Yesterday EXCO resources put in an ORH day. This is a cheap look against 7 dollars. Put this on your buy list, on weakness. 7.67 is the 50 day mvg avg. This could easily test 8.15.
The game for the next 2 weeks is going to find low risk Alpha. “Find the names where you can codify your risk ” ( Have a defined stop) and see if you can ride the capital flow trade into … Continue reading
You should be stopped out of JJG & BTU…DE,CVX,BP and 3M are still alive… Do Not Lose Money On Any of These Positions… The trade should be sloppy over the next couple of days, with both Bulls and Bears trying to … Continue reading
We sold 50% of our long Stocks and ETF’s for a decent profit yesterday. Keep a break-even stop on the remainder of your holdings. Gold..we took a very small look at this instrument via the GLD. Futures traders got your trade location … Continue reading
Presently there is definitely little confidence that Europe can get it’s act together over the weekend. This is evidenced by the lack of follow through in the S&P failing to assault the unchanged level on the month. Like I said … Continue reading
Let’s take another 25% of our Longs off. Raise all stops to just below unchanged on the day. “meaning yesterday’s close” What’s sticking in my craw today is the Euro attempt at the Trend line breakout of 139.50..We just missed … Continue reading
Let’s use this strength to sell 25% of our individual Longs out to pay for our stops @ the market. Long OXY Long 3M Long BHP Long FXI Long IBM Or anything else you picked up!
I am going to buy a very small position in OXY since it traded almost to it’s downside tgt. We’ll use a 3 dollar stop (77) 3M has put in a double bottom on the weekly charts.This instrument needs to … Continue reading
Just a reminder we will be taking 50% of our profits off the table by the close! I will leave it up to you to see if we get one more push up in the last 30 minutes of NYSE … Continue reading
Investors who wish to be involved with individual instruments should consider IBM,MMM,Cat,OXY,XOM,JNJ to name a few. The Grain names have already bottomed. The trade location is not good in this sector, however a close over 68.30 in MON ( 200 … Continue reading