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[align=left]Please do not post comments until after the close of the market on March 4. Thanks.
On tap this week:
6 Economic Reportswith the most important being on March 11 (Trade Balance Report) - How muchflesh the Borg took from us last month. Estimate is for -56B.
This week for the market is kind of neutral. The pattern is a big sell off the first day of the week and the market to tease us the rest of the week. TRADING RANGE.
The week after (Mar14-18) is a great week on the historic front up 11 of last 14 years.
Upcoming treasury auctions:
Monday has 7 Day, 91 Day and 182 Day T-Bills. Amount has not been specified yet.
5 year on 9 March. No specified amount (normally 2/3 the trade balance shortage)
10 Year on 10 March. No specified amount (normally 1/3 the trade balance shortage).
Reason I included this data is: The foreign central banks have stated in the past three weeks they will not buy more U.S. debt. This will be interesting....at least to me. If they do not buy at the strike price that will mean interest rates will move up to entice them or Snow will take more money out of the TSP Fund to pay the trade balance debt (I am not pulling any punches today :shock
.
Charts. They really do not matter. This is the most important chart (it will trump all):
Dollar/Precious Metals: Oil goes precious metals normally go up and the U.S. dollar goes down. U.S. dollar has lost 34% in the last 24 months.
When you hear China will decouple their currency I would suggest you go on a great big shopping trip to BorgMart because the Yuan will go up 30% in a month. They have the strongest balance sheet in the world. Supply/demand applies here. So build a little cash reserve, if possible.
Have a great trading week.[/align]
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[align=left]Please do not post comments until after the close of the market on March 4. Thanks.
On tap this week:
6 Economic Reportswith the most important being on March 11 (Trade Balance Report) - How muchflesh the Borg took from us last month. Estimate is for -56B.
This week for the market is kind of neutral. The pattern is a big sell off the first day of the week and the market to tease us the rest of the week. TRADING RANGE.
The week after (Mar14-18) is a great week on the historic front up 11 of last 14 years.
Upcoming treasury auctions:
Monday has 7 Day, 91 Day and 182 Day T-Bills. Amount has not been specified yet.
5 year on 9 March. No specified amount (normally 2/3 the trade balance shortage)
10 Year on 10 March. No specified amount (normally 1/3 the trade balance shortage).
Reason I included this data is: The foreign central banks have stated in the past three weeks they will not buy more U.S. debt. This will be interesting....at least to me. If they do not buy at the strike price that will mean interest rates will move up to entice them or Snow will take more money out of the TSP Fund to pay the trade balance debt (I am not pulling any punches today :shock

Charts. They really do not matter. This is the most important chart (it will trump all):

Dollar/Precious Metals: Oil goes precious metals normally go up and the U.S. dollar goes down. U.S. dollar has lost 34% in the last 24 months.
When you hear China will decouple their currency I would suggest you go on a great big shopping trip to BorgMart because the Yuan will go up 30% in a month. They have the strongest balance sheet in the world. Supply/demand applies here. So build a little cash reserve, if possible.
Have a great trading week.[/align]
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