Today’s Call: 10 Yr Bond Yield to Rise (Price to fall). Currently 3.165%.
Rationale – Combination of selling related to end of QE2 purchases and uncertainty around debt ceiling, along with strengthening recovery in US raising inflation expectations to drive money out of Treasuries.
Result of Call for May 13, 2011: USD Index fall. Was 75.73. Currently 75.30. Good Call
Calls to Date: Good Calls: 19, Bad Calls: 12, Batting .613
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: 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
You must be logged in to post a comment.