August 15, 2010 – 8:36 am
Last month we suspected $SPX was ready to go down in a major correction. It did not initially, but the upturn is proved to unsustainable. This time, more and more option traders are moving to favor puts. See charts below. Two of the past bull traps (September 08 and April 10) […]
In the last decade, top for US Dollar Index is 120. However in the last few years, US Dollar Index fails to break 90 in 2005, 2009 and 2010. See US Dollar Index chart below.
While the world is going to enjoy 2010 World Cup Final between Spain and Netherlands, mode of global investors may be spoilt by possibly next more than 10% correction. Main reason for the short term bearishness is weak rebound in lower volume. The risk of major downturn will be greater when $SPX […]
Conclusion : We need second failure to breach 1250 and failure to hold 1050 for $SPX before we can confirm the next move is a more than a 10% correction/adjustment.
$SPX upslope is weaker, but it is still in cyclical uptrend.
Pros are getting more bearish but it is not enough to predict a major downturn like […]
USD SGD 1980-2010
From the chart of USDSGD between 1980 and 2010, it is unknown the next long-term bottom of USDSGD.
USD MYR 1996-2010
However if SGD is to follow MYR against USD, then USDSGD will lose another 20% ((3.15-2.5)/3.15) to 1.12 (no parity yet)
SGD MYR 1996-2010
SGD MYR 2004-2010
Then how about SGDMYR? In the short term, SGDMYR […]
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