George Soros on China

Correlation Matrix update - 2009!

I have decided to share with you all an update to my correlation matrix for the end of the 2009 year. It is based off continuous contracts and the daily settlement prices over the last 12 months. There are bound to be some numbers that shock some.

Good trading and may all your trades have fat tails and flat distributions

KT

Disclaimer

FOREX- EURUSD on the Anchor Chart.

This is the weekly chart of the EURUSD which seems to be respecting the Yearly Pivots. We bounced off YR S1 and then bounced off the Yearly Pivot which was also the 38.2% Fib retracement  before resuming the uptrend. Today we broke out of that 2 week sideways range (1.4200 to 1.4400) to see a continuation of the uptrend.

Next target if the uptrend continues would be the 1.4702 - previous highs 1.4720’s and  then we could likely set up for a test to R1 1.5083. Traders this is the macro view.

Good Trading and stick to your stops

KT

Disclaimer

DX yes its a repeat! Update on the Anchor Chart.

As we approach the -23.6% this is a rerun of a chart I posted earlier in August 2009 (08/07) of some targets that  I was watching on the DX Anchor Chart. Highlighting that the -61.8% extn lines up with the double bottom and the April and July lows / double bottom.

Watch for more down side as we now are seeing a continuation to the down trend.

Good trading and stick to your stops

KT

Disclaimer

EUR Range Bound!

EURUSD has been range bound for the past two week between 1.4400 to 1.4200. There needs to be a break to this sideways channel to give us some clear directions to the EUR.  Wednesday and Thursday may see some action to the EUR on  Wed the US Fed Beige book and some German Economic data and then on Thurs you have some important Economic numbers from France (Manufacturing and wage data) and Italy (Trade Balance and GDP numbers).

Eur at the moment on swing trades is a wait and see until we get a break to this range.

Good Trading and stick to your stops.

KT

Disclaimer

PBS’ The News Hour - Bernanke on the Record

Good trading and stick to your stops

KT

Emini S&P500 and Market update - Inflection points all round

Good Trading and stick to your stops

KT

Disclaimer

Dennis Gartman- lets keep things in perspective!

Quote from Interview “Gartman:  I think Mr. Buffett made some terrible mistakes last year.  We all made some mistakes.  And the fact that Mr. Buffett was down, what, 45 percent, that Berkshire was down 45 percent, and that not enough action was taken to mitigate those losses, I thought was disconcerting and poor trading.  I am short Berkshire Hathaway right now for that reason.  It continues to sell at a huge premium to net asset value, so I’m short of it and I’m long of Goldman Sachs.  I’m short of Berkshire, and I’m long of Loews because they sell at discounts.  But I think that Mr. Buffett made some terrible mistakes last year and when you’re down 45 percent for a year, I’m sorry, that’s inexcusable.”

Yes Mr Gartman I happen to think you are a good Trader and fund manager but really you need to keep things in perspective. Warren Buffet is NOT a trader…. he is an investor! As Tim said.

Its great to jawbone your holdings on CNBC. There was plenty of poor performers in the funds management world you had Value Funds, Hedge funds, Growth Funds, Macro Funds the list goes on that incurred steep losses in a time when markets where probably the most volatile this side on the great depression. Ask Warren! Oh and who didn’t make mistakes last year?

Good Trading and stick to your stops

KT

Disclaimer

Soros Predicts Stagflation

Soros on the Dollar