Let’s close out this position…Sell Longs at the market. The world is in Risk Off mode,and this is Risk On Asset. Pay attention to your time frames, this looks to be a one way street going into London’s close.
Dealers choice…The board is shaping up to be a back and forth day trade. Trade what you see, pay attention to your time frames and take your money. Model Trading Portfolio…Current Holdings No positions Our view is that the rest … Continue reading
“Day traders” looking for a reaction trade, should be patient until London is done selling everything. IBM…180.50-181.50 is key support and a major closing pivot level for direction. AAPL …363 is the app 200 day mvg avg today. GOOG 557 … Continue reading
General price action: As long as AAPL keeps holding 355 the Nasd 100 futures looks to hold the 2030 area. We’ve been down there 3 times and held. All the Indices price action stinks! AAPL is the beneficiary of a … Continue reading
The first question: is today’s high in the Bonds and the Low in the S&P it? We know that it was a great place for a reaction trade, the Bonds will now try to seek out an eventual 138 print ( which … Continue reading
We’re going into the end of this capital flow in the next few minutes. Those wishing to be extremely conservative should take 25% of your longs off. The afternoon can be a whole new ball game. The market will need … Continue reading
Now for this week’s episode of the mid-week shuffle. We just had one monster break to unchanged on the year in the S&P. The average big move in the SPU is 80-100 points. We just got the FULL MONTY! Today, … Continue reading
It’s the day before equity index expiration,Full Moon with Nasd re-testing the 200 day mvg. avg and Unchanged on the year ( last years close… 2216) Decision time: it’s up to every investor to chose his particular style of trading, do you … Continue reading