Archive for September, 2009

Chop Fest: Postmarket Update

I’m seeing so many people out there try and pick direction right now and they are all getting chopped up.  The market is consolidating its gains over time as opposed to price, that is the most important thing you need to know.  We continue to find support above 104 on the SPY which represents a [ READ MORE ]

Rafa 500: Postmarket Update 9/29/09

Bearish setups in the energy and material sectors are beginning to show.  I’m long $CF, but I’ll look to get short $MOS below 48.15 or $POT below 85.50.  $CCJ also looks like it could could see 22.50 in a hurry if it breaks 25.40.  Equities within the energy sector still look strong, $XLE and $OIH components are a [ READ MORE ]

Atone For Your Shorts: Postmarket Update 9/28/09

I woke up to watch the market open this morning, and after spending the day throwing stones in the ocean and sitting through synagogue, I watched the close.  I’m not a religious Jew, but at least once a year on Yom Kippur I try and sit through synagogue, not do work, and think about whatever you’re [ READ MORE ]

Weekend Reading 9/27/09

Leaders from all over the world stepped up to the podium at the United Nations this week, lied to us, lied to themselves, and lied to their own people.  As a realist, the United Nations is possibly the biggest crock of shit I can think of, it represents everything, well almost everything, that doesn’t work [ READ MORE ]

All Hail the Queen: Postmarket Update 9/24/09

I had a busy day, so I’ll try and keep it short and to the point tonight. I sold short the British Pound via FXB as the market opened this morning.  I have been drooling over this trade for quite some time now, you are probably getting sick of hearing about it.  Not only do [ READ MORE ]

Weaksauce: Postmarket Update 9/23/09

An afternoon rollover, uhhhh, I’m not sure I even know what that looks like anymore. We certainly got it today as the boys over at 85 Broad never fired up the battle bots with the expected volatility after the Fed rate decision (if you really must call it a decision). There is no way in [ READ MORE ]

Late Night Humor

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The Battle at VWAP: Postmarket Update 9/22/09

I turned on the computer this morning to see the dollar once again getting murdered, what’s new.  @howardlindzon made a joke last night that we may have to change the $ sign on StockTwits to some other symbol if the dollar keeps getting stomped on, and then asked for suggestions.  I gave a simple ($). [ READ MORE ]

Dollar Has the Wheel: Postmarket Update 9/21/09

The dollar is in full control of this market if you haven’t noticed, well, maybe not full control, the Goldman Sachs battle bots in the algo machine room at 85 broad are having their say as well.  The bulls are taking a little rest here as the dollar attempts to stave off being sent to [ READ MORE ]

The Bear Case in Copper: Premarket Take 9/21/09

I’ve been bullish for quite some time now, frankly i’ll chalk that up more to being lucky than good.  The only way to trade this market right now is to put blinders on and pay zero attention to the fundamentals.  That doesn’t mean though that you shouldn’t be paying attention to important correlations in that [ READ MORE ]

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