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...
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