SPU/BONDS at a tough level! Crunch time for the spread…this is a pivotal spot for 2 figures either way. Pay attention to your time frames. Do not reach for trades.
Reality Check,let me count the times we’ve seen these swings since Aug 1. I think we’re on our 11th swing of 8-10% moves in the Spu’s. If you added in the Bond side of the spread, most moves were closer … Continue reading
The majority of you told me you were not playing in the equity indices or the SDS. Our position update was put out for consistency more than a desire to do anything. ETF traders have to be in or out, … Continue reading
This has been a big trading market all year. There is no reason to think it won’t continue. That being said, you have to take your shots at the 6-8% trades when they avail themselves. That means selling the rallies … Continue reading
SPU’s..1171-1166 is a significant level. Generally areas like this are directional ( Bear) traps the first time into the zone. However closing below a level like this is quite Bearish. 1153 is the next Fib level. There is a very … Continue reading
Dealers choice…The board is shaping up to be a back and forth day trade. Trade what you see, pay attention to your time frames and take your money. Model Trading Portfolio…Current Holdings No positions Our view is that the rest … Continue reading
Euro…It’s caught between 135.50 and 134 ish. A momentum close is needed either way, above or below, for a short term signal. Oil…100 is short term resistance. If the board goes Risk Off again. 94.50 could be revisited. Gold…we’ll need … Continue reading
Time to take what we have in any Risk On trades. We are closing out All long positions including Gold and going to cash. The Bonds are still ok, but this is just one more instrument that is a much better day … Continue reading
I’m feeling like I’m in a bad B movie, and Boris Karloff has strapped me to the rack in his torture chamber. OIL…Needs all new strength over last nights high or under 101.50 for weakness. Gold…We’re standing pat for our … Continue reading