Going forward, I plan to do regular updates covering the most attractive sectors, commodities and/or countries as well as the most bearish (for short trading opportunities). In doing so, I will cover the tracking ETFs, which may help less active traders & investors, as well as those the prefer the simplicity & diversity afforded by [...]
The near-term outlook for the US equity markets, crude oil, global currencies, precious metals & miners, and select agricultural commodities.
I've been looking for something worthwhile to post but just don't see any short-term trade ideas that look compelling right now, plus, I think trading might be difficult today and possibly throughout the week with the markets grinding around in a fairly unpredictable range. I am seeing some interesting developments in the energy sector, including [...]
U.S. Equity Markets With my first bounce targets on SPY hit & nearly hit on QQQ, my expectation is for a pullback to begin early this week. My primary scenario for QQQ is a pullback to the 102.50ish level with an alternative scenario of a deeper correction down to the S2 zone (100.70-100.15) before a [...]
The following trades have been removed from the Long-term Trade Ideas category. EC: Failed to reach T1 before exceeding the suggested stop below 14.86. CDE: Hit the final target, T3 at 6.55 for a 56% gain earlier this year & should have been moved to the Long-Term Trades-Completed category back then. SGG: Fell just shy [...]
SGG (Sugar ETF) will be added as both an Active Long Trade as well as a Long-Term Trade Idea at current levels. Suggested stop below 29.00. Price targets listed below may be adjusted based on the charts of $SUGAR (spot sugar prices). With the potential for a bottom in sugar prices, additional price targets may [...]
As I was unable to update the Long Trade ideas before I left for vacation, updates on both individual trades will be posted throughout the day including the "batch" of stopped out trades below. As there are numerous updated to be made in the Long Trades category, email notifications will not be sent out on [...]