Tag Archives: Gold
A.M. Look 6/14/11
Yesterday saw us cover almost all current positions. Whether it was our spreads or outright naked positions, we will await further price action to determine our next move. We have a lot of U.S. data coming out over the next couple of … Continue reading
Recap…Big Picture
We lightened up or got out of most of our positions today. First they jammed a lot of people today during a very thin time of day after London’s close. Many weak market participants were run out of their long … Continue reading
Position Reminders…Stops
Some of you have already sold your REE, if not, be out by the close today. PAAS…We will be out of this long today with a close lower on the day. TBT….Another hedge that is going nowhere. This is about break even..best … Continue reading
Day End General Comments
Many of you took a good piece or all of your shorts off at DR. Nenner’s 2218 Sept Nasd 100 level matching the 200 day mvg avg. and unchanged on the year in the Nasd. Levels like these are rarely … Continue reading
STOPS For Current Holdings
S&P,Russell,Midcap,Nasd…(whatever your chosen instruments) we are using stops over yesterdays futures highs on a closing basis to manage our shorts. TBT…same stop as yesterday 32.20 PAAS..Needs to hold right in here. Gold & Silver…The charts in both look vulnerable to … Continue reading
A.M. Look 6/10/11
Just a note..The June currency futures expire Monday @ 9:15 a.m. Central Time. Equity index futures ( S&P…NASD 100…Midcap 400…Russell) expire Thursday @ 3:15 p.m. Central. June Bonds and July Oil expire the following Tuesday 6/21. You have noticed that … Continue reading
A.M. Look 6/8/11
The Nasd will have a total breakdown with a Futures close below 2266. AAPL… 322- 324.80 will be another good market tell. This represents the last of the monthly support and the 200 day mvg avg. Only sustained price action … Continue reading
A.m. Look 6/7/11
First a BIG Thank you for the hospitality and warm welcome shown by the San Francisco Traders Association this past week. I should be able to focus by Thursday! We would also like to thank the Mad Hedge Fund Trader ( … Continue reading
A.M. Look 6/1/11
It’s the first of the month again, let’s see how much buying we get from the cost average crowd in the equity indices this a.m.,Specifically we want to watch the early time frames for reversals of capital flow into 9 … Continue reading