Thursday 23May2013 - The Debt Crisis!

The boomer generation continues to execute their "I'm all right Jack!" theme.
With no regard for the well being of the young generation coming up.
The message seems to be: So what if they are handcuffed to a huge debt not of their making. That's just the way the cookie crumbles..

 

 

Sunday 19May 2013 - Dagwood's Take!

 
 

Sunday 19May2013 - Stock Market Action!

This past Thursday the NYSE Bullish Percent Index did a reversal to the upside which is a bullish for the US equity markets. However at the current 77.78% it is very close to highs reached over the past 13 years. So it is probably best to remain on the side lines for now. The run up in the SP500 has turned parabolic and a reversal to the downside could could be sharp and brutally fast.

Wednesday 15May2013 - Currency Market Action!

It appears that the US dollar is ready to move higher against the currency index basket.
With todays close at 83.79 the US dollar has now broken above the 04Apr2013 83.49 and ready to challenge the July 2012 high at 84.10. Once it breaks above 84.10 the next target 88.70 

Chart from Juggling Dynamite web site. Click to enlarge image.

 As a Canadian I continue to trade this trend by being long the US dollar and short the Euro with EUO-NYSE (ProShares Ultra Short Euro ETF).

 

 

 

Euro vs US dollar. Chart from EWI Short Term Update.

Click to enlarge.

 

Tuesday 07May2013 Dagwood's Take!