The TLT's (chart above) caught my eye recently as it looks like the recent double bottom failed to reach its implied target. This is as a negative divergence, and for me, a tell that just maybe the bulls have lost some of their enthusiasm for this vehicle. Don't get me wrong short term treasuries are the ultimate safe haven until they are not any more. But the long U.S. bond? A speculation, nothing more. We look to have a low risk entry point here to get short. I shall do thi via my preferred vehicle the Ultrashort 20yr. US treasury ticker TBT here at $68.25 with a stop at $67.29
AIG (chart above) looks very sick. The gap down last week is now open 3 days and is taken out those lows. Yes, I know AIG is a very big player, but doesn't history tell us that matters not a whit when perceptions and psychology change. This does not bode well for the financials and for the Dow index.
Good speculating to you all and never ever forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit of Powershare Agriculture ticker DBA @ $34.50 stop $32.79
Long 1 unit of XTO Energy ticker XTO @ $43.85 stop at $39.62
Long 1 unit Currencyshare SwissFranc ticker FXF @ $92.70 stop at $89.27
Long 1 unit SPDR Gold Trust ticker GLD @ $81.55 stop at $75.82
Long 1 unit ishares Silver Trust ticker SLV @ $14.60 stop at $13.28
Long 1 unit Ultrashort 20yr Treasury ticker TBT @ $68.35 stop at $67.29
Short 1 unit Int'l Bus Machines ticker IBM @ $129.05 stop at $131.54
Short 2 units FedEx ticker FDX @ $87.70 stop at $91.18
Short 1 unit of Lehman ticker LEH @ $19.65 stop at $20.76