This morning we reduced our weightings for long T-Bond positions and increased our weightings for long Dollar positions. T-Bonds are 30 years into their Bull Market while the Dollar is only 8 months into its Bull Market. Update at 12:00…Continue Reading →
Here is our view on the Macro Waves, the four descriptive labels available are: ( 1) Strongly UP, 2) Weakly UP, 3) Strongly Down, 4) Weakly Down ) Stocks – Weakly UP T-Bonds – Strongly…Continue Reading →
The last day of the month saw more of the buy on rallys / sell on breaks behavior by the market players coupled with their belief that oil is making a bottom. All in all, a volatile combination in the…Continue Reading →
Yesterday saw some significant downturns in the outlook for stocks. For some time we have been talking about the extremes expected as this deflationary macro takes hold. Those extremes that we have mentioned are $ 22 crude oil, 166 long…Continue Reading →
January 22, 2015 will see this battle coming to a head. The volatility that we have seen this week will no doubt continue until the last week of the month. At the beginning of each year I like to look…Continue Reading →
Here is a link to an analysis service that could make a big difference for you in 2015. http://davidstockmanscontracorner.com/
What we are talking about is not only what the FED did with QE2 and QE3 which ended yesterday. What is unprecedented will be the effect on the economy if the FED really does let the 3.5 Trillion dollar Balance…Continue Reading →
The ideal spot on the December T-Bonds is between 140-14 and 141-00. For the December Dollar index, the 85.10 to 85.40 area would be good. The GDP number later this week will give a better picture of the economy. We…Continue Reading →
Here is the chart that has Macro traders thinking about a defensive posture. Compliments of the Chartstore.
Anything above the 1920 price level, the 1920 to 1980 area on the S&P, is a premium place to buy inverse ETF’s like SPXU. Keep in mind this is a macro call based on a combination of fundamentals and chart…Continue Reading →