Rate Change in China Stops the drop! $SPX

April 20, 2015 9:43 am / Published in EUR/USD, Europe, Germany, Nasdaq, Nasdaq and NYSE, NDX, Rates, USA, USD, XIV
Over the weekend, People’s Bank of China cut banks’ reserve ratio requirement.  This aggressive move reflects serious concern on the part of the Chinese government about the slowing economy. It is not news to investors that these days stocks often jump on intervention by central banks on worries about weak economy. Chinese action has stopped

Update on $SPX short hedge

April 14, 2015 1:03 pm / Published in VIX, VXX, XIV
SPX, trading at the low range of yesterday levels. Bulls rechected lower levels so far today. Concerns about the impact of the dollar’s strength on the profits of multinational companies dragged Wall Street lower. Treasuries edged higher ahead of a busy week of economic data. Crude rose, supported by worries about Iran and turmoil in Yemen,

$VIX and $SPX

April 13, 2015 4:48 pm / Published in SP500, SPX, SPY, VIX, VXX, XIV
I am cautious at this levels.  I do not appreciate the VIX spike with respect of the price action in the SP500. See chart below.            

Bears did not push hard enough $VIX

April 1, 2015 6:36 pm / Published in VIX, XIV
Stocks extended losses and the dollar dipped on disappointing U.S. manufacturing and private sector employment data, while bets on a slower move by Fed on rates pushed Treasuries higher. Oil jumped on smaller-than-feared U.S. stock build and gold advanced.  

$Copper, $Gold and Silver – Looking to add shorts $EUR

March 25, 2015 10:54 am / Published in Bonds, EUR, FED, Hedge, Silver, XIV
The Commerce Department report on non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, is expected to rise 0.3 percent in February. Economists polled by Reuters expect a 0.4 percent rise in durable goods order for last month. Euro is strong and has staged, at least temporarily, a breakout above

Yesterday Recap and Early Update

February 24, 2015 10:46 am / Published in XIV
Yesterday, the Dow and S&P fell as a slump in oil prices dragged energy shares down, while gains in Apple pushed the Nasdaq higher. Treasuries gained on expectations of a dovish tone from Fed chair Janet Yellen’s testimony on Tuesday. The greenback rose against most currencies, while spot gold steadied. Today one again we need