Perspective: Dancing between two huge gaps
two massive gaps on either side of the market here…see the chart of the S&P 500 emini futures…add a few points to get the levels of the S&P 500 itself.
Closed that tiny SPY long position
we just closed (sold) that tiny SPY long position from last Monday into this morning's sally rally. we are however happy to buy'em for a bucket 2 trade again should we have an amazing solid close today
Bucket 2 Trade Idea: SMH
Into year-end it quite honestly is a difficult call in any asset class. Immediate term risk assets are much oversold and the bounce we are seeing today may have further to go. Soon the question will become whether this bounce leads to performance chasing (and hence a rally) in risk assets by fund managers or […]
Morning Thoughts November 28
Please also read the weekly newsletter this morning if you are signed up for it. After last week's boring but one-sided trading action we are looking for well-rested traders to step up and buy the market for a bounce. The number one question remains whether or not we get a year-end squeeze higher. For now […]
German 10 year yields soo to spike much higher? See the chart
Bucket 3 Idea: YUM
with 40% of operating profits from China it's an interesting Bucket 3 idea that we would trade around with shorter term trades with…so, establish a bucket 3 long position on a break above $56 and then for income make smaller/quicker trades around the core position over time. on the chart note the upward moving channel […]
Took 50% profits on WYNN just now
…we will look to add to the position again at higher levels in coming days should we be presented with the opportunity
Morning Thoughts November 23
As discussed today we will only stick around until around noon and stop any trading activity at 11:30 AM ET. Please revert to the previous post on the French bond yields The news keeps getting worse, which on the margin makes us bullish for a trade Poor German Bund auction…yields are up all over Europe…bazooka […]
Bucket 2 Idea: JACK
JACK is an interesting setup to the short side (potentially today's business). A profit target to shoot for will be somewhere between $18 and $19. Will keep you posted, just wanted to give you a heads up…
Steady Trader Market Outlook & Strategies Webinar
Steady Trader Market Outlook & Strategies Webinar Wednesday, November 23, 4:30 PM ET Please register here: http://www.anymeeting.com/PIID=EA57D784804F