Wednesday, November 4, 2009

summary

the Fed is afraid to upset the market which is bearish for U$ and long term treasury. Be careful when 10-year rate approach 4% and crude oil above $85.
The market is stalled and may go down before a final push higher before year-end.

Did not do any trade today. Will keep an eye on UNG (nature gas etf) tomorrow. Winter is coming and drill rigs has been reduced by 50% for nature gas. Usually the relationship between oil and NG is 6X (if nature gas is $5 and crude oil should trade around $30, the extrem is 12X), But now it is 16X.

Closing value today: portfolio 1 (U.S.):cash 106303 INTC 3718. Total:110021
portfolio 2(Canadian): Cash 74383 HSE 5562. Total:79945












No comments:

Post a Comment