Monthly Archives: April 2010

Greek-related problems have a long way to go

Submitted by Logan Schuler: Problems accompanying Greece & Europe are simply not going to go away today, nor tomorrow, nor next month. After the dust settled following the Goldman charges brought by the SEC and investors found their bearings, the … Continue reading

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49 consecutive sessions closing above 20DMA

…and the rally continues unabated. Interesting developments out of financials as Senator Carl Levin (for whom I interned two summers ago) released emails concerning the GS synthetic CDO debacle, while bank 5s10s invert on increasing solvency risk as political pressures … Continue reading

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Positions update

The risk-on trade continued last week, helping our equity longs and resulting in only one closed position for a loss, a 3.33% loss taken in our long FCX holding. After correcting to Aug 2009/Jan 2010 highs, CAD/JPY rallied back to … Continue reading

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EUR/USD breaks Feb cycle lows, resumes downtrend off 50DMA

Not much commentary necessary. The gap-up on news of a loaded gun on the table was a terrific selling-on-strength point and the 50DMA breakout did not hold. Look for continued weakness in commodities and be watching for a quick trip … Continue reading

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Goldman Sachs being sued by SEC for fraud

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Liquidity galore

With earnings season arriving, the equity market continues its rally unabated since its February low, on ever-diminishing volume. In fact, the S&P has had 36 consecutive days without a pullback of 1% or more. Truly amazing. The recent surge in … Continue reading

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