let me just touch on this one more time. The Stock indices have just come down to their respective “Qtrly” outside reversal #’s and held. These are Monster levels!! Closing below these numbers would be cataclysmic at month end. In … Continue reading
The lows in the currencies and the Equity indices (highs in the Bonds) are good for now.. Let’s use a 1268 (SEP S&P Futures) intraday trailing stop on the remainder of any outstanding positions. ETF traders…if you want to pick … Continue reading
There are big natural resting stops below these #’s in the Indices…Keep them in front of you. There is a huge end game setting up for the end of the qtr. ( this months close). A close under 1249 in … Continue reading
We lightened up or got out of most of our positions today. First they jammed a lot of people today during a very thin time of day after London’s close. Many weak market participants were run out of their long … Continue reading
Whichever instrument you chose to short the stock indices, It’s time to take the money on 70% of this trade if you have not already done so.
It was a big week last week. There are many lessons to hopefully be learned from how it all unfolded. Today, I want to focus on three things: 1- Stock indices and single stocks; 2- The Euro as an example … Continue reading
S&P,Russell,Midcap,Nasd…(whatever your chosen instruments) we are using stops over yesterdays futures highs on a closing basis to manage our shorts. TBT…same stop as yesterday 32.20 PAAS..Needs to hold right in here. Gold & Silver…The charts in both look vulnerable to … Continue reading
These levels do not change so please keep them. I will not re-visit these in the a.m. The crude just gave back 50% @ 99.40 of this years move and still going. I’ll start looking another 4 dollars lower for … Continue reading
I am in full wait and see mode this a.m. We would expect to see a 2 way trade today with both buyers and sellers taking their turn trying to gain directional control of the stock indices. Investors should either … Continue reading
Silver is set to re-test the Sunday low. 41.77-42.05 is the Keno level. We are not playing this time down and it is a level for only the nimblest of professional traders to monkey around with. A close below 41.77 … Continue reading