Bull Correction Already

The market is perverse and volatile.  Beware.

Bullish Signal

Today the NYSE Bullish Percent Index flashed a bull signal.

Ray Dalio's Opinion

How Ray Dalio Expects Things To Unfold

One of Tom Dorsey's Favorite Indicators--New York Bullish Percent Index Turns Bearish

Master of Point and Figure Charts, Thomas J. Dorsey

Risk off.


Bear Confirmed

Jan Hatzius Forecasts Bond Yields And More

Hatzius expects 4 rate increases from the Fed.  Unemployment near 3.5 percent by year end.  He looks for 2.8 percent GDP expansion this year.  He expects the 10 year Treasury yield to stabilize near where it is now and finish the year at 3 percent.


Click Here to Read Hatzius on Fed Raising Interest Rates

Bill Gross Now Agrees with John B. Taylor--The Decades Long Bond Bull Market is Over

Gundlach mostly agrees, too.  Time for a new strategy.

Click Here to Read CNBC Article

Bitcoin Futures Begin Trading on CFE

Whatever it is, Bitcoin is making a lot of noise these days.  All of the financial gurus I know have dismissed it as a bubble or worse.  And yet the Chicago Board Options Exchange has launched Bitcoin Futures on their Futures Exchange.  The symbol is XBT and the contracts are each month.  January, for example, would be XBTF18. 

I find it interesting that a person can now find out what the price of Bitcoin is in terms of Dollars at any time he wants.  The contract is pretty easy to understand.  The size is one Bitcoin.  The initial margin requirement is currently $20,399.50.  The maintenance margin is $18,545.00.  The trades settle for cash.  The last trading day for the January contract is 1/17/2018.

I wouldn't recommend trading Bitcoin Futures unless you are willing to risk $30-50 grand, but I enjoy being able to see what the market is doing.