Thursday, September 30, 2010
Wednesday, September 29, 2010
CHOP CHOP CHOP
Karl sure has a way with words...his latest missive:
When the market starts to act like this - when there's this "invisible hand" that magically levitates things, when people resort to disseminating outright liesabout the market or specific companies and do so to counteract actual bad news that would otherwise result in moves down, it is a sign of desperation - there are people with money and power who are on the wrong side of the bet and they are willing to deceive you and rip you off outright to avoid being the one with the bag.
Read more here.
And one more chart for today:
When the market starts to act like this - when there's this "invisible hand" that magically levitates things, when people resort to disseminating outright liesabout the market or specific companies and do so to counteract actual bad news that would otherwise result in moves down, it is a sign of desperation - there are people with money and power who are on the wrong side of the bet and they are willing to deceive you and rip you off outright to avoid being the one with the bag.
Read more here.
And one more chart for today:
Tuesday, September 28, 2010
Friday, September 24, 2010
Nasdaq
Picking on the Nasdaq this AM as it is the market leader. I'm positioned with a few shorts and some Vix. Suppose I'm trying to be cute and pick a top..as there could be one more push up, but I'm willing to wait for a correction or something more given the evidence. Stops are right above that green box.
Thursday, September 23, 2010
From the "War Games" files..
FFSAKES - what a WOPR of a story - maybe it's really PETA targeting the chicken and beef factories? ;)
From Zero Hedge:
"One of the most interesting stories in the last few days, has little to do with finance and economics (at least right now), but arguably very much to do with geopolitics. A fascinating report which cites computer security experts claims that the recent uber-cryptic malware worm Stuxnet is nothing less than a weapon designed to infiltrate industrial systems, and based on attack patterns, the ultimate object of Stuxnet may be none other than Iran's Busher nuclear reactor, which could be targetted for destruction without absolutely any military intervention. Has modern warfare just become obsolete courtesy of a computer virus?"
Read more here.
From Zero Hedge:
"One of the most interesting stories in the last few days, has little to do with finance and economics (at least right now), but arguably very much to do with geopolitics. A fascinating report which cites computer security experts claims that the recent uber-cryptic malware worm Stuxnet is nothing less than a weapon designed to infiltrate industrial systems, and based on attack patterns, the ultimate object of Stuxnet may be none other than Iran's Busher nuclear reactor, which could be targetted for destruction without absolutely any military intervention. Has modern warfare just become obsolete courtesy of a computer virus?"
Read more here.
Wednesday, September 22, 2010
20 Signs That The Economic Collapse Has Already Begun For One Out Of Every Seven Americans
20 Signs That The Economic Collapse Has Already Begun For One Out Of Every Seven Americans
"How anyone can look at those numbers and think that things are about to 'get better' absolutely boggles the mind.
It is time to wake up.
Things are not going to get better.
Things are only going to get worse.
The United States is rapidly becoming a nation where poverty is absolutely rampant.
As poverty continues to spread, crime will not be far behind."
It is time to wake up.
Things are not going to get better.
Things are only going to get worse.
The United States is rapidly becoming a nation where poverty is absolutely rampant.
As poverty continues to spread, crime will not be far behind."
Click the above link for the complete, depressing, list.
Tuesday, September 21, 2010
SPX - TNX Correlation
I was inspired to look at this via Karl's post tonight. Thought I should follow up and get an appreciation for it myself.
Note that there are times where false signals are given, which is to say that the Treasury Yield is actually signalling higher prices when in fact they fall.
Update: Mish has a similar post found here.
Monday, September 20, 2010
Charts
Haven't posted in a while, I've been watching, but too busy with other aspects of my life to comment. Here are some things that I am watching:
SPX - bit of a stretch perhaps:
Gold - definitely due for some form of pullback. The nature of which will determine how to proceed. Rally is looking strong, and weak at the same time. $1215 is the key level - this is gap support now.
Silver - this has been a very profitable trade for me, and I exited 50% of my positions on Friday. Things are hot enough that it could blast higher, but the ascent is quite steep and needs to consolidate / correct before another launch IMHO.
VIX - supports my SPX analysis with a E wave under throw:
TSX - Doink! We'll see how this goes.
SPX - bit of a stretch perhaps:
Gold - definitely due for some form of pullback. The nature of which will determine how to proceed. Rally is looking strong, and weak at the same time. $1215 is the key level - this is gap support now.
Silver - this has been a very profitable trade for me, and I exited 50% of my positions on Friday. Things are hot enough that it could blast higher, but the ascent is quite steep and needs to consolidate / correct before another launch IMHO.
VIX - supports my SPX analysis with a E wave under throw:
TSX - Doink! We'll see how this goes.
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