Featured Trades: (REPORT FROM EUROPE, PART V) 2) Report From Europe, Part V. My first morning in the Swiss mountain hamlet of Zermatt, home to the Matterhorn, I was awoken by an army platoon outside my door, fully armed with fixed bayonets. No, I was not being arrested for past indiscretions in the idyllic Alpine
Featured Trades: (THE HEAD AND SHOULDERS IS IN), (SPX), (VIX), 1) The Head and Shoulders Is In. Much of the selling that took the Dow down 265 points on Tuesday was generated by a clear 'head and shoulders top' pattern setting up on the charts. This occurs when you see three consecutive peaks on a
Featured Trades: (DO YOU REMEMBER WHEN'..?), (GLD), (INDU), (USO), (FXF) 3) Do You Remember When'?.? The stock market managed to eke out a modest 29 point gain today, the first time in nine trading days. If it had closed down a ninth day, it would have been the first time since 1978. I remember those
Featured Trades: (WHAT THE MARKETS ARE TELLING US), (SPX), (TLT), (TBT) 1) What the Markets Are Telling Us. I spent the morning doing a round robin with hedge fund trader friends of mine trying to figure how we all got this so horribly wrong. I did this as the (SPX) was ticking down to 1249
Featured Trades: (BE CAREFUL WHAT YOU WISH FOR) 1) Be Careful What You Wish For. Politicians are popping champagne bottles and celebrating the end of cantankerous negotiations over the debt ceiling. I say be careful what you wish for. Let me give you my quickie, back of the envelope analysis of the debt ceiling deal
Featured Trades: (GDP IS ANOTHER BUCKET OF COLD WATER) 1) GDP is Another Bucket of Cold Water. Another bucket of cold water was thrown on financial markets on Friday with the shocking release of Q2 GDP of 1.3%. The whisper number prior to the release was at 1.9%, and even this figure is far short
Featured Trades: (AN UPDATE ON RHODIUM) 2) An Update on Rhodium. I was recently interviewed by Daniela Cambone of Kitco News, a boutique firm specializing in the online research and trading of metals. I have known the Kitco people for a long time and they are one of the class acts in the hard
Featured Trades: (WHAT THE TEA PARTY DOESN'T KNOW ABOUT THE BOND MARKET) 3) What the Tea Party Doesn't Know About the Bond Market. I have spoken to several Tea Party leaders since the movement sprung up a year ago, and have come to several conclusions. This is a genuine, grass roots movement composed of
SPECIAL AUTOMOTIVE ISSUE Featured Trades: (WHAT FORD IS TELLING US ABOUT PLATINUM AND PALLADIUM), (F), (TTM), (PPLT), (PALL) 1) What Ford is Telling Us About Platinum and Palladium. Well done to Ford (F), which announced great earnings for Q2, leaving its close call with the junkyard a few years ago well in the rear
Featured Trades: (WELCOME TO THE FUNNY FARM), (SPX) 1) Welcome to the Funny Farm. I promised you a roller coaster for the financial markets this week, and that is exactly what we are getting. The on again/off again talks and the finger pointing that follows seems to be generating round lot moves of 30 points