Morning Corner 1.27.11

Posted by AmenRa on Thursday, January 27, 2011 /
NFLX (weekly info)
-no change (below mid)
trend=up
high= 195.00
rev= 171.29; mid= 183.15




Well let's see. AH is showing a print of 202.10 so there was definitely a ramp after earnings. I'm still wondering how long their model will hold up since they don't own the infrastructure to transport data. But until then JBTFD.



Gold/Silver (weekly info)
WEEKLY REVERSAL new high 48.811
trend=no
direction=up (1 bar)
rev= 46.062; mid= 47.433




The pressure to get silver down seems to be increasing. Silver price is dropping faster than the price of gold. Have they given up trying to push down gold and are putting all of their weight behind pushing down silver? Since COMEX grandfathered those who had outsized positions I'd say watch your back.


It's bad enough the SPX is sitting just under 1300 with the EOM a few days away. So if you're short I'd tell you to...


...that's only if the problems in Europe don't escalate further and crash their markets.



***Brian Sack to the PD's (re: recent auctions) "Give It/Them To Me Baby"

218 comments:

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Anonymous said...

No more pretty colors.

http://www.bloomberg.com/news/2011-01-27/color-coded-u-s-terror-alerts-to-be-replaced-by-specific-warning-system.html

I-Man sees only the Dow. That is his instrument. We have to worry about all the other stuff.

January 27, 2011 at 3:59 PM
I-Man said...

Karen, I fear you are clinging to old ideas.

But this is cool, its what makes a market.

Let us set this bet in stone, to add to the annals (no, LB) of digital Traderhood for ever...

The prize?

Two pints of the beer of your choice at the bar on the San Clem pier, when I am there in April.

If the highest print on the DJIA is in January, you win.

If the highest print is in March, I win.

Deal?

January 27, 2011 at 4:02 PM
A fixed income analyst to be named later said...

Tomorrow is another day.

Today we made our divvys. All good.

The JGB market didn't blow up, making it even less likely that USTs will blow up. We have a plan for tomorrow.

Long the GDP, short the consumer confidence?

Fading you, JOHN E. Sold to you.

January 27, 2011 at 4:03 PM
I-Man said...

Full Disclo:

Even if I lose (not likely,) I will be paying for your beer with the money I make shorting my mistake.

:)

January 27, 2011 at 4:04 PM
karen said...

sounds like a win either way! i am definitely in : )

January 27, 2011 at 4:04 PM
Anonymous said...

Dow 11989.90
S&P 500 1299.55

Does that mean K has to wear them or take them off?

Surely K would quaff wine or champagne and not beer?

January 27, 2011 at 4:06 PM
I-Man said...

If nothing else, this little wager will make it easier for all of you bearish folks to stomach the slow upward grind of US equities...

Call it cheap thrills.

January 27, 2011 at 4:07 PM
I-Man said...

The lady can drink whatever she wants, as long as its not top shelf. LOL.

January 27, 2011 at 4:08 PM
Anonymous said...

Macro Man funny today on Baltic Dry and JGB downgrade:

http://macro-man.blogspot.com/2011/01/bdiy-underwater.html

January 27, 2011 at 4:08 PM
Tepper-Hotter than a Tabasco pepper said...

I am not bearish...I love it. I have tattooed Big Ben on my Behind.

January 27, 2011 at 4:12 PM
Jennifer said...

oops on AMZN...that'll sting tomorrow.

January 27, 2011 at 4:12 PM
Bruce in Tennessee said...

Thanks for the macro man post, Lefty. I feel smarter already...

January 27, 2011 at 4:16 PM
A fixed income analyst to be named later said...

The Bond Report 1.27.11

A solid 7y auction today. Treasuries were stronger in the afternoon. The long bond tickled 4.62% before the miserable claims number came out. Otherwise not much action to relate.

Corpies: LQD 0.21%; AGG 0.18%; JNK 0.02%; HYG 0.13%
Govies: TLT 0.35%; IEI 0.19%; TIP -0.12%
Munis: IQI 0.08%; MUB -0.13%
Mortgages: MBB 0.13%
Hedgies: TBT -0.64%

GDP ahead tomorrow. Bear in mind that with the huge jump in $gaso, this might actually trump the consensus of 3.5%. We think any dip in high quality bonds tomorrow would be a great entry opportunity. Looking at you, TLT, LQD, AGG etc. We would sell JNK on strength.

Monday brings Chicago PMI, maybe reality intrudes.

Equities 14% long. No shorts.
Bonds. 11% HYG/JNK, 5% TIP, 3% LQD, 10% AGG, 6% TLT. 35%.

Be careful out there.

January 27, 2011 at 4:17 PM
Ben Roethlisberger said...

I have tattooed Big Ben on my Behind.

That's very flattering. You are a Pittsburgh guy.

January 27, 2011 at 4:18 PM
karen said...

I-Man knows that I adore a good beer.. I think I out drank him last time, LOL. Might open up a Chimay Grande Reserve and sit by the pool, as a matter of fact.

January 27, 2011 at 4:24 PM
I-Man said...

I had to drive, lets be fair, now...

I'm off in hunt of fresh chrome, sea-liced, winter steelhead... might crack a can of Natty Lite streamside.

January 27, 2011 at 4:32 PM
Anonymous said...

http://finviz.com/quote.ashx?t=tlt

c:91.44+0.41

January 27, 2011 at 5:19 PM
Anonymous said...

BinT,

nice Houndage! (re: pic)

AAIP

January 27, 2011 at 5:20 PM
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