TIME | ALERTS | |
20:37 | Trades Today: Scalpers: -2, -2, -2, -0.75, -2 = -8.75 Sluggers: -2, -2, -2, -0.75, -2 = -8.75
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15:43 | No joy today.
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15:43 | Trade #5 -- Sell 1789 [-2]
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15:00 | We have 1 bearish reversal followed by a bearish continuation --> http://screencast.com/t/1YpMaabBpo
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14:55 | Sluggers should try to ride this down.
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14:53 | Looking ugly here. Could drop a lot.
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14:47 | Trade #5 -- Sell 1787
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13:39 | Just waiting for something to happen.
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11:43 | The last reversal signal was the first signal today that worked out (i.e. would have made us a minimum of 2 points, and the move from top to bottom was at least 3 points).
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11:35 | Looking for 1783 for support.
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11:30 | Bearish reversal signals on 1, 5 and 15-minute charts. I would be looking to go long once they play themselves out.
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11:17 | Trendline resistance at 1787
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11:14 | There you go. A classic reversal signal, and it did not work. BTW: Yellen is still speaking.
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11:01 | And now a classic reversal candle with a long wick. Do we think the market has made up its mind? I don''t know, and I don''t want to take on any additional risk at this point. We should sit back and watch for now. There will always be another trade down the road.
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10:53 | Looks like a pull-back is starting. Let''s see if the market is going to follow the reversal signals.
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10:25 | Yellen is still talking. Best we do nothing until she is done.
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10:24 | Gold and Silver taking off like a rocket.
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10:24 | Recommended SLV Nov13 19.50 Calls to the options traders.
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10:22 | The bearish continuation pattern didn''t work. Insteat, we got another classical signal for a move higher. That makes 5 signals in the first hour of trading. We are not confused, the market is. Have to wait for it to show it knows what it wants to do.
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10:08 | Getting chewed-up in this choppy start. Needs to step back for a while. We just saw two perfectly good set-ups go the wrong way.
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10:07 | Bearish continuation pattern. --> http://screencast.com/t/VkCjFSYhPjz
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10:05 | Trade #4 -- Buy 1778.50 [-2]
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09:59 | Trade #4 -- Buy 1780.50
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09:56 | Trade #3 -- Out 1778.75 [-0.75]
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09:56 | Trade #3 -- Exit 1778.75
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09:55 | 9:50 reversal. If it happens, it has to go up.
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09:47 | Trade #3 -- Sell 1778
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09:47 | A couple of bullish candle reversal have failed.
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09:44 | Trade #2 -- Stopped out 1779 [-2]
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09:44 | Charts suddenly looking ugly.
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09:38 | Sluggers should shoot for 1786. Move Stop to breakeven if we reach 1783
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09:35 | Trade #2 -- Buy 1781
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09:25 | Trade #1 -- Stopped out 1779.75 [-2]
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09:20 | Trade #1 -- Buy 1781.75
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09:18 | May take a long position on the current candle if it finishes up.
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09:17 | I expect the markets to move sharply higher today.
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09:10 | Good morning!
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