Global Market Comments August 13, 2009?Featured Trades: (SHANGHAI), ($SSEC), (BALTIC DRY INDEX), ($BDI), (XTO), (NATURAL GAS), ($NATGAS), (UNG), (SPX)? 1) Traders are keeping a laser eye focus on two bellwether markets, which are starting to roll over like a cheap date.? The red hot Shanghai stock market has dropped 10% in the past few weeks, putting
Global Market Comments August 12, 2009 Featured Trades: (GMGMQ), (TM)1) GM says that its new Volt hybrid will get an unbelievable 230 miles per gallon for a 300 mile range when it is introduced at the end of 2010. Does this mean it only has a two gallon gas tank? The $40,000 car will use
Global Market Comments August 11, 2009 Featured Trades: (NATURAL GAS), (UNG), (BYD)1) Welcome to the ?square root? shaped recovery. That is the likely shape of the recovery curve we can expect over the coming years. If you back out what I call the ?2000?s fluff? of excess car production, liar loans, using the home ATM
Global Market Comments August 10, 2009 Featured Trades: (SHANGHAI), ($SSEC), (UUP), (USO), (SPX), (TBT)1) The Mad Hedge Fund Trader will be presenting a lecture to San Francisco?s prestigious Commonwealth Club of California at 5:30 pm on Tuesday, August 11, 2009. It is entitled Does America Have a Future? I will give a brief history of
Global Market Comments August 7, 2009 Featured Trades: (NATURAL GAS), (UNG), (WHEAT), (TBT), (GOLD), (SILVER) 1) Where have all the cheap things gone? Now is the time to exercise your discipline and not behave like a stray dog chasing a fire engine in a crummy neighborhood. Only shop for the bombed out stuff, what stock
Global Market Comments August 6, 2009 Featured Trades: (UNG), (NATURAL GAS), (DVN), (CHK) Special Natural Gas Issue 1)I have been a growling, obnoxious, and highly unpopular bear on natural gas since I put out my sell recommendation on June 2 , just before the crash from $4.30 to $3.10. Since then it has been bouncing around
Global Market Comments August 5, 2009Featured Trades: (SPX), (F)1)Welcome to the new bubble. In four months we have gone from 35% below the 200 day moving average to 15% above. It turns out that 1,000 in the S&P 500 is 38.2% recovery of the fall from the 2007 peak, a great Fibonacci number. DeMark indicators
Global Market Comments August 4, 2009Featured Trades: (EURO), ($CAD), ($AUS), ($NZD), (JNK), (PHB), (HYG), (EWY) 1) The chickens are finally coming home to roost for the dollar, which has gapped since Thursday from $1.40 down to $1.4450 against the euro, and done even worse again the Australian, Canadian, and New Zealand currencies. Crude traders tell me
Global Market Comments August 3, 2009Featured Trades: (NATURAL GAS), (TM)Special Announcement 1) The Mad Hedge Fund Trader will be presenting a lecture to San Francisco?s prestigious Commonwealth Club of California at 5:30 pm on Tuesday, August 11, 2009. It is entitled Does America Have a Future? I will give a brief history of the hedge fund
Global Market Comments July 31, 2009Featured Trades: (SPX), (GS), (MS), (KBE)1) I thought PIMCO co-CEO Mohamed El-Erian hit the nail on the head when he said that the July stock market rally was nothing more than a sugar high. Skyrocketing unemployment does not create new demand. We are going nowhere without a real housing recovery,