So far the 30 Yr has rejected the resistance area. The TBT went to our retrace level of 39.60-70. Longer term traders should have a small position on against this level. REE…we’re using a 13.45 money stop. XLF…Place an “OCO” order to … 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
I am buying a 20% position in the SDS at the market using a 22.20 stop. Sell another 20% piece of REE @ the market. GE is holding up the entire market having elected multi qtr stops over 19.70. GOOG … 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
This is one of the MAD HEDGE FUND TRADERS favs.. The technical zone here is from 12.05-11.75. This zone is a 30% pullback for the life of the instrument. Buy a 30% position at 12.10 for longer term investors.