The QQQ’s put in a very strong week, closing positive on four of the five days, including a large gap up on Friday thanks to a few great earnings reports from the likes of Amazon. The index also put in …
As most experts will tell you, a family that plays together stays together. Our Economic Modern Family that has been basically playing together, when we switch the word “playing” to “trading”, can connect the dots, which in turn helps clarify …
***GLD: Stopped out at 113.04
NOTE: Lower stop in KRE back to 39.77
++++++++++++++++++++++++++
New Position: Long DIA: 180.04 ATR: 1.83
Name of Instrument: SPDR DJ Industrial Average ETF
Current Price: 180. 54
Sell Stop: 178.37
Reason For Trade: The …
Longs:
RAI
PNRA
KSS
JPM
EMC
CMC
PM
BKD
SINA
TEX
THC
YUM
CIEN
Shorts:
DISH
UA…
****NOTE: KRE: Lower a bit the stop to 40.47 for our 1/2 position with 2 min time confirm
***DIA: Raise stop again to 178.37 with 2 min time confirms
++++++++++++++++++++++++++
New Position: Long DIA: 180.04 ATR: 1.83
Name of Instrument: …
Thursday, we enjoyed cruising at 18,000 plus in the Dow. And even though the flight attendants told us that the Captain turned off the seatbelt sign, notice they also added, when seated, we suggest you leave your seatbelt fastened, in …
…
Market Bias: Bullish but expect choppy price action so use both OR reversal and breakout trades
Longs:
- KSS
- JPM
- SINA
- GE
- GS
- SLB
Shorts:
{no shorts today}
…
Rarely do I focus on the actual price of the Dow, but I have had so much fun lately with the reference to the Simpsons’ episode “Terror at 5 ½ Feet” and Terror at 18,000 in the Dow, I decided …
Longs:
RAI
PNRA
KSS
JPM
BKD
SINA
EMC
CMC
XLE
ADSK
VZ
GE
SLB
BAX
DDD
Shorts:
UA
DISH
RCL…