Bubba’s Take »
Treasury Outlook for August 4, 2010
Treasuries rallied on Tuesday on the heels of weaker Personal Income Data and Pending Home Sales. The data rout has been remarkable since April as seemingly nothing comes in above pre report estimates anymore?
Read More »Market Musings for Today
Stocks continued to shrug off back data on Tuesday, this time ignoring personal income and pending home sales. The dynamic is very in place as stocks are pricing for QE 2 as if it
Read More »Earnings Plays
Lets first recap of what we were following for today. ALK- The stock sold off today and we would have been stopped out at 51.50, up 3% from our 50 target. PPS- We said
Read More »S&P Daily – September contract
The early day price action suggests some sideways trade is developing in front of the 1129.50 high. Support resistance resides at the 1122.25 high through to the 1129.50 high on the weekly/daily chart. Support
Read More »In the words of Stan Musial: “Wadaya Say, Wadaya Say!”
This market has been in a major congestion area since the “great mistake” downdraft on May 6th. We have tried to break it on at least 5 occasions and tried to rally it the
Read More »Treasury Outlook for August 3 , 2010
Treasury prices were under pressure Monday backing off from recent highs on the year. The stock market rally has been giving fast money longs the creeps as the divergence in the 2 markets defies
Read More »Market Musings of The Day
The stock market is in full bloom as the S&P’s are ready to test a major level at 1129.50. The money train is beating economic data for the time being as stocks are betting
Read More »Earnings Plays
As always, let’s take a quick look at a recent earnings play that we should still be in: ALK- we had a buy on it over 50 with a stop set at 49.70. It
Read More »Market Musings of The Day
The big trading story for now is the divergence between stocks and bonds. Traditionally a move to lower yields in Treasuries , especially in the very heavily traded benchmark Ten Year Notes , portends
Read More »Treasury Outlook for August 2 , 2010
Employment week kicks off with the long end of the curve on the move again to higher prices and lower yields. Early estimates for Non -Farm Payrolls are in the dismal range of around
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