Seeking Alpha

Tony Roylance's  Instablog

Tony Roylance
Send Message
I am a St. Louis-based independent and fee-only Registered Investment Advisor (RIA). My passion is market research and strategy development. I look forward to talking with other investors and traders. I am always up for a chat about the market, feel free to contact me at... More
My company:
MCR Capital Management
My blog:
MCR Capital Management
  • MCR Capital Management Weekly Market Report For September 3, 2013 0 comments
    Sep 3, 2013 10:54 AM | about stocks: SPY

    MCR Capital Weekly Market Report

    September 3, 2013

    Good Morning,

    Today is an absolutely beautiful day in St. Louis so this note will be short. Last week, the conflict on everyone's mind was the imminent U.S. strike on Syria for alleged chemical weapons use. After market close on Friday (which saw a huge buy-spike on the ES futures right at market close), President Obama stated he would seek debate in Congress regarding U.S. involvement. It was a light week for economic reports as well.

    I have seen many articles cross my desk and many on the financial news channels warning of an imminent sell-off/correction/crash. They cite the month of September, approaching QE tapering, and multiple Hindenburg Omen's occurring in the market. While it's possible that they are correct, my own independent research shows that it's probably not a good idea to panic just yet.

    (click to enlarge)

    Our proprietary market indicator is, indeed, weakening. However, it is still above zero which is the criteria for exiting the market. For now, it is best to remain in an appropriate asset allocation for your age and risk tolerance. And also, to use low-cost index funds to execute that trading strategy.

    I will update this page every weekend with the latest data, mid-week market updates may be published in extreme situations, but that will be rare.

    Latest Chart:

    (click to enlarge)

    Disclosure: I am long SPY, MDY, IWM.

    Themes: Macro Outlook Stocks: SPY
Back To Tony Roylance'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


More »

Latest Comments

Most Commented
Posts by Themes
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.