GDX Update
Here’s the current (Monday ..90 minutes in) TrendX view of GDX. While we were tempted to cover our short position on Friday we stuck with it after much hand wringing and our faith was rewarded this morning. Notice the...
Read MoreAuthor: Jeff Pietsch
ETF Rewind: A Modicum of Stability? | Week 49 | 12.09.11
The market, as represented by the S&P 500 (SPY), managed a follow-on gain of +1.0% for the week. While European news flow will likely continue to predominate and it seems stability could be reneged at the drop of a hat,...
Read MorePortfolio Trader ~ Week 50 / 2011
Last week the portfolio saw a decrease in equity (-1.23%). For the coming week no change in positions. However capital will be moved from GLD into ERTS. Next weeks portfolio profile: Gold 17% Treasuries 17% Stocks 66% Cash 0%...
Read MoreSanta Ben on Deck Again
Thursday’s lowed expectation provided a good opportunity to buy post the European summit meeting. The gain was quite large but volume declined. We continue to setup for another attack on the 200-day simple moving average...
Read More12.09.11 – Back to the Five-DMA
Internals remain strong at the mid-day, and the VIX is literally crashing going into the...
Read MoreNews Driven and Flexiblity
After some stubborn upside consolidation we finally had a decent pullback. The very early morning action foreshadowed the drop as a break out above the SPY 127.20 area on Jobless Claim and ECB rate cut was rejected. While we...
Read More12.08.11 – Taking a Rest
If mid-SPY $124 support breaks, that could imply a 50-dma retest another buck...
Read MoreClose to Close or Open to Open?
Much of my trading and system research is based on entering the trade at the close and exiting at the next day’s close. There’s one practical problem with this – Trading from the UK this means checking/ acting...
Read MoreEgg Nog Flowing
The bears gave it try, but positive seasonality, rumors about more IMF injection and potential ECB rate cut tomorrow overwhelmed any selling. The bulls are pushing again as they anticipate some good news coming out of Europe...
Read More12.07.11 – Pivot to S2 & Back Again
Internals are working towards a more positive disposition, but really up volume is just now matching down for the day with the SPY just having tagged its daily floor trader pivot at the...
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