Top of the Curve

3/17/2005 My Market View

Market off last 2 days 1220 to 1188. VIX popped and SPX closed below key figure of 1195. Oil this AM record highs over $57/bbl. Dollar is very weak again especially off record current account deficit.

• Short S15HOME index (SP Supercomposite Housing) = 811.34 ->Long term: Housing Bubble
• Short SPY = 119.12 -> Too much bad econ news: short for foreseeable future
• Short OIL = 57.0 ->Record highs must come off OPEC increase: Short Term Play.

posted by BKo @ 5:50 AM