Gold & Silver…yesterday’s lows were great in both. Now we have to see if we hold those lows on the unemployment #( which have typically been the lows for the rest of the month). Moreover, the gold needs to close … Continue reading
I wrote the Bulk last night…. Obviously ETF Traders were hamstrung until this a.m. S&P 500…Today we’ll look for price rejection in the mid 1270’s the first time up. The pit 200 day is app 1283. A lot of good … Continue reading
It’s a risk off world. The major indices are in a tug of war with the DJI & Nasd seeing a relative safety bid ( they’re maintaining above their respective 200 day mvg avg’s) and the SPU,Russell and Midcap all failing. The big … Continue reading
129.09 is the 2/3rds fib on the short swing.. The bigger area is 129.15 ish ( this is where we sold the Bonds last fall for the trade down to 122)… The board is still showing Short stocks/Long Bonds…. The … Continue reading
We have added some more Risk to our portfolio. Depending on your time horizon, Day-Traders more than likely have no position, so trade from the side of the trend (Buy breaks in the stocks and sell rallies in the Bonds … Continue reading
The whole board is about being LONG Stocks/Short Bond Futures To that end, buy some TBT equal to the amount of Long Stock exposure you have. This way you have on the spread. This is a Risk On Trade.
125.00 30 yr. Futures should have your attention the rest of the day! This is a big downside pivot today. A violation and sustained price action under this level will have the Risk On crowd simply drooling from their mouths. … Continue reading
It’s tough to write a book when things are moving and the information is time sensitive. My long time clients do not need an explanation, just a heads up. This is the Long S&P 500 Futures vs. Short 30 year … Continue reading
They just got Europe to puke on their close….Do not press equity shorts.. The 30 year just rallied to 50% back on the year @ 125.. Pay attention! This is a perfect time to reverse this spread.
Per Langer’s A.M. matrix..1305 SPU & 12312-14 Sep 30 yr. (30% Fib retrace on the year) will be pivotal for the rest of the day. New strength in the S&P above 1305 and all new weakness below 123.12 is needed … Continue reading