All the big cap High Yielding Multinational names are trading better than the overall stock indices. In the mining sector, FCX and BHP are following through confirming the upside patterns from yesterday. I think you’ll have better luck trading the … Continue reading
Have we just established a new 80 point range for the SPU? Will we just rip back and forth in this one, every few days, with a lower low then becoming the new area for Bottom Feeders ?… “Bonds are … Continue reading
Here we are, right back to where this game started Monday. The macro numbers have not changed. A re-test of 2180 in the NASD is possible. AAPL was a huge hold, which was then followed by upside reversals and outside upside reversals … Continue reading
You should be out of all short stock index positions!
General tone… AAPL has been floating all boats for a long time. A close under 364 is not positive. 357.50 on down to the 200 day at 353.50 is a level to trap the shorts the first time in. Watch for market … Continue reading
The low in the Aussie today is a 50% move back on the short swing..meaning the measurement from the 2010 low. This trade has been the mirror image of the Spu, and in fact topped in July. The first area … Continue reading
One of the main features of last Qtr were the outside reversals in the dollar against the Singapore Dollar, Aussie, Canada and Brazilian Real. These chart patterns were a reflection of Global DE-leveraging or better known as the “Risk Off Trade”. … Continue reading
Many of the instruments we purchased yesterday are up between 3-4% Pay for your stops..I.E. sell out 20-25% of your long position to trade on the house Money!
Euro…134.25 is the first major fib. Aussie…98.00 is the first monthly level of any significance. USD/CHF…The mid to high 93’s will be the first big area..108 ish in the Futures looks tough the first time in. In short we’ve just … Continue reading
It’s going to be a long day and my interest lies with the end of day trade. “Where we close”. Yesterday saw us cut our “Risk On Book” by 50%. WHY? Caution, and as one of my friends always preaches..” … Continue reading