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
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
145.20 in the 30 is the next area to watch for a reaction in the spread. 1255-59 is the bigger support in the Spu’s. I’m still looking for that 1259 print. Euro…126.87…Short covering can occur back over this area, yesterday’s … Continue reading
SPU/BONDS Start keying off of 144.20 in the 30 yr. More strength above is needed for stocks to weaken further.
Yesterday’s pit session low was 1280.80. A close under this level is needed to put in an outside daily reversal to the downside. BIG LEVEL!
Markets are overbought. Buy the SDS @ the market with a 17.90 stop. This is a short S&P 500 trade. We are viewing this as a contra trend nibble!
Crop report tomorrow…..grain and Grain names will be in play Spu’s…Our focus will be limited to 2 levels…1280 & 1259.. 1280 will be pivotal early. Gapping below for the pit session and failing to rally back over would be bearish.. … Continue reading
We’re presently trading around the buy levels suggested yesterday in the Aussie and Canada. Currency traders can give it a go… Buy a small long position @ the market if you didn’t have resting orders. We’re keeping it small because … Continue reading