The Speculative Sentiment Index (SSI) which is a contrarian indicator, shows that the retail short in AUD is much more than the long. That indicates more gain in AUD.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Professional Pundits Past Predictions Puked
I would also point out this painfully on-target embellishment by The Dude.
The Game of “Market Leapfrog” (by Strawberry Blonde)
This article by The Wall Street Journal today reported that the National Association of Realtors revised downward its sales figures by 14% from 2007 through 2010, showing that the housing bust was far worse than initially thought: http://blogs.wsj.com/economics/2011/12/21/realtors-lower-2007-2010-home-sales-estimates-by-14/
It makes me wonder if Realty and Home Builders stocks and ETFs are overvalued by 14% by implication…
Below is a Year-to-date percentage comparison chart of the S&P 500 Index with the Realty Majors ETF, ICF, the Home Builders ETF, XHB, the Commodities ETF, DBC, and the Financials ETF, XLF. I mentioned some of these in my post yesterday: http://strawberryblondesmarketsummary.blogspot.com/2011/12/markets-sample-christmas-pudding-early.html
American Greetings – Finally!!!
Seeking Alphahorn (by Springheel Jack)
I called the retest of 1225 ES as the retest target yesterday morning and the low was at 1223. Pretty close. The SPX low was 1229 which was called as the likely target by both of my EW analyst friends Pug and Alphahorn. Both of them are seeing the 1257 level as the next really important resistance level, and that fits with the 1257-60 SPX level that I've been talking about. I have done another SPX daily chart showing the importance of this area, with the breakeven level on SPX for 2011 at 1257, and declining resistance from July and the daily 200 SMA in the 1259/60 area. The daily 200 SMA is a very important bull/bear market dividing line of course, and both attempts to recover above it in October and November were very short-lived:
