Three Charts For Today
Here are our three charts for today: GRMN, the stock is up more than 30% since October and relatively speaking has gone vertital since December. FSLR is slowly coming out of its downtrend dating back to Summer 2011 The chart of the BKX bank index….huge level near 42.50, which we are currently trading above a […]
Profit Taking In Bucket 2
Just took 1/3 profits in the Bucket 2 long position in CROX. 9.50% rally on the day, gotta take some off here.
Bucket 2: More Profit Taking
Just took another 1/3 profits in CROX. Only 1/3 of the original position remaining, which we will keep for now.
Close-Up Look at the S&P 500
Here is an updated version of the close-up look of the S&P 500 futures we so often take a look at. There is a clear trend of those downward sloping trendlines, which we then follow to break through to the upside of. We are currently above the latest one, the question is will we remain […]
SPY vs GLD Correlation
Ever since the first government-sponsored rescue package was thrown at the market in 2009, correlation among asset classes (stocks, commodities, currencies, fixed income) has increased. The terms ‘risk-on’ and ‘risk-off’ were coined to describe markets’ appetite for risk in general. As such, investors have not distinguished much between asset classes, for when risk was on […]
Morning Thoughts August 10
Just a couple of quick thoughts this morning; China trade data overnight doesn’t show a great macro picture. This will matter again in time…its simply a question of when In the meantime stocks have thus far enjoyed an incredibly boring week with a tight trading range. This will ultimately resolve in either a sharp move […]
Are small cap stocks trying to tell us something?
Most of my trading activities focus around trading the S&P 500 via various execution vehicles and in different time frames. One of my indicators for clues as to the next move in the S&P 500 comes from closely following the Russell 2000. Two things I pay especially careful attention to are; 1) relative out or […]
Morning Thoughts January 10
A dull day yesterday – Volumes weak – barely cracked 6bn shares – down 2% vs. 5day ave – Turnover of $186b lowest. SPX holding above that 200dma steadily (we hit 1,275 and saw a good technical bounce) – outside of that, simply boring. Only meaningful headline in the afternoon was the Nov consumer credit […]
New Daily Segment: Three Charts For The Day
As of today we will start three charts for the day where we see interesting setups or see them interesting as a macro, micro, or techincal tell. The three charts will be available for all to see but we will describe a trade setup in one of them and that is for subscribes only. Shanghai […]
Portfolio Holdings January 10
86% Cash Bucket 2 Symbol Open D Direction Sectors Avg Entry Stop Target 1 FDX 12/16/2011 long Indu 85.1 80 90 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 GMCR 6-Jan short Cons Staples 43.23 […]