Posts From Fil Zucchi

Fil Zucchi
Fil Zucchi is the founder and manager of Zebra Investment Advisors LLC, a Virginia registered investment advisor, and Zebra Fund, LLC, a long/short hedge fund. Fil has been involved in the financial markets for several years, taking a particular interest in long/short options trades and corporate credit and derivatives. In his prior life, he was a bankruptcy and commercial litigation attorney at a Washington, DC law firm. Fil has a bachelor's degree in economics from Georgetown University (1985) and a law degree from the Catholic University School of Law (1988).
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Update On Key Stock Market ETFs Using DeMark Indicators

After Friday’s Nasdaq beatdown, it may be useful to look at some DeMark charts to keep things in perspective. Today I’ll look at daily and weekly charts for the PowerShares Nasdaq 100 ETF (NASDAQ:QQQ), the SPDR S&P 500 ETF (NYSEARCA:SPY), and the iShares Russell 2000 (NYSEARCA:IWM) – all through last…

Crude Oil Prices Reach Critical Juncture: A DeMark Update

Yesterday’s ugly action in crude oil has created some very notable – and bearish – setups on Crude Oil “DeMark” charts. And this could have an effect on trading in the days and weeks ahead.  Here’s an update using DeMark analysis across multiple time frames. Crude Oil “Daily” Bar Chart…

May 2017 Credit Markets Recap: Big Month For Corporate Bonds

May 2017 was a sufficiently stunning month in the credit markets. And it deserves an update on the litany of data the I laid out in my last update (April Credit Markets Recap). For comparison, I highlighted some key credit markets performance indicators for the month of April and then…

April Credit Markets Recap: The Bull Market Marches On…

April proved to be yet another month of frustration for bears and those, like me, who are simply looking (and hoping) for a stock market pullback large enough to get longer U.S. equities. I have long harped on the notion that the credit markets are, and have been, driving the…

Corporate Credit Markets: Party Like It’s 2017!

It has been quite a while since I have written about the state of the corporate bond market. Longtime readers know that I follow the corporate credit markets very closely as the main tell of what drives equity markets. And considering the noise surrounding the markets, it probably a good…

F5 Networks Stock (FFIV) Pummeled On Earnings: What’s Next?

As much as I admire F5 Networks (NASDAQ:FFIV) business and industry space, the pummeling to F5 Networks stock price after last night’s earnings report may not be enough to offer a “safe” entry. Patience is key for FFIV bulls and I’ll attempt to show why in this brief research note. F5…

Gilead Sciences (GILD): Fundamentals vs Technicals

About $7 ago, I tweeted that Gilead Sciences stock (NASDAQ:GILD) was starting to present a real conundrum of fundamentals/valuation (positive) vs. technicals (negative). So far the technicals (and specifically DeMark indicators) have prevailed. But ignoring Gilead Sciences stock fundamentals (valuation and balance sheet) is becoming increasingly difficult. If you are…

Deutsche Bank Scares Up Memories Of 2008 Financial Crisis

On Thursday, the news-flow got mighty rough on Deutsche Bank’s stock (NYSE:DB). Yet its credit seemed almost oblivious. Here is how its Credit Default Swaps (CDS) performed: 1y Sr -2bps, 5y Sr -10bps, 1y Sub -16bps, 5y Sub +12bps. Yes, all DB’s CDS were (are) close to historic wides, but…

Credit Markets Update: European Financials Firm After BREXIT

I thought I’d provide a quick update on the credit markets in the aftermath of BREXIT. In particular European financials. The attached chart below shows the price of an index of credit default swaps (CDS) on subordinated debt of European financials, and the price of the iShares MSCI Europe Financials…