Tag Archives: Risk On Trades
Aussie…FXA
Wonders never cease! We’re filled on selling our long FXA which over ran the straight cash level by 20 ticks. Those of you in the futures ( 104.30 H ) or cash 104.85-95 AUD/USD..take your money any where near these levels.
Chart Patterns…X
A lot of names look great. Since I am not a fan of chasing with the horde, you have to look at the ones that have not had as big of a run. SLB,HAL & BTU in the Energy and Services … Continue reading
Pattern Alert…Goog
A close today over 631.93 will put in an “ORH” daily pattern. As with X, these should be construed as price positive patterns.
Position Update…Current Holdings
LONG… XLE DIG MOO FXA GLL Stops are as previously stated.
MCP…Molycorp
Molycorp held 28.22. The Numbers have not changed here. Yesterday the high and low of the Spu’s lined up with the MCP technical levels. Keep your eye on this! I like today’s low…The upside break out is a close over … Continue reading
Pattern Alert…SPU’s…S&P 500…MCP
The only # that really matters now is 1272.70 Spu Pit session. A close below this level would put in an interim top in all risk assets with a ORL ( outside reversal Lower day) It remains to be seen … Continue reading
Pattern Alert…MCP
You have a potential weekly double top in Molycorp @ 30.20 Since we occasionally use this as a surrogate trade for Copper, it should be monitored for general Risk bias. Strong Copper prices are indicative of general “Risk On” demand. … Continue reading
Position Update…SDS
I am leaving this stop alone..”17.90″ You should have sold out a portion of all other LONG instruments to pay for your trades.
XLE…DIG…FXA ” Aussie”
We are buying a very small position in Dig and XLE Leave the stop as is in the SDS This will leave us with a small risk on bias. The Aussie is still holding. For those that can’t trade futures … Continue reading