Wishing all the best of luck to the traders in the live trading room, I took an early leave this Friday.
$VXX was on our side, and that was a great morning!
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Wishing all the best of luck to the traders in the live trading room, I took an early leave this Friday.
$VXX was on our side, and that was a great morning!
From the desk of Steve Strazza @Sstrazza
Monday night we held our March Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each
Let’s get right into it!
We’re making a tactical bearish bet on a transportation stock that appears to be riding the rails south to lower prices.
It’s got earnings coming up in late April, so we’ll be buying an express ticket on a short-term play to capture a move. [Read more…]
by JC
With Financials continuing to fall apart, we’re focused on the assets that are making new highs – Bitcoin and Gold being 2 of them.
I was on Fox Business yesterday talking about the importance of the 2007 highs in the Financials Index.
by David
From the Desk of Kimmy Sokoloff
I like to say this market is not for the faint of heart.
This morning we’re trading below the 200-day moving average on $SPY.
Unless we recover 392.44 we can head back down to 385.
I mean, do I really know my risk?
Stocks and Futures traders like to talk about how they use stop-loss orders to define their risks, and that’s smart.
A lifetime ago I managed a small, independent hedge fund that traded commodities with a trend-following strategy. This strategy entered positions that I’d attempt to hold for weeks or months (if they were working).
Every position I had on had a resting stop-loss order working in the market, giving me comfort that I knew the most I could lose if I was wrong.
All that comfort I was enjoying changed one day after a trip to my clearing firm’s office in downtown Chicago.
I sat down with one of the firm’s risk managers for a simple “get-to-know-you” chat. He was curious about my trading and just wanted to get to know me a little better and see if there were any ways in which he could help me get to the next level.
We got into the weeds of my trading strategy and he was nodding along in agreement that he was in favor of what I was doing and he thought the returns I was earning were impressive and better than average for accounts of similar size with that firm.
When we got on to the topic of how much risk I was taking in each position, I had my riff on position sizing and trailing volatility stop-loss orders ready to rip.
But then, mid-speech, he interrupted with a show-stopper: [Read more…]
by David
From the Desk of Kimmy Sokoloff
This market can’t get its act together.
It started off strong, then it faltered.
by Ian Culley
From the Desk of Ian Culley @IanCulley
The Federal Reserve handed down a 25-basis-point rate increase on Wednesday.
And Fed Chair Jerome Powell implied an impending pause in the hiking cycle.
You know what this means…
It’s time to buy the four “Bs” – Bonds, Bitcoin, Big-Tech, and Bullion.
JC and Strazza talked about it on Pardon the Price Action earlier this week.
Today, I’ll highlight bonds with a couple key levels to trade against as we add these assets to our portfolios.