I am bearish and short on the S&P Futures. After a good short term bull run of 8 sessions and a test of the year highs, markets may be prone to reverse and potentially form a double top. I don`t have much time to elaborate further, as I am on a tight schedule this evening.
I did great on my daytrading efforts on the EURUSD cross. I was able to win on both sides, being long in the early morning and profiting a few pips and than reversing and catching the big afternoon upmove on the US dollar. This has been my "forte" as I am simply "going with the flow" and trying to be on the best move of the session. After all, the golden rule of trading is to let your profits run and cut your losses short.
Tomorrow and Friday I won`t be able to participate on the commenting section as often as usual because I will be out on some business presentations. The discussion was "alive and kicking" today with all members involved in trading and even in a geopolitical debate earlier in the session. This trading community is growing strongly.
I will leave you with my favourite watch, the Tag Heuer Monaco. It will mark the success of this short campaign as I will buy it if this S&P Futures short trade performs in a satisfactory way.
Oil Trader`s Blog is a trading community for active online futures and stock traders. We provide our real time trading decisions and our market analysis on this website.
HMS, Hedge Fund Manager
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LEGAL DISCLAIMER
111 COMMENTS:
what a cheesy watch. Try a platinum Yachmaster instead. Or if you really need the bling then a Corum Coin Watch.
I'm on the boat since the last top.
I'll let you see what I think.
http://guillouj.blogspot.com/
=)
Your watch will never beat my wonderful Breitling...ahaha.
HMS,
I love that watch, shows class. I have a collection of vintage watches, mostly Rolex, Patek Phillipe, Audemars Piguet and Omega.
My favorite is a Rolex Oyster Precision circa 1940's , platinum & gold with an alligator band.
Good luck in your short position, I'm with you.
Gone short here on EUR/USD
1.4993
Stuff the luxury brands.
This is the ultimate in luxury --
http://www.mouse-watches.com/Mickey_Mouse_Watches/mickey_mouse_watch_images/mickey_mouse_watch_face.jpg
EUR/USD showing no signs of correction at all.
Fresbee
EUR/USD seems to follow a similar pattern on a daily basis
Dollar weakness prior and 1st half of European session
and then strength towards US open
Fresbee,
Cheering your trades!
Nah, not if it relies on making money from short S&P.Quoting Livermore is all very well, but little use if you don't understand him. Do you really think Livermore would be shorting every new high?
When something keeps making higher highs and higher lows, there's a clue there, you don't even need to be Livermore to figure that one out.
yeah he wouldn't be shorting this for sure. He'd probably be all in lol
I wonder what is the use of spending time writing critics against others...
Take care of your own issues my little friends... if you are making a lot of money then PLEASE teach us how...
take care
Gustav
Anybody a fan of David Gray?
He has a great song called Life in Slow Motion.
Anyway, its been in my head all week as I watch Research in Motion.
I'm staying in Schaffhausen, Switzerland this week and it is surely a beatiful town.
After taking a tour of the IWC manufacturing buildings, I have to say the watches are starting to grow on me.
Gustav, thanks for the invitation for a beer, but I won't have time to make it down to Zurich this week.
Good trading day to all!
-Zatec
Anybody a fan of David Gray?
He has a great song called Life in Slow Motion.
Anyway, its been in my head all week as I watch Research in Motion.
I'm staying in Schaffhausen, Switzerland this week and it is surely a beatiful town.
After taking a tour of the IWC manufacturing buildings, I have to say the watches are starting to grow on me.
Gustav, thanks for the invitation for a beer, but I won't have time to make it down to Zurich this week.
Good trading day to all!
-Zatec
Anonymous said...
I wonder what is the use of spending time writing critics against others...
Take care of your own issues my little friends... if you are making a lot of money then PLEASE teach us how...
take care
Gustav
November 12, 2009 5:05 AM
TBH when I've made money its always come from exploiting something i'm naturally good at then learning techniques to enhance this. I found trying to learn something that I'm naturally bad at has always resulted in crappy returns.
Birkhall said...
Fresbee
EUR/USD seems to follow a similar pattern on a daily basis
Dollar weakness prior and 1st half of European session
and then strength towards US open
-----------------------
I wish it was that simple....:)
There is defintely an impeding correction but the problem is when ? at 1.5 or 1.52 ?
EUR/USD has already created some kind a double top at 1.504 if these little techincals really matter in a market like this. I hope it corrects so that I can re enter. I had booked in nearly 50% of EUR/USD at 1.5 and since then sitting out except a few small trades ...
Constructive criticism is a very useful teaching aid, it forces you to learn for yourself as long as your ego allows for criticism, and if your ego doesn't, then you have failed the first test and you need to fix that before you will ever succeed.
Trading is about making money, a trader makes money by having an "edge" no trader will teach his edge to the masses for nothing, if he did he would have no edge. The critic as you call it above points to Livermore, the blog author quotes him a lot, I implore him to read it over and over until he understands, it won't teach you everything, no book ever written will. But it will teach you, if you let it, not to continously short a market that is making new highs. Those are low probability trades, people who repeatedly take low probability trades, will lose money over the long term, even though you will win once in a while.
If someone is only comfortable shorting, then wait for the trend to change, there will be plenty of time to short then. That was constructive.
You have a very good trader here in trader teddy, because he is a good trader he won't teach you everything he knows, but if you pay attention to what he posts he will teach you a lot for as long as he stays.
THE ANON HAS SPOKEN
Anyone traded GBP/JPY. It seems to be a sitting ducks for a fast rebound. It is right now at 148.71. I think it should go to 149.5
@Zatec: Its ok Buddy, just let me know once you have some time... will be as usual quite great to have contact with people in the trading business.
@Anon: great thanks for your clarification... its ok I dont have anything about anyone... and yes Teddy is a great trader but that is because his ideas and style fit with my ideas too. I like to buy low and sell high too ;)
Take care everyone
Gustav
1. At what time will wal-mart announce result?
2. If jobs data are poor, will market go bullish just like last friday? If jobs data are good, market will go bullish too??, since there is a recovery.
OK...so wal-mart just announced...how come there is no reaction? results are better than expected
WTF, This blog was just fine without the criticism and ego preaching by anons.
I come here to view market opinions by traders not personal attacks.
If you want to leave an opinion, make sure it is regarding the markets.
BTW am holding EUR/USD and am waiting for under 90 to add more.
We have a stronger dollar this morning, as treasuries are falling, yields rising. Rising yields favor interest differentials towards US > stronger dollar. When initial jobless claims come better than expected, as I expect, watch treasuries and the dollar. Stocks may bounce after the report, but if dollar continues to strengthen, commodities and stocks may fall.
HMS,
It is nice to see the futures printing red this morning. It has become an unusual feeling!
BTW, the monaco looks very nice. I just got a stainless daytona and I love it. Also have a breitling superocean and a submariner.
Nice to see other people who enjoy watches as well.
Happy Trading
--Ryan
ANONS LET US JOIN THE CIRCLE OF LOVE AND ENJOY
Hi,
anyone knows which way crude oil goes? up or down?
John
teddy,
where are you? what's your bias today?
Hey guys,
Intel and AMD settled. AMD up quite a bit.
--Ryan
Fresbee, nice call on GBP/JPY.
Also last nights call of EUR at low 1.49 this morning.
Teddy, Any what's your feeling for today?
Just a crazy guy note , the last 3 market turn ups have been on the 2nd of the month ( fullmoon) , last 3 tops ( new moon ) , next new moon NOV16
Yes when my ass hairs grow abit too long we are usually due for a pullback.
With the yield curve continuing to steepen, it seems quite unlikely we will get very much of a sell off in stocks.
Hey Payline,
I will keep it mind.
:)
I like it!, we need more science in this blog
payline,
sure beats teddys call. I guess you subbed in for him today.
I guess I gotta go into the weekend light then... lol...
Thanks Anon.
I did make some money on GBP/JPY. It did rebound sharply. Will wait for 150.2 ish to short on GBP again.
EUR/USD is the key to all markets. I have gone long at 1.4910 and taken out all the shorts.
Now waiting for the surge.
Any one has view on USD/JPY. Faber is big time long on YEN. That in itself makes me bearish in YEN ... :)
On a serious note I think YEN has all the fundamentals to trade much higher if not intervened.
Follow /DX, the entire market and is correlating to the dollar.
Dollar just pulled back from a major gann price level at /DX at 75.524
Break it, and we will have a major selloff
Freesbee:
"Any one has view on USD/JPY. Faber is big time long on YEN. That in itself makes me bearish in YEN ... :)"
lol yes...i dont know why everyone loves Faber.
Anyone remember he CEO'd an investment company that went bankrupt?
From Wikipedia:
"He was a managing director at Drexel Burnham Lambert Ltd Hong Kong from the beginning of 1978 until the firm's collapse in 1990. In 1990, he set up his own business, Marc Faber Limited. Faber now resides in Chiangmai, Thailand, though he keeps a small office in Hong Kong."
"A lot of people[who?] say that he gets the trend right, but the timing wrong. The prime example was his calling NASDAQ top and advising investors go long commodities, including gold, in 1999.[citation needed] He lost money shorting US stocks since 1999. Now he admits that market timing is very difficult."
*correction it didn't go bankrupt it collapsed.
Whts going on today? We going above 1100??
Whts going on today? We going above 1100??
ajajajaj I wonder if there is a difference for us between collapsed and bankrupt ;)
Gustav
:)
Thats funny about Faber.
He is a real buffoon. I think he should be rather anchoring the CNBC news show or something of that sort rather than give his markets views and manage funds.
He is one of those timeless classics who has got it all wrong all the time.
exactly freesbee!!! he said gold wont fall from 1000. short it and close the position at 999.99. Sure bet
Toltec
Am just being a little brutal on him. I think he is a smart fella...but not cut out for the markets.....some news show talk is more of his cup of tea.
Great week though.
I caught EUR/USD on way up and way down. I love this pair. 300 pips caught in 3 days. :)
I also took a risk on an arbit pair GBP/JPY simply as it was staring out to buy.....made some quick buck on it. caught nearly 75pips.
Then there is curious case of GBP. Its one currency I love to hate. It simple should not exist. I made over 250 pips on it via both USD and EUR.
Lets hope this Dollar strength continues
HMS,
You said on Tuesday that your system did not signal a buy in oil.
Oil selling off this morning. What's your signal saying now? Good call.
I think Faber is just a victim of his own success, when you make a few good calls people think you should be right all the time, even smart people who know that's not possible.
Faber talks a lot, he has to, he has to have something to say everytime the media comes knocking, otherwise they'll stop knocking if you talk a lot, you're gonna say a lot of things, and if it's market forecasting, you're gonna get a fair few wrong. If you're trading those calls, that's what stops are for.
I would be wary of some of his negative calls that are specifically US orientated, as he is not a fan, and that probably allows emotion to taint his view
sam7
Break what to selloff ? I am not sure I follow ?
Dollar just pulled back from a major gann price level at /DX at 75.524
Break it, and we will have a major selloff
good sign for the market that although the dollar has strengthened significantly, the market is still holding fairly steady.
I suspect he means if the Dollar Index breaks above the Gann Line (which it may have already) it will rally hard and the equities market will sell-off
This blog has gone from oil and s&p to currencies...been here since may. my currency input - rising wedge forming in the CAD (long above 96.50, short below 93).
there seems to be a disconnect with gold and the usd...a lot of speculation at these levels. I wouldn't be surprised if we see a sharp decline soon.
cheers,
ds
Gold I think is ready for some correction. The prblem is it has become so disconnected with currencies, it is the single biggest variable which is throwing a doubt in my mind whether we will see a dollar rally soon or will dollar stagnate while gold falls.
If Gold keeps going like this, no problem at all ....we can all have a party...but if it turns..then we have some work to do to understand how will dollar react ....
Faber is very good, he is very clear and specific in what he says, and he has great contrarian ideas. You have not been around long enough if you think anybody who makes very specific calls would not be wrong most of the time about the markets. Perhaps you prefer people who are very vague their in talks and can be interpreted in any way afterwards, like Nostradamus - nothing wrong with that, but I don't.
Also, be more careful about any quotes reported in media or in this blog discussion. Some of the quotes attributed to Faber here are several months old or even made by somebody else like Jim Rogers.
You out the today teddy? Whats your read>
dollar crossed the 75.5 level and the market is up ?!?! payline?
cheers,
ds
Anonymous said...
You have not been around long enough if you think anybody who makes very specific calls would not be wrong most of the time about the markets. Perhaps you prefer people who are very vague their in talks and can be interpreted in any way afterwards, like Nostradamus - nothing wrong with that, but I don't.
---------------------
Chill dude.I normally do not like to reply to anaon but will make an exception as it deserves an answer :)
I know I have not been around very long in the markets but guess what...I got the dollar fall from 80 to 74 spot on while faber was crying hoarse for a rally. He did not call any market top in 2007-08. He did not make any great call in 1999-2000 nor did he make any call to bottom in 2002-03. So ..faber is not just laggard but a serious underpeformer. I have always maintained and share this often with my team:
"In our business, never judge a man by how well he speaks and how strong his logic is, all that matters is how much money he has made for himself and his investors".
That is the bottomline dude...So he may speak nice lil stories but he needs to get few things right ....
He keeps giving this century old ideas like buy gold and buy silver and buy coffee or some such things which eventually will go up. Even my grandma tells me to buy physical gold as its value can not be destroyed.
:)
I suspect Teddy's server is down.
Anonymous Anonymous said...
Faber is very good, he is very clear and specific in what he says, and he has great contrarian ideas. You have not been around long enough if you think anybody who makes very specific calls would not be wrong most of the time about the markets. Perhaps you prefer people who are very vague their in talks and can be interpreted in any way afterwards, like Nostradamus - nothing wrong with that, but I don't.
Also, be more careful about any quotes reported in media or in this blog discussion. Some of the quotes attributed to Faber here are several months old or even made by somebody else like Jim Rogers.
November 12, 2009 10:37 AM
Even tho I put the wiki quotes up I do need to give him abit of a hand in that he is a brilliant man and has got somethings right.
We were probably too harsh on him. He has a huge following for a reason and has made good calls in his newsletters of the past.
"Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. At its height, it was the fifth-largest investment bank in the United States.[1]"
Well at least old Marcy wasn't responsible for its downfall ;)
folks apologies on faber...I think he is smart...I like pulling all these high fliers down a bit. am sure he is good if you guys says so
Give a little time should see 94ish
dollar crossed the 75.5 level and the market is up ?!?! payline?
could this be it? oil storage up and dollar up. market may go down..?
I am a Faber follower and the best lead he ever gave me was when I found his blog site which lead me to the Oil Trader Blog.
Teddy had an S&P support yesterday of 1095. Haven't heard from him today.
marc faber is more of an economist/investor - not a trader.
check out some of the gloom, boom and doom publications - while not entirely written by him - the reports are very insightful and have been right about the economy. (i have one from 2006 which was pretty good/accurate)
i think he's more of a talker and i would take what he says as just information.
cheers,
ds
expert opinion please
Yep, missing some guys here today, hms, teddy and toltec for his short calls.
should be time to short but I am not brave today. Will wait tomorrow after michigan index
Personally I don't see why it matters whether Faber is good or not, unless he's your dad, or you. At the end of the day it's your calls you have to trade.
michigan index will put an end to this rally
I've taken some shorts on and lightened up on some longs.
FWIW
the thing about the yen is its huge trading range. jim rogers owns yen, he said he wont be surprised to see usdjpy at 80! but then he also said he won't be holding yen for long. that translates into the possibility to long and short yen at the same time and still be profitable eventually, which is exactly what i am doing.
Rod C,
Beyond the S&Ps, are you going to join me on shorting some gold?!
:)
Cheers
No apologies needed Fresbee. Anyone man enough to post his positions has a right to criticize other market players.
By the way, not only will the UK be absorbed into the EU. i think this is pound bullish.
the aristocracy has a way about these things. bomb your enemies and lavish your allies.
this means favorable pound/euro conversion rate.
hey HMS short is finally in the money! EPZ9 is 1088!!
Hi Brendan:
In a word...no but I bought HL at 4.01 and sold HL at 5.51. I bought BMY at 22.42 and sold at 23.31. I just bought some FAZ 19.31, SCO 13.50 and BGZ 18.87 for some shorts.
I'm just not brave enough to short gold, not now anyway. But, I don't disagree with you for doing it.
BTW...do you see the new junior gold etf =s GDXJ. This should be a great way to play the juniors. I see they are trading almost 3 mm shares today so far.
Guys I think why the selloff is happening... the End of the world is about to come:
http://www.marketwatch.com/story/playboy-reportedly-in-talks-to-sell-company-2009-11-12?tool=1&dist=bigcharts
Take Care
Gustav
p.s: for those who take things seriously it is a joke ;)
Following the levels which Teddy use to give us... if prices hold these last lows At around 88 (which was bias number a couple of sessions ago) then we should go back up.... and in this same view teddy would say this might be a range day because of not breaking the upper and lower levels. which around 98 and 89.
I hope Teddy corrects me If I am wrong once he is around here ;)
Gustav
Brendan and any others interested in the junior miners etf:
Top 5 Holdings
Companies in the index are weighted according to their free-float market capitalisation. To be eligible for inclusion in the Market Vectors Junior Gold Miners Indices, companies must generate or have the potential to generate at least 50% of their revenues from gold and/or silver mining. Each eligible stock must have a full market capitalisation of at least $150 million; a three-month average daily trading volume of at least $1 million and their stock must have traded at least 250,000 shares per month over the last six months.
Sorry the top five holdings didn't transfer: they are CDE, SSRI, NGD HL, and Gammon (I'm not familiar with Gammon but own the others.
Rod C,
Well done on earlier trade.
I will investigate GDXJ.
Much of course depends on the USD and after this solid rally in the greenback its very difficult to commit to a short in gold. I agree.
Paul ..u r the first guy I have met who actually think UK will be absorbed into EU. That is my exact point and my thesis. Not even one soul believe that is possible. The british would rather go down than let their national pride be hurt. :)
But than it was Nathan Rothschild who said "Give me the power to print money and I do not care who makes the laws". The point being the british economy will be on its knees at some point next year when they realise that 15% debt to GDP level is not something that even super efficient americans can pay.
But how will it be pound bullish? I think EUR/GBP has to have super rally for that to happen. maybe 1000 pips realistically.
btw Geithner says they need to borrow far lesser than expected. What a joke .....they keep coming out with these innovative statements. 1.5 trillion new printed/borrowed. and he says its far lesser than he expected. :)
good he spoke...its given us a good entry point into eur/usd.
just got back from the supermarket... my system closed my on average 1.5015 short position in eurusd. It was finally a good day again.... waiting for the next spike... or maybe a huge usd rally to buy...
Toltec
The british would rather go down than let their national pride be hurt. :)
Thats what my Dad always said my (Irish) Dad , he was there when the v bombs came in , said they put the fire out , cleaned up the mess and gave the V for victory sign
I like cucumbers
they are really big and long
didnt get any...
:)
Toltec
This would not be Europe's first attempt at capturing Britain. If you remember, they tried in the early 90s to have one currency, the European Exchange Rate Mechanism. this failed miserably and made Soros a legend for breaking the bank of England. I maintain he did this with the help of the CIA. but that is neither here nor there.
They then tried to get Britain to join the Euro currency block. again failed.
But this time, Britain has no where to run. the point is, Europe wants this, they are gunning for it, and i think they will get it.
Between now and then, i don't know how the pound will act. But rest assured when the pound is decommissioned and Britain adopts the euro, it will be at a most favorable rate.
1088 seems like the next point, we'll see how the market handles it.
Gold froth clearing.
Hope it gets to 1050 levels. We can load in then.
EUR/USD another long position taken at 1.487 after taking one at 1.4910.
Lets see how long geinthner effect stays. Maybe until trichet starts his speech and talks about inflation risks...that should be enough to fire eur/usd.
yep Soros story is legendary.
But it would quite an event as and when it happens. I have been following EU for quite some time. It is incredible how it survives and that too without a leadership (at least not visible). As opposed to most of the world, I do not think US really has much to do in world politics. It is EU (erstwhile Roman Empire) which is where the real power control lies. Infact there are credible evidence how the recession of 2008 was not incidental but a very carefully engineered one for a specific purpose and that was for the world government from EU. EU ultimately will not just have UK reporting to it but also US and Asian economies. Wait for some of these events to unfold. 2008 recession was only part of it. Try finding out who put in the order for withdrawing 500 billions from US money markets in 2 hours? Try researching who were short sellers who got Lehman down. The trail of names are quite stunning....
Obviously UK and royalty has been trying to get away from the tango for obvious reasons as there will be massive difficult adjustments to be made if you need an entry into EU. But time has run out on UK and I do not think it BoE will have much leverage for negotiating the pound/euro swap which is why I believe eur/gbo should rally.
Btw next huge event is the EU presidency on Nov 19. It is one of the important events of the decade. The worlds most powerful man is going to be chosen and yet no one knows his name. Tony blair tried everything didnt he? Sad he forgot he was british :)
Back to trading ....its tough one to call whether EUR/USD has bottomed for the week?
This day could not be more boring, doesn't look like too much else is going to happen besides some slight downward pressure. Later...
Hi Fresbee,
I've heard so many different theories of how this crisis was engineered. It feels like it's engineered too but each story have a different villain. Here are some versions:
1) China engineered it to weaken US influence
2) US themselves engineered it so China would be like Japan
and now your version.. the EU version
Fresbee really gets it!
anyways, i have to go.
With all these conspiracy theories today, this blog feels like Zero Hedge.com
Cheers
Hey its not any EU version. Its just version where we are moving to one world government. Surely you would heard this many times about how we need a one world government to clear the mess.
That government has to be based out of EU. Cannot be China, Japan or India. China India cannot even feed its own. UK is not even in teh picture. US is well on its way to self destruction or rather external inflicted ones. An esp with Obama out there ...no chance.
Whose left? EU. Now Nov 19 will be an imp day as they choose their president. Lot of policies will be towards resolving Israel - Palestine problems which should take center stage somewhere next year.
If you need further evidence...you should understand how FED was created. Who is on the board. Whose interests does it represent. The Roman empire families in 18th century created it and till date control it. Wy do you think Bernanke is so hell bent for depreciating the dollar....If one has studied economies...A stronger currency works best for a country. Yet Ben keeps floating his proposganda about how GDP will increase if dollar falls.
The time now has reached for these folks to get their man to lead the world govt and also get its currency to world stage. Currently EURO is still 40% of reserves. Only 2 events are needed to complete transtion. Oil in EURO and china agreeing to swap dollar assets for euro assets albeit at a far lower value.
So folks we are half way there with US more or less under control and UK as it is a whimper....EU is ready to unveil its president. ....
Not a conspiracy when it is happening in front of your eyes.....
Nov 19 is the day..:)
LOL, I dunno, but when a bunch of halfwits get together and slice and dice mortgages to mix a cocktail of dodgy cr@p together, and then get another bunch of halfwits to triple A rate it, and sell it out to a bunch of greedy halfwits, who are all leveraged up to the eyeballs, then I think you have a cigarette butt smoldering in a firework factory, maybe it needs a shadowy figure to roll it closer to the fireworks, or maybe it's just inevitable its gonna blow up. I suppose conspiracy theories take the edge off the stupidity of those involved, since some shadowy figure can be blamed.
and another halfwit to stand outside the firefactory and wait for the explosion rather than understand how to benefit from it.....so am trying to understand who could be greater halfwit ...
:)
Rod C,
How long are you shorting? What would make you sell FAZ and BGZ? And if you do are you buying BGU?
Thanks.
Bold Predictions Fresbee!
It's easy enough to understand, for those who are open to understanding, most of it is laid out in Revelations, the rise of Europe, the re-emergence of the Holy Roman Empire, as a ruling power, soon to relocate her throne to Jerusalem, but where that leads brings little benefit, just an inevitable endgame. As it was written so shall it be ;)
HMS will be glad when he comes back to his desk! :)
I know I am!
Cheers Rod R
There seems to be capitualation in FSLR if anyone is interested
British PM sold 50% of UK's gold holdings when he was chancellor at USD$250 an ounce.
Gold holdings as % of total forex reserves average for all countries is 10.3%. India is 6.2%;Japan is 2.3%;China is 1.9% and Malaysia 1.2%. Compare this to Portugal at 91% and US at 77%. as example.
Gold is headed north, big big time
Hi Toni:
Thanks for asking. Just to explain, I am mostly long in my portfolio and use the shorts to hedge. I get tired of seeing a nice move up decimated by a down move and I'm heavy natural resource type stuff. Everything has been related to the dollar, I don't think they will let the dollar free fall so I see some correction here. To answer your question, I should probably take some profit now but may wait until about 1060 on S&P....keeping my eye on the dollar and will look to buy more PM's if they hit around the 50 dma.
As you can tell, I'm not a tech so would appreciate any others opinion.
Good trading to you and all
Just to add a point. I think the markets will be affected by news...neutral to negative causing a correction Vs the all bullish momentum we've been seeing.
Rod C.,
thanks for the response. I think that's a good way to play it. I've been wanting to buy BGZ and BGU but have not yet done it.
well, well, well
Nice surprise
I am just arrivng at my desk...
:))
Congrats HMS:)
Toni: I like BGU/BGZ because it gives some juice but is not so volatile as an individual stock can be.
Good luck trading.
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