent a motel and they won't take shower curtain rings. Looks like I have to trade the manager my laptop for a room.

Can't sleep in the car because there was a small fire.

You are as funny as your picture is!

[daytradingES]

Going to roast a turkey on my grill in the snow, I wonder if that qualifies for honorary Canadian status? Anyway are small caps and most shorted related? Don't forget not only did pasta man just show us another small cap relationship (Thank-you Al_Dente) Junk bond market is moving into 2009 conditions.

Doubt it.
You have to be in favour of universal health care (and free for low income residents) - oh and spell colour with a U!

[fehro]

http://www.aaii.com/sentimentsurvey

[QED]

Martin Shkreli Sets Out To Crush KaloBios Shorts: Will Stop Lending Out Shares

“And now the squeeze really begins, as all those 49% who are short KBIO, according to Markit, rush for the nearest exit, while those who are currently long the stock refuse to sell at any price knowing they have all the leverage ... and where a company which is for all intents and purposes bankrupt suddenly trades with a market cap in the hundreds of millions or even billions as desperate shorts pay any price just to get out.... tune in tomorrow to find out during tomorrow's abbreviated session, because the KaloBios comedy is nowhere near concluded."

http://www.zerohedge.com/news/2015-11-2 ... out-shares

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