7 Sep 2015

Weekly Sep 11th ITM Covered Call On GLD

by | posted in: Commodities, Derivatives, Technicals | 0

Gold continues to act as if it expects a hike as soon as this month.  The FOMC meets on the 16th-17th.  On Friday, post-August jobs report, GLD, the SPDR Gold ETF, shed 0.3 percent.  The two-year Treasury yield was unchanged … Continued

22 Aug 2014

XLF breaks out, likely headed toward $24, if technicals prevail

by | posted in: Credit, Economy, Equities, Technicals | 0

A month ago, we pointed out a divergence between 10- and two-year Treasury yield spread, which peaked as 2013 was unwinding, and financial stocks, which had ceased to track the spread and were rallying.  Going back nearly 18 years, the … Continued