Expect Final Round of Short Covering & Bag Holder Buying in the Spoos

Written by Al Martin Sunday, 31 August 2014 21:11

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(8-31-14) With the end of August now here, technicals remain good until the middle of September. With 2,000 having been broken in several efforts, we would expect 2,000 to now begin to hold in the SPX. This will prompt the final round of short covering and Unwashed buying a/k/a Future Bag Holders of America Club, as the expected top should be reached in first half of September creating a fresh shorting opportunity. We continue to trade the Sep. Spoos from the long side on 4-5 handle scalps and will continue to do so now.

Read more: Expect Final Round of Short Covering & Bag Holder Buying in the Spoos

 

Disconnect Continues with Spoos and Bonds Moving Higher

Written by Al Martin Sunday, 24 August 2014 21:36

 (8-24-14) In late week trade we saw the Sep. Spoos were able to get above 1990 for the first time. The close Friday, wherein the Seps closed above the cash, would indicate a good opening Sunday night. With nothing fresh on the geo-political front, look for a move up into the 1994 area in Monday’s trade.  We continue to trade the Sep. Long Bonds from the long side on dips. Once again we were buyers at 140 late Thursday and were able to take a half a point out of them in Friday’s trade. It’s unusual for Spoos and Bonds to be moving higher. One has to be wrong. Traditionally it is the Spoos. Time of season would also indicate the Spoos reaching a top.


Read more: Disconnect Continues with Spoos and Bonds Moving Higher

 

Long Bonds Continue To Advance In Line With Our Expectations, as SPX Is Turned Back at the Magic Shill Level of 1960!

Written by Al Martin Sunday, 17 August 2014 23:16

 (8-17-14) We had warned in our previous week’s missive to prepare to get short the spoos again on the bounce off the bottom. Note that the CNBC shills have promised the Unwashed a march back to 1960 in the spoos and indeed Friday morning when the spoos were turned back from the 1960 level, the bells and whistles were sounded. We had put out an emergency shorting recommendation in the Sep. spoos at 1958. We sold them there ourselves, covering on our standing order at 1943 as Unwashed sell stops pounded the spoos lower.


Read more: Long Bonds Continue To Advance In Line With Our Expectations, as SPX Is Turned Back at the Magic Shill Level of 1960!

 

Don’t Get Suckered by Last Week's Fear Bid Reduction

Written by Al Martin Sunday, 10 August 2014 23:59

(8-10-14) We saw the equities rally in Friday’s trade, as bonds came down based on Uncle Vlad’s assurances that once more he is dialing down the Ukrainian situation and the peaches and cream trucks will soon arrive in Gaza. We look to trade the Sep. Long Bonds from the long side. Indeed we bought the Bonds again on Friday’s close at 139.10 and will be looking to take a half of a point out of them in Sunday night’s trade.

Read more: Don’t Get Suckered by Last Week's Fear Bid Reduction

 

Reduction in Fear Bid Represents Fresh Trading Opportunities

Written by Al Martin Monday, 28 July 2014 00:33

 (7-27-14)With reduction in the Fear Bid coming out of both the Israeli and Ukrainian situation that has occurred over the weekend which has temporarily cooled down, we would expect the Sep. Long Bond contract to back off in Sunday night’s trade. We had bought the contract in again at our standing order at 137.26 in Thursday’s session, selling on our standing order at 138.26, a place where we have been consistently selling our longs and getting short. Indeed we are short again from 138.26 and would be looking to take ¾ of a point out of the contract on a reduction in the Fear Bid.

After having traded Gold from the long side most of last week, we are short the Gold now from 1315 and would expect the Gold to break 1290 in the coming week’s trade.

Read more: Reduction in Fear Bid Represents Fresh Trading Opportunities

 

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