Well here is an update on trades that I have been discussing. The edge I posted last week made 20 Emini points. My swing trades did even better, the ones that are still in play all have stops above break even (1R for that matter). And that NOV/DEC Bean/Corn spread was absolutely spectacular! Depending on your fill, you could make between 3 and 7K on that trade alone by tomorrow’s open (December Corn is down limit right now).
Anyways, one must keep in mind that blind squirrels find nuts, and that includes me… Did I get lucky and buy 1258-1265 3 times? I would say most likely, yes. BUT 99% of what I do is based on DATA, and it WORKS better than trading based on [...]
Looks like another Herculean task by the Greek parliament, done behind closed doors despite widespread opposition, lifted equities across the board today. However, instead of stealing the Mares of Diomedes or the apples of the Hesperides it was the Greek tax payer’s turn today who got robbed blind in bright daylight yet again. But we’re used that by now – another day in the Greek saga and another plundering of public coffers across the Western hemisphere. All that to maintain an illusion of financial EU stability, which in reality has become a clusterfuck of epic proportions that even Zeus himself could not make whole again.
Careful now Hercules, there may be [...]
Counting today the SPX conquered the 1300 mark three times in the past year and I’m sure the longs are thrilled.
Of course that also means that in the past year we have effectively gone nowhere, despite a freefalling Dollar, so if you have simply been holding long you’re not even keeping up with inflation. If ole’ bucky ever gets its legs back things could turn ugly for equities on a dime, which is another supporting argument for my long term outlook presented over the weekend.
Alright, I’m feeling a bit better today after getting about six hours of sleep. Unfortunately I am starting to think that it’s not allergies but that I may [...]
And once again, irrespective of all the MSM doom & gloom equities managed to pop higher on what appears to be pixie dust and magic volume. Of course that’s nothing new and has been an recurring summer tradition since 2009:
My comments are in the video as usual – enjoy! I’m hacking code and are knee deep in some optimization related work, so I’ll be quiet until tomorrow morning.