Tag Archives: Technical Trading
We’ve come a long way Baby!
You’ve just had a 100 point rally in the Spu’s off the lows. Think about it. Time to do the tighten up!!! Investors who are Long should either pay for their trades or decide how much they are willing to … Continue reading
OIL…EURO…JJG
Everybody has got an opinion, which is Risk Off. In the meantime everyone keeps selling everything in the hole. Trade your technical levels! Crude put in a potential double bottom on the weekly which is helping to keep the Indices … Continue reading
Stock Indices…Risk Off
You got the one rally to check the Qtrly closes. Short term traders should be selling every rally until proven wrong. That would be price action over today’s highs in both the NASDAQ, S&P 500 as well as the Euro. … Continue reading
Pay For Your Stops
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!
A.M. Look 9/22/11
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
IBM… Pattern Alert…TBT
IBM just put in a double top on the daily charts @ 173.88. We need to see all new action over this level for upside follow through. A close today under 173 will have us exit this Long position. Sell IBM on … Continue reading
A.M. Look 9/20/11
Yesterday’s close had us tightening up our overall risk in our portfolio. Sometimes it’s just better to clean house and remain with what’s working the best. We trade to make money not to be right! I know everyone is chomping at the … Continue reading
Single Instrument Stops
Presently there is definitely little confidence that Europe can get it’s act together over the weekend. This is evidenced by the lack of follow through in the S&P failing to assault the unchanged level on the month. Like I said … Continue reading
STOP CLOSE ONLY!!!!!!!!!!
You want price confirmation that these trades are good! The SPU’s just rolled back over. If you don’t get these confirmations do not do the trades…WAIT!!!!!!!!
EEM
We will be looking to add the EEM Etf to the “Risk On” portfolio via a closing order if elected. BUY EEM on a 40.05 “STOP ON CLOSE ONLY.” Simply, if it’s above 40 on the close today we’ll try … Continue reading