Tag Archives: Gold
A.M. Look 7/19/11
We’d like to thank John Thomas, “The MAD HEDGE FUND TRADER”, for an insightful and entertaining luncheon at his Chicago event, it’s always a pleasure! Lemming Effect Trading…yesterday was more of the same…we sent out the Swiss and EUR/CHF charts … Continue reading
A.M. Look 7/18/11
The fear trade continues…Short Euro/Long Metals.. 1298-1302 S&P 500 futures is still a key technical level. This continues to be a market for short time frame traders, while stocks like AAPL have become the recipient of a seeming flight to … Continue reading
A.M. Look 7/15/11
Let the day set up. Most traders are worn out from the recent moves. It’s been a scalpers paradise. I have been inundated with e-mails from long term investors wishing to initiate new buy and hold positions. As of now, everything seems … Continue reading
A.M. Look 7/8/11
In yesterday’s session we took off the rest of our long exposure in the SPU & NASD futures. Those of you that had Miners or AAPL either took it all off or are down to 25% positions with trailing stops. … Continue reading
A.M. Look 7/7/11
The game plan for the equity indices is to sell remaining long positions this A.M., on strength the first time up into the mid to high 1340’s based off the Spu. Take your money and wait. AUD/USD…107.70-90 ( app 106.70-80 … Continue reading
A.M. Look 7/6/11
Yesterday had us reducing our long equity holdings just after the opening. Today it is all about where the indices hold. A close today below 1328.25 (S&P 500 Futures) would have us sell the rest of our longs. This would … Continue reading
Gold & Silver…Risk On
GLD & SLV Etf’s.. Admittedly I got stubborn with this trade! Definitely the worst trade I’ve had in the past 3 years. I hate taking a great trade in the equity indices and turning it into nothing someplace else. If … Continue reading
A.M. Look 7/1/11
The Aussie ,Canada,Suisse and EUR/CHF are all in play today. Please refer to the recap levels yesterday. 122.96 EUR/CHF should be a difficult level. The straight Suisse futures are attempting to put in an outside reversal week, however the USD/CHF … Continue reading
Recap..
We have paid for our stops in the equity index futures. If you haven’t already, pay for your stops by the close in the miners. I.E. Sell a portion of your long position, so no matter what happens, you do … Continue reading