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Archive for February, 2011
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Business As Usual Monday Wrap Up

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February 28, 2011

Business As Usual Monday Wrap Up

And here we are again – Scott and evil Mole eagerly anticipated today’s tape and it pretty much turned out as expected. Maybe less fireworks than hoped but here we are closing at SPX 1328 again. Forget about cross index divergences – the bears seemingly lost another battle and it’s POMO business as usual.

The ZL was on fire today – it never believed that mid day drop an started to paint a small but textbook divergence. I did not recommend long positions as the signal was way too weak. I however pointed out that we may find ourselves at the top of the StdDev line should we make it above VWAP. And that’s exactly what happened – [...]

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Attack Of The POMO Monster

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February 25, 2011

Attack Of The POMO Monster

In late 2008 The Bernank was not happy at all. The Fractal monster had become way too unpredictable and even worse – it had acquired a taste for prime rib steak. So it was time to create a creature ready to take it on – one that Banana Ben could strut around on a leash and use it to scare Congress every once in a while. After much genetic engineering its incubated nucleus was sent into the FOMC breeder which after a few weeks gave birth to what we now know as the POMO Monster:

Yes, there is a reason it’s got a green tongue – as its diet is a shredded bundle of freshly minted treasury bonds. Let’s look at our updated POMO consumption [...]

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Attack Of The GTC Monster

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February 25, 2011

Attack Of The GTC Monster

Deep inside the murky bowels of the NYSE lurks a terrible monster bred for boundless greed and the accumulation of ill gotten gains. Due to its immense size and an over bloated ego it is suffering of an insatiable appetite that can only be satisfied by devouring the souls of hapless retail traders.

It is called the Fractal Monster – and when it threatens to strike you better get out of its way… [amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you [...]

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Follow Through Wednesday Wrap Up

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February 23, 2011

Follow Through Wednesday Wrap Up

Today’s follow-up on yesterday’s drop was a bit of a surprise to me quite frankly. Let’s look at our VIX chart to support my point:

What this means in the long term – well, first I have to see tomorrow’s tape but my initial assessment is available below for subscribers.

Now to today’s wrap up:

The ZL was surprisingly negative today – as a matter of fact the signal was more negative than during yesterday’s massive drop! There was a bit of a divergence at the lows but not enough to justify going long aggressively. We did make it to VWAP and I pointed out that the signal would need to get over that [...]

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