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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 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 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 for the heads up

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

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