Stocks have front run speeches by Yellen and Draghi scheduled this morning in Jackson Hole. Market is expecting super dovish Yellen. If Yellen is not super dovish, expect a disappointment and strong selling. If Yellen is super dovish, S&P 2000 is like a magnet for traders.
Rally attempts in oil and gold have met with selling so far in early trading.
Interest rates are range bound.
Gold futures are at $1278, silver futures are at $19.43, and oil futures are $93.38.
This post was just published on ZYX Buy Change Alert.
SAN is long with an average price of $6.90. As of this writing the stock is at $9.74. Currently, 45% of the full core position size is being held in the model portfolio.
Our target remains $16 to $18. ZYX Change Method calls for taking profits on a continuous basis. Unrealized profits can quickly disappear.
What To Do Now?
Those following the model portfolio may consider taking profits right here on a 5% tranche of the full core position size.
This post was just published on ZYX Short Change Alert.
JRJC is a Chinese financial information website. The stock has been rocketing on the news that the site will allow trading directly from its site. It is certainly a positive development but does not justify the huge run up. A big part of the run up is due to misguided claims that JRJC is becoming Ameritrade (AMTD) of China.
Consider short selling a 10% tranche right here around $11. Consider building up to 40% of the full core position size in the smallest tranches that your account justifies, such as 5%, slowly on a further run up. … Please click here or the title below to read more.