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Showing Posts 16 - 22 out of 22 found.

US Dollar: Bull Market

US Dollar: Bull Market

     DXY fell 0.72% last week and closed at 98.01 (below the 13-dma) after printing an engulfing bearish candlestick on Friday.  14-day RSI was unable to stay above its 20-dma during the previous week’s rally and 3-day RSI remains below 80; bearish. Not surprisingly, DXY looks similar to the pattern in TNX – the interest rate on the ten-year treasury. The March/April (and now December) highs...

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Did The Fed Rate Hike Remove Uncertainty?

Did The Fed Rate Hike Remove Uncertainty?

If you believe that first move following the first Fed rate hike in nine years, then you believe the market was relieved exhaling.  In a perverse way, the market seemed to be applauding tightening of policy, which is counter to what we have seen for years.  Sure, the near zero interest rate policy (ZIRP) is still in effect, but the irrational behavior is quite remarkable.  While the overall...

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This Week Is All About The S&P 500

This Week Is All About The S&P 500

Now that the rate hike has been addressed there are crucial changes taking place within the S&P 500’s internal market structure. We’re seeing a major shift between the commercial and small speculator trading categories in positions as well as their degrees of certainty. We’ll dissect what this means in conjunction with the market’s declining open interest as prep for 2016. There’s a lot...

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An Alternative Fed Scenario

An Alternative Fed Scenario

Last week I mentioned that the very short end of the market, i.e. near Eurodollar contracts, were priced for the Fed to hike today.  In the grand scheme of things, a 25 bp move isn’t all that important, if considered in isolation.  It’s not as if all rates across the curve and products instantly rise by ¼%.  For example, the US ten year treasury has had a range of 85 bps this year without a...

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Investor Alert: Don't Lose Money In This Wall Street Scam

Investor Alert: Don't Lose Money In This Wall Street Scam

  Share buybacks just another Wall Street scam Better a diamond with a flaw than a pebble without one.~Chinese Proverb Wall Street has a new hobby use good money to create the illusion that all is well; only unlike most hobbies, the intent is to distort reality and reward lazy insiders for doing next to nothing.  Gone are the days of actually trying to improve the bottom line, by improving...

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Stop Listening To The "Experts:" Take Control Of Your Money

Stop Listening To The "Experts:" Take Control Of Your Money

In the republic of mediocrity, genius is dangerous. Robert Green Ingersoll Morgan Stanley surprised everyone or, at least, tried to by stating that it was no longer going to be easy to make money in the equity markets.  Let’s stop, right there; was it ever really easy. If it were everyone that jumped into the markets would be wealthy, instead the opposite is true.  Right of the bat, we can...

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Stack The Trading Odds In Your Favor

Stack The Trading Odds In Your Favor

As a professional trader and money manager, I’ve spent more than 20 years trying to stack the odds in my favor. It began as simply as reading the brokers’ bids and offers in the S&P 500 pit to determine whether the bid or the offer was the stronger side of the market. Moving off the floor in the late 90’s meant developing new tools to read a given market’s balance in order to once again...

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