Remember, use this weakness to cover the rest of your hedge and purchase good quality stocks and options as the next move to the upside should be a great one!
Friday, September 7, 2007
Ultra Short Term Work Calls For More Decline 09/07/07
The 50% retrace of the ultra short term trend today continues to call for lower prices probably right from the get go Monday Morning.
Remember, use this weakness to cover the rest of your hedge and purchase good quality stocks and options as the next move to the upside should be a great one!
Remember, use this weakness to cover the rest of your hedge and purchase good quality stocks and options as the next move to the upside should be a great one!
Thursday, September 6, 2007
NEW COMMODITY ALLOCATIONS 9/6/2007
See commodity outlook sidebar for latest commodity trades and updates.
Equity Market Comment 09/06/2007
The S&P 500 rallied to the 1480 level and retreated, so it appears that the ultra short term counter rally is complete.
From here the market should complete the retest with downside targets of:
1451
1432
1412
The most logical being 1432 and 1412.
Look back to Tuesdays post for the potential bottoming dates.
From here the market should complete the retest with downside targets of:
1451
1432
1412
The most logical being 1432 and 1412.
Look back to Tuesdays post for the potential bottoming dates.
Wednesday, September 5, 2007
New Commodity Transactions & Aggressive Equity Trades 09/05/2007
Check the sidebar for the selling of the long in cotton and a reverse short.
Check the new equity recommendation.
Check the new equity recommendation.
USEC Corp. - BUY Initial Position
USU is starting to look like it has put in its low.
Begin to purchase the stock or stock options now, with a 1/3 allocation to your full line.
Begin to purchase the stock or stock options now, with a 1/3 allocation to your full line.
Equity Market Comment - 09/05/2007
The first leg down of the decline to test the lows looks to have been put into place.
From here I would expect a rally to the 1480 area on the S&P 500. It may not happen right away, but if the market does rally to this level and then rolls over it will be an indication that the final leg of the re-test is getting under way.
I realize that there are quite a few resistance levels on the chart below, but don't let that confuse you. The main area that deserves attention is the 1480 area.
From here I would expect a rally to the 1480 area on the S&P 500. It may not happen right away, but if the market does rally to this level and then rolls over it will be an indication that the final leg of the re-test is getting under way.
I realize that there are quite a few resistance levels on the chart below, but don't let that confuse you. The main area that deserves attention is the 1480 area.
Tuesday, September 4, 2007
Don't Get Pulled Into This Near Term Strength!
NEW TARGET TIMES FOR CORRECTIVE LOW -
Mon. 9/10/07 10:30 am
Tues 9/11/07 12:00 pm
Weds. 9/12/07 1:00 pm
While I would certainly like to see the times on these days prove to be correct, the nuts and bolts of the work is based on the dates. The actual times are just gravy, so please do not get the impression that I am trying to pinpoint this to the exact second.
Mon. 9/10/07 10:30 am
Tues 9/11/07 12:00 pm
Weds. 9/12/07 1:00 pm
While I would certainly like to see the times on these days prove to be correct, the nuts and bolts of the work is based on the dates. The actual times are just gravy, so please do not get the impression that I am trying to pinpoint this to the exact second.
Monday, September 3, 2007
Equity Comment 09/03/2007
There is alot of information on tonights chart of the DOW, so make sure your print it out for reference.
In a nutshell:
1. Look for the market to correct here and begin to cover your remaining hedged positions.
I do not think the correction will be very deep, but anything is possible. Aggressive traders can look to go short in here. We went short on Friday.
2. The market made an impulse move off the lows, so this decline should be nothing more than a corrective wave and the major intermediate term low should be in place.
3. If the most recent lows are taken out, I will get downright bearish and continue to apply my hedge. However, the data that we are getting from the commercial traders does not point to a time for any type of bear market, not to mention that the camp of here goes 1987 all over again is growing in size. It may have some similarities time and price wise, but the mother of all indicators....THE COMMERCIAL TRADERS NET INDEX is nowhere close to where it was in 1987. In 1987, the big boys were selling strongly in both July and August! Just the opposite holds true today. They have been very strong buyers and they make the big money so it would be silly to bet against their positions.
In a nutshell:
1. Look for the market to correct here and begin to cover your remaining hedged positions.
I do not think the correction will be very deep, but anything is possible. Aggressive traders can look to go short in here. We went short on Friday.
2. The market made an impulse move off the lows, so this decline should be nothing more than a corrective wave and the major intermediate term low should be in place.
3. If the most recent lows are taken out, I will get downright bearish and continue to apply my hedge. However, the data that we are getting from the commercial traders does not point to a time for any type of bear market, not to mention that the camp of here goes 1987 all over again is growing in size. It may have some similarities time and price wise, but the mother of all indicators....THE COMMERCIAL TRADERS NET INDEX is nowhere close to where it was in 1987. In 1987, the big boys were selling strongly in both July and August! Just the opposite holds true today. They have been very strong buyers and they make the big money so it would be silly to bet against their positions.
Friday, August 31, 2007
PIVOT POINT AUTO TRADER
There is going to be a new addition to the blog and it will be a completely automatic trading program based on Pivot Points.
Everything will be completely Black and White and will leave no room for second guessing.
The program will be based on aggressive trading principles, so please utilize only trading resources allocated for this purpose.
If you have any particular stocks that you might like put into the program just drop me a line and I will see what I can do. The candidates for the program must be stocks of an active nature and sell above $5.
Everything will be completely Black and White and will leave no room for second guessing.
The program will be based on aggressive trading principles, so please utilize only trading resources allocated for this purpose.
If you have any particular stocks that you might like put into the program just drop me a line and I will see what I can do. The candidates for the program must be stocks of an active nature and sell above $5.
Thursday, August 30, 2007
Equity Market Comment - 08/30/2007
I continue to look for the market to move lower in the process of a re-test of the lows.
There does remain upside potential to 1484-1486 before the decline gathers steam.
If the S&P 500 gets to these levels, it will be a low risk shorting opportunity.
The Downside target of 1414 to 1412 has come up through numerous calculations so there is some confluence amongst targets.
There does remain upside potential to 1484-1486 before the decline gathers steam.
If the S&P 500 gets to these levels, it will be a low risk shorting opportunity.
The Downside target of 1414 to 1412 has come up through numerous calculations so there is some confluence amongst targets.
New Commodity Recommendations
New Commodity Recommendations Are Listed On The Sidebar Today.
There Are Some Great Opportunities.
There Are Some Great Opportunities.
Wednesday, August 29, 2007
SHORT OCT Crude
Crude Oil is in an area that a low risk short can be put in place.
Keep the stop tight.
Keep the stop tight.
Corus Bankshares - Incredible Value Long Term
CORS is also on the buy list for new purchases once the re-test is complete and the all clear is given.
Take a look at how well run this bank is and the extreme undervalued nature of the stock price.
While the sector has had its share of challenges recently, the stock should give an incredible return over the long term. This is all without even mentioning the almost 7% yield on the dividend.
Take a look at how well run this bank is and the extreme undervalued nature of the stock price.
While the sector has had its share of challenges recently, the stock should give an incredible return over the long term. This is all without even mentioning the almost 7% yield on the dividend.
Subscribe to:
Posts (Atom)
