3.23.2010

MORNING BRIEF


Just as I was about to blog that the futures were trading flat- they pop higher --


NQ +3.75;

ES +2;

YM +17;


Funny as I was and still am expecting turn around Tuesday to come through- RSI 2 levels over bought near 80- and the VIX will it just hovers near the lows between 16 and 18- and of late offers no value.


Gold trading at $1,100 while the Ten year bond hovers near 3.66%;


The action has been very dull as the market have just drifted up - one day it will get violent and I suspect its coming.


Dougie Kass announcing this morning that his favorite long is the double short RUT 2K - the picture is the double long- Dougie been wrong for a while - is he due for a big winner?

Anyhow- some good stuff from Barry as he checks a health care map - too bad they don't show it on CNBC;


Some problems with the energy data;


And GS planning on low rates for quite a while;




2 Comments:

Blogger forex-cat said...

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very interesting.
Please hold out in the future.

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4:11 AM  
Anonymous QUALITY STOCKS UNDER 5 DOLLARS said...

Nice post on gold.

5:24 PM  

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