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Stock higher in front of FED decision…
Stocks have rallied stronger than we expected coming into the week. This therefore took some of our short profits, and we were stopped out of some positions. We still have minor shorts on going into Fed report. We are still short AAPL, and it is much weaker than the Wyckoff Wave. We are also still wanting to be long metals stocks like NEM, as we think metals are trying to make a nice intermediate term …
We are having big day today, stocks down sharply, bonds up sharply…
Today all positions are working nicely except for metals trading around unchanged. Bonds have given us big gains in a short period, as well as our short positions in stocks. Apple short is also looking good. We still expect stocks to move lower and bonds higher. Stay Tuned! $VNQ $XLE $SPY $XOM $AAPL $GDX $NEM
Big Day Today!!
We are having a big day today. Please make sure you are following our Twitter for our thoughts in these fast moving markets. We sold Oil Stocks on this mornings quick rally, bought bonds and TLT, and our shorts in AAPL are working nicely. It appears that stocks have further to fall, and our bond indicators got major friendly on this mornings selloff. Our long metals positions look very good as well. $TLT $XLE $XOM …
Gold is up $10 and metals stocks rallying…
We are long some gold stocks and ETF’s in our Model Portfolios. We are watching closely as we feel that this might be a nice low being made here on the charts.
Market traded a little slow today waiting on tomorrows Fed…
We have have entered into some short term trades in the last few days. We have had success with all of them except for today getting stopped out of a TLT short. We are content with our shorts in the oil patch with our XLE and XOM short positions. We are also short real estate with our VNQ short, and a small long in the precious metals with a long position in GDX and NEM. …