The Daily Market Information (DMI) (Aug. 21, 2017, Monday)

Aug. 21, 2017 5:37 AM ET
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Long Only, Momentum

Contributor Since 2010

O. Young Kwon, a NYU Ph.D. in Economics (1980), had worked in the security industry for ten years as a Registered Investment Adviser (RIA). He taught Macroeconomics (CUNY, Staten Island) and Statistics (Rutgers, Newark) during 1979 to1981.


In the first half of 1980s, he, as a full-time Research Associate, researched at the Center for International Business Cycle Research (CIBCR) (with Geoffery H. Moore) on business cycles, growth cycles, international indicators, composite indexes, and forecast of business conditions and inflation.


Prior to his academic career, he was an Economist/Bank Supervisor at the Bank of Korea (the Fed's counterpart) for ten years (1963 - 73). In 1971, he visited the Federal Reserve Bank of New York, sent by the Bank of Korea: He studied the long-run central banking in the computerized environment.

He had been a conservative investor, targeting a reasonable investment goal (inflation plus 5%), by setting well-diversified portfolios with Vanguard and Charles Schwab Exchange-Traded (Mutual) Funds (ETF) in the long run (5 to 7 years) until 2020, as shown in my various articles (20).


In recent years, significantly increased market volatility induced mainly by the more frequent online trading pattern, however, forces investors towards somewhat aggressive trading to gain more or lose less. It is a very serious challenge to conservative investors like him. He has traded in very short terms, based primarily upon his (manual) real - time framework. It successfully provides him with the turning points in a given session.


Now, he has invested in very-short terms (anywhere between a few seconds and a couple of sessions) in two trading accounts in Charles Schwab and TD Ameritrade (whit 40% of his nest egg).


 He also has had two internet savings in Marcus: Goldman Sachs with (the remaining 60%), earning 1.5% of the annual percentage yield (APY) which is daily compounded and FDIC protected. (if you're an investor older than 70, my portfolio might be right for you in the current market condition).


He studied at NYU under Oskar Morgenstern (Economic History, Game Theory), Wassily Leontief (Input-Output Theory), Fritz Machlup (International Finance and Trade), William J. Baumol (Economic Theory and Operations Analysis), M. Isaq Nadiri (Macroeconomic Theory), and Edward Wolff (Econometric Modelling).


He worked on various research projects: The input-Output Framework of the U.S. Economy (Leontief), U.S. Productivity Measurements (Nadiri), Knowledge Distribution (Machlup), Firms, Games, Decisions (Baumol), and U.S. Household Spending and Saving Behavior (Wolff).


His Doctoral Thesis under Machlup (1980): Theory of Foreign Exchange and Economic Policy.


(UCONN MA in Economics 1975, Seoul Nat'l U BA in Economics 1963, Kyung-gi H 1958. Pohang M 1955, and Pohang E 1952 for His Dear Alumni & Friends)


 

Summary

  • Traders Might Be About to Get a Big Buy Signal fr U.S. Stocks. Traders Might Be About to Get a Big Buy Signal for U.S. Stocks
  • Asian shares fragile as Trump turmoil, Korea tensions weigh. Shares barely budge amid uncertainty over Trump's economic agenda
  • Oil dips on rising U.S. output, but drilling activity slows. Oil stable as market conditions tighten despite rising U.S. output

The DMI (Daily Market Information)

Traders should take an advantage from the market volatility only if we can get a right guide. My approach of the guide is a top-to-bottom, starting macroeconomic views,  and updating daily TANER System: The Daily Market Information (7 days a week), The Daily 25ETFRANKS (“25R”) (M-F), The Daily TANER Momentum ETF Model (M), The DTM Schwab Model (T), The DTM Rotation Model (W), The DTM Vanguard Model (TH), and The DTM Stock Model (F)” (From The Outstanding Records of Investing and Trading…in 2016: Would The Strategy Prevail in 2017 Too? The Outstanding Records Of Investing And Trading With ETFs In 2016: Would The Strategy Prevail In 2017 Too? - O. Young Kwon

Investing is a zero-sum game, meaning when one guy gains, the other guy must lose. In order to win, what must we do? The DMI might help you to have an edge over the other guys. There is too much market information on SA, TV, Newspapers, magazines, etc. The problem is there is too much info to absorb. That's why DMI is brief and well-selected.

My focus is primarily on news about two areas: The Fed policy and Business Cycles. These are macro topics. DMI is a summary of what I listen to BBR, and read WSJ, Reuters, Bloomberg, AP, and Barons (weekend) from 5:a.m. to 7:00 a.m. everyday.

With this information and the RED Spread (introduced in my article. Link: www.seekingalpha.com/article/817551) you can grasp the current market situation.

The Daily Market Information (DMI) (Aug. 21, 2017, Monday)

Bloomberg

Traders Might Be About to Get a Big Buy Signal fr U.S. Stocks. Traders Might Be About to Get a Big Buy Signal for U.S. Stocks

Reuters

Asian shares fragile as Trump turmoil, Korea tensions weigh. Shares barely budge amid uncertainty over Trump's economic agenda

Euro’s losses deepen before Jackson Hole. Dollar edges up yen after dropping on U.S. political turmoil

Oil dips on rising U.S. output, but drilling activity slows. Oil stable as market conditions tighten despite rising U.S. output

The Daily Market Information (DMI) (Aug. 20, 2017, Sunday)

Bloomberg

Stock Pare Early Losses as Trump Lets Bannon Go. Stocks Pare Early Losses as Trump Lets Bannon Go: Markets Wrap

 

Morningstar

The Week Ahead: Will Salesforce’s momentum Continue? The Week Ahead: Will Salesforce's Momentum Continue?

Promise on New Canser Treatment, for Patients and Investors. Promise in New Cancer Treatments, for Patients and Investors

Foreign-Stock Fund Remains It’s Medalist Status. Foreign-Stock Fund Regains Its Medalist Status

The Daily Market Information (DMI) (Aug. 19, 2017, Saturday)

Morningstar

Own the Entire U.S. Equity Market in One Fell Swoop. Own the Entire U.S. Equity Market in One Fell Swoop

Why Are Stock Market Prices So High? Why Are Stock Market Prices So High?

Reflections on 9 Years of Economic Analysis. Reflections on 9 Years of Economic Analysis

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