Note: this post is 7 months old. . I publish on a regular basis. Please use the search system (or browse the archives) to see if I wrote something else about this subject since this post
Global Pivots getting touched:
Western Markets:
- DAX at 5520 is less than 200 points away from pivot (5316) set on 11/03/2009
- Dow at 9985 is less than 400 points away from pivot (9599) set on 11/03/2009
- DJ Stoxx 50 at 2693 is less than 10 points away from pivot (2680) set on 11/03/2009 (Began buying with limit orders at 2685) !!!
Asia Markets:
- MSCI Taiwan touched Pivot 259.30 set on 11/03/2009 – Began buying with limit orders at 260 – Long
- SPI 200 Futures touched 4446 set on 11/03/2009 – Began buying again with limit orders of 4450
Brazil / Mexico / Canada
- Canada touched Pivot and points to a rebound.
- Brazil and Mexico . Most bearish on these two markets. So far away from Pivot of 11/03/2009. Keep Selling. They might drop by big double digits today.
Should all markets break past pivots of 11/03/2009 then this is a correction that might turn into a panic. I have placed tight stops to get me out. But probability of a rebound at these pivot levels is high. Willing to bet a little on them.
By Andrew Shawn – Recursive Investments in Global Financial Markets
Note: this post is 8 months old. . I publish on a regular basis. Please use the search system (or browse the archives) to see if I wrote something else about this subject since this post
Covered short position on MSCI Taiwan Index futures as fractals near confirmation. Covered short position on Hang Seng futures as well. Began buying Nikkei futures at the 10320 level, ideal would be the Nikkei under 10200. Will slowly increase at those levels.
Eurodollar futures moment of truth appears to have arrived. Began building a short position on December 2011 Eurodollar futures. Ideal fills of 97.650. However will take what I can get.
By Andrew Shawn – Recursive Investments in Global Financial Markets
Overweight with the Aussie as underlying currency has finally produced expedient returns as it continued its rally with gusto almost touching 0.7000. The divergence with Gold seems finally to have ended and convergence began. Increased long position on Aussie against US Dollar.
Further Aussie / Yen underlying cross rates reached the critical 67.500. I plan to drastically increase position if Yen breaks lower against the Aussie past the 67.500 level.
Increased long position on Corn futures, doubled longs on MSCI Taiwan, Nikkei and DJ Euro Stoxx futures.
By Andrew Shawn – Recursive Investments in Global Financial Markets
Orange juice futures finally broke below 0.7000 trading to as low as 0.6700. Original position was stopped out at 0.7200. Began accumulating heavy long position in March 2009 futures with an average fill of 0.6850. Will keep accumulating as it sells off further into the region of 0.6500.
Shifted Funds overweight commodity currencies, primarily the Aussie. I expect correlation between Gold Futures movements and the Aussie to approach 1. Heuristic is of Aussie to belatedly break through critical 0.7000 level and rally to 0.8500 before any meaningful retracement. Will increase Aussie exposure by taking on outright long position when 0.700 level breaks.
I head into the New year heavily long the MSCI Taiwan Index futures, Long a large Nikkei position (With more large buy limit orders at 9550), Long the Australian dollar, Long Orange Juice futures and carrying a small long position on the CRB.
The correlation between the Nikkei and the Yen broke down with the Yen overshooting to highs 88, while the Nikkei failed to follow throw to new lows, staing with in a trading range of 8000 to 9000. Further the Japanese 10 Year bond futures also failed to follow correlation of Yen, and remained hoovering at the 140.00 level. Any slight confirmation of my NAV will have me selling short the JGB Futures massively as well.
By Andrew Shawn – Recursive Investments in Global Financial Markets
Financial Markets | RefCapGroup | 
February 5, 2010 12:50 am | 
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