The smooth blue line above is the 200 day Mvg Avg
Now that we’re trading at the SPU tgt level I was looking for in Nov. “1319” area, We’re going to buy a little portfolio insurance against our remaining long exposure. Buy the SDS/ Short the S&P 500 @ the market! … Continue reading
The moves over the past couple of trading days have been run off SPU/BONDS and DAX/BUND. The sell off in the Bond markets have been keeping the equities buoyant. Watch the price action in the Bond markets for clues to … Continue reading
ORH…Outside Reversal Higher…price positive pattern SLB…71.45 BTU…37.55 HAL…36.71..(shows a double top and a double bottom on the weekly…whichever way it breaks out) Euro…128.81 EUR/JPY…98.85 TBT…19.28 ORL…Outside Reversal Lower…price negative pattern 30 yr…. 142.01 Bund…138.43 TLT….117.68 ( this has a weekly … Continue reading
Euro…128.81 will be the level to monitor for direction over the next 2 days. A close tomorrow is needed over 128.81 for an “ORH” week. It’s worth keeping an eye on this level to determine whether the Euro remains weak on the … Continue reading
For those of you who were not stopped out yesterday, we are exiting this position @ the market. We will revisit this at a later time.
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
Yesterday had us lightening up on the portfolio we came in with. We added short Gold via the GLL ETF. ( app 1661 in the futures) Those of you that used the stop in the SDS as a closing stop…you’re … Continue reading
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
We have a Risk On Bias in our portfolio after adding the Oil Etf’s and the Aussie late Friday, un hedged against the Long SDS. The capital flows clearly show Europe looking for safe places to protect their assets. GOLD… … Continue reading