Today’s low will be a near term pivot for the TBT. A hold and it will try higher. A failure at today’s low and you’ll see 60.30. Buy with a tight stop against 61.40
Markets, in general, do not typically change direction in a day. The process usually takes a couple of days for the current trend to abate or reaffirm itself. It’s the Mid-Week shuffle, combined with a new month, making this an … Continue reading
Is this the high or isn’t it? Is this the start of sell in May and go away? We won’t know unless we give it a try. Buy the SDS using a 41.90 stop intra-day. Any way you look at … Continue reading
We’re Long the April 1530’s expiring tomorrow. We’re going to turn this into a Put spread by Selling the 1515 April Puts expiring tomorrow @ 310 or better.
We’re Buying the April 1530 Puts, which expire tomorrow, for 380.
The Metals are panic selling central…This is another situational trade.. Good For Today Only!!! Gold…@ 1430 (M) GOLD we are going to Buy a 15% position in 1500 June Calls Expiring 5/28/13 Silver…@ 24.60 (K) SILVER we are Buying a … Continue reading
Oil…needs a close over 95.00 for another leg up. Pattern breakdown starts to occur under 93.50. Look for this to move in 75-80 tick increments. Leave the trailing stop on our remaining longs @ 93.20. AUD/JPY…macro buy stops from 2007 … Continue reading
We’re going to do a situational trade based off the Brent. Brent has another dollar to catch up with the WTI chart pattern. Meaning, we’re going to sell another 25% piece of our Longs @ the MKT when Brent trades … Continue reading
SSO…double long S&P 500 is a cheap look for a Long Equities. The stop is 72 close. This has room to move 6-7 dollars to the upside so the risk/reward is worth the try. The usual suspects IBB,LNG,BKX,NFLX,GOOG, & KKR…all … Continue reading
Sell 25% of your longs out to pay for this trade.