Sorry, ratio wise agst gold.....u r correct....

March 2010 not 09. Let's not get ahead of ourselves...

They responded to every allegation today...chart looks good but no ummmmph?

Ilike the pattern....had bought 11.33 recently and couldn't avoid selling today...hoping for slow 60 to break 80 tomorrow for rentry

They announced a new large public offering...

yes... charts keep crashing...

Thanks, I needed that, Klatuu!

So...if next Tuesday is expiry of the current VX contract the VXX will converge with $VIX more precisely Wednesday morning?  Or never as it will now loosely conform to the Dec VX contract?

Thanks!

Has also succeeded in the past, ie last time jpy was this strong it was maneuvered back up about 20% in short order. Intervening to WEAKEN a currency has much more likelihood of succeeding as it really only requires the support of the monetary authority to 'print' money. Intervening to support a currency has much less likelihood of success without fundamental, read 'austere' changes in government policy.

We need to know the real intent of Japanese authorities, to weaken the yen or just stem the flow. As they face enormous demographic challenges and already have the highest debt/gdp ratio I believe a weaker yen trend change could be central to their long term policies. 

Thanks! So obvious yet beyond my eye's ability to SEE.

Why does the 5 min useful dynamic renko chart of Matt's look differently, please? Was the red box erased somehow?

Yes I am as well. I keep refreshing manually to fix.

  TBT flat on the day... up on huge volume?!

Thanks Steve, pretty awesome call....target since counter trade achieved already? Thanks again.

US Dollar Index is heavily weighted to the EUR....trading EUR futures is very liquid and offers tremendous leverage relative to Index futures. Emerging market currencies are traded as non deliverable for the most part so their liquid markets exist OTC between banking counter parties. Day trading JPY, CAD and AUD are much LESS interesting than stocks but are certainly liquid enough to be considered tradable.

     TradeStation provides a nice FX futures platform. 

  Matt,

          Is the LOOP trade over or waiting for another try higher?

Matt,

    With the close above 12.05 have you got a near term objective only or is this a candidate for a swing trade?  A move back below 12.00 wound negate? Thanks.

This confirmation of quantitative easing initiative I believe has a lot to do with today's rally.  While it's ridiculous to think this is good long-term policy the reflation troops have a green light to run through the summer anyway.

   (If image did not load it's on Bloomberg.com)

30 minute SPX RENKO just turned negative.

  Matt,

     Are you still in SEED? After three day consolidation from BO, are you on the lookout for a move today?

Thanks David!

   Was looking for a low-risk gold add. I've owned it previously, wasn't aware of the new development.