Daniel Banaszak's  Instablog

Daniel Banaszak
Send Message
Dan Banaszak, CFA Currently a Portfolio Manager for Compass EMP Funds in Brentwood, TN. Prior experience in trading includes 2 years as a market maker in S&P 500 futures options on the floor of the CBOT and 2 more years as an independent trader in S&P 500 futures and futures options.
  • Volatility Firming As The Spooz Struggles Near All-Time Highs 0 comments
    Mar 27, 2013 9:33 PM | about stocks: VXX, SPY

    (click to enlarge)

    U.S. equities have been stuck in a sideways grind right at the all-time highs in the S&P 500 this week. As close as we may be to that elusive 1565.15, the market is flashing many warning signs that may make any recapturing of the U.S. equity market holy grail a moot point. The headlines out of Cyprus are forcing markets to stay focused on systematic risk in the Euro-zone banking system, with the Euro posting a substantial 200+ pip reversal during Monday's trade and further downside today. At the same time we have seen the U.S. Treasury complex post a modest rally over the last two weeks with the 30-Year future posting a 3.5 point gain. On top of this, the VIX has been oh-so-gradually getting a bid since the 15th of March, rising from 11.4 up to today's close of 13.15. That may not seem like much, but taken together with what I observe in bonds and the Euro, is not something I want to be seeing if I am long U.S. large cap equities near all-time market highs.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: VXX, SPY
Back To Daniel Banaszak's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Volatility Firming As The Spooz Struggles Near All-Time Highs http://bit.ly/Zz8Sft $SPY $VIX
    Mar 27, 2013
  • Did you take out a home equity loan and buy every stock that you could find? Tomorrow's the Fed announcment. You should have.
    Oct 23, 2012
  • The S&P is leaving a trail of ripped faces and bath salts in its wake.
    Oct 22, 2012
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.