Oil…91.45– 92 is the next significant resistance area. 30 yr. Bonds…we are going to sell the Bonds “which = buying TBT” with a tight stop…at the 147.14-20 level. We want to start small with a 25% position. Euro…held macro pivots … Continue reading
Chevron is a single instrument that lined up well with the ETF’s DIG & XLE. This is attempting an ORH day with a close over 117.18.
DE…a close over 78 puts in an ORH week CVX…104.65 for an ORH week Oil… 80.80-95 is resistance with buy stops above, with 82 ish being the next closing hurdle. Euro..126.20-30 is pivotal. CAD/JPY…put in a double bottom @ 76.60. … Continue reading
Friday being Qtr’s end, the one thing we aren’t looking to do is fight the capital flows, which are still up in the Equity indices and down in the Bond Futures. It would seem logical to see this flow continue … Continue reading
General Execution Note… Most of you are at your screens for the first few minutes of trading everyday, regardless of your day job. When an instrument is up 5% just after the opening, and 10% in a couple of trading … Continue reading
Spu’s…Mid Oct was the last time we saw these levels in the index. 1288-89 was the old high with 2408 in the Nasd. We were looking to get out of our longs around the 1319-25 level on that swing, which … Continue reading
You should be stopped out of JJG & BTU…DE,CVX,BP and 3M are still alive… Do Not Lose Money On Any of These Positions… The trade should be sloppy over the next couple of days, with both Bulls and Bears trying to … Continue reading
We sold 50% of our long Stocks and ETF’s for a decent profit yesterday. Keep a break-even stop on the remainder of your holdings. Gold..we took a very small look at this instrument via the GLD. Futures traders got your trade location … Continue reading
Many of the instruments we purchased yesterday are up between 3-4% Pay for your stops..I.E. sell out 20-25% of your long position to trade on the house Money!
Yesterday had us go to a Risk On footing with a suggested Long portfolio. The low appears to have been put in Interest rates in Europe as well as the U.S. We are treating the Bunds and the U.S. 30 … Continue reading