Agriculture DBA

It seems like it is running away from the S&P500 ...

Positions

Today I opened several positions, bearish via leveraged inverse ETF's of sectors/regions:

IWM, EFA, XLB.

Along with existing bearish leveraged positions:

IYR, XLE, XLF.

Long position on EUR/USD.

Positions Opened

I have been lazy in updating my blog, today I have opened 3 bearish small positions, with leveraged inverse ETF's.  (SRS, ERY, FAZ) ... 

S&P500 (SPX) & Crude Futures

This is the chart for crude futures continous contract since the price peak in the summer ..., who would guess it has dropped nearly 70%?  Notice the MACD/PPO has never go back above water, price had few attempts to get back to up but never reach the red 50EMA.

Next is the S&P500 benchmark index for U.S. Equities, since the end of 2007 beginning of recession.  Are we sure we are going back up?  MACD/PPO is yet to reach zero.  ATR is still high but it is slowing coming down.  It seems to go side way for a little while before moving up.

Gold Movement Oct 27th, 2008

Today let's take a look at Gold, there might be a few reasons to drive the gold down.  

1)  Down fall of oil

2)  Rise of USD

3)  Bearishness of commodities due to fund liquidations

Anyhow, we don't really need to know the real reason.  The chart shows Gold has broken is recent major support around 739.8.  All the indicators are bearish, we need to wait for the first impulse before going bullish on Gold again.

One of the biggest lesson I learnt, never fight the trend.  The probability is against you when you fight the trend.  You might get a few winners off countertrend moves, but in the long run the odd is against you.

The Fall of Crude Oil Futures

I wonder who is still long in oil, it has long been declared bearish.