The Best ETN (and therefore the most dangerous)

The Best ETN (and therefore the most dangerous)

Take a look at the spread between LSC and DJP starting in late June 08. Clearly this post is a little late to the party, but… WOW. LSC is an ETN that replicates a technically traded long/short commodities index. It offers a compelling advantage over other commodities ETN’s like DJP, and thus I will keep…


War on the Way?

“It’s War” declares Matt Drudge following an English report about an Indian EDITORIAL. Yes, an editorial just might start WWW3 if people continue to read the headlines. I mentioned the possibility of the markets pricing in a major war a few weeks ago here, but I didn’t think it would happen a week later.


Volatility Charts

Fortune favors the bulls as the rally continues. More stocks are getting bullish and the volatility is dropping. Stocks above the 50dma are increasing, but we don’t have a confirmed trend. There are an increasing number of stocks making all time highs, but it’s still meager. The spread between short and long term volatility is…


Twittered Tickers

Thoughts from the collective at StockTwits.com I suspect Google stinks, but I’m not short yet. It will rally, but there are better opportunities. General Motors is also terrible, long or short. Better stocks abound. C continues to rally, and thought it has hit my 7.60 target, there is no reason to run. 12 anyone? I…


UUP & $USD Divergence?

Any one have thoughts on the following divergence? The relatively new Dollar Bullish ETF UUP is indicating a new downtrend. On the other hand, the $USD, a index with a bit more trading history, seems to be at the lower range of an uptrend. Since they share a 1:1 correlation, this aberration might be explained…


Twitter Tickers

Some ideas from the global consciousness of StockTwits.com ENER is rallying into resistance. So is ESLR. The solar plays look like better shorts, but you won’t find me fighting the uptrend. Gold miners are showing some encouraging strength above support, how about a scary pullback? CPB can rally, but I suspect Staples will under perform…


Turkey Talk

A few ratios and some interesting developments. US Equity / US Bonds have reached a prior level of support. Watch for resistance. Another day of advancing volume significantly outweighing declining volume. The US Dollar looks ready to break its recent and sharp uptrend, implying slowing momentum. Silver is putting in a nice base, and is…


Wednesday Wrapup

The short term uptrend grows stronger by the day. The Bullidex (Bullish Percent Index / Volatility Index) has finally registered some new X’s. More stocks continue to rise above the 50dma on decreasing volatility. Finally, an increasing number of stocks are trading at new highs. Market internals continue to strengthen as an increasing number of…


Nothing New To Report

The market made some moderate progress, nothing too exciting. Short term the trend is up, long term we’re still looking grim.


3 Ratios To Watch

American Equities vs. Bonds are rallying in a downtrend, but approaching resistance. The stabilization of Miners vs. Gold reduces deflationary worries. Relative to gold, the 30Y is bouncing off long term resistance, but remains in an uptrend. Signs of stabilization are emerging as these ratios exhibit mean reversion. If volatility can stabilize, we may be…