• A Curious Complacency
    Posted by on May 11th, 2012 at 10:37 am, Comments: 0

    We have the specter of a Greek exit from the eurozone, a Spanish banking system that is on life support, a Spanish sovereign that is [...]

  • Financial Market PTSD
    Posted by on May 11th, 2012 at 8:16 am, Comments: 0

    I was really trying to avoid writing a post involving JPM until at least this weekend but thoughts kept building in my mind and my [...]

  • The Center of Gravity
    Posted by on May 10th, 2012 at 4:07 pm, Comments: 0

    Greece may leave the eurozone this summer and Spain might be on the verge of a banking system meltdown, yet $EURUSD continues to hover near [...]

  • Zero Sum Game
    Posted by on May 10th, 2012 at 11:03 am, Comments: 0

    Two months ago I made a simple post drawing an analogy between playing weekly options for directional speculation and being a gambler at a roulette [...]

  • China: Market Analog to the 2003 US Market
    Posted by on May 9th, 2012 at 2:35 pm, Comments: 0

    I’m not a huge fan of market analogs, however, it must be said that the market rhymes often enough (although it rarely repeats) that it [...]

  • E-Mini Video Analysis
    Posted by on May 9th, 2012 at 1:32 pm, Comments: 0

    Markets have a strong tendency to make a marginal new high/low before reversing sharply – this morning’s trading in the S&P 500 ($ES_F $SPY) was yet another textbook example of this phenomenon.

  • CEO/Chairman Margin Call: The Ultimate Capitulation?
    Posted by on May 8th, 2012 at 6:29 pm, Comments: 0

    After the market close we learned that Robert Stiller, the Chairman of the Board for Green Mountain Coffee Roasters ($GMCR) was forced to sell 5,000,000 [...]

  • The Charts of the Day
    Posted by on May 8th, 2012 at 4:38 pm, Comments: 0

    Gold ($GC_F $GLD) broke below its 42-month uptrend line but managed to climb back above the $1600 level by the close:   A triple bottom [...]

  • Fear Begins to Set in
    Posted by on May 8th, 2012 at 10:42 am, Comments: 0

    We saw some fear during Sunday night’s fx/futures trading session, however, this morning’s action feels more palpable and panicked to me. Gold has come under [...]