Action: We are entering ESU3 long at 1640.50. If there is no follow through we will close by end of day. This is an aggressive trade and good risk/reward for upside into the bell. Update 3pm CST: Stopped at 1635.50 for a -5 point loss.
With no resolution in Syria and signs that it is only a matter of time before bombs start to fly we are keeping trades close to the hip. We have no active signals currently. It feels like equities want to bounce higher and our signals are flirting with short term bullish. If we enter a […]
With the Case-Shiller 20-City housing price index up double-digits for the 4th straight month, Robert Shiller has some choice words for CNBC viewers about the housing recovery. “Housing is a market with momentum,” he notes, “and right now, the momentum is up;” but he adds that while house prices are recovering, he remains much less opportunistic about […]
We closed one short NQU3 contract at 3124.00 on 8/26 and one short contract at 3093.50 this morning (8/27). We entered the trade on 8/22 & 8/26 respectively. One contract was a -17.50 point loss and one contract was a +46.50 point gain for net gain of +29 points. For today equities gapped significantly lower and find themselves at […]
Action: Close 1 short NQU3 contract at 1324.00 on the liquidation break. We’re keeping 1 contract open. We sold short 1 NQU3 contract on 8/22 @ 3106.50 and another at 3140.00 on 8/26 (average price of 3123.25). The first contract will be booked for a -17.5 point loss. The second contract currently has a gain of […]
Today’s market weakness came out of nowhere and is being attributed to speculation that US Secretary of State John Kerry’s strongly worded statement on Syria could be setting the table for a military strike in the next few days. John Kerry: “It is undeniable that there was a chemical attack on civilians in Syria last […]
Action: Sell short NQU3 at 3140.00. Look for another wave of selling as the bounce signaling exhaustion.
I don’t think we’re touching this tape today… too much fluff. Feels like short covering and just a matter of time until the trap door opens which means we need to be patient. Hopefully they will keep prices elevated and give us a short opportunity on Monday.