Today’s Call: July Corn to Rise. Currently $7.20 per bushel.
Rationale – Combined effect of continued inflation pressures and closure of ports due to Mississippi flooding.
Result of Call for May 12, 2011: 10 Yr Bond Yield to Fall (Price to Rise). Was 3.221%. Currently 3.121%. Good Call
Calls to Date: Good Calls: 18, Bad Calls: 12, Batting .600
Today’s Call: Euro vs USD to fall. Currently $1.41104:1.
Rationale – IMF Chief’s arrest to temporarily cause sell-off of Euro due to Greek bailout uncertainty.
Result of Call for May 11, 2011: Jones Industrial Average to Rise. Was 12,630. Currently 12,548. Bad Call
Calls to Date: Good Calls: 17, Bad Calls: 12, Batting .586
Today’s Call: USD Index fall. Currently 75.73.
Rationale – Today’s Headline news generally positive for the Dollar, anticipate sell off, exiting of dollar positions.
Result of Call for May 10, 2011: Citigroup (C) to fall. Was $44.20. Currently $41.83. Good Call
Calls to Date: Good Calls: 17, Bad Calls: 11, Batting .607
Today’s Call: 10 Yr Bond Yield to Fall (Price to Rise). Currently 3.228%.
Rationale – Congressional Showdown on Debt Ceiling to temporarily restrict supply of Treasury issues causing anticipation temporary increase in premiums.
Result of Call for May 9, 2011: British Pound to rise vs. USD. Was $1.64 ($1.6362):1. Currently $1.6393:1. Good Call
Calls to Date: Good Calls: 16, Bad Calls: 11, Batting .592
Today’s Call: Dow Jones Industrial Average to Rise. Currently 12,630.
Rationale – Selloff in stocks today will cause plunge protection team to intervene.
Result of Call for May 6, 2011: USD to rise vs. Euro. Was 0.6981. Currently .7044. Good Call
Calls to Date: Good Calls: 15, Bad Calls: 11, Batting .577
Today’s Call: Citigroup (C) to fall. Currently $44.20.
Rationale – Citigroup announce a 10 for 1 reverse stock split over the weekend which became news today. Reverse stock splits to prop up per share prices are a desperate and meaningless move by a corporation to make it more attractive.
Result of Call for May 5, 2011: USD Index to rise. Was 73.96, Currently 74.55. Good Call
Calls to Date: Good Calls: 14, Bad Calls: 11, Batting .560
Today’s Call: British Pound to rise vs. USD. Currently $1.64:1.
Rationale – Natural Disasters in Japan, Emerging Fiscal Disasters in Eurozone and US Debt ceiling stall to quietly drive Pound purchases extending May trend.
Result of Call for May 4, 2011: S&P 500 Index to rise. Was 1,347.32 (taken mid-day, adjusted to closing price), Currently 1,346.29. Bad Call (Just barely).
Calls to Date: Good Calls: 13, Bad Calls: 11, Batting .541
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
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
Today’s Call: British Pound to Rise vs. US Dollar. Currently 1.67/1.00.
Rationale – Combination of Tourist demand for pounds and patriotic sentiment increasing demand for pounds during Royal Wedding weekend.
Result of Call for April 26, 2011: Japan Government Bond (JGB) 5 year yield to fall. Was 0.49%. Currently 0.48%. Good Call
Calls to Date: Good Calls: 9, Bad Calls: 9, Batting .500
Today’s Call: May 11 Soybeans to rise. Currently 1350-2.
Rationale – Result of continued storm activity in South and flooding in Mississippi valley to continue to drive speculation of lower crop yields in the US.
Result of Call for April 25, 2011: US Dollar Index to rise. Was 74.19, Currently 73.11. Bad Call
Calls to Date: Good Calls: 8, Bad Calls: 9, Batting .470
Today’s Call: USD Index to fall. Currently $73.35
Rationale – US Treasury Secretary Timothy Geithner gave a speech reiterating that the “Strong Dollar Policy” was still being pursued. Again, statements such as these should be traded against.
Result of Call for April 21, 2011: Oil PPB to rise. Was $111.78, Currently $113.36. Good Call
Calls to Date: Good Calls: 8, Bad Calls: 8, Batting .500
Today’s Call: Japan Government Bond (JGB) 5 year yield to fall. Currently 0.49%.
Rationale – Anticipation of combination of FED signaling continued easy money policies coupled with BOJ bond purchases in wake of disaster increasing price of JGB farther out on the yield curve.
Result of Call for April 20, 2011: Greek 5-YR Sovereign Credit Default Swap to rise. Was 1325.70. Currently 1474.70. Good Call
Calls to Date: Good Calls: 6, Bad Calls: 7, Batting .462
Today’s Call: US Dollar Index to Rise. Currently 74.19
Rationale – Dollar Oversold, Short Covering Rally, FED to work to control inflation.
Result of Call for April 19, 2011: Silver Price per Oz to fall. Was $44.07, Currently $47.00. Bad Call
Calls to Date: Good Calls: 5, Bad Calls: 7, Batting .417
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