Steady Trader Market Outlook & Strategies Webinar
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Please remember this chart of French 10 year yields
equities are near-term oversold news headlines are aweful …and french 10 year bond yields are at an important trend line all of which leads me to think we need a little relief bounce here before resuming the said direction timeframe you ask? it all depends on the politicians, which is why i am keeping my […]
Large gap above very much unfilled…
The large gap on the S&P 500 futures (same on the S&P 500 itself) from yesterday looms above. It's hard to imagine the entire thing fills today but watch it as a reference level please.
Closing down for the week…Wednesday as of Noon
folks, tomorrow (wednesday) we will shut down operations for the week around noon….we may send out a quick note on friday but other than that it's just too risky to do anything on the trading front wednesday afternoon and friday morning …with exception of a possible bucket 1 gap trade Friday morning equities close at […]
Morning Thoughts Nov 22
Because it's all about French bond yields this morning here's a chart of the French 10 year bond yield. You can see the trendline in place…so after some further consolidation here it might be possible for yields to break higher (prices lower). That would likely come with a deepening of the crisis in Europe. Here's […]
Strategies & Market Outlook Webinar
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Bucket 2: Bought a very small position in SPY
stocks finished well off the lows but still a weak day overall. GS and AAPL lifted well off the lows and we have reached some decent support levels on the broader indices: On the SPX that support level was 1183, which coincided with the 50% retracement of the move off the October lows. We bought […]
Bucket 3: Considering Short Position in USO
See the weekly chart of the USO etf (our proxy for oil). Note the multi-year support zone between $30 and $31. Given the low growth slowdown we are seeing signs from in the interest rates world it is hard to imagine oil continuing its ramp higher… The yield on the 30 year U.S. Treasury […]
Australia Yield Curve Inverted…signals weak growth
Australia's yield curve is inverted, which in the bond world speaks to weak growth. The Aussie curve is also a proxy for China…so it signals weak growth going forward for China.
Morning Thoughts November 21
Note the key levels on all the charts (accross asset classes) below. Our game plan is as follows: Should we close well below all these support levels we would then expect a relief bounce that we would short. If we bounce today and don't close below those support zones we will have to measure the […]