I was looking for that last final squeeze up over 1198 futures. So far no cigar. If you have not already taken your profits, I recommend doing so within the next 30 minutes.
Any price action over 1197.75 today will be used to liquidate the rest of our longs. That’s right, although we may rally a further 20 points I am taking the money! 105.05-25 Aussie should prove troublesome the first time up as … Continue reading
I have no great insight this a.m. I am just going to watch and let the day develop. Later in the London session we might get a hint as to witch way traders are willing to place bets going into tomorrows Sarkozy-Merkel … Continue reading
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
Major resistance is major resistance…Since my clientele have differing goals..here goes. Long term private wealth guys were looking for a low risk area to bottom fish..They do not wish to be in and out….that is why we only took half … 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
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