I’ve got tone and I’m taking the shot! We’re buying ( going Long) the EWH ETF ( Hong Kong) @ the market, as a spread against our short Spu’s. Spread up no more than 25% of your position.. Use a … Continue reading
We finally got a Risk off board after 50 + days of straight up! Spu’s..1350.25/stops below, “1343 ish-1339” This is where we want to pay for this trade by taking some profits! SDS trades are done off the Futures levels. … Continue reading
As of the close today, we’ll officially be short the S&P 500 with closes at present levels or lower. IF YOU GET ANY TYPE OF A RALLY LATER TODAY, YOU SHOULD TAKE THE OPPORTUNITY TO SELL SOME SPU’S AROUND 1363-4, … Continue reading
Stock Indices…are the tail end of the dog. The trade is terrible with the same grinding action. We have a weekly swan dive that is short lived. The opportunity is in the underlying instruments. Seemingly, everyday the dance partners change … Continue reading
116.55 is May 2011 high in Cat. It lost almost 50% of it’s value from that High. This is a big upside closing pivot level. Sustained price action above this level leaves little room for the Plungers ( Short Index … Continue reading
Currencies… I don’t see any reason for shorter time frame traders, particularly those with the ability to trade either cash of Futures in the Currencies, to have exposure over the weekend. Sunday will start a new game. If the market … Continue reading
Early yesterday when the Spu’s showed weakness the AUD/JPY did not. AUD/JPY…( Long Aussie/Short Yen) remains a leading risk on indicator. 84.00-84.12 is the next short term resistance level. DAX….shows no significant resistance until 70000 Copper…there are resting stops above … Continue reading
We’ve been using a 116.50 stop close in the TLT. Our original buys were around 115.50 In the TLT ( 140.27 in the Futures) While the SPU/BOND spread continues on it’s merry way, we sold a good chunk of the … Continue reading
Today’s low in PIN is the a retest of the 200 day mvg avg. EPI…the 200 day is 19.87 Investors looking to diversify or playing in this pond, manage your risk against these #’s. Closing under these levels would be … Continue reading