This headline is not original but I could not find anything
more appropriate.
About 10 days back I shared a US $ chart by Chris Kimble.
Today he has an update:
Now let us see how far the Dollar goes. This is consistent with my call for major
correction in the equities in the coming days.
Today SPX dived down out of the gate but someone was trying
very hard to hold the line as you can see.
Will it hold on Monday?
The last chart of the day is from dshort.com which is self explanatory.
Normally the treasury yield and equities market have moved
in tandem but since the beginning of 2012, they have diverged. Is this a
temporary phenomenon? If not who will catch up? The red line will come up to
blue? With $ 16 trillion debt, can America afford to pay more interest? If not then the blue line has to come down to
the red. The thought itself is so fascinating!
The yield today is lower than it was at the height of the
financial crisis. Does the bond market know something which the equities are
not aware of? We will soon find out.
Thanks for reading http://bbfinance.blogspot.com/
. I need some stimulus from you guys and as Tim says, please click on to the
Ads. Have fun and enjoy the weekend.
I would like to say you hit the bird's eye yet again. Your performance speaks for itself and you should slowly start getting more users to your site. Patience!!
ReplyDeleteThanks
Raghu
Thanks:)
DeleteBB, thanks for your sharing. Now we see the reality.
ReplyDeleteJust a quick question, why AUD/NZD do not drop with Euro?
Someone said that those bears in Euro is closing their position before QE3 is coming with their target of 1.215, any comment ?
HAve a great weekend!
If the Euro bears were closing their short position, Euro would go up. But it fell. So disregard this rumour.
DeleteRegarding QE3. it is like an emergency kit. Break the glass in case of emergency. So far it has not come, but will come may be in Aug-Sept. if they manage to get SPX around 1200.
And AUD/ NZD deviations occur at market tops. Normally.
Have a great weekend as well.
Thanks for your quick reply. very clear!
DeleteSo can i say AUD will drop to hell so soon?
I normally do not play Forex. Too unpredictable. AUD will test parity but I do not know the timing.
DeleteUncanny timing BB.
ReplyDeleteLooks like 5-3-3 Stochastics has crossed and we have indeed started our descent. We were getting some nice positive divergence on the VIX yesterday so it was time to dip the toe in SPXU.
When will you have your portfolio back up? What short positions have you taken?
Thanks,
Mike
Thanks :)I will have to re-create the page so whenever I have free time.
DeleteGood work...right track...keep up!
ReplyDeleteIf a minority is in this blog so is a good one...the crowd
always wrong at wrong time on a wrong place!
WISH YOU A VERY SAFE JOURNEY & A SPEEDY RETURN BACK HOME.
ReplyDeleteI GREATLY VALUE YOUR ADVICE & WILL FEEL LOST WITHOUT IT.
PROGRESS IS SLOW AT THE BEGINNING, BUT ONCE POSITIVE WORD
REALLY SPREADS YOUR READERSHIP WILL DEFINITELY SKY ROCKET!
PEEKS
Thanks for all the encouraging words folks. Really appreciate.
ReplyDeleteGreat charts here but looking at the spx chart I do not see anything bearish so far, and I think selling now is too risky because predicting tops and bottoms is almost impossible. The market is still in an uptrend making higher highs and higher lows so why jump the gun... only an opinion
ReplyDeleteGood trading to all
L.S
Great work thank, I am amaze that traders are so sure of the uptrend. Worls is in flame only U.S index is up and why? Certainly not because of the booming economy of the U.S. the Bankster along with Ben the Helico have trumped the cards with liquidity there is no recovery wake up and smell the coffee. A major attitude adjustment is coming for the Yanks the faster the better as there sheer arrogance will be there downfall. They have been robing all with there ZIRP policy we are tired of paying the U.S bill thanks again for your excellent post.
ReplyDelete