Thread: 350zCommtech's Account Talk

My charts says to stay in.

$TRAN breaking through the 20dma = bullish.

Attachment 9387

$DAX is also breaking through the 20dma = bullish.

Attachment 9388

The Euro is making some kind of a bottom. Might just be short term as the PIIGS are full of debt. But for now, the Euro is oversold and will try to rise. If it does, lookout above(for the I fund).

Attachment 9389

Originally Posted by 350zCommTech

My charts says to stay in.

$TRAN breaking through the 20dma = bullish.

Attachment 9387

$DAX is also breaking through the 20dma = bullish.

Attachment 9388

The Euro is making some kind of a bottom. Might just be short term as the PIIGS full of debt. But for now, the Euro is oversold and will try to rise. If it does, lookout above(for the I fund).

Attachment 9389

350,

I see you went 100% into the I-Fund yesterday. Do you think the markets are fixing to take off? If the dollar gets weaker then the markets should run?

Thanks,

Steve

Originally Posted by sdouglas3

350,

I see you went 100% into the I-Fund yesterday. Do you think the markets are fixing to take off? If the dollar gets weaker then the markets should run?

Thanks,

Steve

Yes. The key is the Euro. If it just goes sideways, working off oversold levels, then I would have bail. We should know for sure in a 3-4 days.

Originally Posted by 350zCommTech

Yes. The key is the Euro. If it just goes sideways, working off oversold levels, then I would have bail. We should know for sure in a 3-4 days.

$tnx intraday has been moving in tadem w/ the markets since the recent bottom. More a treasury carriage then a $/Euro manipulaiton, maybe? What's your take?

http://finance.yahoo.com/q/ta?s=%5ET...+Analysis&t=5d

The power of Fed/Treasury leverage?
http://finance.yahoo.com/q/ta?t=5d&s...&q=l&c=%5Egspc

Originally Posted by fedgolfer

$tnx intraday has been moving in tadem w/ the markets since the recent bottom. More a treasury carriage then a $/Euro manipulaiton, maybe? What's your take?

The power of Fed/Treasury leverage?
http://finance.yahoo.com/q/ta?t=5d&s...&q=l&c=%5Egspc

$TNX was way oversold just like the market. Not seeing any manipulation here, at the moment. Just normal market movements. Take the Euro for example, many are still doubting the EU/IMF bailout, wondering where the money will come from. My guess is the printing press.

Originally Posted by 350zCommTech

$TNX was way oversold just like the market. Not seeing any manipulation here, at the moment. Just normal market movements. Take the Euro for example, many are still doubting the EU/IMF bailout, wondering where the money will come from. My guess is the printing press.

I'm long on Euro right now for hedging. I C 1.28 a resistent level for it......

The I fund can't seem to get out of the dog house. Perhaps tonight Japan will start it off with a bang as they are due for a big rally.

Attachment 9395

The dollar and gold moving in conjunction is disturbing.

Originally Posted by mayday

The dollar and gold moving in conjunction is disturbing.

It's been doing that for over a week, I like it! I think the Dollar may be retaking it's rightful place as the World Reserve Currency again, due to the EURO falling like a rock!!

Originally Posted by nnuut

It's been doing that for over a week, I like it! I think the Dollar may be retaking it's rightful place as the World Reserve Currency again, due to the EURO falling like a rock!!

... more like a case of which one is less bad!

I'm seeing funny moves (like that late day bifurcation on Friday, and yesterday's late day mini-pullback) in the $TNX which is making me think there's something deeper. Instead of a currency carriage trade, that leads to a run in commodities (inflation), these central banks have realized treasury carriages are less likely to hyper inflate, make people buy equities, etc.

Can't go on forever though!

Originally Posted by nnuut

It's been doing that for over a week, I like it! I think the Dollar may be retaking it's rightful place as the World Reserve Currency again, due to the EURO falling like a rock!!

I think it's a precursor to a Fed rate hike.