We are selling Yen. Why? Because we are long and are sticking with the uptrend in equities. Heck, I even got long PCLN intraday today. The JPY weakness will continue as long as there is risk appetite. We are using a more aggressive approach to these trends and I am also looking to do the … Read more
Today’s action in stocks had the volume, but lacked the correlated confirmations. This has been typical action the Thursday before monthly expiration. Let’s take a look.
On the one hand, the markets may seem stretched at this point. But what if …?
Today we had a number of what I call “guidance trades,” and these are confirmation of longer-term time-frame entries and/or stand-alone opportunities. With the entries we had today from copper to EUR/JPY to the New Zealand dollar, I walk you through our newest entries and how guidance trades work. The Spreadsheet of Trades The tabs … Read more
There are massive money shifts happening in this market, and this is the one I’m finding to be most surprising, as well as having the biggest implications in the years ahead.
Trades are firing. Copper, XLF, JPM, EUR/JPY, and more. We’re also looking at the New Zealand dollar event tomorrow. See what my favorite currency setups are, and what I am waiting on… The Spreadsheet of Trades The tabs at the bottom of the spreadsheet will allow you to see the Futures and Forex setups. … Read more
The key to this market has been money going into sectors a few at a time, while the others catch their breath. Here’s where the money is going now.
One look at the calendar and you see RBA, Draghi, Poloz, and Yellen … it puts currency futures and forex in play, and that’s how we will start out the week. The Spreadsheet of Trades The tabs at the bottom of the spreadsheet will allow you to see the Futures and Forex setups.
Stocks were lifted higher again on Friday on great numbers from AAPL. I’ve been focused on riding the wave higher for several weeks now, and I don’t see any reason to stop. Let’s review this week’s earnings trades and see what’s setting up as we start getting into November’s trading.
Here’s the trade management, and look at what I am setting up for next week. The Spreadsheet of Trades The tabs at the bottom of the spreadsheet will allow you to see the Futures and Forex setups.