Euro has bounced enough up to its 20day average for my liking. Munis are putting in a pause day along with most bonds although some are down. LQD looks like its about to fall off a cliff. Let’s see if Dow and SP can put in that hook pattern that Atilla likes so much.
I’d like to enter some puts but I saw on the 7th and 8th of December they are adding up to 13 Billion (back to back) on those 2 days.
The POMO has a shorter time frame of (2.5 years to 4 years) and (4 to 5.5 years) respectively not sure if that matters.
It’s possible that will send us up to 11,600.
Further dollar weakening? I am not sure, the dollar index could be going towards another leg down. I did buy January 2011 23.00 puts on UUP a few days ago at 0.29. Currently at 0.41. But be careful, it could go either way.
The safest upside seems to be SLW, SLV, GLD and other precious metal stocks.
It will be interesting to see if they put in a double top today, or continue to hover just a few points below it. It’s sets the stage up for a gap over it on Monday, to create another short squeeze with all those over stops located there.
Or, will they reverse hard and gap it down on Monday, not allowing the bears waiting at the double top to get a short position for another leg down? Could go either way…
I have short sell signals on the indexes, going into Mon…Looks like Monday is down, if not Mon., then Tuesday. real good long signals on SKF and VIX longs
The worst thing about Unemployment is cutting the benefits. Always fuck (pardon my french) the poor over in an instant. Not that I’ve ever got unemployment but it does concern me. I’ve noticed employers wanna hire you on as an, “independent contractor” so they don’t have to pay you benefits.
🙂 Gangsta 🙂 Red
Euro has bounced enough up to its 20day average for my liking. Munis are putting in a pause day along with most bonds although some are down. LQD looks like its about to fall off a cliff. Let’s see if Dow and SP can put in that hook pattern that Atilla likes so much.
I’d like to enter some puts but I saw on the 7th and 8th of December they are adding up to 13 Billion (back to back) on those 2 days.
The POMO has a shorter time frame of (2.5 years to 4 years) and (4 to 5.5 years) respectively not sure if that matters.
It’s possible that will send us up to 11,600.
Further dollar weakening? I am not sure, the dollar index could be going towards another leg down. I did buy January 2011 23.00 puts on UUP a few days ago at 0.29. Currently at 0.41. But be careful, it could go either way.
The safest upside seems to be SLW, SLV, GLD and other precious metal stocks.
It will be interesting to see if they put in a double top today, or continue to hover just a few points below it. It’s sets the stage up for a gap over it on Monday, to create another short squeeze with all those over stops located there.
Or, will they reverse hard and gap it down on Monday, not allowing the bears waiting at the double top to get a short position for another leg down? Could go either way…
A 5 million man march on Washington, ( eliminate independent contract hiring, slavery) is over due..
I have short sell signals on the indexes, going into Mon…Looks like Monday is down, if not Mon., then Tuesday. real good long signals on SKF and VIX longs
US Dollar Index
http://niftychartsandpatterns.blogspot.com/2010/12/us-dollar-near-support-level.html
Dollar falling Hard:
http://www.bloomberg.com/apps/quote?ticker=DXY:IND
Silver about to test previous resistance levels.
The worst thing about Unemployment is cutting the benefits. Always fuck (pardon my french) the poor over in an instant. Not that I’ve ever got unemployment but it does concern me. I’ve noticed employers wanna hire you on as an, “independent contractor” so they don’t have to pay you benefits.
SPX Support and Resistance lines
http://niftychartsandpatterns.blogspot.com/2010/12/s-500-support-and-resistance-lines.html
Today is about as exciting as watching the President speak (snoring here).