Have we just established a new 80 point range for the SPU? Will we just rip back and forth in this one, every few days, with a lower low then becoming the new area for Bottom Feeders ?… “Bonds are … Continue reading
Those of you that have not played this swing down should put on a partial short via Long the SDS or Futures against today’s high.
The low in the Aussie today is a 50% move back on the short swing..meaning the measurement from the 2010 low. This trade has been the mirror image of the Spu, and in fact topped in July. The first area … Continue reading
You got the one rally to check the Qtrly closes. Short term traders should be selling every rally until proven wrong. That would be price action over today’s highs in both the NASDAQ, S&P 500 as well as the Euro. … Continue reading
One of the main features of last Qtr were the outside reversals in the dollar against the Singapore Dollar, Aussie, Canada and Brazilian Real. These chart patterns were a reflection of Global DE-leveraging or better known as the “Risk Off Trade”. … Continue reading
Yesterday had us go to a Risk On footing with a suggested Long portfolio. The low appears to have been put in Interest rates in Europe as well as the U.S. We are treating the Bunds and the U.S. 30 … Continue reading
The 30 yr. Bonds have a destiny with the low 141’s for a start. Think SPU/BONDS…Long stocks / Short Bonds.. Now you have to pick the stocks that are down the most and that have rallied back the least today. … Continue reading
Let the 30 Yr. Bonds be your guide. We have just come down to the macro pivot in the Bonds ( 143.10-14 level). Closing a few ticks under here would show more Equity strength and Bond weakness. A hold, and … Continue reading
The other shoe is dropping.They hit the ATM in the metals complex, now comes the High flying tech stocks. This is where every investor and hedge Fund manager has sought solace during these uncertain times. As you recall, Friday I … Continue reading
Looks like the Asian session got a little wild last night. Let things digest a bit before you start swinging today. Gold re-traced to the 200 day mvg. avg and held around 1535. Euro…new lows for this move with a big … Continue reading