Friday Night Wine

After 3 weeks of no wine, we have decided to have a bottle tonight. The choice, a 2005 Kirkland Syrah from Columbia Valley. I know, Costco wine is not some spectacular find but we have found they do offer a good everyday wine at the price of a mediocre everyday wine. The 2005 Syrah has a deep purple-red color, blackberry fruit and spicy aroma. Nice flavour and good body with a nice finish. We have had this previously and had been cellaring this for a few years. It was a favourite of ours then and just as good as we remember.

Could We See A Pause in the Rally?

The NASDAQ 100, or NDX, has been on a tear since the March lows. But this week we saw something that made us take note. Call it a buying climax or call it a weekly reversal, the pattern is pretty much the same: the market, in this case the NDX, hit a new rally high during the week then ended up closing below the previous week's close. This historically has been at least a short term bearish sign.

This doesn't mean that the market will crash with 100% certainty; nothing about the markets is 100% certain. Given the historically bearish time of year, the extent of the recent run, this prompted up to get our defensive team ready just in case. This may just be a breather, but we did lighten up on our NDX positions on the close today. We'll see how this plays out but we are being more cautious here.

Opening Edition

This will be a blog about investing, portofolio management, forex, ETF's, risk management and any other topic I feel like discussing.