Why I came in this morning at my highest net short position in months….. Italian bonds blowing out…….. (bulls…. It’s OK..it’s just some rates..they’ll print, Ben will print, 1370 $spx year end, Baaa) Spanish bonds blowing out, can’t raise all $ they wanted to this week…….. (bulls…. It’s OK..it’s just some rates… they’ll print, Ben…
TJ's Take » A Global and Urban Flaneur
Tag Archives: GSThe market gives signals…there are patterns… and there is advice. An individual has to listen to all three (3) anddetermine which one they go along with, there is no pointing fingers to managing your OWN Trade Book. For instance, last week the market gave bears two signals to cover NEAR TERM shorts at SPX (S&P)… Goldman Sachs – US Sector – May 25 2011 GS Weekly Kickstart 1-31-2011 Everyone has been talking about the banks… The Banks, The Banks, The Banks… Here are the only things you need to be wary of if you choose to invest in the banks as earnings season approaches: 1) Loan Loss provisions – Have they improved or not? 2) Dividend reinstatement – When and how much? 3)… This was an easy dip buy week, mainly due to greed and an agenda by the powers that be. They WANTED by any means neccessary to have the DOW barely underneath 11,000 on a close today. I tweeted this late in the afternoon on friday before the last 10 minutes of fireworks when the market… There seems to be more volatility now a days in the market, and even so the market on a WEEKLY BASIS stopped a downtrend and was up 1.5%. However, I think we are about to see the next leg down and a failed bounce. The bulls have tried for 7 days to push the S&P… Not fighting the tape, loaded on with CALLS…at end of day will buy some PUTS on the SPY incase Monday is super red, will shift some in the money calls today to September based on if the S&P test 1015 and if it closes near or over it. If it closes over it then it… Oil above $66.. above the range it needs to stay in for the rally to continue ($58-65) Needs to pull back to $62-63 for another leg up and thus the rally will probably to do what Kass recommended 3-5% (light) correction (which puts S&P at 940’ish). Also, smart $ doesn’t like to chase. I told… |
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