Sunday Evening Post & Monday Morning Audibles

Hello Capitalists,

The market update component will be a little late tonight and here's the "excuse:" My wife and I were the only people in America that had not been viewers of Mad Men on AMC. This last week we went on a Mad Men "bender" catching up on the first three seasons. The show is fantastic, but the side affect is that I am becoming Don Draper. For the uninitiated, this means I've taken up hard liquor, chain smoking, and womanizing, none of which is good for producing technical commentary on markets.

So, if the reports suck and are late, now you know why....

Gold Report 1 Aug 2010


And, here are some brief thoughts on the S&P futures and DXY.

I'm longer the DXY now at 40% of my Maximum long position. I remain just 20% short of a Maximum short position on the S&P 500. I won't add on to the S&P trade until we see another leg higher. If we never see that next wave up, then I'll just have to cry in my martini...

Market Update 1 Aug 10

Nothing to add to Andy's charts except I'm sure most people caught the Greenspan interview on MEET THE PRESS... I rounded up all the comments around the internet on it, and they were all pretty much what you'd expect based on who was 'opining' on the subject...

So for giggles, I'll add my input on Greenspan here (which should pretty much cover all past & future interviews)...