Believe it or not there is a flight to safety going on right now! Folks are
buying up the 13 week Tbill (IRX). Folks are saying, 'I dont care about the
return on my monies, I just want my monies returned'.
There is fear in the market by some, just as the SPY makes new two year highs.
Could folks be worried about the end of QE2, inflation, the effect of a rate
rise on the USA Fed balance sheet? To us its saying, folks are not buying stocks
until they come off 15% at least, chasing the current stock market rally is
a fools game.
Its a crazy man who makes this call: US dollar up, stocks, metals and oil
down.
NO signs yet, there are some volume spikes in the UUP telling us that a few
$50 million dollar bets for a dollar rally. Need more that that, the UUP had
massive volume spikes prior the two previous $USD short term rallies, this
time will be no different.
Keep your stops tight..the next three months should be rock and roll, 'Sell
in May' and all that! Will May 2011 mirror May 2010, the IRX thinks so!
We are financial market enthusiasts using methods expressed by the Gann, Hurst
and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides
online stock and index charts with commentary. We are not brokers, bankers,
financial planners, hedge fund traders or investment advisors, we are private
investors.
LEGAL DISCLAIMER: The material is presented for educational purposes
only and may contain errors or omissions and are subject to change without
notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible
for any actions you may take on any comments, advice,annotations or advertisement
presented in this content. This material is not presented to be a recommendation
to buy or sell any financial instrument (including but not limited to stocks,
forex, options, bonds or futures, on any exchange in the world) or as 'investment
advice'. Readtheticker.com members may have a position in any company or security
mentioned herein.
Circle Us