Wednesday, January 30, 2008
Alert: IAU GLD
Move stops up on GLD Sell 50 shares GLD @ 90.25 Stop market Sell 50 shares GLD @ 89 .25 stop market
Alert: GDX
The FED cut 50 points which did nothing for the economy but pushed the metals even higher. We are going to buy into this overbought rally. T...
Trade Alert: IAU GLD
Gold has had a nice run and become short term overbought on a technical basis, but the fundamentals of lower interest rates delayed the impe...
Tuesday, January 29, 2008
Why Debt? Because FED.
The distraction du jour is a debate on ‘Monetary Policy’. Specifically what should the FED do in regard to interest rates? The one dominant...
Monday, January 28, 2008
Trade Alert:GLD IAU
Gold is really running. The eight day EMA for GLD is about 89.50 in the daily chart (Link 1). In the 15 minute time frame the eight day EMA ...
Trade Alert:GLD IAU
You can see by the chart of the IAU that gold is extremely overgought with the stochastic over 70 and rising while the MACD is signaling a d...
Sunday, January 27, 2008
Friday, January 25, 2008
Trade Update: SPY IAU
We are out of the SPY IVV trade. The IVV gaped up this morning and fell back under the 8 day EMA at 136.23 Link. This was the long side of t...
Trade Update: IAU GLD
Putting in stops Sell 100 shares GLD @ 89.25 stop market Buy 100 shares IAU @ 91.50 stop market
Trade Alert:GLD IAU
Gold has been kept alive by the 3/4 point rate cut making it even more over bought. We are long GLD which hit 90.35 on January 3 fell back, ...
Thursday, January 24, 2008
Trade Update: IVV SPY
It looks as though real buying finally came into the market yesterday. For a while I didn't think it was going to happen. You can see in...
Wednesday, January 23, 2008
Trade Update:OIL
We are out of OIL @ 51.13 which is just pennies over the eight day ema. Will take a1/2 position in USO over 70.
Trade Update: OIL IVV IAU
For the open positions IVV and OIL the stop will be the eight day EMA in the 15 minute time period
Tuesday, January 22, 2008
Trade Update: IVV SPY
As you can see in the 15 minute chart (Link 1) the market gaped down on the open and crashed to 126.00 before recovering and filling the gap...
Monday, January 21, 2008
Plunger Alert
I have been reluctant to heavily short this market without evidence of a failure of the Plunger protection team (PPT) to hold it. I said in ...
Friday, January 18, 2008
Alert: OIL
OIL gaped past our stop so it never got hit, We are still in OIL, get out. Buy to cover 50 shares OIL @ 52.66
Alert : OEF SPY IVV
Going to add to the S&P short side. The OEF has broken support around 64 and now rest underneath at 62. Instead of adding to the SPY sho...
Alert: IVV SPY
Ok we will place a stop on the spydrs Buy to cover 50 shares SPY @ 135.15 stop market Buy to cover 50 shares SPY @ 135.95 stop market
Trade Update: IVV SPY
Well, we got the market manipulation anticipated in the immediately preceding post. SO, now I expect to look for an exit strategy from the s...
Trade Update: IAU GLD
Gold and silver along with the mining stocks are way overbought and finally beginning to correct. But market manipulation being what it is t...
Thursday, January 17, 2008
Alert :GLD GDX
FED speak latter today makes things unpredictable. Cover GLD and GDX. May go long both. Buy to cover 50 shares GLD @ 87.53 Buy to cover 25 s...
Trade Update: GLD GDX
Gold sold off yesterday and our GLD and GDX shorts were up big, will they hold? There is no way to know for sure. The selling volume yesterd...
Wednesday, January 16, 2008
Alert: GDX GLD
Add a1/4 to our GDX short position and open a 1/4 short position on GLD sell short 25 shares GDX @ 50.05 stop @ 50.90 sell short 25 shares G...
Tuesday, January 15, 2008
Alert: GDX
The metals are finally beginning to break down, we will take a 1/4 short position in GDX. Sell short 25 shares GDX @ 51.46 stop @ 52.61
Market Watch
The SRS gaped way up today so we will have to wait for an entry, do not chase it here. OIL is still in the well defined down trend alluded t...
The Death of Ponzi
In the December 9 issue of the San Francisco Chronicle (link 2) there is a great article by Sean Olender. It pointed out that none of the a...
Monday, January 14, 2008
Trade Alert: OIL
The OIL is maintaining the down trend established in the daily chart from 58.33 (Link). As long as it trades beneath the 8 day EMA we remain...
Trade Alert: SRS
Who besides the Wall Street media believes the housing market is near a bottom? Well then put your money where your mouth is and short the S...
Trade Update: IVV SPY
We are long the IVV from 140.38 and short the SPY from 139.15. We entered long the IVV at 140.38 on Thursday which is exactly where it close...
Friday, January 11, 2008
Trade Alert: CFC
Place a buy stop on Country Wide Financial for the full position. Buy to cover 125 shares CFC @ 6.87 Stopmarket.
Thursday, January 10, 2008
Trade Alert:GS BSC
The Plunger Protection Team huddled publicly in the oval office Tuesday, then rate cut rumors followed by a turn around yesterday in the sto...
Wednesday, January 9, 2008
Plunger Alert: SPY IVV
Well we shorted a full position of SPY today at 139.15. Around 3:30 I noticed the market running up into the close with a yawn, it was just ...
Trade Update:GDX
We could have an island reversal taking place on the GDX. If GDX gaps down under 50 that's what it will be. if not we will get out of th...
Trade Alert: OIL USO
Look at the weekly chart of OIL in link 1. As has been mentioned the last two price bars of November indicated a reversal was in store. Whil...
Market Update: S&P500 (SPX)
Following yesterdays post the bounce failed to materialize. The SPX did briefly break 1425 to 1430.28 before failing and falling to 1390.19 ...
Tuesday, January 8, 2008
Trade Alert:GS
It looks like they are going to try to take it up this morning. I will be looking to enter Goldman Sachs for the bounce. If it gaps don'...
Market Update: S&P500 (SPX)
When the SPX broke the 1440 support level there really was no other stopping place until the 1410 level where it closed yesterday (Link 1). ...
Monday, January 7, 2008
Trade Update:OIL
We are now short 100 shares of oil after covering the 100 shares sold @ 56.97 for 55.37. That's a 1.60 point profit or 56.97/55.37 = 1.0...
Trade Alert GDX
Take a 1/2 short position on GDX Sell short 50 shares GDX @ 49.30 buy stop 25 shares @ 50.30 buy stop 25 shares @ 51.30
Friday, January 4, 2008
Alert OIL
We are going to add to the OIL short Sell short 100 shares OIL @ 56.97 with a buy stop @ 57.8 We are now short 150 shares.
Thursday, January 3, 2008
Forced Margin Calls and Chicken Littles
Do you remember when the CNBC crowd was telling us everything is rosy, Cramer was singing you buy high and sell higher, while Mozillo was pu...
Trade Alert:OIL GDX SLV GLD IAU
It looks like oil gold and silver are getting ready to pull back. The SLV and GDX are particularly top heavy. They have been running the met...
Wednesday, January 2, 2008
Alert USO
The USO is wedged between the horizontal line at 77.59 which is the 52 week high and the up trend line which began in December at the most r...
Trade Update: USO OIL
There is some news out today that is pushing the price of oil over $100.00 per barrel. The world is finally realizing that cheap oil is no l...
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