Agree. I have never ever traded SKF, FAS or anything leveraged looking at actual charts of those. I'm looking as XLE, XLF and SPY
Easily... Just look at the chart of XLE:XLF As for your second question - sectors bottom out one by one. If 666 was an intermediate bottom then...
It WILL come back this week. But if I were you I would do the opposite - I would buy UYG and DUG - meaning being long financials and short energy....
Dear Spanish, Oil is going down the tube this week. I have no doubts! Can reach 40 easily PS The more I read your posts the more respect I feel
I beg your pardon, Gentlemen, but at the moment I think exactly the opposite will happen. Financials will outperform energy and material stocks....
I totally agree with this thread's headline in a sense that if you wanna short something - for God's sake don't short financials. 1 week ago...
I bought some FAZ at 28... Might very well go to 60
Well, what happened to market is exactly the opposite of what we thought. Number was slightly better, BUT I do not see any sign of rally in the...
That's true. The only thing that really encourages me is rapidly rising YEN! Forex market is no joke in terms of size
I'm here! Looking forward for the Job Report. If it's ugly - it will make my day. Otherwise - more work on charts etc... Anyhow - less that 1...
Sorry, for some reason I thought you are planning to buy. I sincerely apologize!!!
Hi I'm not sleeping as well... Reason? I went short on the close yesterday Gonna be INTERESTING day!!! I wish you luck, Sir PS Just my 5...
Just to make sure this thread is not moved I'll add some thoughts on why do I think this rally is over. 1)Yen does not support it 2)Volume today...
Me too!!! Me too!!! Already bought FAZ and ERY!!! Joking aside - just take a look at $CPCI This ratio has been that "bullish" last time in...
And again there is ONE thing I'm missing with last week's "bottom" and that is bearish sentiment (PIT/CALL ratio) Next week or two will be the...
The funny thing is that you are right also in the assumption of tomorrow 200 plus down move!!! Seriously!!! But we will see
Serious question though: do you consider november lows to be resistance?
I went short at the end of the day and I plan to hold until PUT/CALL ratio moves to bearish territory (more bears we need). At the present moment...
There are few reasons why I am short energy and LONG financials. (works very well for last two days BTW) Sectors tend to bottom out one by one...
Exactly! Not to mention PUT/CALL ratio which is at levels more suitable for tops - meaning people are sooooooo bullish. I expect this to change...
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