It’s not a good morning for the risk on crowd. We would have been much happier if we just sold the Euro as a hedge against our portfolio. Short Euro/Long Gold..has been working for a while. Short Euro/long anything seems … Continue reading
The CAT high matched the first interim high in the Equity indices today. Now IBM needs to hold in here. All new strength is needed over 190.50 for the Equity indices to remain buoyant, and start a leg up. If … Continue reading
97.95 is a level that should be monitored for general market tone today. This area shows a “daily” double top from the end of Oct. as well as matching up with the 200 day Mvg Avg.
Gold….We’re going to give this a full 20 dollars since we’re looking to make almost 400. I like that risk reward. The stop is under 1747 close in the futures….. app 169.85 in the GLD ETF. Silver…last night’s low needs … Continue reading
The Boom Boom man’s exit (Berlusconi) is certainly unsettling the markets. If this were the 70’s I’d be looking for the scotch tape to paste another sheet of graph paper to the bottom of my Italian 10 yr. Bond chart. … Continue reading