This Etf has been a great risk barometer. 16.40, today’s high, was a re-test of the outside reversal low daily close that took this instrument to the 9.50’s matching the 1240’s in the Spu. 16.40 was also our trailing closing … Continue reading
CCJ…short term res is at 32.87…36.40-80 is the level that longer time frame traders should take at least 50% of this trade off. The stop we will use for our longs will be 28.70 close. REE…Any investor that picked some … Continue reading
I love scalping this! Go to a 25% position. Buy a little at the market. Macro stop is still 11.90.
Spu is now showing a double top on the point & figure all sessions chart @ 1306. 1283.50-1290 will be support and a bear trap the first time down. 30 Yr. Bonds….unfortunately we have no position, however macro stops remain under 119.08-119.00, … Continue reading
Take another piece of your long REE off at the market. Cancel the order to sell @ 13.80 and raise it to 14.20 for the rest of your position
Place an order to take 50% of your Long Oil futures off at the 87.50-60 level. Use a break even stop on the remainder. This somewhat mitigates me being anxious yesterday and not using a stop close with the SDS. … Continue reading
Pick your dates wisely this A.M. Trading has become a scene from the match game. It’s all about picking the right door. ( The hot stock of the day) We got a little premature leading off in the Spu yesterday. … Continue reading
Percentage wise, this has been a monster move today. Sell 25-30% of this ETF @ the market or by the close to pay for the stop. We’ll use an 11.95 closing stop on the balance. Leave a resting order to … Continue reading
This has been on our buy on the big dip into this area. I just got an e-mail from one of my clients ( who we shall refer to as Mr. Lucky for now) got filled at 12.10 the low … Continue reading