Trading2k.com Financial spread betting blog» JP Morgan http://trading2k.com Trading2k.com Financial spread betting blog Mon, 21 Jun 2010 20:18:22 +0000 en hourly 1 http://wordpress.org/?v=3.0 The CNBC Sell Indicator: Short Stocks Now! http://trading2k.com/2008/07/the-cnbc-sell-indicator-short-stocks-now/ http://trading2k.com/2008/07/the-cnbc-sell-indicator-short-stocks-now/#comments Thu, 17 Jul 2008 09:51:08 +0000 admin http://www.trading2k.com/2008/07/the-cnbc-sell-indicator-short-stocks-now/ So last night we rejoiced and saw a record 300 point plus rally on the DOW. Tune in to CNBC and what do we have, yes you guessed it a plethora of “is this the market bottom” and “have we reached capitulation point”. Baaaaaa I’m sick of these rampantly uneducated and uninformed American views (Disclaimed: The European show is great and I love watching it). What is it with these people, one day it’s one view and the next a contradictory view. Where’s the consistence?

So to my new favourite indicator (could someone please actually build this it would be great) is the CNBC Sell Indicator. It works like this. Once they come on air after any rally and proclaim any of the following you should short the market.

* So is now a good time to buy banks?
* Capitulation (Favourite word of the day)
* This time it’s different!
* Has the market bottomed?
* Financials leading the way (Yes down)
* Searching for value

Feel free to develop this further and add to this list. If we can devise some way of scanning the airwaves and automating short selling we will be rich beyond belief.

So after that rant and my previous short being stopped out for 365 Euro profit I’m looking to jump back in today. With earnings from key figures like Coca Cola, BlackRock, J.P. Morgan, Bank of New York, and Merrill Lynch it’s going to be an interesting day. As inflation is running at 5% and global markets slowing where are the great profits going to come from, where is the great value? As stated yesterday over a five year period your going to gain but I’m looking at 2011 as my earliest get out on equities and going to continue shorting all the way there.

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]]> http://trading2k.com/2008/07/the-cnbc-sell-indicator-short-stocks-now/feed/ 1 Indymac Collapse And Fannie & Freddie On High Alert http://trading2k.com/2008/07/indymac-collapse-and-fannie-freddie-on-high-alert/ http://trading2k.com/2008/07/indymac-collapse-and-fannie-freddie-on-high-alert/#comments Mon, 14 Jul 2008 09:47:48 +0000 admin http://www.trading2k.com/2008/07/indymac-collapse-and-fannie-freddie-on-high-alert/ The second largest banking failure in US history and only a few lines appear in the Sunday newspapers. This goes to show the level of fear and confusion in the market at present. On Friday we had a free for all as Reuters loaded the market with speculative rumours which turned around the huge losses by Fannie Mae & Freddie Mac before the market close. These were later denied but over the weekend Fannie Mae & Freddie Mac have been granted access to the Treasury credit lines and the Federal Reserve’s Discount Window. A 15 Billion injection is also being mooted.

My Trade
I placed a -2.50 sell spread bet on FTSE futures at 5345 and whilst I’m not too comfortable selling at these lows I am a lot happier selling than buying. This week sees Citigroup, JP Morgan, Merrills and Washington Mutual report which could lead us down but on the flip side eBay, Google, IBM, Intel and Microsoft could lead a tech surge pushing the NASDAQ up.

At present stocks seem to be retracing some of their gains in a similar fashion to the Asian trading day which rallied and then reversed. With all the news ahead it will be interesting to see where we go.

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