One strange thing today, Chinese social media(SINA, SOHU,etc) up big, ag stocks(MOS, POT) down in a very strong market. Usually they are in sync.
I have a few MOS naked puts. Long term, if we don't have double dip recessions, ag stocks should go higher, so many people to feed....
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
if I may guess, there should be at least one more push up to test today's high. Now let's see how H2 long at EMA20 works.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
I suspect financials are going up from the rotation out of energy and the comments from the investor's conference by BAC indicating that they are waiting on the FED to "allow" them to restart dividends. Wishfull thinking considering their cashflow IMO
No idea if H2 triggered whether it's a good setup or not.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Cobra wrote:No idea if H2 triggered whether it's a good setup or not.
Seems that the H2 long will pay off ...
Hard to say. Start off pretty slow.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Spide probably park here at 38.2% Fib retracement at a close, boring day since I got no gut going long early today now up a penny ( yes, 1 penny) I am done today.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.