Search results

The threat has to be there for bulls to climb the wall of worry. Anyway its not all false rumours, european peripheral bond yields have come down pretty drastically in the last month or so (thanks to the LTRO), so there have been some real improvements.

Yea EUR looks weak, but I noticed that the correlation between EUR and ES seems to have weakened considerably in the past few weeks, seems to be the case again today, so far at least.

I don't think we are going to see 1260 again anytime soon, in fact we haven't even been able to retest SPX 1295.

Will we finally see SPX 1340s today? :D

Them yields gone above 8% yet?

It is, but chart patterns are imo, very unreliable on shorter time frames. You will find plenty of failed H&S patterns on shorter time frames.

I think its because the SPX daily chart is bearish (short term at least). I dont think we are done with the downside.

Because they are expecting them to go even higher... Bonds have pretty much rallied with stocks for the past 3 years, there is no reason why this wouldn't continue to be the case.

Yea sounds crazy but thats whats been going on since 2009, the banks are not lending out their money to the people with no jobs, they know they won't get them back. The only safe and easy way to get returns on that free money is long dated treasuries, its just another form of stealth QE.

The banks? Bernanke is offering them free money "forever" and they are using that money to buy up long dated treasuries, its an almost risk free arbitrage/carry trade.

EUR broke 1.32.

Yea it was due to the european sovereign debt crisis, risk currencies like the AUD/EUR had a >90% correlation with the ES during the 2nd half of last year.

They were trading in lock-step for most of last year, its very rare to see EUR rip 80pips while ES continues to do its thing (which is down for the most part).

And the EUR did not really sell off even though ES was very weak yesterday, the correlation between these assets have been weakening lately.

Looks like a swing top. The selling is pretty massive.

Target hit today, anything above is going to be serious res for euro/dollar. Mid term target of SPX 1340 is getting pretty close too, hmmm....

I think SPX will find serious resistance at 1340s, it won't get past that area easily.

No point getting angry with the market, its not going to change anything, just take your losses and move on.

Most likely due to huge overhead res, bulls wary.

EUR/USD getting close to big res.