IYR and GDX more often than not, can be calculated using info off of yahoo finance, to bring the risk of going long or short to nearly zero.
That’s what trading is all about. Zero risk vs 50/50. I prefer to trade at zero risk, although I still do 50/50 ones. nobody’s perfect.
There were reversal bars everywhere today. Particularly the $VIX and QQQQ had a black bar (Cobra’s prophecy of the black bar). Crude oil and copper were down decently—even the euro was down (not far from a multi-week low). Lower RSI divergence on the 60 min chart at the high and MACD lines couldn’t roll over to the upside.
sign me up!
NSM bad guidance. down 10% ah.
Hi Red, at the beginning of the week, I thought I’d be getting some down days out of this market. So far, I’m completely wrong.
There’s still a little risk going long at 49 CREE. Members got the zero risk number.
I bailed out of my IYR holdings, HCP,VNO,BXP…I probably should have moved the stop.
IYR and GDX more often than not, can be calculated using info off of yahoo finance, to bring the risk of going long or short to nearly zero.
That’s what trading is all about. Zero risk vs 50/50. I prefer to trade at zero risk, although I still do 50/50 ones. nobody’s perfect.
S&P 500 EOD analysis: LINK HERE
Bonds and gold sold off pretty well also. It could be an early warning that the carry trade is unwinding.
There were reversal bars everywhere today. Particularly the $VIX and QQQQ had a black bar (Cobra’s prophecy of the black bar). Crude oil and copper were down decently—even the euro was down (not far from a multi-week low). Lower RSI divergence on the 60 min chart at the high and MACD lines couldn’t roll over to the upside.
National Semi projecting weak second half. Getting hammered in AH. Could be a catalyst for selloff in Naz tomorrow………..