Just after the yesterday’s opening I exited SOXL for a 20% overnight gain. I’m using yesterday’s lows in the Oil for risk management. The same goes for in the Fertilizer & Oil names companies. Gold acts fine and is from … Continue reading →

Every analyst is looking at the wrong numbers when it comes to Oil. The majority of traders will be looking at the Fib extension on this chart. One should acknowledge the chart however this is an incomplete picture of where … Continue reading →

Everything about this board says to not chase the Administrations talking points that Hormuz is sorted. Gold will require sustained price over 4750 for higher. Silver over 75. Nasd/Bond is into major resistance. Trade the wiggles and do not get … Continue reading →

Fool me once Fool me twice. Nobody will be buying Trump’s bilge water going forward. Technical models remain down in the indices. Sell every meaningful rally. No one is deluded enough to think this Iranian fiasco ends over the weekend. … Continue reading →

Tomorrow a new qtrly sheet will be delivered. I’ll be sending one to current subscribers. If you don’t see the Sheet and you’re a subscriber you need to say something so I can correct the list. Margin selling seems to … Continue reading →

When you’re right you never have enough, but repetition will mean you have enough when you’re dead. Spoo is into a cover level I highlighted yesterday into the 6480’s. It’s just a level to wait for another opportunity to sell. … Continue reading →

The technical model in the indices will remain down. The war is over when Iran says it’s over. Captain chaos, with four trading days left in the qtr., has on the verge of as much deeper correction. The bulk of … Continue reading →

Who’s your Daddy? Who do you believe? Names and sectors are responding the same way on the up as the down. CAT & DE were in focus early yesterday in the room. Let the day unfold, for it is the … Continue reading →

Spoos…momentum and its 200 DMA are a match in the mid 6650’s. Metals are attempting to form up again although I’m not biting on this trade. Spoo/Gold is sitting right at the bottom of its qtrly cloud. This is where … Continue reading →

Keep your track shoes on. Friday saw the macro qtrly S&P sell stops elected. Spoos just hit resistance on the 150 point & figure matching major mag average resistance in the Risk spreads. Bond rally railed right where it was … Continue reading →