It’s been a long long week with unlimited opportunity from both sides of the market. The present price action leaves me nonplussed. Longer Term Investors can leave a small piece of your longs on with the trailing stops if you … Continue reading
Sell another 25% @ the market. We know the 1186 level is big. I thought after last nights attempt lower that we would try to rally to the unchanged level on the week of 1197. We could still see that … Continue reading
Longer Time Frame Investors.. Break your existing holdings into two pieces. The first piece will be exited in the mid to high 1190’s. The second piece will be exited around 1215. This will have us out of all our longs. … Continue reading
Today will be another price action day. The overnight low in the Spu was a natural retest to the downside from a major technical resistance level. So far the re-test held. Now we will wait to see how the market … Continue reading
We’re going into the end of this capital flow in the next few minutes. Those wishing to be extremely conservative should take 25% of your longs off. The afternoon can be a whole new ball game. The market will need … Continue reading
1178- 1185 is still the major resistance level in the Futures, with a close over 1186 being positive. We will sell 50% of our long positions no matter what instruments we’re involved in based off this S&P Level!!!!!!!!!!! Place your … Continue reading
I am going to give it a go for Risk On. Buy the SPU or the SSO with a stop below today’s low.
A close over 105.22 is needed for an outside daily reversal pattern. I am watching this level to see if it correlates with an end to the general RISK OFF TRADE.
Bottom Pickers!!!! It you’re not a professional day trader. This is the only place to manage your risk with this volatility. The SSO provides the only sane venue to bottom pick. At least you can identify a money stop. Which … Continue reading
A close below 109.07 will put in an outside reversal day to the downside. 108.69 is a key hold level for the RISK ON crowd… A violation of this level will likely lead to a retest of the 105 area. … Continue reading