I woke up this morning to an outside temperature of one degree. As the Maine comedian Bob Marley (not to be confused with his Jamaican polar opposite) would say it is "effing"cold. According to Bob, and I agree, there is a temperature that is so cold that only an expletive can capture its degree...
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I am starting to compile my list of SPX calls gleaning data from the internet. If anyone else has any data to add to the list please email spx@redliontrader.com. I am having a hard time finding bears out there that have put out numbers. I would like to balance this list. BULLISH Calls...
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Before talking about jobs lets see how the world has set us up this morning. Asia Japan is on fire. Despite the death or perhaps to honor the life of Tsutomu Yamaguchi the Japanese markets climbed up another 1% last night. If you don’t know who Tsutomu Yamaguchi was you should read...
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Was yesterday the Top? There is still so much strength in place as we are mostly moving sideways in here. We need to monitor the underlying breadth more than ever over these next few days. First lets travel the world and see how we are setup this AM. Asia Both China and...
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Well today was the day I picked back in December to be the market top give or take a few. Today I am not feeling so sure but the top never seems like the top right? First lets travel the world: Asia Nice finish by China from a weak start and...
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I am struck by how low the price of natural gas is. The historic low prices are a victim of oversupply with under-demand and is a lesson about the economics of commodities. Here is a chart of the continuous natural gas contract (NG) price action over the last 10 years. The 2005 peak was...
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I hate to waste a good title. As I first penned this post we were flat on the ES. As I finished we are now up 1.75 on the ES.. For the time being we will pretend that we are gapless. Let’s start the relay cycle: Asia China celebrated the Western New...
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I hate to waste a good title. As I first penned this post we were flat on the ES. As I finished we are now up 1.75 on the ES.. For the time being we will pretend that we are gapless. Let’s start the relay cycle: Asia China celebrated the Western New...
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Good morning, hope you all had a good rest and are ready to get back with a bang. We have another gap up this morning, basically nullifying the close on last Thursday, which I guess was more a scare about terrorism than a scare about the economy. Around the world Japan resumed its rally...
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A video today about last week’s market action and what clues to look for next week to help determine market direction.
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