You have been offered a GIFT!

The S&P500 Emini has now traded to the 1076's for a new high at 1076.75 so far. We have had an excellent run in the US markets these past weeks on the US Dollar weakness play mixed with many strong runs in commodities.

The market as of today is offering to you a longer term play GIFT, a HUGE GIFT, and I hope you all know what to do with it! :eek:

 

I looked up GIFT. It is trading around 31.45, should I short it below 31?

 

Yea I was thinking about being long GIFT but now I don't know, GIFT is hard to buy at these levels.

 

"SHAKES HEAD"......hmmmm.....GIFT in the S&P500 (or SPY) that is.......

Like in LONG TERM trade set ups.....got it!

 

We got it, we are just not sure about the implied direction....

 

amt4 weren't you big time short the emin around 40 pts ago saying we're about to tank?is that what you mean by gift?

 

AMT likes to triple down and triple up.

So in his terms what he is referring to is the "Gift that keeps on giving."

 

Some people will never learn!

 

Last time I was loaded up SHORT I did hit an excellent +60 point run down to the 1012's.....Thank You!

Also of note, that set up I did not come here to ET and tell you that a GIFT was offered.....

 

What is triple up and triple down?

I do build up long term trade positions within a range of price, as I profit from the price rotations prior to the trade break in my intended direction.....has worked very well for many years now.