Sunday Evening Post & Monday Morning Audibles

Good Evening All,

It was an interesting week with the S&P Cash market failing to take out the 1131 once again. That level is indeed the "Ultra Pivot." It's worth pointing out, however, that the futures DID take out the proposed "neckline" in the pre-market on Friday morning and then FAILED. It looked quite bearish pre-market, but the cash index "hung in there" before the weekend.

It was several weeks ago when I suggested that we were in the middle of "choppy" and complex period--that has definitely been the case. At this point, though, we seem to be nearing the end of the "choppy" period and it seems like a good idea to increase our short position. We'll be going from a 20% Max Short to a 30% Max Short this evening.

The DXY took an unexpected dip this week that stopped me out of all DXY length. I still like that market for a long side bet, but the pattern is a little too confusing at this point. It's something that will need more analysis this week.

Random "Football" Thought: Can anyone beat Chelsea? The Blues seem somewhat unstoppable at this point. They are 5-0 having scored 17 times and allowing only ONE goal. Those are some gaudy numbers.


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CV adds, 9.20.10... As ususal, I'll let Andy's column stand as the Monday Morning Audibles in the abscence of some major news event...


CV is looking, "hoping" really, for the end of this 8+% in September... I should be happier this weekend because it ended up positive versus the bookie, & all 3 of my fantasy teams won (well - one isn't over yet, but the other guy needs the Saints to basically shut down the 49ers, and engineer 4 sacks 4 turnovers and a trip to the end zone)... But ya never know... 


Put it this way... that's about what the dollar needs to get going (and to get a correction in PM's), but we all know where that's going...


The downside (to my weekend)... Is only that I put about 6 hours of work into the yard on Saturday morning (mostly leaf duty)... Left to move some furniture to the farm... Come back this morning and there are now more leaves down than when I left Saturday... Kinda feels like trying to "short" any asset prices...


Nobody wants me to attach any Bloomberg headlines here because they would just piss you off... Or, if your thinking lines up with certain hues of pastel... You could debate them as functioned reasoning... I don't have time...


There - now I feel better :-)... ROR


Good Luck Trading!

Some sage words from Milton Friedman.....

S&P Update 19 Sep 10