Above 998 and the squeeze will have shorts scrambling. A close above this area and we will be looking for triggers long.
Da bulls. We are long per our last post. We have hit out first target Friday and have pulled our stops up looking to the 4400 area for the next target. The third target will be open. Read past posts...if you were patient you were rewarded on this trade. Stay tuned
This market is getting ready to move and we will be watching for a close above 4275 to get long. Stay tuned. Watch more details: youtu.be
CL is range bound for now and could go sideways for a few week. We are still trading inside the monthly trend line and we will favor the upside for now. Watch more CL commentary: youtu.be
As we mentioned if GC breaks down we would pass on the trade and we did. We will watch for bounces and see if the hold. This is on our watch list. Stay tuned. Watch more GC analysis here: youtu.be
A close above 2060 and we will be looking for buy triggers on a lower time frame. See our weekly outlook: youtu.be
The J6 has broken out of it's pattern. This is bullish for equities and could place pressure on the indices. See our weekly outlook: youtu.be
Still watching for a breakout. If GC breaks down we will pass on the trade. Stay tuned.
CL played out very well for us. Price moved back into our zone and triggered a long (a small position). We have covered into this spike. We will look for pullbacks to establish a new position. We will post another chart with areas of interest. Stay tuned.
In the middle of the channel. We will avoid for now and wait for a better setup. Watch more on our weekly update: youtu.be
Crude had a nice bounce Friday. The volume was strong and now price is trading back inside the Monthly trend line. A test back down into that trend line and we will look for triggers long. See our weekly update for more: youtu.be
Now that Goldie has pulled back it will be on the watch list. Above the the trend line and we will look long. Stay tuned. See our weekly update for more: youtu.be
We were stopped out of our last contract in GC. We will keep a close eye on Goldie. We still like the upside. Stay tuned Watch more on our Weekly Video Update: youtu.be
CL made a new low in the March contract. The continuous contract is within a few ticks. Regardless of what contract you are trading CL is still weak and standing in front of this train wreck is bad for your account. We will stand aside until we see the first sign of upside volume then we will place it on the watch list. Watch more on our Weekly Video Update: youtu.be
The NQ is getting close to firing off a long trade. We want to see a break and close above 4275 before we establish a position. This goes on the watch list. Watch more on our Weekly Video Update: youtu.be
We are still hanging on to our 1 contract in GC. Mario Draghi plans on loads of QE. What does that mean for GC? For now we see more upside. We pulled our stop and will keep a two day trailing stop until we are taken out or we see the 1320 level. Here our comments on this Weekly Video update: youtu.be
OK...GC has given us a nice winner and true to our plan we will cover everything except one contract! (see past posts) This trade is a big winner for us and we would like to keep riding the move but with the ECB announcement tomorrow it's a flip of the coin. We could hedge with options but we choose to cover and leave one 'risk' contract to see if the...
We are watching this area closely as we wait for Mario Draghi to speak. If support breaks on a lower time frame we will exit the trade. If we are still in the trade and price breaks upward then we will watch for the 1300 level to breach. Either way, be prepared with stops and HAVE A PLAN!!! We talk about it a little more in depth on this video: youtu.be