Thursday, April 2, 2009

Lock in puts: equity rally, EUR, AUD Rally and emerging markets all oversold (in bear market)

All current rallies from stocks, to the current Euro rally are all looking extremely overbought (in bear market). With very few, if any fundamentals that support market optimism:

*US unemployment at 26 year high, watch for payroll Friday

*Euro and AUD in artifical rally (showing oversold signals)

*ETF emerging markets are over sold, put orders overshadow calls

EUR/USD overlayed AUD/USD:












Dow showing oversold signals

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