I dont want to repeat myself but yesterday provided more signals for the inevitable direction we are on so its correct to stand back and repeat what has said before events overwhelm those unprepared for what is occuring. Yes, the list of arrogant central bankers who have debased their nation’s currencies is long indeed. Before …
Category Archives: Indexes
Weekly Technical View & Macro Comments, ‘Near Term Overbought’..
The Swiss team have changed their stance a little. The recent strength providing evidence that the pull back, when it comes, will be shallow and not severe. From their technical perspective, they judge, this move will likely therefore run to the end of March or early April and score a higher high across the broad …
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Weekly Technical Analysis – Near Term Bearish..
The Swiss team continuing to be bearish. In boiling down the reasons for their view they sight three main reasons. Bearish divergence for the McClellan, AAII bullish sentiment survey and the OSX put call ratio at extremes. They use some sector rotation signals to re-call an interim mtop here for the spx etc. I’m where …
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Chart Blitz.. (A Purely Price Analysis)
We have many instruments at resistances or supports.. We have had an excellent run and the loan data is coming through more positively for both the US and China. The YM or dow futures having enjoyed a near 20% run up from the Oct lows looking like she needs a breather if merely just to …
Euro Farce Becomes a Euro Tragedy – Guns & Butter
Guns or butter, or better both and debt, has been the choice of those in power of our coinage for centuries. Intervensionst central planners that can debase the currency always do with either guns or butter and in some, desperate cases, both. In contemporary terms nothing has changed. Its a common observation to see an …
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Weekly Technical Comments – Bearish – SP500 Capped between 1292 to 1304 (Target 1158)
The Swiss team maintain their bearish stance. They are ignoring all the fundamental news re debt growth etc. Purely from the technicals they are calling a near term top. SP500 futures currently at 1290 so getting very close to their sell level. Techweekly10-01-12 As we sit here today it looks a bold call having many …
2012 Forecasts..
As attached from MS.. I have to say up front that disagree with the basic premise that stimulus is coming to an end. We have negative interest rates and imo these will widen as inflation rises. Direct QE may not be needed should credit growth expand as the fed, boe, ecb desire but on any …
2011 Investment and Trading Performance Review..
Apologies for how overdue this document is.. precious precious time is always the problem.. and the older i get the more i realize just how precious it is.. Wrinkles are appearing where there were none before and this has encouraged me to be more careful with my investment of this precious resource. So i hope …
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The Deflationary Gorilla Vs The World’s Inflationary Central Banks cont..
The battle continues. In spite of all the inflationary juice the world’s central banks are pouring into asset markets the world wide the debt deleveraging 1000 pound gorilla is back in town and has started to hit asset markets into touch here. Only a massive increase beyond the existing massive increases in central bank balancesheets …
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“Buy the Rumour Sell the News”
We have had rumour on top of rumour. Central banks took action to liquify the system through their collateralized swap loans, equity markets were over sold and we recorded one of the best weeks for asset prices in years. Markets have risen nicely to resistances and tomorrow the euro meetings start. The good news is …
Monetary History – The Day After the 1976 Peso Devaluation…
A personal story extracted from swissmetalassets.com link provided below. In 1976 Mexico devalued her peso vs the US$ by 50% “Everyone in the country was in shock. People’s net worth had devalued more than 53% overnight. The value in savings accounts dropped in half and neither merchants nor consumers knew how to react because they …
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Weekly Technical View.. Equities Vunerable
The UBS boys maintaining a generally bullish stance towards equities up to end q1 2012. Near term, equities over bought and due a pull back which could last to end of Nov. SP500 above 1883 is a buy.. Below this would set off some alarm bells. They are also bearish oil from 100 usds. They …
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