Russell 2000
Russell 2000 Makes 2 Year High It was the last of the major indices to make a new 2 year highs the past few trading days. . .today it did. And with this the market again proves just about everyone wrong as many called for the mid and large cap and technology stocks' lagging […]
Morning Thoughts Dec 6
A choppy session yesterday looks to continue today. We remain in an environment where anything but quick intraday scalping doesn't work…so we choose to remain in cash by 90-95% and wait for better setups. Politicians remain holding the wild cards and the tape will continue to react to each new development on that front. The […]
Bucket 3 Trade Idea: FRO
The company operates a fleet of large container ships The stock slumped big this year as prices for container transport dropped and the firm subsequently ran into a cash crunch Yesterday and this morning the stock made gigantic leaps due to a restructuring announcement that essentially takes a bankrupcy in the medium term off the […]
Another Indicator For Weak Growth:
Referring back to the previous post on FRO, note that `forward freight agreements, traded by brokers and used to bet on future transport costs, are anticipating unprofitable charter rates for at least two more years.` Translated that simply means lower global demand for goods and hence services… Take that and combine it with all the […]
When will the next tradable move come?
much of the next move in equities and risk assets in general depends on the outcome on thursday with the ECB rate decision and the announcement on Friday by Merkel and Sarkozy until then this tape will likely chop around and give false signals all over the place…stay out of it please a chart worth […]
closed entire bucket 2 long in MS
as per the email alert sent out on Friday, we closed the entire position in MS ahead of the weekend…the risk just seems a little too high for our portfolios.
Quick end of day thoughts
We took some gains from the rally by selling our entire MS bucket 2 position to the ducks for good profits and did the same with our IWM bucket 2 long position, but only half of it. Tomorrow's non-farm payrolls number looms large and we want to remain nimble going into it. we expect the […]
Morning Thoughts Oct 6
After Tuesday’s massive intraday upside reversal traders yesterday were encouraged enough to step in with some follow-through buying. That has brought a number of the major U.S. and European equity indices into initial resistance areas in the near-term. On the S&P 500 hourly chart in specific we note that the 4% rally since Monday’s close […]
CSCO Bucket 3 Long Update
yesterday we added to our existing Bucket 3 long position in CSCO. The stock has been a long-time underperformer and after lagging all year on Monday did not make a new low for the year like the broader market did. the stock held support at the blue downtrend line and $15 support area. It looks […]
Divergence in EUR/USD and Oscillators
interesting to note here…see the lower low in the EUR/USD posted earlier this week but how both stochastica and RSI did not make a new low? it's called divergence and it's a key thing to look for at bottoms.