Some traders tell me they can do anything so I should not feel bound by asset class. Here goes. After a multi-month rally in the anchors of the British Pound, I finally got somewhat of a reversal. One anchor flipped down and the...
Read MoreTwo days ago we had a nice divergence between the Bund market and the CGB’s. Bunds are cheap and have bullish anchors: Canadian bonds are extremely rich and their anchor trends are ambiguous: I recommended this trade on...
Read MoreThe recent selloff in U.S. Bonds has made them comparatively cheap at each end of the curve. The five year note has been the most interesting to trade from the long side. The hard part has been finding a good (bond) market too...
Read MoreThe Fed announcement today was a great help to the short end of the yield curve but did next to nothing for the long end. Even before the statements, 30’s had been under-performing. Now they look super cheap: Yes I am...
Read MoreAs most followers know I test the master/slave approach by applying an algorithmic system and looking at the performance results for varying input levels (and different anchors). The final system often generates additional entry...
Read MoreOn August 27 I recommended buying the Australian dollar vs. the Canadian dollar. It didn’t turn out so well. Although I have not had many losers, this one prompted me to examine the trade in greater detail. As I’ve...
Read MoreThe Australian dollar is really trading badly. It has been sinking verses everything for over two weeks and so has shown up as cheap on my chart since August 17. Here’s how it looks vs. the Canadian dollar: This is very...
Read MoreEven though the anchor trends for both the UK gilt market and the Canadian 10 year bond market are negative, a good relative value trade has appeared. Gilts had a bad day yesterday for whatever reason [the reason doesn’t...
Read MoreThere is no tradable liquid contract for VIX but because it so reliably moves in the opposite direction to the price of the S&P contract – I track it. I even have an indicator that forecasts it pretty well. This chart...
Read MoreIn the meantime I switched my short from the US 30 yr to the US 10 year contract because 30’s got cheap but the spectacularly cheap Bund market begged me to stay long. Here’s how it turned...
Read More
