On the weekend President Obama made optimistic remarks in Bangkok about resolving the fiscal cliffs. If Obama is right, it will remove a major uncertainty from the world markets. The momo crowd has seized on the potential removal of uncertainty and has been aggressively buying gold since Obama’s remarks. Traditionally
This post was just published on ZYX Short Sell Change Alert Consider taking profits on the entire SPY position and exiting the trade in the zone of $135 to $136.15. As of this writing SPY is trading at $136.05.
This post was just published on ZYX Short Sell Change Alert Consider taking partial profits on a 15% tranche in the zone of $135-137.50. SPY is trading around $137.20 as of this writing. This will leave 25% of full core position size being held.
The Federal Reserve provides a gold mine of both medium-term investment opportunities and short-term trading opportunities. The Federal Open Market Committee (FOMC) holds eight regularly scheduled meetings every year. One of those is being held this week, with a rate decision set to be announced at 2:15 p.m. Eastern on
This post was just published on ZYX Short Sell Change Alert Consider adding a 5% tranche to SPY right here around $147.60. Those not in the trade may consider initiating a 10 to 15% tranche right here.
This post was just published on ZYX Short Sell Change Alert Consider adding a 10% tranche to SPY in the zone of $146.60 to $147.25. No stop for the time being.
This post was just published on ZYX Short Sell Change Alert Consider adding a 10% tranche to SPY in the zone around $144.07 to $144.40.
This post was published on ZYX Short Sell Change Alert Consider adding a 5% tranche to SPY right here around $142.42. Future equivalent is $1417 to $1418.
This post was just published on ZYX Short Sell Change Alert Consider short selling a 5% tranche on SPY right here around $141. Also consider entering limit orders for a 5% tranche around $142.11 and another 5% tranche around $142.94. No stops for the time being. Target zone is $132
This post was just published on ZYX Buy Change Alert Our read of the FOMC statement is that QE3 is on track. Many FOMC members favor easing soon as they seem to be focused on high unemployment. As a result of the statement, stocks are spiking up, bonds became stronger and dollar slumped. Most notable is the