Today’s Call: USD to rise vs. Euro. Currently 0.6981.
Rationale – Emergency meeting called in Luxembourg to presumably bail out Greece once again. Expected intervention to prop up the dollar under guise of bailing out Greece.
Result of Call for May 3, 2011: Avon Products (AVP) to fall. Was $30.91, Currently $29.04. Good Call.
Calls to Date: Good Calls: 13, Bad Calls: 10, Batting .565
Today’s Call: USD Index to rise. Currently 73.96.
Rationale – Today’s oil sell off benefiting the other side of the trade upon settlement, the US dollar.
Result of Call for May 2, 2011: Gold price per ounce to fall. Was $1,546. Currently $1,485. Good Call
Calls to Date: Good Calls: 12, Bad Calls: 10, Batting .545
Today’s Call: S&P 500 Index to rise. Currently 1,346.
Rationale – Expected Friday influx of various retirement plan purchases to coincide with payday to offset sell off due to today’s US Jobs numbers.
Result of Call for April 29, 2011: British Pound to Rise vs. US Dollar. Was 1.67/1. Currently 1.65/1. Bad Call
Calls to Date: Good Calls: 11, Bad Calls: 10, Batting .524
Today’s Call: Avon Products (AVP) to fall. Currently $30.91.
Rationale – Avon printed a tremendous earnings number today, anticipated effect of stock selling off on good news.
Result of Call for April 28, 2011: May 11 Soybeans to rise. Was 1350-2, Currently 1359-2. Good Call
Calls to Date: Good Calls: 11, Bad Calls: 9, Batting .550
Rounding out the Bikemen on the NW side of Broadway downtown is the bikewitch.Straight out of the Wizard of Oz, bikewitch uses her hat to deceive riders into believing there is a subtle bank left in the bike lane at NW Couch & Broadway while in reality the rider should prepare to bank slightly to the right as they cross Burnside.
Were not in Kansas anymore!
Today’s Call: Gold price per ounce to fall. Currently $1,546
Rationale – Dollar oversold and Gold overbought under current conditions. Gold to begin to enter seasonal correction.
Result of Call for April 27, 2011: USD Index to fall. Was 73.35, Currently 73.03. Good Call
Calls to Date: Good Calls: 10, Bad Calls: 9, Batting .526
The Bikeman who graces the corner of Broadway and NW Davis looks back over his shoulder to see if the bikemen on the prior corners are reeling in his lead.
With his hat on backwards and his cycling gloves on, were it not for his long hair he could be mistaken for Lance Armstrong cruising up a côte in the Alps during one of his legendary Tour de France victories.
You must be logged in to post a comment.