Tag Archives: Risk On Trades
JJG
Let’s close out this position…Sell Longs at the market. The world is in Risk Off mode,and this is Risk On Asset. Pay attention to your time frames, this looks to be a one way street going into London’s close.
A.M. Look 11/23/11
SPU’s..1171-1166 is a significant level. Generally areas like this are directional ( Bear) traps the first time into the zone. However closing below a level like this is quite Bearish. 1153 is the next Fib level. There is a very … Continue reading
Spu’s
Today’s End Game…. A close over 1197.30 @ 3:15 Pit session “Chicago”… This would put in a daily outside reversal pattern to the upside, trapping all the Bears again. The pattern foreshadows a “Risk ON” signal …possibly, with follow through … Continue reading
Risk On Looks Dead
Time to take what we have in any Risk On trades. We are closing out All long positions including Gold and going to cash. The Bonds are still ok, but this is just one more instrument that is a much better day … Continue reading
A.M. Look 11/17/11
I’m feeling like I’m in a bad B movie, and Boris Karloff has strapped me to the rack in his torture chamber. OIL…Needs all new strength over last nights high or under 101.50 for weakness. Gold…We’re standing pat for our … Continue reading
A.M. Look 11/16/11
EURO…135.50-80 on top…133.90-134.14 below( natural support) which is last years close matching Fib support ( half way back from the June 2010 low). Once closing under the yearly close, 132.50 seems the next area to test. This simply means to … Continue reading
XLB…Materials SPDR
I am liking this chart! A weekly break out looks to occur on a close over 35.17 The risk is app $1, ( 33.80 stop) Look to buy weakness on the next swan dive in the SPU with a tight … Continue reading
On the menu for Today
Jeffrey Lacker Speaks ….11:15 AM ET Richard Fisher Speaks…12:30 PM ET There are still two more speakers to go today.. I would expect nothing but market positive statements to continue! Day traders looking to fade the tape today, for a … Continue reading
GOLD…Stops
The point & figure charts show the Gold needs all new strength over 1787-89 to start another leg up. This pattern does not preclude the possibility of another trip to the low 1760’s. We’ll raise out 1747 stop close to 1760 … Continue reading
A.M. Look 11/15/11
It’s not a good morning for the risk on crowd. We would have been much happier if we just sold the Euro as a hedge against our portfolio. Short Euro/Long Gold..has been working for a while. Short Euro/long anything seems … Continue reading