Wednesday, September 06, 2017

One of the reasons I stopped flying

Unless I absolutely have to. That is ($874) lower than price yesterday - over $1000

Wednesday, May 17, 2017

Short first time in a long time

Looking at the monthly charts of major indexes, as well as "horsemen"/pillar stocks - all of them struggling to get above TD Resistance line and time is tinning out for move higher.
DJ transports was having difficult time for a while now - not a good sign indeed.
Here is SPX chart - you've this one - you've seen them all.

P.S. Just looked at my last post as of 2/17 and glad that was sitting on my hands due to as I said "Is market about to run out of steam?" - it did indeed - was trading in the very narrow range for 3 months.

Will be keeping an eye on possible Crude Oil long - something is going on with that puppy...

Sunday, February 26, 2017

Are equities markets about to run out of steam in the next few weeks?

I am starting to set wide trailing stops on my long stocks positions, also watching possible strong trade in Crude Oil - which direction is too early to tell, but for as long as it is above my magic long term line - it is long.
Otherwise it was quite a boring (trading wise) period after I closed long Natural Gas one month after I called long on Nov 16th 2016 ( net % gain was 25% on position, of course that were contracts, so a tad more indeed) - which I might go long again.