Overall was a profitable day with closed trades, but could have done better with a wider stop in metals and miners. I started with a wider stop and miners fell and we bought into it with JNUG and [...]
Took the profit on the shorts early today and with that move down, tried a few more trades short that got no follow through and end of day went flat. Played gold miners well and ended up going [...]
After hours TVIX is moving up a little and up to 16.48 bid now with /ES at 2977.25. Like to see 2955/2960 as next target on the downside hit. From there we should follow the nightly report table. [...]
Was basically a flat day on Friday but we did have 3 long the market ETFs go to sells, giving bears some hope. We stayed short but lightened up the risk as this market is just so darn resilient [...]
Today we finally got to the coveted 3000 in /ES. Perhaps it would have been best to wait for that mark to short, but I jumped the gun a little early. While we are up on SOXS, we are temporarily [...]
They broke the 13 handle on the VIX. Quite crazy. /ES only up 3 measly points when it did. Something isn’t quite right there. Understatement of the day. Normally when they push the VIX down [...]
We held short gold ETFs and long oil over the weekend and sold them this morning as they had some good one day returns. Also sold TVIX for a loss as it got no traction on a sell the news move, [...]
Futures moving up after hours on Friday and TVIX getting slammed. A few bullish changes in Friday’s data confirm the bullish slant heading into G20. Will have more to say Sunday night.
While we are mired in this range bound market, there are a few things to consider heading into G20. We have to go into G20 flat. I have mixed signals and our data says neutral in the nightly [...]
A quiet day but market did move to red by end of day. That fits with the nightly report below. But we did have SOXL go to a buy. GUSH also did well today. TQQQ was positive but we scalped some [...]