Sunday Post 8/26/12

{+++} The market is still toying with a definitive breakout and close of the April highs.  We cleared 1422 Tuesday, but couldn’t manage a close above. This week, we should see even lower volumes, because Labor Day weekend is coming and this is always a low volume week. That doesn’t mean the tape cant give [...]

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Short Thoughts

{+++} The bulls and bears are fighting ts level of resistance to the death. As you can see in the chart above, the S&P made a weak attempt to break out yesterday, but failed.  It did break through the April 2 high, but reversed hard and closed below the line. Today we basically closed flat [...]

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Sunday Post 8/19/12

  {+++} The S&P stopped right at that trend line on Friday on absolutely NO volume. Could just be a battery charge before we blast off to higher prices, or a sign that we have put in a short term top. As you can see below, we also stopped about three or four points from [...]

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COT-Commitment of Traders

This is a follow up the the commitment of traders piece I posted a couple of months ago on the “smart money/dumb money” view of the euro. At that time, the dumb money was short and the commercial traders “smart money” was getting long. The commercial traders always win. By the way, while everyone was [...]

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Open Interest Gives a “Tell” For Treasuries

This is a very interesting piece from the folks at  McClellan Open interest is the total number of contracts that are “open” for a futures contract.  Every futures contract is simultaneously both a short position and a long position, with two separate parties each holding the obligation to either accept delivery of the goods, or [...]

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