First time posting a system, I was using the Stockcharts market message commentary to trade the AUD/JPY when they commented on the S&P 500.
For now the main assumption is to use Bear Market rules. Sell into rallies, the 50 day simple moving average has crossed below the 200 day moving average. Current resistance at 1390 ish for the S&P 500, with support at 1330ish. I use the public chart lists and their free commentary that is emailed every two weeks.
USD/CHF correlation with the 10 year treasury. Note the break of resistance above 3.6% yield, needless to say I saw this backed out, and regretted not taking it, the USD/CHF went back above parity, barely.
http://stockcharts.com/charts/gallery.html?$TNX
Bearish indicators for the equities
See free decisionpoint.com for their overbought article on PE ratios at overbought in spite of falling earnings.
The most bullish indication is the leading economic indicator turning up.
The USD hitting a bottom soon? Hope so, Yellen and Fisher appear adamant to oppose further reductions.
Friday- compare the Euro to price of Gold and commodities
http://stockcharts.com/charts/gallery.html?$CRB
http://stockcharts.com/charts/gallery.html?$XEU
http://stockcharts.com/charts/gallery.html?$GOLD
Politics and taxes
McCain is calling for rediverting the oil to consumers rather than the strategic oil reserves. See IBDeditorials for 16 April 2008. $70/ barrel would be the estimated price.
I'm concerned about raising taxes with the new elected officials.
I'm afraid the links aren't working like I want.
With the treasuries breaking above the 3.6 mark, it appears that investors are selling off bonds and going back to stocks. Though many volume days are low lately. Maybe this is a sign that the economy is getting better.
I'll believe it when oil drops and the USD gets stronger.
For now the main assumption is to use Bear Market rules. Sell into rallies, the 50 day simple moving average has crossed below the 200 day moving average. Current resistance at 1390 ish for the S&P 500, with support at 1330ish. I use the public chart lists and their free commentary that is emailed every two weeks.
USD/CHF correlation with the 10 year treasury. Note the break of resistance above 3.6% yield, needless to say I saw this backed out, and regretted not taking it, the USD/CHF went back above parity, barely.
http://stockcharts.com/charts/gallery.html?$TNX
Bearish indicators for the equities
See free decisionpoint.com for their overbought article on PE ratios at overbought in spite of falling earnings.
The most bullish indication is the leading economic indicator turning up.
The USD hitting a bottom soon? Hope so, Yellen and Fisher appear adamant to oppose further reductions.
Friday- compare the Euro to price of Gold and commodities
http://stockcharts.com/charts/gallery.html?$CRB
http://stockcharts.com/charts/gallery.html?$XEU
http://stockcharts.com/charts/gallery.html?$GOLD
Politics and taxes
McCain is calling for rediverting the oil to consumers rather than the strategic oil reserves. See IBDeditorials for 16 April 2008. $70/ barrel would be the estimated price.
I'm concerned about raising taxes with the new elected officials.
I'm afraid the links aren't working like I want.
With the treasuries breaking above the 3.6 mark, it appears that investors are selling off bonds and going back to stocks. Though many volume days are low lately. Maybe this is a sign that the economy is getting better.
I'll believe it when oil drops and the USD gets stronger.