looking good! 25K now in the books on the way to 26K. markets off to another great start to 2018 (even better than last year's first 3 days) the SCR (santa claus rally) ended very strong, and now we have the FFD (first five trading days of the new year) also about to end very positive, with the JB (january barometer) looking good as well. could be another january trifecta (SCR, FFD, and JB all ending positive) which has typically been a very bullish scenario for the full year. hope you had an awesome new year @hitman! look forward to hearing your input in here soon.
I was waiting for the 1st trading week to be in the history now that it is…for the past 10 years this is the first time DOW open positive in the first trading week. The chart below says it all and I don't feel like putting up more charts go do your own DD….what does this tells me the DOW is not done it's upward climb if you look at it it failed to open above the intraday high of 2017 so we might see a bull trap. Any weakness in the US$ and lookout for weakness in the DOW.
I'm in FIVE as of Jan 02 current price is $72.37 till around march and my longs for this year is AAL.VN(vancouver exchange) and ACB.TO(toronto exchange). I will be posting mostly 1 to 3 month longs from now on, not going to post day trades only if I can post it the day before. This year is going to take a lot of discipline the market is going to cause havoc for even the best traders compare to 2017. Now that 25K in the books 27,750K for this year then prime time….. watch for gold to shine this year but when gold and the DOW start to move in sync then its primetime.
I'm having a look at KO it's testing resistance, i'm still in FIVE tomorrow the decision will be made on FIVE.
The bear trap is being set so watch out, the EOD numbers on the DOW will determine the next direction if it close below 23860 today or less then the trap is in the making. It should walk down to 20K then upswing violently so there is a lot of money to be made don't be emotional and stay married to any name thats in a negative cut them loose then play the downturn to about 20500 then sit in cash and reposition for the swing up. Will visit this on the weekend to update.
Monday through Wed light or no volatility then Thursday and Friday high, so my play going to be on the VIX
Today was the perfect day to open a position in the VIX which I had to do (avg down). Tomorrow VIX kicks in then Friday light going into next week Mon - Wed high then tapper off (Thur). So 2 ways this can be played, tomorrow sell (thur15Feb) re-enter on Friday or hold till next Wed.
Resistance for the DOW is 25595 technically support is at 25130 this is going be an interesting week if the support is not held lookout below, UVXY still in play for me.
Heads up for what it's worth the next "crisis thats upon us is Sovereign Debt " this is starting to take form from a global outlook and will make it's way to North America. So start paying careful attention to this and positioning your portfolio to capitalize on not incur heavy losses.
Pension Funds starting to show problems due to QE, - / low interest rates so this ponzi scheme is about to blow up I always believed this would happen. Interesting times are upon us.
So you are predicting a sovereign debt crisis in north america, quite similar by the way, to what hapened in western europe after 2011-2012 with PIGS (portugal, ireland, greece and spain)? And in presente case (north america) causes would be what? Trump fiscal reform? This fiscal reform is similar to what Reagan prometed during 80's making public debt climb the stairs, isnt it?
@rg7803 yes I am saying North America will be facing a sovereign debt crisis cause by not so much of people selling gov't debt but by the lack of buying new debt. The Gov't sell new debt to pay off maturing debt so when there is no BID for new issues lets see what happens. I said in my post it will start from the outside and move inwards. Whether you see it or not it started:- FACT from the Clearing Corp of India, currently holders of Indian Gov't debt have been dumping $73mil of gov't bonds on average every day this year, last year their net daily sales totalled 368 mil now its 4.7bil($73mil). Actually America should be happy at some of the things Trump have done so far but thats another topic that near sighted people are blinded to due to the media. AH the PIGS the EU and Germany, do you think those 2 didn't know what they were doing to the PIGS and how they would f**k them.
What I'm looking at in the DOW for this week is the closing, if it closes below 25975 then hopefully a retest of support before moving higher.
Draghi admits he cannot stop buying Gov't debt... here we go…what this means is if the ECB stops buying gov't bonds there will be NO BID.
Happy New Year old and new members.....didn't have much to input cause I went the oldman way (dividend route) but I did 1 trade on November 08. No longer in any divi just cash will stay in touch and lurk....HNY everyone and best wishes in 2019.
Going to be playing 2 ETF'S from now till March on a 2 - 3 days moves. SOXS 3x and FNGU 3x also. I will try and post the day before I will be making my move. Looking for a buy in on FNGU @$24.50/24.75 before close.
