Posted by racerick on 24th of Jan 2020 at 05:29 am
Well SPX futures came within a 1/2 point of making new high
right after Europe came online tonite. Has pulled back a few points
but a lot of volume at the upper ranges. Pretty big negative
divergence on MACD though at it's peak.
Posted by racerick on 21st of Jan 2020 at 11:01 am
Matt, knowing you trade the futures, you'll appreciate this.
LOL, After reading the newsletter Sunday, I was up trading futures
Sunday night, had decent trades going on in the ES and GC and
figured I'd take a look at PA futures. So about 12:30 in the
morning found a R point at 2276 to short. Now I've been trading
futures mainly for 10+ years but have never even looked at
palladium. Was doing ok, went down to get some coffee, came
back up in 10 min and was way upside down. Look at the one min tick
charts from about 3ish when Europe came online. There were some
$700 1 min candles. Holy cow. Stayed up till 6am scalping my way
back to small profit. I was not thinking good things about you for
even mentioning it. I was like a moth drawn to a light when I saw
that chart. My last short was at 2308.50 around 4:15. As soon as I
got back to a semblance of profit, I covered. Haven't looked at it
again till you posted this. Obviously I should have held, but I was
worn out. You had a great call, but wow, the futures make trading
gold, oil or ES like trading a utility stock in comparison. Figured
you'd appreciate the story.
Mar arabica coffee (KCH20) on Friday closed down -0.80 (-0.71%),
and Mar ICE Robusta coffee (DFH0) closed up +5 (+0.38%).
Coffee prices extended month long decline on Friday with arabica
coffee falling to a 1-3/4 month low. The outlook for a rebound in
Brazil coffee output is fueling fund selling of coffee futures
after Conab, Brazil government's forecasting agency, said Thursday
that it sees Brazil 2020/21 coffee production rising to 57.2-62.0
mln bags, up as much as +25.8% from 49.3 mln bags in 2019/20 as the
crop moves into the higher yielding half of its two-year cycle.
Futures have dropped 20 pts in an hour and oil futures up $2 on
news that a couple of high ranking Iranians killed in drone attack.
Gold nice spike too.
Posted by racerick on 17th of Dec 2019 at 09:28 am
Richie, When you go to a Christmas party and everyone is talking
about the money they've been making in the market or your
grandmother calls you to ask what stock she should be trading, then
that's euphoria. Most have not been trusting this rally for awhile
and historically that has not been when markets top.
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Just sold my last SPY
Posted by racerick on 27th of Jan 2020 at 09:34 am
Just sold my last SPY put at 15.24 from 8.98 entry. Decided to keep one over the weekend. Got good execution on my sale. Great call Matt on SPY system
Well SPX futures came within
Posted by racerick on 24th of Jan 2020 at 05:29 am
Well SPX futures came within a 1/2 point of making new high right after Europe came online tonite. Has pulled back a few points but a lot of volume at the upper ranges. Pretty big negative divergence on MACD though at it's peak.
Palladium making new highs, wow
Posted by racerick on 22nd of Jan 2020 at 11:02 am
Palladium making new highs, wow $10k move for if you owned 1 futures contract
Natgas futures bounced off 1.88
Posted by racerick on 21st of Jan 2020 at 02:31 pm
Natgas futures bounced off 1.88 about 30min ago. UGAZ following
Matt, knowing you trade the
NICE call by me on weekend shorting Palladium!
Posted by racerick on 21st of Jan 2020 at 11:01 am
Matt, knowing you trade the futures, you'll appreciate this. LOL, After reading the newsletter Sunday, I was up trading futures Sunday night, had decent trades going on in the ES and GC and figured I'd take a look at PA futures. So about 12:30 in the morning found a R point at 2276 to short. Now I've been trading futures mainly for 10+ years but have never even looked at palladium. Was doing ok, went down to get some coffee, came back up in 10 min and was way upside down. Look at the one min tick charts from about 3ish when Europe came online. There were some $700 1 min candles. Holy cow. Stayed up till 6am scalping my way back to small profit. I was not thinking good things about you for even mentioning it. I was like a moth drawn to a light when I saw that chart. My last short was at 2308.50 around 4:15. As soon as I got back to a semblance of profit, I covered. Haven't looked at it again till you posted this. Obviously I should have held, but I was worn out. You had a great call, but wow, the futures make trading gold, oil or ES like trading a utility stock in comparison. Figured you'd appreciate the story.
Matt, On your SPY system
Posted by racerick on 21st of Jan 2020 at 10:20 am
Matt, On your SPY system reversion play, did you specify a certain put for the option play? Sorry if I missed
JO - Watching but don't
Posted by racerick on 21st of Jan 2020 at 10:10 am
JO - Watching but don't be in a hurry. Coffee futures around 111 now, next support level around 107.50
Arabica Coffee Closes at a 1-3/4 Month Low on Fund Sellingby cmdtyNewswires- Fri Jan 17, 1:55PM CST
Mar arabica coffee (KCH20) on Friday closed down -0.80 (-0.71%), and Mar ICE Robusta coffee (DFH0) closed up +5 (+0.38%).
Coffee prices extended month long decline on Friday with arabica coffee falling to a 1-3/4 month low. The outlook for a rebound in Brazil coffee output is fueling fund selling of coffee futures after Conab, Brazil government's forecasting agency, said Thursday that it sees Brazil 2020/21 coffee production rising to 57.2-62.0 mln bags, up as much as +25.8% from 49.3 mln bags in 2019/20 as the crop moves into the higher yielding half of its two-year cycle.
CHWY up nicely this am
Posted by racerick on 9th of Jan 2020 at 09:44 am
CHWY up nicely this am
Congrats on the ES. Gold
I took some ES short near that bearish rally cycle ...
Posted by racerick on 7th of Jan 2020 at 07:19 pm
Congrats on the ES. Gold up 30+ too.
Gold futures up to recent
Posted by racerick on 5th of Jan 2020 at 10:44 pm
Gold futures up to recent new highs tonite at 1590ish, currently 1581 +29
We may have seen the
Posted by racerick on 3rd of Jan 2020 at 09:25 am
We may have seen the high of the market for the year yesterday on the first day of trading in 2020. But who knows.
Futures have dropped 20 pts
Posted by racerick on 2nd of Jan 2020 at 09:35 pm
Futures have dropped 20 pts in an hour and oil futures up $2 on news that a couple of high ranking Iranians killed in drone attack. Gold nice spike too.
Lightly following on this. Thx
EEM ... I though with Last Friday's candle that was ...
Posted by racerick on 19th of Dec 2019 at 10:52 am
Lightly following on this. Thx for the heads up
Richie, When you go to
Matt, Appreciate the effort you and Steve put forth day ...
Posted by racerick on 17th of Dec 2019 at 09:28 am
Richie, When you go to a Christmas party and everyone is talking about the money they've been making in the market or your grandmother calls you to ask what stock she should be trading, then that's euphoria. Most have not been trusting this rally for awhile and historically that has not been when markets top.
Does anyone besides me think
Posted by racerick on 21st of Aug 2019 at 12:44 pm
Does anyone besides me think that M may be attractive here. It's yielding almost 10% and RSI extremely oversold.
Gold just dropped 8 pts in about 45 min
Posted by racerick on 22nd of Jan 2015 at 01:29 am
SPX back up to your 30min trendline Steve
Posted by racerick on 21st of Jan 2015 at 03:45 pm
Looks like may try to take it out going into close
ECB to buy $50 byn a month thru 2016
Posted by racerick on 21st of Jan 2015 at 09:43 am
per Forex rumor
Gold
Posted by racerick on 20th of Jan 2015 at 03:42 am
Gold - nice move up tonite after a few days of lateral consolidation
Mia - nice post on KFT the other day - getting nice BO today
Posted by racerick on 15th of Jan 2015 at 01:41 pm