TRENDING
Our E-Mini campaign finally met its maker, effectively stopping us out at about 2.75R with an MFE of 3.25R. So absolutely no complaints here as we had great run, and just like Usain Bolt we did it in style – just a little bit slower. And quite frankly I’m not too broken up about that little stop run yesterday as I’m starting to see a few alerts blinking down here in the lair.
Before you do anything else I encourage you to catch up on my previous post which covers this week’s top and bottom performing stock symbols in the S&P 500. I’m actually considering to add small caps as well to widen our stock universe by a bit, what do you guys think? Anyway, today is a bit of a strange day here in Valencia as the 9th of October is officially a ‘día festivo’ celebrating the arrival of Jaume I ‘El Conquistador’ on this day in 1238 who managed to end several hundred yeas of Muslim rule over the region. However it’s fair to say that the mood here is a bit somber today as the situation in Catalonia is increasingly spinning [...]
Friday is usually my least favorite day to take on new setups, for obvious reasons, but beggars can’t be choosers and I’m glad that things are finally starting to come into sync across the board. Plenty of juicy setups today and I’m confident even Hoss won’t go hungry tonight!
I’m looking for support zones here as I don’t really trust this sell off. I’ll get to the why later but suffice to say that momentum on the way down has been rather pitiful which strongly points toward the scenario I proposed two weeks back: A pre-bear-slaughtering-season-shake-out followed by a Santa Rally pinning equities near positive for the year. After that it’s every man for himself – I expect a huge shake out for 2016.
I mentioned momentum on the way down and this is what I was talking about. The sheer fact that we enjoyed such a smashing swing trading session yesterday is a bit out of character. This is the spot where gravity [...]
The Story Of The Boiled Frog
