Took a position short in oil in anticipation for the trend to head back towards the long term trend. Any strong volatility to the up side I will exit my position.
Taking a position on the long side in this pull back. Anticipating good momentum behind this. Any high volatility to the down side I will stem out of the position.
Liking the consolidation around the highs. Looking for this to break out and continue the bullish long term trend with the over all market. If it fails I would expect strong downward thrust.
Entered last week with about 6 long positions all failed. Stops were adjusted for small loses. Still leaning to the bullish side of things. Waiting patiently for a good entry on positions with decent swings following the market. Any break of this range with significant strength I will re-enter new positions, on the long or short side of things.
NYSE:PSA is on the radar for a bear flag entry with a possible trend reversal. Earnings coming so this could interrupt the idea so really gonna wait and see how it plays out after earnings day to enter a trade if at all.
Could potentially see another drop down towards the previous pivot low. That will be my target. Using a tight stop around 97 on this not gonna have it run on me the other direction : )
Exited most of long positions today ( all but one NYSE:BRK.B ). I tightened the stop so if there is any kind of pullback next Monday I will have exited the trade and be flat.
Looking for a nice drop in stocks to enter back long and look for a break threw to new highs hopefully by mid summer.
Exited most of long positions today ( all but one NYSE:BRK.B ). I tightened the stop so if there is any kind of pullback next Monday I will have exited the trade and be flat.
Looking for a nice drop in stocks to enter back long and look for a break threw to new highs hopefully by mid summer.
Good possibility for further weakness. Target is towards the lows. Will be using tightening stops for the trade given the potential of a trend reversal on any sharp downward movement.
AMEX:GLD Oil falling.. Index'es setting up for continued bearish short term trend. Taking this long with a tighter stop than normal, due to the coiling in the market. Its set to go either way. Just want to be partially in for now, so I am using small size.
This extreme has given rise to some mean reversion. Will be looking to re-enter long for a swing 1-2 weeks. Only really convinced on continued break down on the global markets.
