Anyone get the Impression that Jordan Kotic has this slot, because his name rhymes.
His thesis is one of Breadth:
12% of "International stocks" are at New highs,
14% within 1% of new highs
58% within 5% of new highs.
Tony was making fun of T.A. Today.
You see, one can make another case; that good Breadth would be that when the U.S. is even with the new highs, the "International Breadth" and that Breadth being good, 58% should be within 1%.
Otherwise, it's weakening breadth. Jordan makes the case that "It's a coilded spring" of breadth, since any moment, they will catch up....
Problem is, they will still be Lagging U.S. Markets.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, March 11, 2010
Load into EEM.... aparently
The other funny thing was as the market closed, My new Favorite, Simon drew parallels between Emerging markets and the nazdaq bubble at the close....
I guess he didn't watch the Tick By tick
LOL
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