Tomorrow on the OPEN of the US market, the VIX will expire … and this might be the key to understand the recent rallye. Or maybe better … the end of the recent rallye. During the strong downmove into march, most investors were stunned, that the VIX (the measure of volatility) did not spike at [...]

After virtually throwing up after reading, that AIG will pay around 1.2 bln$ in bonuses … The outlook for next week is “scary” … We have the following events … Monday: Industrial production and capacity utilization for February Tuesday: Federal Reserve’s Federal Open Market Committee meets, Producer Price Index for February, Producer Price Index for [...]

Today we completed the THIRD(!) 10% bounce for the markets in 2009. And guess what? … YES, I’m going to fade it … AGAIN. We might have some air still left, BUT most of the bounce is done IMHO. So … nice and smooth I will start to SELL any intraday “spike” or overbought levels [...]

As talkingheads and public becomes extremely bearish, WATCH OUT … We might be extemely close to a BOTTOM … at least for a decent bounce … Every day we hear new superlatives … worst year since … worst performance since a.s.o. WATCH OUT for a REVERSAL!!! FDAX 3.6xx sounds good S&P below 700 … it [...]

After the WORST week in the history of stock markets … We had the best day in the history of stock markets … at least here in Europe … Japan closed? U.S. partially off? The more we rise … Volatility is here to stay … at least a bit … Let’s see, what’s up next [...]

Governments around the globe step in to turn markets around … And … they do it on EXPIRATION DAY … again!!! U.S.: – considering buying back mortgage debt investing around HALF A TRILLION(!!!) US$!!! – considering setting up a NEW agency to buy into the financial sector – SEC considering BAN OF SHORT SALES!!! UK: [...]

The Federal Reserve said it was making it easier for financial institutions to access Fed liquidity by easing terms on its borrowing facilities and accepting a much wider range of assets as collateral. The Fed meets to decide on interest rates on Tuesday. It widened the set of assets eligible as collateral for loans of [...]

What happened today? Yes, we got the expected bounce in equities … and yes, it faded soon … we had a squeeze in the last hour … surely the PPT was involved The interesting thing seems to be … as so far nothing fundamental has changed yet … investors are just dashing to the sidelines, [...]