Market Puts On a Happy Face
Think of Banana Split and Licorice
Yesterday, I had two songs in my head. Today, I’m tone deaf. Well, maybe that’s a bit of an exaggeration. I do keep thinking about the post FOMC …
***NOTE: VIXY: Since we have only 175 shares in portfolio-canceled sell stop 13.24 and went back to original sell stop at 12.47, giving it more room for now
***NOTE: Lowered 2nd profit target a tad in DBA to 21.44
+++++++++++++++++++++++++++++++++ …
Market Bias: Bullish until the markets close under the 10-day MA and then continue lower. Warning signs would include markets trading under Wednesday's lows - especially IWM. Longs: AEM FB CUBE Shorts: DISH ALXN
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Longs
TWTR
WFM
SODA
AAL
GLD
DDD
TYC
AEM
CAT
GDX
K
NEM
PM
Shorts
DISH
GS
JBLU
ESRX
CELG
ALXN…
I’m Just Waiting on the FED
Ladies and Gentlemen, The Rolling Stones!
I have two songs in my head today. One written by the Rolling Stones- “Waiting for a Friend”- and the other written by Robert Johnson covered by the …
Existing Position: Long ¼ GLD 104.35 ATR: 1.28
Name of Instrument: SPDR Gold Trust
Current Price: 117.94
***Lowered Trailing Stop: 113.47
Reason For Trade: In a Recovery Phase and trying to base, like the wider risk to see if it …
Longs
XLE
IYR
SMH
SFM
DDD
PSX
EL
FSLR
AEM
FAST
PM
TWC
ALL
NOC
Shorts
DISH
THC
NFLX
RCL
GS
CIEN
SCSS
ESRX
LNKD
MCK…
Longs
WFM
PSX
NVDA
FCX
CVS
DDD
DLR
FAST
HOT
MAR
TLT
TWTR
Shorts
DISH
ALXN
NFLX
CIEN
GPRO
GS
RCL…
The NASDAQ 100 All Stars model closed mostly flat, up +0.93% about on par with the benchmark, the QQQ which closed up +080%. The model still leads the QQQ by 2.5% year-to-date. ***Due to travel complications, there may not be …
The Sector models closed up nicely between +0.44% (Aggressive) and +2.09% (Conservative) on the week. The SPY closed up +1.16% on the week. The SPY put in a bowl-shaped week, spiking up on Monday, selling off into the middle of …