Monthly Archives: April 2011

Time to cover some of the Cotton Shorts put on back on April 14th

Please go back to April 14th. I suggested selling cotton. Cotton made 3 month lows today. Cover 1/3 and move protective buy stops on the

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Don’t buy the US Dollar until the 71 level is tested

I have been looking for a level here to get long the US dollar. Looking at long term chart, I think there is another 3

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12,920 Dow is the new upside target

12,920 is a perfect double from the panic low at 6460. Today’s high at 12,550 is less than 400 point from that target. I think

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Head for the Sidelines or be a small, disciplined Short

The Bernanke is going to have a press conference tomorrow. Strategy? Turn off your computer and do not trade.
There are 240 trading days in

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Live From the floor Thursday 4/21/11


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Sell Dow here at 12,400 risk 100 pts

Sell the Dow here at 12,400. If we can’t settle above 12,400 we could be right back down where we were 48 hours

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Sell Target Hit in Gold at 1500, a quick 5 buck profit

The sell target in gold was hit at 1500. We promptly broke down to 1493 for a nice 6 buck scalp.Hope you took advantage

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Watch 12,000 level in Dow and 1300 level in the S&P

Watch the 12,000 level in cash Dow and the 1300 level in S&P.If the indexes can consolidate around these areas, showing strength, then we may

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Dow Short Pays off- lower protective buy stops and look for the 11,900 level

Dow short pays off our patience. 12,400 looks like a massive double top on the charts.
We took profits on Friday. Now I am going

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Friday April 15th–Position Update

Today, I exited the 2/3 of the long gold position. 40 bucks in 3 days was a great pop.
I have taken profits

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