Tuesday, February 1, 2011

April 2010 Highs - Comparisons

This market just continues to move up or should I say the ES futures continue to move up causing the markets to catch a bid.  Regardless, following the prior posts comparing this market to the 2010 April highs, the SPX in theory would top out around 1294-96.  The USD looks like it's going to test the three year trend line as it just cannot catch a bounce.

Million person march going on soon in Egypt.  Two words.  Geopolitical Risk.

Lastly, the bond market, long end of the curve at least are continuing their sell off and they too look to be breaking below the range they've traded in.

I continue to spectate other than the credit call spreads I currently have.  


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