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Archive | November, 2009

Is The Fed Facing Margin Calls From European Banks?

Monday, November 30, 2009

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by Marla Singer and Geoffrey Batt Buried in the depths of page 26 of the Office of the Special Inspector General for the Troubled Asset Relief Program's (SIGTARP's) November 17, 2009 report "Factors Affecting Efforts to Limit Payments to AIG Counterparties" hidden in footnotes 33 and 34 is something of a mystery.

Guest Post: Iran’s Nuclear Ambitions Highlight Kazakhstan’s Uranium Potential

Monday, November 30, 2009

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Submitted by John Daly of www.oilprice.com Iran’s Nuclear Ambitions Highlight Kazakhstan’s Uranium Potential One bonus of the global recession is that it wiped a lot of incompetent hedge fund managers and energy speculators from the canyons of Wall Street. As the Gordon Gecko sycophants regroup and look for the next Big Thing, maximizing profit while minimizing risk, the landscape looks very different than it did a year ago. In such a climate, it is uranium, not oil and natural gas that would seem to have the brightest future for one simple, overriding capitalist principle – supply and demand.

McKinsey Study Finds European CRE Financing Industry Was Never Really Profitable

Monday, November 30, 2009

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McKinsey Study Finds European CRE Financing Industry Was Never Really Profitable

Yet one more nail in the CRE coffin, and another reason why extend and pretend will be with us for years to come, lest investors wake up and find out just how screwed this country's economy really is. In the meantime, IYR is going to the moon.

Cleveland Fed Claims FHA Is Not The Next Subprime, Parallel Study Finds Ice Is Not Really Cold

Monday, November 30, 2009

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More taxpayer money well spent . Then again, the Federal Reserve discovering that the nation's balance sheet is the next repository of worthless and unmanageable residential mortgages (gasp) courtesy of the Fed's own actions would have been worth the price of admission.

Dubai World Press Release

Monday, November 30, 2009

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Certainly you expected substantially the same thing... no?

Goldman Prepares To IPO Its Adesa Car Auction Portfolio Company And Pocket A Nice 3 Year Return

Monday, November 30, 2009

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Don't say the market is unkind to Goldman. First the firm's employees are about to rake in all time record bonuses. Then, courtesy of of a rocking bear market rally, top-tick Goldman is about to get the hell out of dodge in another GS Capital Partners LBO, Adesa, basically a vehicle auction firm, which the firm bought in conjunction with Kelso in 2006

Daily and Weekly View of EEM Emerging Markets

Monday, November 30, 2009

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In the aftermath of last week’s Dubai World market decline, let’s take a look at the EEM - the Emerging Markets ETF to see the recovery and current important level to watch going forward. Weekly Chart:  EEM After falling from its 2007 peak of $53 per share to $17.50 a year later, the most popular, highest volume Emerging Market ETF has recovered around 65% of its decline and is up 65% for the year of 2009 so far, after doubling from $20 to $40 from its March 2009 lows.

Daily and Weekly View of EEM Emerging Markets

Monday, November 30, 2009

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Daily and Weekly View of EEM Emerging Markets

In the aftermath of last week’s Dubai World market decline, let’s take a look at the EEM - the Emerging Markets ETF to see the recovery and current important level to watch going forward. Weekly Chart:  EEM After falling from its 2007 peak of $53 per share to $17.50 a year later, the most popular, highest volume Emerging Market ETF has recovered around 65% of its decline and is up 65% for the year of 2009 so far, after doubling from $20 to $40 from its March 2009 lows. Structurally, price is above the 61.8% Fibonacci retracement near $40 per share, and the $40 level remains a critical price zone to watch for clues of expectation of highs yet to come, or an expected retracement ahead

SPY Intraday Doji into Fibonacci with Divergence Example

Monday, November 30, 2009

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SPY Intraday Doji into Fibonacci with Divergence Example

Friday’s intraday trading action in the SPY gave us a great opportunity to see an example of at least three non-correlated trading strategies/methods coming into ‘confluence’ to create a low-risk, high probability trade set-up.  Let’ see it in action! (Click for full-size) As expected from Thursday’s post , the market gapped down on Friday morning and then suddenly began to recover its losses over the Thanksgiving holiday. It appeared ‘corrective’ in that price moved within a rising trend channel similar to a ‘flag’ (but much more extended), and then price reached a “Decision Moment” or “Technical Decision Node” at the 61.8% Fibonacci Retracement of Wednesday’s close to Friday’s open. This came in at the $110.25 price level just after 10:00am CST when price also formed a negative momentum divergence (external divergence) and then a ‘tiny’ TICK divergence on the doji that formed at this level

SPY Intraday Doji into Fibonacci with Divergence Example

Monday, November 30, 2009

0 Comments

SPY Intraday Doji into Fibonacci with Divergence Example

Friday’s intraday trading action in the SPY gave us a great opportunity to see an example of at least three non-correlated trading strategies/methods coming into ‘confluence’ to create a low-risk, high probability trade set-up.  Let’ see it in action! (Click for full-size) As expected from Thursday’s post , the market gapped down on Friday morning and then suddenly began to recover its losses over the Thanksgiving holiday. It appeared ‘corrective’ in that price moved within a rising trend channel similar to a ‘flag’ (but much more extended), and then price reached a “Decision Moment” or “Technical Decision Node” at the 61.8% Fibonacci Retracement of Wednesday’s close to Friday’s open. This came in at the $110.25 price level just after 10:00am CST when price also formed a negative momentum divergence (external divergence) and then a ‘tiny’ TICK divergence on the doji that formed at this level.

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