Thursday, October 21, 2010

Cable may be ready for a run down

Currency wars are definitely in play. 

Our call last week on USD finally getting a run up seem to be in play.  Mutual fund flows out of US equities has been consistently positive (i.e flow out to bonds and foreign equities) for well over a  year, yet the market rallies, hmmmm.    

My call for a new recent high, followed by a drop, just happened.  Not playing cute with short positions though, just holding.   That same call expected a further push up to make sure the shorts have been double burned (recently), expect that later today or tomorrow, and then I think the distribution game is over for a while.

I don't have any way of real time watching of overall put buying or call selling, but that would be a useful trading tool, does anyone have a good way?    Then we need to separate options on just equities versus overall options (includes hard and soft commodities).

I guess it is HBB managing the State Pension funds who have benefited from this rally, hope those pension funds enjoy it while it lasts.   Very Shearish.

4 comments:

  1. Hi, im not sure if this is what you meant, but you can track cpci and cpce realtime in stockcharts.com
    http://b.imagehost.org/0482/cpc.gif

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  2. WEll now, I think that exactly what I was looking for, will investigate later. Thanks!!

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  3. I like the CBOE site intra-day data. Here's an example from today...

    http://www.cboe.com/data/IntraDayVol.aspx

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Insightful and Useful Comment!