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JUST REMEMBERING!!!! Sep 12, 2011 US $ dollar index 09/12/2011.Are we starting a long term upside reversal??
Where can you invest your assets nowadays??
1-)If you want to invest in assets which have low volatility and low risk quality (in US dollar terms), , even if priced on a valued political bias , you should first discover where to find the sellers to sell what you want to buy , also defy their mood and intentions to sell it to you. Even if this task looks like an almost impossible deal , because central banks doesn't like competition to bother their power to define the nominal quotations of their national currency.
So don’t loose your energy and talent in trying to build big long positions in Chinese Yuan currency.
2-)If Swiss bankers are not anymore focused in guaranteeing your financial assets safety anonymity ,and are day after day more pressured to cooperate with the effort of the Swiss central bank to defend the overvaluation of their currency and are unashamed in charging negative interest rates in an over valuated currency .
Don’t loose your dignity and good mood in buying expensive Swiss Francs to store in a Swiss Bank safe box.
3)-If you had a chance to have , at least, high school education and you have attended the essential math class , you will not fell comfortable in investing your savings in a currency of a nation with a national sovereign debt somewhere around 200% of its GDP.
So, if you want to pay a visit to your kind japanese banker , just pass by to have a coffee , when attending the next hotest robotics convention fair . Be carefull , during your free time you can have na earthquake experience as a bonus!
4-)If you are a trend following trader , you may be loaded with commodities exporting dependent "emerging countries" currencies , all over valuated !
So , follow your text books and don’t add risk to a winning but already pricey and risky long position. Throw all longs away , and turn short on those currencies!
5-)If you like the color and the shinning of gold but feel uncomfortable for having lost the last ,long and wild, uptrend , still keep admiring the shine of the metal , KEEP CALM AND BUY A HEAVY GOLD NECKLKE but not a container of GOLD, simply because gold prices are priced in US dollars and when dollar currency is threatened , although not yet discredited , as a global exchange reference for commercial trades , the nominal price of gold go inversely up. And last but not least , remember that "strong currencies reserves” means GOLD in USA central bank. Remember the word "Fort Knox" ???? 9.000 MT of gold are stored there just for fun ......worth at current gold prices 1/4 to 1/3 of USA sovereign debt and roughly a bit less than the sum of all European countries gold reserves , 10 times China reserves , 8 times Russian reserves.
So, from now on , buy diamonds instead of gold to your wife /girlfriend even if it is just to avoid taxes...lol
6-)If you don’t want to help anticipate the real state asset bubble burst in overvalued BRICS , which are the most commodities exporting dependent emerging markets , stay away of a real state property there you will realize that you would be just being seduced buy the luxury and frivolity of possessing a distant Holliday vacation house , airline tickets are cheap and luxury hotels are fair priced .
So, don’t invest in a future headache possibility.
BOTTON LINE : The long , aged and unquestionable US dollar bear market seen to have reached its final and definitive bottom!
SO START BUYING DOLLAR CURRENCY AND KEEP IT ANYWHERE OTHER THEN US SOVEREING DEBT. IF YOU ARE FINANCIALLY AGRESSIVE YOU COULD EVEN INVEST YOUR DOLLARS IN AMERICAN REAL STATE PROPERTIES AND ,WHY NOT, IN INFRAESTRUCTURE RELATED COMPANIES STOCKS.
After important support being tested , strong upside reversal . Ma´s much easier to be broken this time!
After a strong upside reversal , resistances are ahead , but the strong ones are already behind!
Stocks are very cheap historicaly , in relation to gold prices. This is not sustainable for much more time , since the world economy depends on the health of American economy!
Seens very though task for Gold be more valuable when priced in Crude oil prices!
The best and more consistent trend in last 30 years , the nest of the crises! Now supported by Uncle Sam . If and when it bursts , the US dollar will jump the bumps wildely.
VIX are nervous , but still under control , no risk avertion situations in near sight.
1-)If you want to invest in assets which have low volatility and low risk quality (in US dollar terms), , even if priced on a valued political bias , you should first discover where to find the sellers to sell what you want to buy , also defy their mood and intentions to sell it to you. Even if this task looks like an almost impossible deal , because central banks doesn't like competition to bother their power to define the nominal quotations of their national currency.
So don’t loose your energy and talent in trying to build big long positions in Chinese Yuan currency.
2-)If Swiss bankers are not anymore focused in guaranteeing your financial assets safety anonymity ,and are day after day more pressured to cooperate with the effort of the Swiss central bank to defend the overvaluation of their currency and are unashamed in charging negative interest rates in an over valuated currency .
Don’t loose your dignity and good mood in buying expensive Swiss Francs to store in a Swiss Bank safe box.
3)-If you had a chance to have , at least, high school education and you have attended the essential math class , you will not fell comfortable in investing your savings in a currency of a nation with a national sovereign debt somewhere around 200% of its GDP.
So, if you want to pay a visit to your kind japanese banker , just pass by to have a coffee , when attending the next hotest robotics convention fair . Be carefull , during your free time you can have na earthquake experience as a bonus!
4-)If you are a trend following trader , you may be loaded with commodities exporting dependent "emerging countries" currencies , all over valuated !
So , follow your text books and don’t add risk to a winning but already pricey and risky long position. Throw all longs away , and turn short on those currencies!
5-)If you like the color and the shinning of gold but feel uncomfortable for having lost the last ,long and wild, uptrend , still keep admiring the shine of the metal , KEEP CALM AND BUY A HEAVY GOLD NECKLKE but not a container of GOLD, simply because gold prices are priced in US dollars and when dollar currency is threatened , although not yet discredited , as a global exchange reference for commercial trades , the nominal price of gold go inversely up. And last but not least , remember that "strong currencies reserves” means GOLD in USA central bank. Remember the word "Fort Knox" ???? 9.000 MT of gold are stored there just for fun ......worth at current gold prices 1/4 to 1/3 of USA sovereign debt and roughly a bit less than the sum of all European countries gold reserves , 10 times China reserves , 8 times Russian reserves.
So, from now on , buy diamonds instead of gold to your wife /girlfriend even if it is just to avoid taxes...lol
6-)If you don’t want to help anticipate the real state asset bubble burst in overvalued BRICS , which are the most commodities exporting dependent emerging markets , stay away of a real state property there you will realize that you would be just being seduced buy the luxury and frivolity of possessing a distant Holliday vacation house , airline tickets are cheap and luxury hotels are fair priced .
So, don’t invest in a future headache possibility.
BOTTON LINE : The long , aged and unquestionable US dollar bear market seen to have reached its final and definitive bottom!
SO START BUYING DOLLAR CURRENCY AND KEEP IT ANYWHERE OTHER THEN US SOVEREING DEBT. IF YOU ARE FINANCIALLY AGRESSIVE YOU COULD EVEN INVEST YOUR DOLLARS IN AMERICAN REAL STATE PROPERTIES AND ,WHY NOT, IN INFRAESTRUCTURE RELATED COMPANIES STOCKS.
After important support being tested , strong upside reversal . Ma´s much easier to be broken this time!
Nov 11, 2012
Jan 12, 2012
Coffee Update , Jan 12th 2012. Buying signals starting to show up in coffee.
Coffee futures prices may have posted a short, if not a medium term bottom!
After failing to post a convincingly close under 2.20 , a very strong technical and psychological support , prices have rebounded quickly and sharply almost 25 cts , breaking all overhead resistances . Downtrend lines and short and long ma´s resistances were also left behind on a move with good volume and increasing OI , showing that new longs are challenging recently added new shorts who sold short at market bottom.
A close over 2,38 (dec 2011 high) will start to scare the weakest bears , a close over 2,42 (2010 high) will make must of them cover shorts , possibly pushing prices on a quickly run to 2,50/2,55 , where fundamentals will impose next price move.
All graphical lines and technical indicators or oscillators supports this short term scenario.
Rgds
Alvaro
After failing to post a convincingly close under 2.20 , a very strong technical and psychological support , prices have rebounded quickly and sharply almost 25 cts , breaking all overhead resistances . Downtrend lines and short and long ma´s resistances were also left behind on a move with good volume and increasing OI , showing that new longs are challenging recently added new shorts who sold short at market bottom.
A close over 2,38 (dec 2011 high) will start to scare the weakest bears , a close over 2,42 (2010 high) will make must of them cover shorts , possibly pushing prices on a quickly run to 2,50/2,55 , where fundamentals will impose next price move.
All graphical lines and technical indicators or oscillators supports this short term scenario.
Rgds
Alvaro
Dec 3, 2011
Coffee Update , Dec 3rd 2011. Sowing the seeds for a buying opportunity at lower price levels
Coffee Ny:
Sowing the seeds for a buying opportunity at lower price levels!
Unable to defeat 2.40 very strong resistance!!!:(round number ,old neck line broken support , daily ++weekly falling mov avgs levels with their importance being enhanced by downside crossing of LT ma with ST ma.
Lack of trend indications (ADX) , a long and boring volatile sideways "zig-zag".
A bearish triangle showing up on the maps....
Fibonacci 50 % retracement @ 2,20 starting to show up "tired" signals.....
Fibonacci 61,8% retracement @ 2,00 waiting quietly to be touched...
LAWS OF GRAVITY WILL RULE PRICES ,SOON.......
BOTTON LINE:
If fundamentals can´t make you feel confortable in going short around 2,00 level.
Take the opportunity to go long , start when volatility abbates and daily volume increase . Add to longs inversely to new fund shorts!!!
Rgds
Alvaro
Sowing the seeds for a buying opportunity at lower price levels!
Unable to defeat 2.40 very strong resistance!!!:(round number ,old neck line broken support , daily ++weekly falling mov avgs levels with their importance being enhanced by downside crossing of LT ma with ST ma.
Lack of trend indications (ADX) , a long and boring volatile sideways "zig-zag".
A bearish triangle showing up on the maps....
Fibonacci 50 % retracement @ 2,20 starting to show up "tired" signals.....
Fibonacci 61,8% retracement @ 2,00 waiting quietly to be touched...
LAWS OF GRAVITY WILL RULE PRICES ,SOON.......
BOTTON LINE:
If fundamentals can´t make you feel confortable in going short around 2,00 level.
Take the opportunity to go long , start when volatility abbates and daily volume increase . Add to longs inversely to new fund shorts!!!
Rgds
Alvaro
Oct 31, 2011
Brazil Bovespa Update , Oct 31 2011
Struggling to go higher in response to external temporary optimism.
But sooner than later, Ibovespa listed companies with a big dependency on China purchases (Iron Ore, Soybeans and poultry meat,) will weight on the index upside potential. Oil prices staying steady around recent levels will also weight on Petrobras upside potential. Dollar / Real rate, looking also steady after leaving behind seemly historical lows should also feed future inflation, making banks performances less profitable than last couple of years, with their risk exposure more questionable.
65.000 should become a tough barrier to be broken.
.
But sooner than later, Ibovespa listed companies with a big dependency on China purchases (Iron Ore, Soybeans and poultry meat,) will weight on the index upside potential. Oil prices staying steady around recent levels will also weight on Petrobras upside potential. Dollar / Real rate, looking also steady after leaving behind seemly historical lows should also feed future inflation, making banks performances less profitable than last couple of years, with their risk exposure more questionable.
65.000 should become a tough barrier to be broken.
.
Oct 25, 2011
Coffee Update: October 25, 2011
Coffee Update: October 25, 2011
Coffee futures prices have been behaving without any technical unexpected surprises last couple of trading days!
The upside gap @ (KCZ1) 2.5100/2.5135 was closed today but not yet convincingly left behind , with the daily closing @ 2.5115.
Recent upside move is challenging and almost defeating short term important resistances.
Although this move has been made with lower than average daily volume, increasing open interest has been supporting recent up move. Technical biased buyers still look to have more upside price pushing power, at least in keep trying to push prices up to 2.60/2.65.
Medium term direction still is undecided , any bets should be made on a short term basis with tight stops!
Coffee futures prices have been behaving without any technical unexpected surprises last couple of trading days!
The upside gap @ (KCZ1) 2.5100/2.5135 was closed today but not yet convincingly left behind , with the daily closing @ 2.5115.
Recent upside move is challenging and almost defeating short term important resistances.
Although this move has been made with lower than average daily volume, increasing open interest has been supporting recent up move. Technical biased buyers still look to have more upside price pushing power, at least in keep trying to push prices up to 2.60/2.65.
Medium term direction still is undecided , any bets should be made on a short term basis with tight stops!
Oct 20, 2011
Power Track Futures: Coffee Update: October 20, 2011
Power Track Futures: Coffee Update: October 20, 2011: Coffee Update: October 20, 2011 Elliott waves counting are becoming clearer, showing at each new chart bar , that we may just be in...
Coffee Update: October 20, 2011
Coffee Update: October 20, 2011
Elliott waves counting are becoming clearer, showing at each new chart bar , that we may just be in a “slow , wide and complex” bull market corrective wave 4.
As long as the 2.00 level is respected on a weekly closing basis , this scenario can still be considered as a strong possibility.
Daily/Weekly/Monthly : So far the market has performed accordingly to a “Zig-Zag” (5-3-5) bear correction of the last Bull Run, the only doubt right now is :
a) if the “B” wave of the correction has been completed at 2.9085(KCZ1) and the correction has ended with the 2.1980 low , completing the “C” wave .
b) or if we can still test the resistance line of the down trend channel around 2.60 before a new downside leg completes the correction with one more leg down to test the 2.1980 low or even the 2.00 support ,completing wave C)
On the pure technical/graphical side, if the market is able to post a weekly close over 239.55 this Friday , the odds will favor a quick challenge of last recent resistances at 2.4050/2.4225 (last year´s close and high) , then if the gap at 2.5100/2.5135 is closed and convincingly left behind , the odds will favor the bet on the end of the downside correction at the 2.1980 (KCZ1) low.
Oct 9, 2011
Coffee Update-(All mkts in stand-by mode.Decreased volatility (VIX) confirms this!)
Correct assessements of fundamental data changes will make the diference in the achievement of success in positions on medium term .
For coffee ,watch the rainfall patterns ,it must continue within average seasonality,from now on, first two weeks of october are a turning point to coffee belt spring rainfall patterns , at least historical average october rainfall are needed this year to support and grow the good recent flowerings which points to a record "on year" coffee crop in 2012-2013.
Before the spring flowerings "beans promises" does not become "coffee tree assured buds", more or less, at the end of this year , coffee prices should respect technical supports untill there!
Daily: 2.20 level should hold this week.Last week rally has happened on increasing open interest (+- 3.000 lots) and low volume , which shows that new sellers were not there anymore , friday´s plunge has happened on low volume and appears to be: "weak hands" pre-weekend liquidation.
Weekly: After testing the 50% Fibo retracement of the 1.30/3.10 rally at 2.20 ,the neckline resistance around 2.36 was challenged and not broken, creating an weekly indecision candlestick on the charts.
Open interest shows that close to 14.000 lots were added as new shorts during the 2.90/2.20 plunge , last week mkt data has shown that new shorts selling potential seens to be exausted.
Botton Line: Weekly charts are still bearish ,but ma´s channel support was touched and many technical divergences are showing up on daily charts. With the help of seasonality:(Brazil crop selling end rally)+ temporary weather uncertainties,few agressive new buyers could be able to oblige indulgent greed shorts to liquidate their short positions.Despite last friday wild plunge , new agressive longs could easily return to the mkt this week , if they succeed in pushing prices above 2.36 , the next upside objective will be the test of the open upside gap at 2.5100/2.5135.
Risk-reward odds favors bullish biased short strangles.(i.e. sell close to the money nearby puts and sell further out of the money nearby calls) (ex: sell kcz11 2.00 puts + kcz11 2.50 calls for a total premium of 500 points).
Good trades.
For coffee ,watch the rainfall patterns ,it must continue within average seasonality,from now on, first two weeks of october are a turning point to coffee belt spring rainfall patterns , at least historical average october rainfall are needed this year to support and grow the good recent flowerings which points to a record "on year" coffee crop in 2012-2013.
Before the spring flowerings "beans promises" does not become "coffee tree assured buds", more or less, at the end of this year , coffee prices should respect technical supports untill there!
Daily: 2.20 level should hold this week.Last week rally has happened on increasing open interest (+- 3.000 lots) and low volume , which shows that new sellers were not there anymore , friday´s plunge has happened on low volume and appears to be: "weak hands" pre-weekend liquidation.
Weekly: After testing the 50% Fibo retracement of the 1.30/3.10 rally at 2.20 ,the neckline resistance around 2.36 was challenged and not broken, creating an weekly indecision candlestick on the charts.
Open interest shows that close to 14.000 lots were added as new shorts during the 2.90/2.20 plunge , last week mkt data has shown that new shorts selling potential seens to be exausted.
Botton Line: Weekly charts are still bearish ,but ma´s channel support was touched and many technical divergences are showing up on daily charts. With the help of seasonality:(Brazil crop selling end rally)+ temporary weather uncertainties,few agressive new buyers could be able to oblige indulgent greed shorts to liquidate their short positions.Despite last friday wild plunge , new agressive longs could easily return to the mkt this week , if they succeed in pushing prices above 2.36 , the next upside objective will be the test of the open upside gap at 2.5100/2.5135.
Risk-reward odds favors bullish biased short strangles.(i.e. sell close to the money nearby puts and sell further out of the money nearby calls) (ex: sell kcz11 2.00 puts + kcz11 2.50 calls for a total premium of 500 points).
Good trades.
Veteran Traders Share Some Wisdom by Jim Wyckoff
Veteran Traders Share Some Wisdom
(NOTE: I write this story many years ago, but it still hold its value today.)
An elite group of traders and technical analysts gathered in Las Vegas last weekend to educate and enlighten several hundred attendees of the 21st annual TAG (Technical Analysis Group) conference. For two and one-half days, these respected market watchers shared their trading secrets and strategies.
Following are some trading and technical tidbits this writer picked up from this year's TAG 21 conference, which was put together by Tim Slater, a respected technician in his own right, and was sponsored by INO.com.
* One of the themes coming out of this year's conference was the increased volatility in the stock market, and how traders with a futures-related trading background have used their experience with volatility to obtain better entry and exit points in stock trading. Most agreed that whether one trades stocks, or financial futures, or commodity futures, there are key trading techniques and tenets that apply to all three.
* All the speakers heard by this writer pointed out that successful traders must have a specific trading plan before they execute a trade--and show keen discipline in following through on the plan. This includes entry points and potential exit strategies--including setting stops. Always set a stop when trading.
* Keep a diary when trading. This helps identify any trading mistakes, or trading successes, in future decision-making on trades.
* Have a money-management plan. This is a must. Know what your financial risk tolerance is and trade accordingly.
* Don't add to a losing position.
* If you are in a trading slump, take a break for a few days or weeks, in order to reflect upon your trading methodology.
* Do not overtrade. This is a common mistake among many traders.
* Take advantage of market trends. "The trend is your friend" saying rings true. Use extra caution when trading against the prevailing trend of the market. Don't try to pick tops or bottoms.
* Let your profits run and cut your losses quickly.
* The fundamentals in any given market are always most bullish at market tops and most bearish at market bottoms.
This is where the "buy the rumor, sell the fact" anecdote sometimes comes into play.
* There is no Holy Grail in trading. There is no "free lunch." Trading successfully is hard work.
* Most speakers said their methodologies should be used as one "tool" amid a variety of tools in your own trading "toolbox."
Jim Wyckoff
(NOTE: I write this story many years ago, but it still hold its value today.)
An elite group of traders and technical analysts gathered in Las Vegas last weekend to educate and enlighten several hundred attendees of the 21st annual TAG (Technical Analysis Group) conference. For two and one-half days, these respected market watchers shared their trading secrets and strategies.
Following are some trading and technical tidbits this writer picked up from this year's TAG 21 conference, which was put together by Tim Slater, a respected technician in his own right, and was sponsored by INO.com.
* One of the themes coming out of this year's conference was the increased volatility in the stock market, and how traders with a futures-related trading background have used their experience with volatility to obtain better entry and exit points in stock trading. Most agreed that whether one trades stocks, or financial futures, or commodity futures, there are key trading techniques and tenets that apply to all three.
* All the speakers heard by this writer pointed out that successful traders must have a specific trading plan before they execute a trade--and show keen discipline in following through on the plan. This includes entry points and potential exit strategies--including setting stops. Always set a stop when trading.
* Keep a diary when trading. This helps identify any trading mistakes, or trading successes, in future decision-making on trades.
* Have a money-management plan. This is a must. Know what your financial risk tolerance is and trade accordingly.
* Don't add to a losing position.
* If you are in a trading slump, take a break for a few days or weeks, in order to reflect upon your trading methodology.
* Do not overtrade. This is a common mistake among many traders.
* Take advantage of market trends. "The trend is your friend" saying rings true. Use extra caution when trading against the prevailing trend of the market. Don't try to pick tops or bottoms.
* Let your profits run and cut your losses quickly.
* The fundamentals in any given market are always most bullish at market tops and most bearish at market bottoms.
This is where the "buy the rumor, sell the fact" anecdote sometimes comes into play.
* There is no Holy Grail in trading. There is no "free lunch." Trading successfully is hard work.
* Most speakers said their methodologies should be used as one "tool" amid a variety of tools in your own trading "toolbox."
Jim Wyckoff
Sep 23, 2011
Us$ Dollar Index update: "The trend wants you as her friend" !! Keep going with her!
Stay with the uptrend : If we pass 81.00 , next objective is 89.00!
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Where can you invest your assets nowadays?? 1-)If you want to invest in assets which have low volatility and low risk quality (in US dollar...
