Archive for the ‘General Commentary’ Category
Sunday, February 24th, 2008
Part 3 in the SPY Symmetrical Triangle series. It looked like the market was going to close down fairly substantially on Friday, until the news of a possible bond insurer bailout resulted in a rip roaring rally into the close. As a result, SPY is STILL trading inside of the ...
Posted in General Commentary, Indices | 1 Comment »
Thursday, February 21st, 2008
This is part of my previous post, commenting on the SPY symmetrical triangle setup. As one commenter duly noted, there hasn't been any really significant volume to confirm the direction going one way or another.
As you can see in the chart above (as of yesterdays close) SPY temporarily breached the ...
Posted in General Commentary, Indices | 1 Comment »
Wednesday, February 20th, 2008
From TheOilDrum.com
The price for West Texas Intermediate (WTI) oil closed above $100 for the first time on February 19, 2008. "Rising oil prices have been giving a clear signal of pending shortages for over five years now," according to TheOilDrum.com. By ignoring this signal, world leaders are steering the world ...
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Wednesday, February 20th, 2008
Excerpt from “Waves of 2008″ written by our Chief Research Strategist Anthony Tsung.
Feed Grains--Corn:
• Ample supplies together with a continued lack of competition and firm demand overall, have boosted U.S. corn export prospects to a record 62.0 million. The record was reached in 1979/80 with 61.8 million.
• In China, strong ...
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Tuesday, February 19th, 2008
Who would have thought, more writedowns? Who knew!
This shouldn't come as a surprise to those familiar with the credit situation of late. Looks like the Big Boys on the Street may be ready for Round 2 this quarter, writing down north of $200 Billion in losses within the commercial mortgage-backed ...
Posted in General Commentary, Indices | 1 Comment »
Thursday, January 24th, 2008
With the recent downturn in the market for yet another session, it’s looking like the SPY is going to pierce the lower breakeven price at 137.59. According to our rules, we have a standing conditional order for the autotraded positions to close the position out at the market if the ...
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Thursday, January 24th, 2008
As we wait for the market to enter into a prime entry zone for our January trade, I thought that I would reflect on the market conditions of late. As far as the first trading day of 2008, it was a complete downer to the tune of 220 points to ...
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Thursday, January 24th, 2008
Our November SPY Iron Condor was filled at a debit of $0.47 to flatten our position. This is a $0.12 loss from our original fill at $0.35, resulting in a loss of 7.2%. Given this extremely volatile market, we're glad to flatten out at a very small loss without increasing ...
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Thursday, January 24th, 2008
Just as I was writing this commentary for the October SPX and SPY trade, the news came across my wire that European Central Bank governing council member Axel Weber said the bank may need to raise interest rates to a level that restricts economic growth to keep inflation under control. ...
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Thursday, January 24th, 2008
We have decided to switch over to WordPress as our previous blog over at Bullpoo was not cutting it. Subscribers have requested an RSS feed which Bullpoo did not offer. This will now be our permanent blog home. Stay tuned for our next entry.SHARETHIS.addEntry({ title: "Welcome to our new Index ...
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