Classic charting 101!!!! This is the 3rd gap higher…if you’re involved with the miners…BOOK SOME MONEY!!!!!!!!!!!
We’re buying a little EWH @ the market. App 25% position. Place an order for another 25% @ 18.35
We will be flat these ETF’s going home. I.E. We will have no positions in these or any other instruments.
We were stopped out of the JJG. We did add to our Long Gold and Silver ETF’s today. We’ve attached a Nasd 100 futures point & figure for a visual. 2220 ish becomes 1st support and remains a pivotal level … Continue reading
Per yesterday’s A.M. Look.. We will be increasing our long metals exposure with a close over 1552 August gold. “This is a live order”…. We will do this via the ETF’s GLD & SLV.. The Miners should also be on … Continue reading
Late a.m., the trading community will be watching for signs from Greece. The afternoon should provide even more entertainment than the early a.m. with the Fed minutes. Today is also Bond Futures expiration. The Expiration takes place at noon CDT. … Continue reading
Those looking for a low risk buying opportunity today should focus on the oil ETF’s. USO, has a potential double bottom on the weekly charts forming, with 36 seemingly the downside risk. OIH..the 200 day is app. 140.80, has the … Continue reading
The lows in the currencies and the Equity indices (highs in the Bonds) are good for now.. Let’s use a 1268 (SEP S&P Futures) intraday trailing stop on the remainder of any outstanding positions. ETF traders…if you want to pick … Continue reading
RWM ( Russell)…PSQ ( Nasdaq)…These are two short ETF’s. For guys that are uncomfortable selling rallies in the futures, these could be a way to play the downside while minimizing your risk and still being able to sleep at night. The Nasdaq futures … Continue reading