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Any opinions expressed by our traders anywhere on the NakedTrader.com website are solely their own and do not necessarily reflect those of their employers or those of the owners of NakedTrader.com and are not UNDER ANY CIRCUMSTANCES to be construed as trading advice. More...

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Investor's Chronicle's Associate Editor - Dominic Picarda.  Correspondence is welcomed at dominic.picarda@ft.com

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dominic

May 18

The Trader's Stock Market Outlook

"I often find it difficult to sell a market that is already very beaten up, as I can't help thinking ahead to the next bounceback.."

The Trader's Commodity Outlook

"Even the technical analysis-sceptical Financial Times mentions the "triple bottom" in an article today. It won't take much follow through to get me involved here"

The Trader's Wall Street Outlook

"For now, the only positions I'd contemplate are shorts as intraday rallies peter out. The coming short squeeze should be tradable but I am not going to jump the gun"

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US ECONOMIC DATA
 (Global economic calendar - click here)

FRIDAY

Revisions: Factory Orders, Durable Goods Benchmarks, Expiry: Equity May12 Options

FED

Fed Op Purchase: 8-10y, 08/20-05/22,  (4.5bln-5.25bln), Prev b/c 3.08

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TRADER TECH

(Click text for details)

**THE SLOG: Berlin printing new Euronotes en masse, ECB withdrawing Greek notes**

 

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**NEW** BREAKFAST BRIEFING from FUTEX Investment & Trading Academy (Friday)

Euro Falls to Four-Month Low as Moody's Downgrades Spanish Banks

Commodity Overview: FOCUS ON: Euro vs. the US Dollar (EUR/USD)

Fed Op Purchase: 24-30y, 02/36-05/42, (1.5-2.0) Prev b/c 3.3. Result: 1.84bln b/c 2.5

EIA Nat Gas Storage Change. 61, Exp +53

Phili Fed: -5.8, Exp 10, Prev 8.5

Leading Indicators: -0.1%, Exp 0.1%, Prev 0.3%

Jobless Claims: 370, Exp 365, Prev 367

 

Scott Shellady
05/08/2012 8:23:21 AM

My concern as well. Central banks are now such ...

Bond Trader
05/07/2012 5:59:17 PM

Thanks Scott. My only concern if the news is so...

Bill North
05/03/2012 2:36:33 PM

Fed allowing markets to return to normal supply...

General Gnasher - Guest Commentator
04/23/2012 8:14:22 AM

Tres complains that he blames the banks for Fra...

ul


MF Global $1 billion vanished into brokerage, court is told

Facebook trading likely to be volatile

Defiant Message From Greece

 

 

jdk14

 

 

 

Henry Jennings

 

 

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EUR/CAD: PATTERN TRADERS -see above (May 18)

 


NASDAQ: "Performed H&S formation & with low of 2492.25..almost met the PO.." ALI CAGDAS TUNA (May 18)

 


CHARTWHIZ DAILY: "June CRUDE OIL/HEATING OIL/ RBOB " Choppily continuing to trend lower.." (May 18)

 

 


EUR/GBP: "Revival shrt lived, unravelling. Looking for return to lows 79.51p then.." DOMINIC PICARDA (May 18)

 

 

 

 

GOLD: "Want to see back above 55-4hrly EMA ($1579.83) to confirm uptrend" DOMINIC PICARDA (May 18)

 

 

 

 

DOW: "Strong snap-back shld follow this episode..nxt bearish objectives 12364 & 12285" (May 18)


NAKEDTRADER GUEST COMMENT Week commencing May 14

"The Fed's lips are sealed on the subject, it is undeniable that public funds were used to ensure that many of JPM's counterparties could pay up, and without that events could have turned ugly. No, we have long believed that any highly geared trading position, however well constucted and with all elements of the Greek alphabet in order, is liable to self-destruct at a certain size."

 

HENRY JENNINGS from OZ (May 18)

"There is massive potential now for civil unrest and the divisive politics that are on show in Greece. The new left wing nut case is a case in point and a worrying one at that...Spain's banks got downgraded and Greece itself was downgraded..wasn't sure it could be downgraded anymore than it already is.. "

 

Technical Analysis: EUR/CAD (May 18)

"EUR/CAD is trading lower as hotter than expected inflation out of Canada has served to negate the bearish undertones of lower oil prices.  While we maintain our medium-term bearish outlook, a break below 1.2775 is required to put the bears back in control."

Website - Pattern Traders @jeliasof

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GEORGE CAVALIGOS'

"George Cavaligos - we go way back…he was my boss at the Eurodollar futures desk in 1984″

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Hamzei

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