Macro Month in Review/Preview August-September 2011
Last month in this space my Monthly Macro Review/Preview suggested that the monthly charts had shifted to showing Gold ready to move higher in the coming months along with US Treasuries while Crude Oil...
View ArticleA Shrink, Tweezers Top and Topping Tails
The release of the Non-Farm Payroll information comes Friday morning and everyone expects it to be an ugly report. But how do you game that information? If everyone is expecting a near zero number...
View ArticleSPY Trends and Influencers September 4, 2011
Last week’s review of the macro market indicators looked like the unofficial last week of Summer would bring Gold ($GLD) to bounce around in its uptrend while Crude Oil ($USO) slowed at resistance and...
View ArticleBe Very Scared About the Move Lower in German Stocks
I know what you are thinking. Why do I care about Germany or Europe at all. Maybe some economist can make a link somehow with the trade between the countries and currency strength to show some long...
View ArticleLooking for Correlation that doesn’t Equal One
I had another quick chat with Matt Davio (@MissTrade on twitter) today about baseball, college football, the current trend and high correlations between markets, Gold ($GLD) and Treasuries ($TLT), an...
View ArticleMacro Week in Review/Preview September 10, 2011
Last week’s review of the macro market indicators looked like the moves that revealed themselves the previous Friday would continue. Gold and US Treasuries were ready to continue higher. Crude Oil...
View ArticleSPY Trends and Influencers September 11, 2011
Last week’s review of the macro market indicators looked like the moves that revealed themselves the previous Friday would continue. Gold ($GLD) and US Treasuries ($TLT) were ready to continue higher....
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Copper Says the Markets Still Suck….Everywhere
Many use Copper as a tell on the future direction of the market. So what does Copper say about the current market? Using the iPath Dow Jones-UBS Copper Subindex Total Return ETN, $JJC, it is not a...
View ArticleGood Thing the European Crisis is Over
I have been reading in the press and hearing on the television that the market has fully priced in a Greek Debt default. I have to say that it was so much easier to sleep last night knowing this. Why...
View ArticleCopper 3 x 3
I had so many comments and e-mails from my post last week about Copper ($HG_F) as an economic tell (link below) that I feel it is important to clarify them with a discussion of Copper itself. Copper...
View ArticleCommodities May be Forecasting Lower Inflation
Inflation expectations impact Commodities. After recent runs higher some of these high flying commodities have been getting hit a bit lately. Some of this would be expected with the run up in US...
View ArticleSPY Trends and Influencers – September 18, 2011
Last week’s review of the macro market indicators looked for the week to be positive for US Treasuries ($TLT) and the US Dollar Index ($UUP). Gold ($GLD) looked biased higher and Crude Oil ($USO)...
View ArticleGold and Treasuries Near a Trigger
Gold has a technical relationship with many other market segments. Looking at its relationship with US Treasuries it s now at a critical juncture. Below is a ratio chart of the SPDR Gold Trust ($GLD)...
View ArticleIt is the Season for Debate: Heating Oil vs Natural Gas
The first frost is just around the corner and with that a long Winter season with lots of snow and ice, and cold temperatures, unless you are smart enough to live in the South or California. In the...
View ArticleBonds Delivered the Fed Statement, Not Bernanke
I know you think that following the Fed Policy Meeting a statement crafted by the Governors with perhaps a strong amount of input from Chairman Bernanke is issued. But you are wrong. It was the long...
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Dollar Index Joining Treasuries in the Smack Down
Wednesday US Treasuries ($TLT) delivered a smack down, putting the US Equity Markets ($SPY) and Gold ($GLD) in their place. This was detailed in the link below. Thursday this continued with the US...
View ArticleKing Yen or Emperor with No Clothes
Gold ($GLD) printed a hollow red hammer, potential reversal candle when measured in Sterling ($FXB), Yen ($FXY), Euro ($FXE), Yuan ($CYB), Dollars ($UUP) and against a basket or Emerging Market...
View ArticleDiagnosing Dr. Copper’s Virus
Copper ($HG_F) has been hiding what it thinks about the economy for most of 2011. But that may have all changed over the last two weeks. Dr. Copper definitely has a virus, the question is how bad is...
View ArticleThe Relationship between My Junk, SPYing and the Treasury
Many traders and analysts use the triangular relationship between the SPDR Lehman High Yield Bond ETF, $JNK, the iShares Barclays 20+ Year Treasury Bond Fund, $TLT, and the S&P 50 SPDRs, $SPY, to...
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The Other Industrial Metals, Platinum and Palladium
Platinum ($PL_F) and Palladium ($PA_F) are often forgotten. Especially when the price action in Gold ($GC_F), Silver ($SI_F) and Copper ($HG_F) has been so volatile and ugly. But they have stories to...
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