FINANCIAL ICEBERG
Always consider hidden risks



Jean-Pierre Desloges CFA  is a professional  investment consultant/ blogger/ trader with over 25 years of experience working on the buy and sell-side.

​​I have researched and invested in traditional and alternative asset classes and worked at Pensions Funds, International Banks and Dealers.   
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Market Insight​

June 26

US Technical Charts Potpourri
​The SP500 Index tiny consolidation past 2 weeks is in fact hiding a huge sector ​rotation that is under way; technology sector weakness being replace by a ​strong health care and industrial sectors.

Canadian Technical Charts Potpourri
​Tiny consolidation last week for the XIU ETF as Warren Buffet investment in Home Capital Group brang some relief in the financial sector.


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​​June 19

SP TSX60 Index (XIU ETF): Caught by Surprise?
​The market was totally Caught by Surprise from a speech of the Bank of Canada

US Technical Charts Potpourri
​Weekly gains from Health Care and Industrial Sectors was not ​​enough to reach a new closing high on SPY ETF as the correction in Technology stocks was quite acute (Weekly Bearish Engulfing Pattern 2 weeks ago)

Canadian Technical Charts Potpourri
​The XIU ETF broke a Major Weekly Support as the Bank of Canada surprise us with a restrictive bias last week

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​​June 12

Nasdaq 100 Volatility: My Canary in the Coal Mine?
​​Past occurrences of that spike in Volatility for the Nasdaq 100 Index was the case of broad market consolidation...

US Technical Charts Potpourri
​Strong weekly gain from Financials (from Finance Choice Act) was not ​​enough for a new closing high ever on SPY ETF as the correction in Technology stocks was quite acute (Weekly Bearish Engulfing Pattern).

Canadian Technical Charts Potpourri
The XIU ETF stabilizing compare to the SP100 Index as the Financial Sector is rebounding strongly from the US Financial Choice Act last week.

​​June 5

​FANGA Stocks: Mind the Gap
​ What we must realize is that those FANGA stocks (big capitalization) with strong momentum​​ are 10.57% of the SPY ETF, 34.8% of the Nasdaq 100 ETF QQQ. Momentum ETF MTUM is 32.53% invested in Information Technology. The market is all in for those stocks

US Technical Charts Potpourri
​​​I am still wondering about the weakness of the US Dollar Index that could weight eventually on the US stock Market going forward...

Canadian Technical Charts Potpourri
​The XIU ETF still under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Canadian Banks downgrade Story three weeks ago and the weakness of the oil sector...

​​May 31

​Monthly Technical Charts Potpourri
​I still think that we must realize that the US Dollar direction will drive markets going forward.

​​​
May 29

​SP500 (SPY ETF): Still an Atypical Market?
​Still an Atypical Market but not for the ones who followed the 1999-2001 period...

US Technical Charts Potpourri
​​​I am still wondering about the weakness of the US Dollar Index that could weight eventually on the US stock Market going forward...

Canadian Technical Charts Potpourri
​The XIU ETF still under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Canadian Banks downgrade Story three weeks ago and the weakness of the oil sector...

May 22

Nasdaq 100 Index ETF QQQ: Feel Home Alone
​​W​​e must realize that the last up leg of the market is lead by technology stocks and we must monitor the risks accordingly within our portfolios.

US Technical Charts Potpourri
​I am wondering about the weakness of the US Dollar Index that could weight eventually on the US stock Market going forward...

Canadian Technical Charts Potpourri
​The XIU ETF still under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Canadian Banks downgrade Story two weeks ago...

May 15

​SP500 Technology ETF (XLK): The Apple Experiment?
​The Technology Sector ETF is at a Major Technical Crossroads.

US Technical Charts Potpourri
​​​The Market is back on the upside since SPY ETF broke the weekly resistance trendline from a downtrend channel three weeks ago. Bulls need to protect the Weekly Uptrend Channel

Canadian Technical Charts Potpourri
​The XIU ETF still under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Canadian Banks downgrade Story

Debunking the "Sell in May" Stock Trading Strategy
Among stock traders, there's an old English saying that invariably gets trotted out every year at this time...

​​I’m Hearing A Lot Of Smart People Use ‘The Four Most Dangerous Words In Investing’ These Days,
Is it truly different this time? Certainly, there are a lot of smart folks who seem to think so.

May 8

​SP500 (SPY ETF): Atypical Market?
​In fact, the market is full Risk On and embracing one main investment theme here: Big Capitalization Technology exposure stocks.

US Technical Charts Potpourri
The Market is back on the upside since SPY ETF broke the weekly resistance trendline. Observe the Stocks and Commodities Major Price Divergence lately...

Canadian Technical Charts Potpourri
​The XIU ETF still under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Home Capital Group Story...

US Equity Volatility Is Near 90-Year Lows
​While volatility remains historically depressed, there is a divergence. Global cross-asset volatility remains well above long-term lows.

May Macro Update: Two Watch Outs Are Retail Sales And Employment Growth
​The macro data from the past month continues to mostly point to positive growth. On balance, the evidence suggests the imminent onset of a recession is unlikely.

May 1

Nasdaq 100 Index ETF QQQ: Runaway Train?
We must realize that the last up leg of the market is lead by technology stocks and we must monitor the risks accordingly within our portfolios.

Monthly Technical Charts Potpourri
​I still think that we must realize that the US Dollar direction will drive markets going forward

US Technical Charts Potpourri
​The Market still into a Consolidation process since SPY ETF is back testing the previous weekly resistance trendline and unable to close above yet....

Canadian Technical Charts Potpourri
​The XIU ETF is under performing the SP100 Index as the Financial Sector are into a downtrend technically speaking after the Home Capital Group Story...

Fund Managers' Current Asset Allocation - April
​ Of note is that allocations to US equities dropped to their lowest level in 9 years in April




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