LONG… XLE DIG MOO FXA GLL Stops are as previously stated.
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
The only # that really matters now is 1272.70 Spu Pit session. A close below this level would put in an interim top in all risk assets with a ORL ( outside reversal Lower day) It remains to be seen … 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
We are buying a very small position in Dig and XLE Leave the stop as is in the SDS This will leave us with a small risk on bias. The Aussie is still holding. For those that can’t trade futures … Continue reading
Oil…100.55 close now becomes a similar level to 105-105.31 All new closing strength is needed over these levels for new upside. Brent shows the same pattern with new closing strength back over 112.20 needed. Short term sell stops are 98.30 … Continue reading
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