Decent week with predictable Friday post. Is that black I see??? All swing stock trades, still looking for ES traction. GS, ANN, PSS most responsible for the week.
Endless SP Channel.. Scary to both Longs and Shorts... Today's doji daily (though "fabricated" in 30 mins.) is interesting. 666 low a neat just plain funny. Shorts may have to make a peace offering to pass.
FAZ/FAS basically "carry" the markets.. Looks like turning point today... FAZ has that gap in the mid 60's and has ben persistently overbought for a while so ripe to fill it and as we know FAZ can fill ANY gap.. Meanwhile FAS about to break prior day high for first time in a while and to do so above 2 small days makes the trade easier.. looking to get long as close to 3 as possible.
Picked up some DXO yesterday 2.5. Should mean well for POT, FCX, DRYS.. etc. Probably pick up POT today (was napping and missed the 65 support trade). DRYS always a terrifying swing trade so I may pass.
If BGU can clear 16 then we have the market relief rally we've been waiting for.. That gap from 18.2 to 19 inviting if that happens..
The usual morning error.. 693 es, sold 699 thinking the gatekeepers at 700 would hold but they are apparently off today... FAS Hourly VERY crowded.. 3.6, 4, 4.5... Long FAS 3.16, POT 71.6, AN 10.65, DRYS 4.3. Covered GS 77's -- Whenever GS is close to the abyss, markets ALWAYS rally... FAZ 65 Looks like a no-bariner trade long.. Will I have the nerve?