S&P 500 | - Part 2

SLV…GLD…SPU

Posted on 05/04/2011

We just got a little bigger on the long side of Gold and Silver.. The Spu and Nasd have held for now and it would not surprise us to see some strength into tomorrow before unemployment. —

Spu..Russell..Midcap

Posted on 05/02/2011

Midcap 100770 a close below puts in an outside reversal day to the downside. Russell 85860 a close below puts in an outside reversal day to the downside. Only the Spu lag..

We’re at very lofty levels in a lot of stocks. Many of you longer term investors have sizable gains in those high beta dividend yielding stocks. Some like Oxy are up close to 20% in just a week. There are … Continue reading →

A.M. Look 4/27/11

Posted on 04/27/2011

Once again the global game of chicken with the Fed is being played out in the currency markets. It’s all about the Yen crosses! Yesterday’s close in the 30 yr Bonds was unchanged on the year, right where the Fed … Continue reading →

A.M. Look 4/26/11

Posted on 04/26/2011

The levels of interest today are the old high in the S&P of 1337.50 off a continuation chart. We traded there this a.m. and it is important to monitor for a potential double top. 109.50 CAT is a level that … Continue reading →

A.M. Look 4/15/11

Posted on 04/15/2011

Yesterday we bought DIG,OXY, and GDXJ ( Junior Miners). Later today we will write some OCO orders ( One cancels the other) in these instruments. One side will be a stop the other a profit level. The big macro levels … Continue reading →

A.M. Look 4/14/11

Posted on 04/14/2011

More one way bets are being taken off. I would look for at least another figure in EUR/JPY, 118.50 level seems the first good sticking point. We still want to put the cross on around 117 ( long Euro/Short Yen) … Continue reading →

REE…Rare Earths

Posted on 04/13/2011

This Etf has been a great risk barometer. 16.40, today’s high, was a re-test of the outside reversal low daily close that took this instrument to the 9.50’s matching the 1240’s in the Spu. 16.40 was also our trailing closing … Continue reading →

A.M. Look 4/8/11

Posted on 04/08/2011

I am sure the mid-week shuffle twisted a lot of heads yesterday. The 30 yr Bond short was the cheapest way to be long the stocks. Long Spu/Short bonds anyone? The stock trade still has massive sector rotation, meaning it all comes down … Continue reading →

SPU/BONDS

Posted on 04/06/2011

Let’s be patient and wait this out for a while.. The Bonds have to close below 119.22 on the 30 yr. and the Nasd and QQQ need to confirm the up with the closes mentioned this a.m. In short the … Continue reading →

Tag Archives: S&P 500