Remember our discussion about melt ups, tops and ignoring logic? It surely seems like we are in the midst of a melt up, but not necessarily the making of a top until we see some VOLUME!
Not a huge fan …
Longs:
YUM
SHO
OI
DOW
FITB
JPM
THC
SCTY
CCL
AXL
ASML
KBH
MAS
WLP
ONVO
GM
NBL
TIF
FSLR
PLD
UNH
ADSK
JNPR
PAY
CTRP
HALO
Shorts:
RAX
COST
SBUX
LNKD
EL
AOL
DE…
Existing Position: EEM: Short 39.42 ATR .73
Current Price: 39.41
Buy Stop To Cover: 40.61
Name of Instrument: Emerging Market ETF
Reason For Trade: Failed the 80 and 23 month moving averages which are about to cross down. Recent rally …
Existing Position: EEM: Short 39.42 ATR .73
Current Price: 39.41
Buy Stop To Cover: 40.61
Name of Instrument: Emerging Market ETF
Reason For Trade: Failed the 80 and 23 month moving averages which are about to cross down. Recent rally …
Worthy time digestion rather than price correction with choppy conditions and low volume to end the week.
The Dow closed with an inside day (DIA) marginally under the 50 DMA for an unconfirmed weak warning phase.
Homebuilders cleared a 2 …
Market’s Finally Take Some Time to Digest Volatile February Market Action
After an exciting first couple of weeks of February, the markets indulged themselves in a bit of a pause here to digest, and possibly get fuel for another leg …
This Week’s Strategy Lesson: Leveraged ETFs
Leveraged ETF are some of the newest products in a category (ETFs) that are already the new kids on the investment block. In 2006 the first leveraged ETFs were introduced. Similar as to how …
Longs:
XRT
XHB
OIH
XLE
CSIQ
YUM
HSP
DOW
NBL
TIF
AXL
KBH
MAS
WLP
ONVO
YOKU
GM
ASML
VRTX
CTXS
HOT
FL
AEM
TTM
UAL
GOOG
Shorts:
RAX
TCK
COST
CHRW…
****Note: EEM: Lower Buy to Cover Stop to 40.61
****Note: Lowered Sell Stop WFC to 44.79
+++++++++++++++++++++++++++++++++++++++++
Existing Position: EEM: Short 39.42 ATR .73
Current Price: 39.18
Buy Stop To Cover: 40.61
Name of Instrument: Emerging Market ETF
Reason For …
****Note: EEM: Lower Buy to Cover Stop to 40.61
****Note: Lowered Sell Stop WFC to 44.79
+++++++++++++++++++++++++++++++++++++++++
Existing Position: EEM: Short 39.42 ATR .73
Current Price: 39.18
Buy Stop To Cover: 40.61
Name of Instrument: Emerging Market ETF
Reason For …