No. Ticker % Change
1 TVIX 11.96
2 EDZ 11.20
3 DPK 9.87
4 FAZ 8.75
5 ERY 8.48
6 EPV 8.25
7 VZZB 8.25
8 YANG 8.09
9 LHB 7.73
10 FXP 7.64
11 TMF 7.56
12 EEV 7.56
13 BZQ 7.36
14 MWN 7.17
15 EFU 7.11
16 SRTY 6.76
17 TZA 6.74
18 DTO 6.70
19 ZSL 6.61
20 SCO 6.43
21 DRV 6.08
22 VIXY 6.00
23 SMN 5.94
24 VIIX 5.91
25 SKF 5.89

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Hugh Hendry’s Fund is +40% in 2011

Mon Sep 19, 2011 12:23pm EST 1

He was +22% in August alone. The triple inverse of John Paulson.

Full article

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MACD Suggesting Market Crash

Mon Sep 19, 2011 12:01pm EST 3

One indicator is not enough for me, but this piece shows a potential drop coming for the markets….

Full article

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Obama’s Tax Hikes Don’t Go Far Enough

Mon Sep 19, 2011 11:57am EST 2

He should take the first born of all millionaires to sacrifice to the owl god out in Bohemian Grove….

Full update on deficit speech

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Lunch Break: S&P Double Top

Mon Sep 19, 2011 11:40am EST Comments Off on Lunch Break: S&P Double Top

Last weeks rally was a hopeful run. Everyone on the planet expected some sort of plan from Europe regarding Greece and the rest of the PIIGS. Geithner attended some meetings with finance ministers, but has largely been downplayed as a nobody given our fiscal problems and being the creators of the global slump.

The S&P has made what appears to be a double top around the 1220 level.

Now the world is waiting on the clam to save the world, but despite a 65-70
% expectation that the clam will do operation twist many are left wondering if the clam will bow to the market’s desire and or if it will actually have any real effect.

One good thing about last weeks rally is that the 30 day moving average seems to be flattening out.

Look for some support @1176 S&P,

but do not rely upon this level as real support is 1145.

Looking at a longer term chart it appears that the markets will find strong support at the 1145 level, but there is a chance that this is just the beginning of a meaningful down turn. Structurally speaking the longer term chart puts us in near oversold territory. That of course can change if problems persist.

Given the Geithner rejection, assumption among many that QE2 failed, living with zombie banks, a weak consumer appearing to get weaker, a potential Greek default, confusion on how to solve problems; well let’s say i’ll refer to Albert Barlet: “The greatest shortcoming of the human race is our inability to understand the exponential function.”

Still keeping most of my powder dry for the shopping list. Trading is the only option here.

[youtube:http://www.youtube.com/watch?v=PANEcjhSfv4&feature=related 450 300]

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FLASH: Shares of Apple Ripping to the Upside

Mon Sep 19, 2011 11:18am EST 1

Now +5.25 to $405.75.

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FLASH: Summary of Obama’s Press Conference

Mon Sep 19, 2011 11:17am EST 21

Pay your fair share.

Eat your peas.

Millionaires and billionaires don’t make jobs, I do.

Republicans are stupid because they don’t like my plan.

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U.S. Bank Deposits Soar

Mon Sep 19, 2011 11:07am EST 4

Deposits soared over the past three months by $429 billion to a record $10 trillion, despite zero interest rates.

Full article

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Tokyo May Have to Be Evacuated From Fukushima Fallout

Mon Sep 19, 2011 11:04am EST Comments Off on Tokyo May Have to Be Evacuated From Fukushima Fallout

[youtube:http://www.youtube.com/watch?feature=player_embedded&v=IBkrIgJUWLk 450 300]

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Will All Cash transactions Help The Housing Market ?

Mon Sep 19, 2011 10:58am EST Comments Off on Will All Cash transactions Help The Housing Market ?

It appears to have helped some markets.

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Fannie and Freddie Regulator To Raise Fees Government Mortgage Backing

Mon Sep 19, 2011 10:55am EST Comments Off on Fannie and Freddie Regulator To Raise Fees Government Mortgage Backing

More fees and a potential shift of risk to the private sector are what’s being touted to reform quasi government entities…

Full article

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SEC Proposes Banks Can Not Take Positions Against Clients For One Year

Mon Sep 19, 2011 10:51am EST Comments Off on SEC Proposes Banks Can Not Take Positions Against Clients For One Year

How about not go against your clients ever. If the entity does then it should be a separate corporation in separate locations as to avoid the breaking of the Chinese wall….

Full article

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