Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
This post was just published on ZYX Buy Change Alert. Consider taking profits on GMCR and exiting the position in the zone of $108 to $113.85. This is a very volatile stock and moves in wide ranges. The reason for taking profits and exiting the position is that this is the kind of stock that can be hit hard in a market downturn. Please be sure to cancel all open orders that have not filled.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) QUADRUPLE WITCHING BIAS TO THE UPSIDE, MOMO CROWD AGGRESSIVELY BUYING GOLD March 21, 2014 Today is quadruple witching. Stock index futures, stock index options, stock options, and single stock futures expire today. Expect volatility. Part of yesterday’s up-move is attributable to buy side bias in quadruple witching. It is not uncommon for such gains to reverse on the following Monday. Momo crowd is aggressively buying gold and silver this morning. Interest rates are range bound.
This post was just published on ZYX Short Change Alert. Consider adding a 10% tranche to SPY short in the wake of the Fed statement. SPY is trading at $187.20 as of this writing. Please see the prior post for details.
Today is the Fed day, a day when after the FOMC meeting, the Fed releases its policy statement. Today is also the first press conference of Janet Yellen as chair of the Fed. But regardless of it being Yellen’s first meeting, Fed day provides a gold mine of trading opportunities, provided you have a plan in place. Today is one of those rare times when it is not going to matter much to both the stock and the bond markets as to what the Fed says. The trading will be mostly dominated by the technical mechanics. Let us start by
This post was just published on ZYX Short Change Alert. Consider taking more profits on a 10% tranche on gold miner ANV in the zone of $5.55 to $5.75. The stock is trading at $5.71 as of this writing. After this profit taking 40% of the full core position size will be held. The reason for this profit taking is that the momo crowd will try to buy gold around the time of the Fed announcement. If gold falls after the Fed announcement, the remaining quantity will still be held to profit from. On the other hand if gold rises, there will
This post was just published on ZYX Short Change Alert. On Friday shorts were entered in the range of $6.50 to $6.70. ANV is trading at $6.07 as of this writing and 60% is being held. Consider taking profits on a 10% tranche right here. This will leave 50% of the full core position size being held.
The Crimean referendum took place over the weekend, and 96.77% of the vote was in favor of joining Russia. Sanctions from the West will likely be announced soon. The Chinese renminbi fell 0.3% to an 11-month low, which is a big move for a currency; this comes after a string of bad economic data from China. Over the weekend, there were predictions that the DJIA would open on Monday down 300-400 points and gold would open up $40-$50. It is still early in the pre-market at the time of this update, but it is worth noting that DJIA futures have
There’s a lot going on these days. Crimea, a region of Ukraine, will hold a referendum this weekend on whether or not to join Russia. A secondary concern is bad data from China. Gold is rocketing, stocks are swooning and bonds are rising on jitters. But let’s take a deep and breath and take another look at all that’s going on. Taking a step back Here’s my take on what’s going on in the world. It has been quite some time since I made my call to short China. See China super cycle is over and my other writings. Since