I know some of you guys are looking for a short term long to see if we get another rally into mid-week. USO could be a good candidate. The chart pattern shows a double daily bottom to manage your risk … Continue reading
We were stopped out of our Gold today. Big picture we’re smack dab in the middle of a $70 dollar range. While we have no Futures position at present we are still looking to re-buy. Long term ETF guys ( … Continue reading
The spreader is coming out again.. We’re BUYING the XLE @ the market!!! This should be viewed as a spread against our Long Bonds.. Trade size accordingly.. The stop is just below today’s low!
Chasing strength has never been my forte, however you are getting upside breakouts in the India ETF’s and the Banking ETF’s. The choices are to buy a little on the close or wait for an opportunity mid week next, which … Continue reading
The BKX is putting in an ORH higher week with a close over 4401
We’re adding…. BUYING MCP and XLE @ the market. XLE…70.65 stop close… MCP…29.80 stop close… Aussie just double bottomed at 105.91.. Keep your eye on this level for a general risk barometer today. Resistance is now 107-107.22 AUD/USD
Euro…128.81 will be the level to monitor for direction over the next 2 days. A close tomorrow is needed over 128.81 for an “ORH” week. It’s worth keeping an eye on this level to determine whether the Euro remains weak on the … Continue reading
Yesterday had us lightening up on the portfolio we came in with. We added short Gold via the GLL ETF. ( app 1661 in the futures) Those of you that used the stop in the SDS as a closing stop…you’re … Continue reading
I am leaving this stop alone..”17.90″ You should have sold out a portion of all other LONG instruments to pay for your trades.
We have a Risk On Bias in our portfolio after adding the Oil Etf’s and the Aussie late Friday, un hedged against the Long SDS. The capital flows clearly show Europe looking for safe places to protect their assets. GOLD… … Continue reading