This post was just published on ZYX Short Sell Change Alert Initiating a 10% tranche short on SPY right here in the zone of $145.90 -146.20. The plan is to add more if SPY goes higher. This is a short term trade. The trigger is the release of FOMC minutes which show lessening
Our prediction that the fiscal cliff would be resolved has turned out to be partially right. It is important not to get carried away with optimism because only one part of the three-part puzzle has been addressed. The three parts are: taxes, spending and the debt ceiling. The fiscal-cliff deal
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) THE DISUNITED STATES OF AMERICA December 28, 2012 The dysfunction in Washington is in full display. A few days ago we told you that market observers were expecting
(This post was published this morning on ZYX Buy Change Alert.) Obama has cut his vacation to Hawaii short and is reportedly on his way to Washington. The stock market is encouraged. Gold and silver momo crowd started buying aggressively on the news. This is consistent with gold and silver momo
This post was just published on ZYX Buy Change Alert. We have received a large number of emails in response to the ‘Morning Capsule,’ BARN BURNER U.S. EMPLOYMENT DATA. Most emails expound conspiracy theories and flaws in the employment data. Most emails have asked our opinion on conspiracy theories. Our focus
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.