T2108 Status: 36.4% T2107 Status: 40.2%VIX Status: 12.2General (Short-term) Trading Call: NeutralActive T2108 periods: Day #187 over 20%, Day #7 over 30%, Day #2 under 40%, Day #42 under 50%, Day #59 under 60%, Day #258 under 70% Reference Charts (click for view of last 6 months from Stockcharts.com):S&P 500 or SPYSDS (ProShares UltraShort S&P500)U.S. Dollar Index (volatility index)EEM (iShares MSCI…
The Greeks can give assurances that they will repay their debts once the current ones are forgiven, really they will. The EZ’s troika can give assurances that they will stand firm. And Putin can give assurances that there are no Russian troops in eastern Ukraine and all those mothers losing their sons are losing them…
On Friday, alongside China’s announcement that it had bought over 600 tons of gold in “one month”, the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We then put China’s change in FX reserves alongside the total Treasury holdings of China and its “anonymous”…
Every attempt to come up with a single number (a price index) that reflects the change in the purchasing power (PP) of money is bound to fail. The main reason is that disparate items cannot be added together and/or averaged to arrive at a sensible result. However, some price indices are less realistic than others….
The market has performed impressively recently given the sovereign challenges in Greece, Puerto Rico, and Ukraine that dominate the headlines; not to mention the recent plunge in Chinese equities which authorities seem to have arrested over the past week. It is in my opinion that my favorite high beta sector in the market is due…
This seemingly inexhaustible credit line is now drying up, with severely negative consequences for oil producers with debt that’s coming due. Could the oil patch bust triggered by oil plummeting from $100/barrel to $50/barrel kick the U.S. into recession? Longtime correspondent B.C. recently observed: The question is whether the incipient recession in the energy and energy-related transport…
Via Keep Talking Greece, President of Greek Banks Association Louka Katseli appealed at the citizens to return their money to the banks. “Banks are absolutely trustworthy,” Katseli told Mega TV as guaranteed by the ECB and the Bank Association, but they would have been even more powerful if 40 billion euros had not been withdrawn in the…
Starting with the premise that people have to eat, The Agletter Editor Tom Wallace has found productive fields in the many subsectors of the ag investment space. Without discounting the risks, he explains to The Energy Report how investors can recognize and hedge those risks. Wallace also names three favorite companies that span the spectrum, from planting the seed…
Technically driven session for Wednesday–France drops looking for support The CAC fell during the course of the session on Tuesday, breaking below the bottom of the shooting star from Monday. This of course is a classic sell signal, but we think that there is more than enough support below to think that the market…
The price of WTI crude has dropped from the low $60’s to around $50 in just a couple of weeks. Investors are freaking out, and share prices of energy companies across the board have been hit. While the values of almost all energy stocks are falling, not all companies have business operations tied to the…
