Posts Tagged ‘ USDX ’

Momentum Book Update

Rough market.  Staying small and extremely agile continues to be of utmost importance.  It’s been almost three full months since more than 25% of my capital was allocated on either side of this market.  In that time I’ve lost about 1% of absolute return.  For a market down more than 15% from the top, I’ll [ READ MORE ]

Making a Call On the US Dollar

This week I began to explore the idea that the US Dollar $USDX may be topping out on a short term basis.  After surging to new highs last Friday, the dollar gave it all back and proceeded to chop around this past week.  Remember, we are still trading above rising 20, 50, and 200 day [ READ MORE ]

Frying In A Hot Vat of Tech

It was very obvious yesterday morning that we were overbought, the sentiment was too bullish, and some pain needed to be felt.  I said as much on Sunday night, I told you all that I didn’t like the fact that I was skipping over lower beta names out of fear of a melt up.  EVERY [ READ MORE ]

SPY / USDX Correlation

An excellent chart was posted by @VPgradient today which looks at a running correlation between the US Dollar and SPY.  I did a little writeup on the Chart.ly Blog about it, I highly encourage you to take a look.  We are seeing a shift in the correlation, and you better be aware because the trend [ READ MORE ]

Goldman Sachs and Finnies Steamrolling the Market

It was pretty obvious how these past few weeks were going to play out.  Tech is a little tired, there are a few weak sectors, materials are flying again due to a halt in the $USDX rally, but it’s the financials that are leading this market higher.  After spending almost 6 months in a coma, [ READ MORE ]

The Gold Trade

http://leighdrogen.com/files/2009/12/longgold[ READ MORE ]

Emerging Markets Into 2010

As we approach the close of 2009, it’s hard not to laugh at what’s taken place in emerging markets this year.  After a complete flight from risk in 2008 which saw investors run for the hills (treasuries and the US Dollar), we’ve seen money pour back into emerging markets at a rate hard to comprehend. [ READ MORE ]

A Technical Cross Roads

I find it interesting how technical patterns often come to a point of resolution as major fundamental news is released.  This is true for assets across the board.  Tomorrow’s FOMC announcement once again comes as we are at a cross roads in several different assets.  Tomorrow’s announcement will kick off the next leg in several markets, [ READ MORE ]

Weekend Reading

Oh what a week it was in the news, the market on the other hand, ehhh.  We continue to trade in a range between 1113 and 1086 on the S&P 500, now back above the 5 day moving average at the close today.  What’s nice with the chop though is that issues are moving independent [ READ MORE ]

Back to the Bottom (of the range)

I’ve been warning you for a few weeks now that momentum in the market has stalled out.  Many weekly time frames were looking ripe for a pull back if not a complete end to the rally, see $AAPL.  Market leaders have been slowing getting picked off, one by one, like apples from a tree.  Traders [ READ MORE ]

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