- As discussed today we will only stick around until around noon and stop any trading activity at 11:30 AM ET.
- Please revert to the previous post on the French bond yields
- The news keeps getting worse, which on the margin makes us bullish for a trade
- Poor German Bund auction…yields are up all over Europe…bazooka is needed asap
- China slowing…we pointed this out two days ago by showing the inverted Australia yield curve…that was before the HSBC survey came out today
- Bucket 2 long idea: YUM, above $56
- Bucket 2 short idea: JACK, right here,.,..may even be today's business…we will keep you posted and add a blog entry with the charts
- More support got broken on most equity indices yesterday .
- The S&P 500 has next serious support at the 61.8% retracement level, around 1158 or so (see chart below)
- Stocks are down 5 days in a row now…last time was July….increasing the odds of a little relief bounce very soon…
