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

Cramer vs Cramer

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


cover 200 shares SPY @ 132.11

Alert: OIL

Short a 1/2 position OIL Sell short 50 shares OIL @ 51.17 Stop @ 51.90

Alert : SPY IVV

Sell 200 shares SPY @ 12881

Alert: IVV SPY

Cover the full SPY short position Buy to cover 100 shares SPY @ 130.61

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


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 IAU

Buy 100 shares GLD @ 86.53 Sell short 100 shares IAU @ 86.89

Trade Alert: OIL

Move the stop down Buy to cover 50 shares OIL @ 52.58

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...

Alert : CFC

Buy to cover 125 shares CFC @ 6.44

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

Alert : IVV

Take the full position in IVV now Buy 100 shares IVV @ 140.38

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 Alert: SPY

Short a full position of spy Sell short 100 shares SPY @ 139.15

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

Alert OIL

Buy to cover 100 shares OIL @ 55.37 Remain short 50 shares

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...


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...