Wednesday, September 13, 2006
Tuesday, August 22, 2006
Friday, August 04, 2006
Thursday, August 03, 2006
Wednesday, August 02, 2006
Tuesday, August 01, 2006
From FT:
He said that in an efficient market, such seasonal anomalies should tend to be arbitraged away. “Once an anomaly becomes well known, the speculative market begins to pre-empt it,” said Mr Meggyesi.
Last week’s 1.3 per cent rise in yen/dollar may have been the pre-emption, and Tuesday’s fall a dose of profit-taking.
He said that in an efficient market, such seasonal anomalies should tend to be arbitraged away. “Once an anomaly becomes well known, the speculative market begins to pre-empt it,” said Mr Meggyesi.
Last week’s 1.3 per cent rise in yen/dollar may have been the pre-emption, and Tuesday’s fall a dose of profit-taking.
I've updated my charts: click.
Current themes:
Strong recent earnings
Oil has peaked short term
Continued growth in China
Maturing boomers pushing growth in biotech
Weakening US$
I'm short EURUSD at the end of the day only because it's over-bought on both the hourly and daily. That's a day trade. I expect to return to long-term long on EURUSD at the next reversal.
I like USDCAD short but I missed the entry.
Same with EURAUD with a huge channel.
AUDUSD is riding the 13-day ema.
I'm short SPY, OIH and XLE.
GOLD and Copper are building to pennant breakouts. Should be tradable in a week or so.
Current themes:
Strong recent earnings
Oil has peaked short term
Continued growth in China
Maturing boomers pushing growth in biotech
Weakening US$
I'm short EURUSD at the end of the day only because it's over-bought on both the hourly and daily. That's a day trade. I expect to return to long-term long on EURUSD at the next reversal.
I like USDCAD short but I missed the entry.
Same with EURAUD with a huge channel.
AUDUSD is riding the 13-day ema.
I'm short SPY, OIH and XLE.
GOLD and Copper are building to pennant breakouts. Should be tradable in a week or so.
Friday, July 28, 2006
EURUSD short @ top of channel may reverse
USDJPY long @ bottom of channel
CHFJPY long a bit early
EURAUD basing @ support. Early. Buy @ 1.6597
EURJPY long @ bottom of channel
How can the AU$ be strong against the US$ and ¥ but weak against the € ?
Equity:
SMH short: couldn't fill
BBH short: I don't have the heart
OIH short: I'm already playing XBT TC
MDY short
USDJPY long @ bottom of channel
CHFJPY long a bit early
EURAUD basing @ support. Early. Buy @ 1.6597
EURJPY long @ bottom of channel
How can the AU$ be strong against the US$ and ¥ but weak against the € ?
Equity:
SMH short: couldn't fill
BBH short: I don't have the heart
OIH short: I'm already playing XBT TC
MDY short
Thursday, July 27, 2006
Wednesday, July 26, 2006
AAPL position running extremely well. A pullback at this point would be welcome to add on. Moving my stop to 61.97.
AUDJPY broke through my stop and kept running. This is a genuine breakout that I'd continue to short on fundamentals, but I'm compelled to go long on the technical strength. From dailypfennig.com:
The Australian Dollar rose to its weekly high overnight as speculation the central bank will raise interest rates next week pushed it up. The Aussie should continue to rally today as a report overnight showed consumer prices rose at the fastest pace in almost six years in the second quarter, breaching the central bank's inflation target. Annual inflation is now running at 4%, well above the 2 - 3% band Reserve Bank Governor Ian Macfarlane is ordered to keep it within.
I'll buy a 5 lots long, half of my short. Shorting 10 EURUSD as well.
AUDJPY broke through my stop and kept running. This is a genuine breakout that I'd continue to short on fundamentals, but I'm compelled to go long on the technical strength. From dailypfennig.com:
The Australian Dollar rose to its weekly high overnight as speculation the central bank will raise interest rates next week pushed it up. The Aussie should continue to rally today as a report overnight showed consumer prices rose at the fastest pace in almost six years in the second quarter, breaching the central bank's inflation target. Annual inflation is now running at 4%, well above the 2 - 3% band Reserve Bank Governor Ian Macfarlane is ordered to keep it within.
I'll buy a 5 lots long, half of my short. Shorting 10 EURUSD as well.
Tuesday, July 25, 2006
Monday, July 24, 2006
Wednesday, July 19, 2006
Tuesday, July 18, 2006
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