Too Much Doom and Gloom?
Berkshire Hathaway’s $5 billion investment in BAC gave us a good pop but the resistance area from last week’s massive sell off, a surprise flash crash in Germany, and overbought reading...
Read MoreAuthor: Jeff Pietsch
Farewell Steve
The good news is that the bulls managed a second day of decent gains. Volume was lighter today while the SPY is eating into the huge gap on the chart from last week. The bulls are anticipating something positive from...
Read More08.24.11 – Wide Range Trade
A wide range trade identified by interweaving up and down volume nevertheless is offering net negative internals. There’s just no reason to get in front of those for the time...
Read MoreReviving the EUR/USD Straddle
As mentioned yesterday here’s a version of straddle that can profit from big volatility moves with little downside risk exposure — you may have to link to the original post to view the chart in full...
Read MoreBear Rally
We had a sharp bear market bounce today after spending 3 days trying to break out of the 112-115 range on the SPY. Buyers held firm again at the recent low. The move was big and breadth was strong, but volume was...
Read More08.23.11 – Trend Rebound
Perhaps shorts felt they were pushing their luck going into Jackson Hole with a little Middle-East tension ease and dollar confirmation to boot. [Graphic Fixed]
Read MoreTLT / GLD on Hold
On the heels of yesterday’s LONG TBT signal, today’s metrics (updated as of (9:30 am PST) show TLT and GLD essentially at a neutral, zero line situation. In real time both issues are down– GLD -2% and...
Read MoreIndecision before Jackson Hole
The bulls squandered a strong open and trended lower all day, even breadth finished negative. Gold and silver were the big winners once again. We certainly have lots of gloom and negativity, so it won’t take...
Read MoreGold/ Futures Divergence
Interesting divergence between S&P 500 futs and gold today: Interesting times. With the Swiss franc and Yen seemingly off limit due to the thread of central bank intervention, it looks like gold could cement its place...
Read MoreTBT / XLF Turn
Things have been a bit squirrely in bonds lately with noted market gurus variously calling TLT the “short of the century” or the “ultimate safe haven”. Although TLT has been resilient beyond...
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