We are in the ” Trading what’s in front of us business” and translating that into returns. So we’ll just let the board unfold and do the same things that made us successful last year and the prior 37 years. … Continue reading
More of the same, the day trade continues, disappointment with Eurocrats leads to a risk off A.M. London session. Today’s Risk off has manifested itself in Dollar buying vs. equity weakness. The weakness in Gold & Oil looks to be … Continue reading
SPU…(H) 1221.50 is the top of the recent pit gap…Levels like these are generally, high percentage directional traps the first time in. You saw the big rebound off the area last night to re-test the reversal close of 1244. Then … Continue reading
Today will be an event driven trade with the BOE & the ECB rate decisions, notwithstanding all the expected rumors that will be coming out all day. Pick your spots and take your money, I’m sure you’ll get a couple of … Continue reading
I have nothing new to add to comments over the past several days. Markets get far more interesting to me the end of next week into the beginning of the 19th. Until then try not to get run over with … Continue reading
Right now everyone is looking for something to do. The best course of action for the longer time frame trader is to keep your powder dry and remain in cash. Short term guys, do what you do best, pick your … Continue reading
The board has been mildly Risk on since the Asian opening last night. Europe didn’t disintegrate over the weekend. The world seems to be in wait and see mode, waiting for a clear signal that we can get through the … Continue reading
SPU/BONDS…are running the show with the 30 yr attempting an outside reversal higher day. Keep it on your radar. This type of close will not be price positive the equities or Risk assets in general. The currencies have been leading … Continue reading
It’s good news week. It will be a price action trade for those playing. SPU…1251 will need to hold the first break “during the Pit Session” and then stay above to maintain strength throughout the day. 1262-66 shows early resistance. … Continue reading