Some levels to watch for in Gold (not GLD) are 950, 936 and 918. Also, be on guard for Copper (and pcu) for a false breakout. A pullback in commodities will yank all of those names back into the Milky Way Galaxy. So tempted short RSX or EFA straight away.With respect to bonds, I haven't a clue. Bernanke bends me over in the few times that I mess with them. Weird volume recently in treasuries and it wouldn't surprise me if TARP money is starting to buy them up here, per Bernie's instructions, before he announces some surprise, or the Supplemental Liquidity Providers turn off the switch, thereby driving people back into bonds. This way banks can score more record profits in the fixed income market (tongue firmly planted in cheek). I do think the Gov has realized there is this piggy bank (the market) they can use to fund the banks by way of commodities, equities and bonds. As of late, the shorts have donated the most (it even has a few of my dollars in there). The men behind the curtains will be busy for a while. Lure them in...squeeze them out. Pay back TARP, redistribute, rinse, lather and repeat.
I am long TLT at 91 though, but not because of this conspiracy theory (mostly because I'm a tard). I'll say the long bond probably wasn't the best place to be when FCB's are dumping long in favor of shorter duration. Who in the hell wants 30 year brand toilet paper? I ventured outside my domain and will likely be shown the door. I was more on the 'flight to safety' logic. They say to stick with what you know. I'd like to meet They, because they seem to know a lot and it gives me the redass :) Part of growing as a trader is to recognize, accept and learn from the mistakes. I look forward to my next lesson in a few minutes. One day I will amass the knowledge of Cramer. 2000 stocks is a lot to put in your head; heaven forbid he tries to fit options chains in there...
[Edit: 7:35am] Jihad damn, did I pass 2nd grade? That's why it says incoherent blather up top.
[Edit: 10:53am] If you ever see a post here that is both coherent and without grammar mistakes, call the police.
