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Thursday, June 30, 2011

Long Term ETF Trades The year is half over so it is time for a bit of longer term reflection. A review of the account and a check for some longer term trade opportunities. As I look at the weekly and monthly charts there are two longer term pairs trade ideas that show up between some of the macro ETF’s.…

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The market has become short term overbought as indicated by the McClellan Oscillator.  However, the first day of July tends to be bullish so it would not be surprising to see more upside tomorrow morning.  There have been several instances in the past when a selloff was seen after the 4th of July holiday when the market was overbought, so…

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Bearish Options Trading on the SPDR S&P Homebuilders ETF (San Francisco Chronicle) Recently, one options trading investor made a very bearish options trade on the SPDR S&P Homebuilders ETF, the exchange-traded fund that consists of US builders and home-furnishings companies. The options trading position lifted the ETF’s put volume to a six month high in the wake of housing prices…

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Or, a weblog post for the benefit of those unable to read beyond a technical paper’s abstract, a clarification of what exactly Romer and Romer (2010) found regarding the impact of tax increases on tax revenues. This note is inspired by Econbrowser reader Ricardo (who also goes under the monikers of RicardoZ, Dick, and DickF) who inaccurately (but with inexplicable…

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Darden Restaurants (ticker: $DRI) reports earnings after the bell on Thursday. Coming into earnings it has rising off of support of the ascending triangle at 47 and is now testing the top of the triangle at 50. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicator both point higher as shown in the chart below. But it…

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??By Michael Pettis Much of last week’s newsletter was on the data that was released on inflation, new loans, investment, etc. One thing worth noting in the current environment is that small and medium enterprises (SMEs) are hurting, and last week’s minimum reserve hike – which came out the same day as the CPI number – will undoubtedly make things worse…

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Dear #field8#,
Ron Rowland
The ETF revolution allows everyday investors to achieve the impossible. Just a few short years ago, short-selling, leverage, spreads, and commodities were practical only for the Wall Street insiders. Now, with ETFs, anyone can play. Yet availability doesn’t guarantee success. You have new opportunities, yes, but they all have risks. You need to know what can go wrong…

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