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 […]

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…

Please remember this chart of French 10 year yields

equities are near-term oversold news headlines are aweful …and french 10 year bond yields are at an important trend line all of which leads me to think we need a little relief bounce here before resuming the said direction timeframe you ask?  it all depends on the politicians, which is why i am keeping my […]

Large gap above very much unfilled…

The large gap on the S&P 500 futures (same on the S&P 500 itself) from yesterday looms above.  It's hard to imagine the entire thing fills today but watch it as a reference level please.

Closing down for the week…Wednesday as of Noon

folks, tomorrow (wednesday) we will shut down operations for the week around noon….we may send out a quick note on friday but other than that it's just too risky to do anything on the trading front wednesday afternoon and friday morning …with exception of a possible bucket 1 gap trade Friday morning equities close at […]

Morning Thoughts Nov 22

Because it's all about French bond yields this morning here's a chart of the French 10 year bond yield.  You can see the trendline in place…so after some further consolidation here it might be possible for yields to break higher (prices lower).  That would likely come with a deepening of the crisis in Europe. Here's […]

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