Dow futures are 400 points off their lows. The low was 11,088. Buy area was 11,200-180… I hope you bought there.If you did, take profits on 1/2. Reward yourself. Make sure that your winning long NEVER turns into a loss....
Read MoreThe low overnight was 11,221. This is within 50 ticks of a perfect 50% retracement of the move. What move? The move that started LAST July 4th weekend, July 2010, where we posted a low at 9506. We rallied to a 3 year high just 2...
Read MoreMy stops saved me today. I bought earlier and was stopped out. I had been short from 12,200 though, so its still a decent trade.11,235 is my buy target. I have resting orders there. That is all.I think we could melt down to...
Read MoreWe reached our first buy target. 10625 in Dow Cash. This is the first level I want to buy.I had been short, if you check my postings, when the Dow was trading at 12,200. I am getting long against the March 17th low at 11,451. We...
Read MoreChina downgrades US debt? We are looking at an average guess of 9.2 for unemployment tomorrow. Currency wars are on, as Japan sells yen against the US dollar.Vladimir Putin, the Soviet Union’s Godfather, calls the USA...
Read MoreIts only a 1,000 point break lower in 9 trading days. How bad could it be? Dow jones cash was trading at 12,751. Today’s low was 11,700. HMMM. There are two trades here potentially. 1) sell the 50 % pull back if we rally...
Read MoreDow Cash Support at 11,625, 11,240 and then 10850.Each of these cash levels should be bought on an initial break.11,240 is, in my opinion, a good short term downside target. That would require a sell off of another 600 points...
Read MoreDow Futures has a trend line starting in the March 2009 low, hitting the July 2010 low at 9506 and then this week’s low at 11.941. Support below comes in at 11,600, 11,200 and then 10,800.The Grains look tired and...
Read MoreEarly on last night the dow futures were up close to 200.. high tick at 12,280… we are currently 120 off those highs.I’d be inclined to sell 12,200 here. If Friday’s low at 12,029 fails then we could see...
Read MoreBond’s go to a 7 month high picking up 2 handles plus, US Dollar makes a huge outside day down, suggesting continued sell pressure being loaded up for next week,US bonds rally. Ironically, the item being considered for...
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