Markets, in general, do not typically change direction in a day. The process usually takes a couple of days for the current trend to abate or reaffirm itself. It’s the Mid-Week shuffle, combined with a new month, making this an … Continue reading
Is this the high or isn’t it? Is this the start of sell in May and go away? We won’t know unless we give it a try. Buy the SDS using a 41.90 stop intra-day. Any way you look at … Continue reading
We’re exiting the SDS and the TLT today. We will use this break to exit relatively unscathed and clear our head. We’re willing to give this a little more timethis A.M. to get back closer to our entry levels, however … Continue reading
Full Moon Trading… Euro…132.82 is first resistance with 133.15-30 being a key closing level for more upside. EUR/AUD…128.80 is closing resistance EUR/GBP…87.70 ish is resistance…sustaining above, look for another figure. Oil…94.46 is the pivot. Nasd…sustaining above 2758.25 is price positive. … Continue reading
EUR/JPY…122.36 is first support, once below look for another 2 figures. AUD/JPY…9500 is first support with minor weekly sell stops 2 @ 95.15. Once below, look for another figure. EURO…133.15-25 is macro resistance. 130.88 is weekly support EUR/AUD…128.48 is weekly … Continue reading
We will honor the chart patterns in the Currency Crosses and the Midcap 400. We’ll start a short position… BUY SDSĀ MOCĀ ( Market On Close)
SDS…48.36 is the daily ORH# The weekly # (meaning tomorrow’s close) is 49.00 This level matches up with 1500 in the Spu.. We will honor this chart pattern on a “closing” basis. With a close above 48.36 we will go … Continue reading
We’re Buying a 25% position in SDS on a close over 14.35. This is a short S&P 500 trade. Investors wishing to lead off on the close should use a 14 stop.
Sell the 25% position in this instrument @ the market. We’ll await a better opportunity… The Lemmings are running today.
Looking around the board we’re close to playing the match game over a wide array of asset classes. EFA, SPU, DAX, Euro Stoxx 50, Oil, USD/CAD, AUD/JPY, 30 Yr Bonds, Gold… We’re coming into go or no follow through territory. … Continue reading