8/14/09

Trading Management - Weekly chart

Today we came within 3 SPX points from the 4 week EMA. Like the 2003 bottom, try to sell extremes and buy 4 wk EMA and 10 wk EMA's. If the 4 Wk EMA goes under the 10, then red flag and reenter when it goes back above. the 10 40 has crossed so that's the way it works now. (If you are trading the SPX)

But you've also got the makings of a huge neo-populist anger brewing,


In “The Holy Grail of Macroeconomics”, Richard C Koo’s account of post-bubble Japan, Koo illustrates that highly indebted corporations with depressed asset holdings and a positive cash flow will embark on sustained debt repayment until their balance sheets are healthy once again. He argues that this happened in Japan over the last 2 decades and in the U.S. over the four years of the Great Depression. This ongoing debt repayment created decades of economic stagnation, particularly because the fiscal response was so fitful and inconsistently applied.

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SPX late day "push" 1,004 close, RSI sell off the table for now. Monday might gap higher , back in the 60 min pattern again. OBV at all time highs!?!


Strange no $VIX breakout..complaceny?

BAC short? $3 to 17.50 WTF! anyway note RSI non confirm if we close up here (rather short if it gets to 18 -20 if thats possible as res)

TLT, time to watch for a 3X Yield play coming soon

USO takes a pounding, off 5% to EMA's

992 has to hold then 970

Possible long GLD short SLV pair play at RSI lows and trend line bounce..reverse below trend line

SPX daily, if we close here or below, rsi sell sig for a sharp drop

Bout to break through trend line 1,000 low here

SPX selling off 1,002 - 1%, IWM broad mkt off 1.8%