350zCommtech's Account Talk

My charts says to stay in.

$TRAN breaking through the 20dma = bullish.

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$DAX is also breaking through the 20dma = bullish.

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The Euro is making some kind of a bottom. Might just be short term as the PIIGS full of debt. But for now, the Euro is oversold and will try to rise. If it does, lookout above(for the I fund).

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350,

I see you went 100% into the I-Fund yesterday. Do you think the markets are fixing to take off? If the dollar gets weaker then the markets should run?

Thanks,

Steve
 
350,

I see you went 100% into the I-Fund yesterday. Do you think the markets are fixing to take off? If the dollar gets weaker then the markets should run?

Thanks,

Steve

Yes. The key is the Euro. If it just goes sideways, working off oversold levels, then I would have bail. We should know for sure in a 3-4 days.
 
Yes. The key is the Euro. If it just goes sideways, working off oversold levels, then I would have bail. We should know for sure in a 3-4 days.

$tnx intraday has been moving in tadem w/ the markets since the recent bottom. More a treasury carriage then a $/Euro manipulaiton, maybe? What's your take?

http://finance.yahoo.com/q/ta?s=^TNX+Basic+Tech.+Analysis&t=5d

The power of Fed/Treasury leverage?
http://finance.yahoo.com/q/ta?t=5d&s=^TNX&l=on&z=m&q=l&c=^gspc
 
$tnx intraday has been moving in tadem w/ the markets since the recent bottom. More a treasury carriage then a $/Euro manipulaiton, maybe? What's your take?

http://finance.yahoo.com/q/ta?s=^TNX+Basic+Tech.+Analysis&t=5dThe power of Fed/Treasury leverage?
http://finance.yahoo.com/q/ta?t=5d&s=^TNX&l=on&z=m&q=l&c=^gspc

$TNX was way oversold just like the market. Not seeing any manipulation here, at the moment. Just normal market movements. Take the Euro for example, many are still doubting the EU/IMF bailout, wondering where the money will come from. My guess is the printing press.:D
 
$TNX was way oversold just like the market. Not seeing any manipulation here, at the moment. Just normal market movements. Take the Euro for example, many are still doubting the EU/IMF bailout, wondering where the money will come from. My guess is the printing press.:D
I'm long on Euro right now for hedging. I C 1.28 a resistent level for it......:nuts:
 
The dollar and gold moving in conjunction is disturbing.
It's been doing that for over a week, I like it! I think the Dollar may be retaking it's rightful place as the World Reserve Currency again, due to the EURO falling like a rock!!:cool:
 
It's been doing that for over a week, I like it! I think the Dollar may be retaking it's rightful place as the World Reserve Currency again, due to the EURO falling like a rock!!:cool:

... more like a case of which one is less bad! :)

I'm seeing funny moves (like that late day bifurcation on Friday, and yesterday's late day mini-pullback) in the $TNX which is making me think there's something deeper. Instead of a currency carriage trade, that leads to a run in commodities (inflation), these central banks have realized treasury carriages are less likely to hyper inflate, make people buy equities, etc.

Can't go on forever though!
 
It's been doing that for over a week, I like it! I think the Dollar may be retaking it's rightful place as the World Reserve Currency again, due to the EURO falling like a rock!!:cool:

I think it's a precursor to a Fed rate hike.
 
The Fed chairman speaks tomorrow with the Philly Fed at 12:30

If it doesn't happen tomorrow (doubt it)... it won't happen until after Nov elections. Would you tank the momentum if you were the puppet master? just my opinion and throwing WAGs out.
 
If it doesn't happen tomorrow (doubt it)... it won't happen until after Nov elections. Would you tank the momentum if you were the puppet master? just my opinion and throwing WAGs out.

I'm just saying if it does happen the I-fund would be the place to be invested.
 
The way this market is holding together (barely) if there is so much as a hint that rates will go up the market will tank HUGE!!
 
The way this market is holding together (barely) if there is so much as a hint that rates will go up the market will tank HUGE!!

Initially the shock would cause a drop in equities. While also causing the dollar to fall setting up a very good opportunity for the I-fund.
 
I agree with fedgolfer. No interest hike for a while. The economy hasn't really recovered. It's been all lies. Just look at state sales tax collection.

Look at Japan, they've been at practically 0% for what? 2 decades?
 
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