It’s a risk off world. The major indices are in a tug of war with the DJI & Nasd seeing a relative safety bid ( they’re maintaining above their respective 200 day mvg avg’s) and the SPU,Russell and Midcap all failing. The big … Continue reading
A close today under the following levels in the Futures can lead to another swing down in prices: 1259 S&P, 2185 NASD,777.20 (also the 200 day) Russell,922.80 Midcap 400 ( with 200 day app 913). The bigger levels coming down … Continue reading
When markets are trying to top or bottom price action is generally violent. Couple that with the qtrly chart patterns in play, and it’s a game only for the professionally nimble day trading flippers. We were looking for this kind of … Continue reading
There are big natural resting stops below these #’s in the Indices…Keep them in front of you. There is a huge end game setting up for the end of the qtr. ( this months close). A close under 1249 in … Continue reading
We lightened up or got out of most of our positions today. First they jammed a lot of people today during a very thin time of day after London’s close. Many weak market participants were run out of their long … Continue reading
Whichever instrument you chose to short the stock indices, It’s time to take the money on 70% of this trade if you have not already done so.
It was a big week last week. There are many lessons to hopefully be learned from how it all unfolded. Today, I want to focus on three things: 1- Stock indices and single stocks; 2- The Euro as an example … Continue reading
S&P,Russell,Midcap,Nasd…(whatever your chosen instruments) we are using stops over yesterdays futures highs on a closing basis to manage our shorts. TBT…same stop as yesterday 32.20 PAAS..Needs to hold right in here. Gold & Silver…The charts in both look vulnerable to … Continue reading
Just a note..The June currency futures expire Monday @ 9:15 a.m. Central Time. Equity index futures ( S&P…NASD 100…Midcap 400…Russell) expire Thursday @ 3:15 p.m. Central. June Bonds and July Oil expire the following Tuesday 6/21. You have noticed that … Continue reading