Wrapping Up A Solid First Week
We are wrapping up the first week of the year. It's been a solid dance floor to swing on as our Bucket 2 positions in the Industrial sector (FDX, MMM) acted well. Our latest Bucket 2 starters from this week (FXE, SBUX, CROX) are still in the process of packing on the freshman 15 and […]
Updated Close-Up Chart of the S&P 500
Right now we are coming down for a possible re-test of the breakout point from tomorrow;
Portfolio Holdings January 6
82% cash Bucket 2 Symbol Open D Direction Sectors Avg Entry Stop Target 1 FDX 12/16/2011 long Indu 85.1 80 90 MMM 9-Dec long Indu 81.73 77.5 85 SBUX puts 3-Jan long April 45 strike puts Cons Cyc 2.76 CROX 4-Jan long Cons Cyc 15.97 FXE 5-Jan long Currency 127.47 […]
Morning Thoughts January 6
We are now 82% cash as of yesterday. Late in the day we added a little FXE for Bucket 2 to the books as the Euro looks oversold in the immediate term. Please watch the morning video for yesteday's recap and more. Here are a few charts we are watching: The banking index (BKX) is […]
Two Charts On Silver
The longer-term chart on silver: The nearer-term silver chart: The bottom line: A solid move above the 29.50 mark on silver futures or above 29 on the SLV may become a higher probability trade to the long side, from a pure technical point of view.