about 1 year ago - No comments
Copper prices seem to be hitting new lows while the equities are still hanging in there. I’m shorting PCU at $12.44. It appears to be up towards resistance at the upper range of it’s down trend. You can keep a stop just above the 50 day moving average.
about 1 year ago - 1 comment
While I do like natural gas as a long I think the equities could be overbought. Take a look at XTO. This thing is bumping up on the upper band of a downtrending channel and has already failed to rally while the market was up today. Furthermore, the stock is getting up into the range More >
about 1 year ago - No comments
If anyone took my advice on the FXB short I mentioned awhile ago now would be the time to take profits on that move. I recommended shorting on strength up to the 50 day moving average and that seemed to play out quite well for us. You could have executed the same trade with the More >
about 2 years ago - No comments
I would take profits here on the CSCO short I recommended in an earlier post. We’ve caught about $3 of downside which is not bad for a few weeks work. In this market you’ve got to take what the market gives you. If you’re greedy you’ll get raped.
about 2 years ago - No comments
The Fast Money crew tonight recommended a short of the british pound via the FXB ETF. While I agree on the fundamental reasons for this I can’t get on board right now until the technicals line up with a more favorable risk/reward setup. The FXB has been in freefall. If you want to short this More >
about 2 years ago - 2 comments
CSCO could be a good short here. There were a lot of buyers at 25 who want their money back and the stock is definitely looking extended at this point. I think you could short it here for a point or two with a stop at 26 or so. Once the overbought condition is cleared More >