Ratios and Such

It has been a wild week thus far, here are some internals.

Banks are back into a bullish position, goddamn whiplash got me.

There was a new X made in my primary market indicator, which is a great sign for equities. Risks are still high, but if the dollar continues to fall, this should continue to rise.

Transports have yet to turn around, and that is holding the market back.

All eyes on the BOJ. Now it is their turn to print money at our governments behest in the interest of maintaining "global economic stability." God bless America, otherwise we'll nuke you.

The NASDAQ summation index is still rising, so I'm staying long anything except the USD.

We're coming into the final options expiration of the year, and it sure is getting hairy out there. The dollar is the most important variable, and it's fate rests upon the willingness of foreign central banks to play our game. I'm fairly confident that the US will emerge from this looming crisis, but I'm holding shiny yellow stuff so I can sleep at night. I still can't get my head around the move in Treasuries, but who cares when equities are moving up?

Market Movements

With the dollar going down faster than my H.S. prom date, let's see where we stand.

The emerging markets like Brazil and India are breaking downtrends and upper bollingers.

LQD continues to rip north on large volume, but I'm getting out for larger returns in precious metals.

While there are many gold miners, few are trading at 52 week highs. RGLD is best of breed until further notice.

The USD has pierced a lower Bollinger, so deflation fears may turn into inflationary ones.

Despite the down day in USO, $WTIC was up today, I'm looking to leverage long oil.

Here comes the wave of "quantitative easing." Sell the rips in the dollar and buy something tangible like a company that makes shiny things. This could get ugly.

God Bless the King

I don't wear cologne. No deodorant. That shit smells gross, girly, and is liable to give you cancer. Real women like the sent of my putrid sac, and if they don't, they grin and bear it. Nevertheless, that doesn't keep me from dreaming about a magically scented potion that would bring even the prudest of the fairer sex to my lair.

If I were to concoct a scent to cover my garlic stench, it would have three qualities: Money, Weed and Bacon. Cash is a known aphrodisiac, and the scent of Mr. Franklin was know to intoxicate the most wretched wenches of France. Mary Jane in her purest forms is a citrus-sweet-bubblegum-skunk-diesel aroma, and will def tingle the senses. Finally, Bacon! Yes, that may sound strange, who would want to smell like a cooked mammal? I do, and I'm not alone.

According to the Boston Herald, Burger King is unveiling a cologne called Flame, which supposedly smells a bit like flame-broiled meat. This bottle of love can be purchased for $4 at http://www.firemeetsdesire.com.

Needless to say, I will not be purchasing this filth. Rather, I will burn a doobie in a smoker while rubbing Jacksons under my pits for 30 minutes before dates and interviews.

Interesting Indexes

Some markets are stronger than others. Here are 4 potential leaders.

The international markets are performing better than domestic ones.

The insurance sector has acted surprisingly resilient, Berkshire Hathaway anyone?

Spend your grandchild's future now, just don't take away my drugs.

Silver is looking sexy as it breaks above recent resistance. I'm buying the dip, and keeping a short leash.

I hope we get a big gap up tomorrow and then a nice fade all day long. Since it doesn't matter what I think, I'll be taking the day one tick at a time. The banks still look troubling to me, so I'm not touching those Ponzi fuckers. A bounce or two in the USD would be nice, but with so much money coming off the sidelines, there is no reason to think that the dips will be anything other than quick and shallow.

State of the Market

The market continues to rally as the Fed lowers key lending rates.

Rate cuts are having a negative effect on US bonds relative to foreign ones.

Up volume significantly outweighed down volume, continuing the bullish theme.

More stocks are trading above their 50dma on lower volatility.

New highs are becoming more prevalent as this index makes a new X.

The oddest thing about today's action was LOWER treasury yields... What The Fuck?!?

The action in Treasuries is mystifying, but it isn't stopping me from trading gold and silver related stocks. The USD has been getting trashed, and while I expect a few bounces, the writing is on the wall. We're still in high risk territory, and the whipsaws will continue, but I'm buying the dip in the strongest sectors.