When will the next tradable move come?
much of the next move in equities and risk assets in general depends on the outcome on thursday with the ECB rate decision and the announcement on Friday by Merkel and Sarkozy until then this tape will likely chop around and give false signals all over the place…stay out of it please a chart worth […]
Another Indicator For Weak Growth:
Referring back to the previous post on FRO, note that `forward freight agreements, traded by brokers and used to bet on future transport costs, are anticipating unprofitable charter rates for at least two more years.` Translated that simply means lower global demand for goods and hence services… Take that and combine it with all the […]
Bucket 3 Trade Idea: FRO
The company operates a fleet of large container ships The stock slumped big this year as prices for container transport dropped and the firm subsequently ran into a cash crunch Yesterday and this morning the stock made gigantic leaps due to a restructuring announcement that essentially takes a bankrupcy in the medium term off the […]
Portfolio Holdings Tuesday Dec 6
No changes from yesterday. See yesterday's portfolio holdings here: http://steadytrader.wpengine.com/portfolio-holdings-monday-dec-5/
Morning Thoughts Dec 6
A choppy session yesterday looks to continue today. We remain in an environment where anything but quick intraday scalping doesn't work…so we choose to remain in cash by 90-95% and wait for better setups. Politicians remain holding the wild cards and the tape will continue to react to each new development on that front. The […]