Futures Analysis: Bund Schatz Euribor Ftse Eurostoxx

Alot of volatility as concerns over countries debt levels continue. In the video below I look over some levels and discuss general ideas.

ECB to buy Bonds

In a volatile session, ECBs Trichet has said that the ECb has resumed its Bond buying, and has pledged to lend more money to Banks to stop the debt crisis spreading to Spain and Italy. Bonds have rallied massively with the Schatz hitting 109, and the Bund up 100 ticks.
In generral there is a very bearish tone to the market, with the Dax off 1000 points since last week, in an aggressive sell of amongst all indices.
Looks like a double dip to me, so will maintain my bearish stance.
Tomorrow we have Non Farm Payrolls, and anything but a good number I believe will send these markets into free fall. Either way it will be very interesting.

FTSE, Bund, Schatz and Euribor Analysis

Been a slow few days of trading, as we enter the usual summer lul. Getting chopped up in this market is easy and needs a lot of patience and discipline. Check the video below on some technical analysis and general thought on the Bond Markets.

Football Legend Cristiano Ronaldo To Be Used As ECB Collateral

I saw this on zero hedge and found it crazy! Here is the transcript below:

We were pretty much speechless when we read this - it sure puts guarantees by Noyer, Trichet and all the other bureaumonkeys that the ECB does not accept just any collateral in perspective. From Presseurop.eu: "The most expensive footballer in history may now be used to guarantee the solvency of a Spanish bank. “Ronaldo in the bailout fund,” headlines Süddeutsche Zeitung. The daily reports that the Bankia group of savings banks, which financed Real Madrid’s acquisition of the Portuguese player, is now seeking to borrow funds from the European Central Bank. In response to the ECB’s demand for guarantees, Bankio are putting up… Ronaldo and the Brazilian Kaka, who also plays for the Madrid football club. In 2009, Real borrowed 76.5 million euros to pay transfer fees of 100 millions euros to Manchester United, and 60 million to Milan AC."

“Could we see a situation in which the ECB seizes one of the players?“ wonders the Munich daily. “In theory, it is possible. Bankia would first have to become insolvent. Thereafter, Real would have to default on its loans, which are secured by advertising and television revenues. It goes without saying that Real Madrid is in debt to the tune of several million euros. However, in Spain football clubs have a history of obtaining publicly funded bailouts — just like the country’s banks.”
This is beyond even The Onion's (and even Zero Hedge's) level of sarcasm.

There is nothing that can be added to this insanity. Furthermore, the fact that the "collateral" most likely has a virulent case of Paris Hiltonitis which will infect all the other worthless collateral, likely leading to the latest and greatest reality TV show, only adds to the complete farce that the global ponzi scheme has now become.

Close position: TLEO

Closed TLEO as it hit my stop. Not been a good week for my stock picking as SNDK getting bashed too. Close to having to stop out in that as well.

Entry: 35.44
Exit: 33.10

Stock buy: SNDK

I went long today in SNDK at 45 after it having a strong run up recently and broke past resistance in the 44.85 region. Today we had a pull-back to test that and so has used this opportunity to enter. The market does look a bit overdone here but hopefully this will outperform.

Entry: 45.00
Target:54
Stop: 41

Ftse 100, Bund, Schatz and Euribor Analysis - Greek Bailout?

Some mad movements in Bonds and equities today, on the back of Greece. As is always the case lately. Don't think its the end, but for now we coming off in bonds.