Playing the I fund

[FUTURESTRADER]

Greg or 'greggy' had a good handle on when the FV would take place. It seemed it would come in pairs, 2 days the price would be within EFA +/- .5%, but if EFA finished outside that range then FV would be effective. Looks like his posts have been deleted.

 

[robo]

Dollar rallies on safe-haven buying
Markets await Federal Reserve chairman's testimony


By Wanfeng Zhou, MarketWatch
Last Update: 9:39 AM ET Jul 17, 2006




NEW YORK (MarketWatch) -- The dollar rallied to a three-month high versus the yen and almost three-week highs versus the euro, British pound and Swiss franc early Monday, continuing to benefit from safe-haven flows amid concerns over Middle Eastern tensions.

"As news out of the Middle East became increasingly grim the dollar gained strength, benefiting from continued flight to safety flows," said Boris Schlossberg, senior currency strategist at FXCM. "In an ever more uncertain geo-political climate, traders flocked to the comfort and liquidity of the currency from the sole remaining superpower in the world."

The dollar index, which tracks the U.S. currency against a handful of the world's major currencies, also rose to its highest level since June 23 at 86.99. It was last at 86.94.

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Is today the day to buy I fund? Looks like we will be down for the 5th day in a row. One of these days, (maybe tomorrow??) the news will shift just a little and the I fund will snap up like a coiled spring. IS TODAY THE DAY TO BUY???

The I Fund is do a Pop, but the dollar could remain strong due to the Middle East conflict... The Dollar is now Bullish and might not give us much help short-term in the I Fund... How much the dollar rallies will depend on this " Flight to Quality/Safety," during this Middle East conflict...

Good chance not much help from the dollar for awhile... However, One Never knows for sure, but I'm getting alerts to go long on the dollar.

We shall see...

 

[fabijo]

18.18 today?

 

[Gilligan]

18.18 today?

Thats what I figure, its still above the June 13th price of $17.73

I dont expect a FV today.

 

[fabijo]

Thats what I figure, its still above the June 13th price of $17.73

I dont expect a FV today.

Let's hope we see some cushion tomorrow. Otherwise, I'm not sure where the support is at. Looking at the Slow Stochastics, I fund is oversold. I'll be checking Asian and Australian stocks tonight. Not that I'll jump out of the I fund now, but just so I can either sleep well or with nightmares of freefalling rollercoasters.

 

[ebbnflow]

It was 18.38, and down to 18.27 for the I Fund for today. Picked the right time to enter equity stocks, but unfortunately only the C and S Fund went up. Staying the rest of the week on the I Fund, though. We only need one good catalyst to start the snowball effect upwards. :blink:

 

[Gilligan]

I dont expect a FV today.

Sure as I said that and then we get a 9 to 10 cent FV.

 

[Birchtree]

This I fund surley has taken a pounding down at least $1.22 since 7/10. I wish I had the courage to take opportunity - but alas I'm like an oinker stuck in the mud of the C. My wife has courage though - the time seems to be right.

 

[ebbnflow]

This I fund surley has taken a pounding down at least $1.22 since 7/10. I wish I had the courage to take opportunity - but alas I'm like an oinker stuck in the mud of the C. My wife has courage though - the time seems to be right.

I was able to do a little bit of damage control (.42 cents worth from Friday and Monday when I switched to the F Fund), but with the oil price drop, Nikkei should pick up steam. It should be the I Fund's turn to rally tomorrow.

 

[JOVARN]

It was 18.38, and down to 18.27 for the I Fund for today. Picked the right time to enter equity stocks, but unfortunately only the C and S Fund went up. Staying the rest of the week on the I Fund, though. We only need one good catalyst to start the snowball effect upwards. :blink:

Hollywood Ben speaks tomorrow, hope that's the catalyst that gets things going. As I have taken a beating in the I fund a nice Dollar drop would be nice.

 

[ebbnflow]

Hollywood Ben speaks tomorrow, hope that's the catalyst that gets things going. As I have taken a beating in the I fund a nice Dollar drop would be nice.

Here's hoping that Bennie Boy takes a cue from Birchtree's mojo: be right and sit tight. :cheesy:

 

[robo]

Here's hoping that Bennie Boy takes a cue from Birchtree's mojo: be right and sit tight. :cheesy:

Market Mover? Maybe... The I Fund will get some nice gains if the below listed comments happen...

For currency markets, the following questions stand at the top of traders' priorities:

To what extent will Bernanke balance the risks of further increases in oil prices, and accentuate the moderation in US economic growth?

More specifically for FX, the dollar's upside prospects will be dissected across the treasury-bound safe haven flows on one side, and the dollar's high cost of carry as well as prospects for an August hike on the other side.

Despite the dollar's considerable cost of carry, we should not undermine the role of the market reaction in the event the Fed signals an August pause. Recall how the discreet downgrade in economic assessment of the June 29 FOMC statement dragged down the dollar by over 2% vs. the euro and the yen in less than 3 days. A similar downgrade in Bernanke's testimony and the Fed's economic projections could trigger fresh dollar selling, especially given future rate hikes by the European Central Bank, Bank of England, Bank of Japan and Reserve Bank of Australia.


http://www.safehaven.com/article-5566.htm

 

[FundSurfer]

US markets heading sharply higher this morning. Dollar has dropped sharply in the last hour. It the tend follows, we'll get a nice follow bounce tommorrow in the I-fund. There may be an FV tonight to account for this after foriegn market close move. A high risk/high reward move would be to go 100% I for tommorrow. Got Cohonnes? (Excuse me while I check my shorts....)

 

[ebbnflow]

Dollar is in a free fall vs. euro and yen after spinmeister Ben Barnacle read from his prepared statement to Congress.

 

[frokker]

Hopefully this is the coiled spring action we've been waiting for!

 

[airlift]

US markets heading sharply higher this morning. Dollar has dropped sharply in the last hour. It the tend follows, we'll get a nice follow bounce tommorrow in the I-fund. There may be an FV tonight to account for this after foriegn market close move. A high risk/high reward move would be to go 100% I for tommorrow. Got Cohonnes? (Excuse me while I check my shorts....)

I went for boom or bust 100%.

 

[Gilligan]

AORD -0.41
Nikkei 300 +0.08
DAX +2.64
CAC +2.39
FTSE +1.69

Looks like everyone except Australia is positive. With the falling dollar and a nice size FV we could have a +50 cent day.

 

[Wheels]

AORD -0.41
Nikkei 300 +0.08
DAX +2.64
CAC +2.39
FTSE +1.69

Looks like everyone except Australia is positive. With the falling dollar and a nice size FV we could have a +50 cent day.

I'm not sure I'd be expecting an FV today. So far all the action has been BEFORE Europe's close. FV's are usually triggered by action AFTER noon. And remember they need to correct yesterday's FV so they still need to knock the price down by about ten cents. It seems like somebody different is calling for an FV everyday on this board. Try to remember they are the exception and not the norm. (Of course, now that I've said that, it pretty much insures that there will be another one today)

Dave
<><

 

[JOVARN]

Dollar is in a free fall vs. euro and yen after spinmeister Ben Barnacle read from his prepared statement to Congress.

YES!!!!!!!!!!!!!!!!!!!!!!!

 

[Gilligan]

I'm not sure I'd be expecting an FV today. So far all the action has been BEFORE Europe's close. FV's are usually triggered by action AFTER noon. And remember they need to correct yesterday's FV so they still need to knock the price down by about ten cents. It seems like somebody different is calling for an FV everyday on this board. Try to remember they are the exception and not the norm. (Of course, now that I've said that, it pretty much insures that there will be another one today)

Dave
<><

I hope that your not misunderstanding me, I’m not calling for a 50 cent FV. Only that with taking everything into consideration, my opinion is that the I fund could gain 50 cents today and end up somewhere around $18.77