the last two years, a lower dollar, proved great for the markets
and commodities.
the dollar appears for a rally..and interest rates higher. i m
thinking this correction will be a sector rotation.. that XLF has a
strong chart and everywhere i read money is pouring into bank
stocks from China to India to NY..China has reduced the amount of
money that can be borrowed (leveraged) to invest in equities.
Consequently, FXI had some serious selling on Friday, would
be watching EEV.. GS and BAC also didn't participate. I
read that the sugar price has not responded to a stronger dollar
and making new highs. So might other commodities, but i don't
believe OIL and GOLD will go higher with any dollar strength. this
week should be tell tale. and i m watching OIL ..the XLE doesn't
look healthy. Rumor has it..that the Europeans are now buying U.S.
Equities, particularyly banks, and consequently the dollar
appears to be going higher. They probably heard how much
Buffett made with GS ..but now must buy dollars to purchase u.s.
equities. GS made an announcement on Friday..30 minutes
before OBAMA address, saying they thought the un-employment figures
would be 250,000...just about the time the markets headed
higher. GS employees are making hugh dough..just what
are they selling to earn this kind of monies. Bank
Stocks? in any case, Obama gave an "all clear" on Friday..any
correction in bank stocks will be bought by foreigners. GS will
earn both on the way up and the way down.. so i ll be watching DUG,
SCO ..very closely
implausible ..as long as dollar strength ...oil will not go
up...SRS components have huge short positions .. i would think this
etf will not perform as well should we tank.. SCO moving up
sharply
good job numbers argue for raising rates...stronger
dollar..markets .commodities hate the strong dollar...wouldn't
surprise me to see a reversal today..usually 10;15 to 10:20 a.m.
the real action starts..also, 1;15 to 1:30 pm ..after the traders
return from lunch..today should be Interesting to watch..say
the least.
i watch the EUR/USD and the CAD/USD ..the futures in
the dollar, Gold, DTO and UUP... the euro going higher and
the Canadian coming down..usually the markets go higher..if the DTO
starts higher with the Canandian Dollar higher..markets go
lower...the futures in the dollar and UUP are lagging the cross
pairs...Gold futures up or down sometimes fortells which direction
the pairs are going..this is on a 1 or 2 min chart...good
trading
i watch this eurusd intraday..it ususally is inverse almost tick
for tick to the markets..today the dollar is stronger ..usually the
markets are weaker..yet the futures are higher...strange...
broke its swing high on 50% lighter volume, on a weekly..15%
lighter on a daily..closed lower today on unusually higher volume
in 4 months..good trading
Posted by ucbarryk on 30th of Jul 2009 at 09:13 am
my son is a pilot for RJET. so i follow the equity.. there is a
conference call today..and a decision by a judge to allow RJET to
acquire Frontier and Midwest on the 10th or 11th, AUG. I ve
been buying since $5.00..most likely sell into the news..needs more
than 2.1 million shares going past $7.64. if i get a buck .well a
buck is a buck..the gap at 6.25..thought i d share this info. good
trading..DYODD
Posted by ucbarryk on 30th of Jul 2009 at 12:43 am
[U.S. Dollar
Index]. Yesterday,
the
index fell to 78.32, breaking the 78.33 wave 3 low
(Jun. 2). This break is all that is required for wave 5, so it’s
possible that the entire five-wave decline from March is
complete.
i asked this question on the blog weeks back..if their
is a relationship between waves that is necessary to create a wave
"5",well i ve got the answer...stronger dollar will do damage to
most the markets ..particularly crude and gold...whenever we bottom
in gold..i believe its will be the last buying opportunity..maybe
$700.00...that would be Yummy
The community is delayed by three days for non registered users.
volt
Posted by ucbarryk on 11th of Aug 2009 at 05:07 pm
http://www.huffingtonpost.com/2009/08/11/gm-new-chevy-volt-to-get-_n_256369.html
prechter video
Prechter Video for weekend to watch
Posted by ucbarryk on 9th of Aug 2009 at 01:08 pm
market correction
Posted by ucbarryk on 9th of Aug 2009 at 11:51 am
the last two years, a lower dollar, proved great for the markets and commodities.
the dollar appears for a rally..and interest rates higher. i m thinking this correction will be a sector rotation.. that XLF has a strong chart and everywhere i read money is pouring into bank stocks from China to India to NY..China has reduced the amount of money that can be borrowed (leveraged) to invest in equities. Consequently, FXI had some serious selling on Friday, would be watching EEV.. GS and BAC also didn't participate. I read that the sugar price has not responded to a stronger dollar and making new highs. So might other commodities, but i don't believe OIL and GOLD will go higher with any dollar strength. this week should be tell tale. and i m watching OIL ..the XLE doesn't look healthy. Rumor has it..that the Europeans are now buying U.S. Equities, particularyly banks, and consequently the dollar appears to be going higher. They probably heard how much Buffett made with GS ..but now must buy dollars to purchase u.s. equities. GS made an announcement on Friday..30 minutes before OBAMA address, saying they thought the un-employment figures would be 250,000...just about the time the markets headed higher. GS employees are making hugh dough..just what are they selling to earn this kind of monies. Bank Stocks? in any case, Obama gave an "all clear" on Friday..any correction in bank stocks will be bought by foreigners. GS will earn both on the way up and the way down.. so i ll be watching DUG, SCO ..very closely
chart analysis
Posted by ucbarryk on 8th of Aug 2009 at 05:17 pm
http://wallstcheatsheet.com/?p=1165?82d3c300
SCO
Posted by ucbarryk on 7th of Aug 2009 at 02:25 pm
effecting markets
boys r back from lunch
Posted by ucbarryk on 7th of Aug 2009 at 01:05 pm
next 10 20 minutes will be interesting
dug ...ERY...sco
Posted by ucbarryk on 7th of Aug 2009 at 12:29 pm
implausible ..as long as dollar strength ...oil will not go up...SRS components have huge short positions .. i would think this etf will not perform as well should we tank.. SCO moving up sharply
DTO ..snapshots
Posted by ucbarryk on 7th of Aug 2009 at 12:17 pm
and rising ..filled its gaps....
GS..negative..
$sox and SMH negative
XOM WEAKENING.....
u.s.dollar
Posted by ucbarryk on 7th of Aug 2009 at 11:56 am
dollar moving quickly up against the yen...
euro
Posted by ucbarryk on 7th of Aug 2009 at 11:45 am
dollar strengthening ...on the minute chart
SRS
Posted by ucbarryk on 7th of Aug 2009 at 11:43 am
if anyone would have said months back that SRS would be trading at 11.30 a share .. it would have been hard to process..
usd/cad
Posted by ucbarryk on 7th of Aug 2009 at 11:19 am
stength in us vis a vis cad dollar keeping SMN off its low
interest rates
Posted by ucbarryk on 7th of Aug 2009 at 09:26 am
good job numbers argue for raising rates...stronger dollar..markets .commodities hate the strong dollar...wouldn't surprise me to see a reversal today..usually 10;15 to 10:20 a.m. the real action starts..also, 1;15 to 1:30 pm ..after the traders return from lunch..today should be Interesting to watch..say the least.
currency pairs
Posted by ucbarryk on 7th of Aug 2009 at 09:05 am
talking about currency pairs now...
i watch the EUR/USD and the CAD/USD ..the futures in the dollar, Gold, DTO and UUP... the euro going higher and the Canadian coming down..usually the markets go higher..if the DTO starts higher with the Canandian Dollar higher..markets go lower...the futures in the dollar and UUP are lagging the cross pairs...Gold futures up or down sometimes fortells which direction the pairs are going..this is on a 1 or 2 min chart...good trading
eurusd cross
Posted by ucbarryk on 7th of Aug 2009 at 08:48 am
i watch this eurusd intraday..it ususally is inverse almost tick for tick to the markets..today the dollar is stronger ..usually the markets are weaker..yet the futures are higher...strange...
FWIW: YSI
Posted by ucbarryk on 7th of Aug 2009 at 01:25 am
broke its swing high on 50% lighter volume, on a weekly..15% lighter on a daily..closed lower today on unusually higher volume in 4 months..good trading
RJET
Posted by ucbarryk on 30th of Jul 2009 at 09:13 am
my son is a pilot for RJET. so i follow the equity.. there is a conference call today..and a decision by a judge to allow RJET to acquire Frontier and Midwest on the 10th or 11th, AUG. I ve been buying since $5.00..most likely sell into the news..needs more than 2.1 million shares going past $7.64. if i get a buck .well a buck is a buck..the gap at 6.25..thought i d share this info. good trading..DYODD
u.s. dollar
Posted by ucbarryk on 30th of Jul 2009 at 12:43 am
[U.S. Dollar Index] . Yesterday, the
index fell to 78.32, breaking the 78.33 wave 3 low (Jun. 2). This break is all that is required for wave 5, so it’s possible that the entire five-wave decline from March is complete. i asked this question on the blog weeks back..if their is a relationship between waves that is necessary to create a wave "5",well i ve got the answer...stronger dollar will do damage to most the markets ..particularly crude and gold...whenever we bottom in gold..i believe its will be the last buying opportunity..maybe $700.00...that would be Yummy
USDJPY cross
Posted by ucbarryk on 28th of Jul 2009 at 01:59 pm
u might be watching this . it seems to be effecting the short term market..
uup
Posted by ucbarryk on 23rd of Jul 2009 at 01:09 pm
comin off the bottom