OptionsMD Five Minute Market Checkup, 8/24/2011

Part 2 of a 3 part series on identifying Bear Markets…..  

Continue reading

Looking for a Move Down, Down Under

Players in the FX and other markets have become accustomed over the past couple of years to identifying trading environments as “risk on” or “risk off”. The “risk on” days are characterized by rising stocks, lower bonds, precious metals meandering to down, and the Dollar, Yen and Swiss Francs getting sold versus most other currencies. The […]

Continue reading

Gold Downdate

Well, things change; despite some bids underneath by reserve managers (aka, central banks), we’re seeing pretty sizable liquidation of spot gold holdings by hedge funds, and the buying interest is being overwhelmed. I continue to see something around 175 in the GLD ETF as a reasonable place to begin building a long position, but given […]

Continue reading

Waiting for Bernanke

An article in the Washington Post suggesting that Fed Chair Bernanke is unlikely to promote any significant new initiatives in his Jackson Hole speech on Friday is generating some comment in the FX market, and negative vibes in equities. http://www.washingtonpost.com/business/economy/ben-bernanke-unlikely-to-announce-big-new-plans-at-jackson-hole/2011/08/23/gIQA28ixZJ_story.html The durable goods report for July, which was just released, came in much higher than […]

Continue reading

GLD: The New Currency?

Over the past few months, a noticeable trend in the FX market has been the effort made by many central banks, whether from the Far East, Central and Eastern Europe, or Latin America, to diversify their reserves. Most exporter nations count the U.S. as a major trading partner, and the Eurozone is also a significant destination. The […]

Continue reading

All Quiet on the Western (and Eastern) FX Fronts

Well, the Ministry of Finance evidently did not instruct the Bank of Japan to intervene to weaken the Yen last night, nor, apparently, has it done so thus far this evening. In the meantime, dealers took the Dollar up about a Yen from the recent low of 75.95; it is currently trading at 76.85. The Yen was […]

Continue reading

OptionsMD Five Minute Market Checkup, 8/21/2011

Watch this quick video to understand how Market Character changes as the Bear approaches….    

Continue reading

Will the Bank of Japan Intervene Tonight?

It’s Sunday evening in the U.S., which means that it’s Monday morning in the Far East, with currency traders already hard at work. There has been a good deal of speculation that the Japanese authorities will intervene to drive the Yen lower. A Yen at the current level, around 77 per Dollar, makes Japanese goods […]

Continue reading

Is this the 2012 Bear Market? (part 4)

Is this the 2012 Bear Market? (part 4)   In part 1 we said that we could evaluate whether a Market was a Bull or Bear depending on the:   Market Character Signals Price Action   Now we’re getting to the real meat of the matter – Price Action. How can the price tip us […]

Continue reading

NYSE Invokes Rule 48 At Open

NYSE invokes Rule 48 at open; allows exchange to suspend price indications to allow for a smooth opening. This is only invoked in situations with potential for extreme volatility.

Continue reading