#SPY short term view

Gold #GLD @ 150 day MA - trendline

Gold is at 150 moving average. GLD has found support at the 150 day moving average since 7/28/2010. A break below 150 day moving average could signal a change in trend.

Calculated Risk: European Bond Yields rising

Calculated Risk: European Bond Yields rising: Another summit. More disappointment ... The Italian 2 year yield is up to 6.14%, and the 10 year yield is up to 6.72%. Both were below...

Update: Europe short term fixes - Market rallies

Europe continues discussing short term fixes for its debt problems. The fact is that none of these fixes solve the underlying problem of to much debt and slow growth. Sooner or later, Europe will have to deleverage; and deflation will take place.

This week, the stock markets continued to rally. I am looking at a peak in the next three weeks - at the latest first week of January. The probable S&P500 target is between 1,300 and 1340. After this rally, There is the likelyhood of a substantial stock correction in the first half of 2012 and an economic slowdown.

Gold consolidating. It is too early to tell whether the up trend will continue or reverse.

GLD Long Term Chart - Trend is up

Post Euro Currency Values

The FT/Alphaville blog posted an interesting article estimating the post Euro currency values. ft.com/alphaville Post-euro currencies, charted

12/2/2011 Update; Market rebound

The market is rallying from the short term oversold levels. News about European dept continue driving short term sentiment. S&P500 is touching its 150 day moving average. If the S&P500 crosses and holds above the 150 day moving average, it can be a bullish sign - at least in the short term. However, stocks remain highly risky and volatile in the short term. 

We are in the experiencing the last wave of a Minor 2 wave. The target levels for this rally are between 1280 - 1310. See DanericsEllitotWaves. From there, we should see the first wave of Minor 3.

Calculated Risk: Fed's Beige Book: "Economic activity increased at ...

Calculated Risk: Fed's Beige Book: "Economic activity increased at ...: Fed's Beige Book : Overall economic activity increased at a slow to moderate pace since the previous report across all Federal Reserve Dis...

Market oversold - rebound likely

Market reached oversold levels. We are set for a rebound that could last until early January 2012.

'via Blog this'

sell signal alert

My mechanical system issued an equity sell signal. Tomorrow, I will be hedging equity portfolio with an inverse ETF.

stocks under pressure

News from the Europe debt crisis as kept the stock market and commodities under pressure; while the dollar gain strength.


This week the stock market was under pressure. We can see stocks fall a bit further before rallying towards the end of the year and beginning of 2011. Our equity hedging system is purely mechanical. I will post the trade that I am making.


Gold declined over 3% this week. But the trend continues to be up.

Interesting perspective - John Thomas

http://hsdent.com/john-thomas/