Comments on: XLF Triangle

By: K

Wed, 18 Nov 2009 04:48:47 +0000

i’m still stressing a TED spread move. here is the latest http://stockcharts.com/h-sc/ui?s=$TED&p=D&yr=0&mn=3&dy=0&id=p20531334594

up 4.3% today.

still the Spread is twice as low as normal but we are gearing up

night all.

By: George

George — Wed, 18 Nov 2009 04:47:54 +0000

2thfixr,

Good point about long-term interest rates; the Fed doesn’t have as much control over them.

I can only suspect that there is a huge carry-trade with short-term interest rates near or at zero. That hurt a lot of folks when they were carrying Japan.

By: K

Wed, 18 Nov 2009 04:45:38 +0000

I wouldn’t mind home prices falling more as I am still waiting for my first one maybe by 2012. or just to be sure wait for 2013? oh wait one the world will end the other is a bad number. LOL

By: 2thfixr

2thfixr — Wed, 18 Nov 2009 04:41:11 +0000

On the same page from K’s home prices link, there was an animated map of the unemployment rate progession from 2007 to Sept 2009. Very scary to watch the country deteriorate into a darker color (higher unemployment)!!!!

http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

For those TBT watchers out there, Daneric’s chart shows that the 30 year bond hit a price channel line indicating it could be a buy and that long interest rates will move higher again. Just letting you know, invest at your own risk…

By: George

George — Wed, 18 Nov 2009 04:29:43 +0000

Good info on houses.

Makes me wonder if Ben is blowing bubbles with the dollar and interest rates. And, isn’t the Fed doing the same thing with housing that caused some of the financial problems in the first place with the low rates?

I reckon it ain’t gonna be perfect. Just something to catalog in the “nice to know for trading” drawer. Anything that moves the market is a blessing.

By: George

George — Wed, 18 Nov 2009 04:19:07 +0000

Julie,

Save an aisle seat on that bus for me. I want to be able to kick back and enjoy the ride.

By: K

Wed, 18 Nov 2009 04:17:13 +0000

DRYS

Big day for DryShips today ($DRYS). I knew something was about to happen given the monster call volume during the past week (link). They announced a $117 Million debt waiver and a $300 Million convertible senior note offering for working capital, vessel acquisitions and general corporate purposes. The capital raise could weigh on the stock as it is dilutive if converted.

By: K

Wed, 18 Nov 2009 04:10:48 +0000

on home prices only 1/4th of the way there?

http://jessescrossroadscafe.blogspot.com/2009/11/have-home-prices-only-fallen-14-of-way.html

By: 2thfixr

2thfixr — Wed, 18 Nov 2009 04:09:40 +0000

Daneric’s chart of the XLF indicates that the MACD and RSI are NOT confirming the peaks, so that is a vote for down move (eventually). Can’t argue with the short term direction however, that this whole market wants to move up.