The equity markets rallied over 80 points from low to high and thus, the dollar weakened, giving some really nice Double Fall Line Trades in the AUD/USD and EUR/USD. Almost a Buffalo Bounce in the USD/CAD. It was very late on a Friday, so I traded with very small position sizing – but .05 percent in [...]
Good Morning Traders and Investors, I guess there are more buyers then sellers. Since I am still net long, I look for this as an opportunity to hedge the portfolio by throwing on some Covered Calls and Bear Call Spreads. The risk to reward is to good not to. The big story is the Fed starting to get [...]
Good Morning Traders and Investors, We had a very nice turnout last evening for the monthly get together of the PC TIC. We saw some very interesting plays in SPX, the dollar and thus USO. What a nice range it has found – it seems to be in the middle right now, so a pretty tough [...]
Good Morning Traders and Investors, Another beautiful day in Park City. The snow is falling and as we have had a below average year, every few inches helps. Sounds like a commercial for something else… Let’s get right to the charts as volatility returned and it was quite an active day. Many Double Fall Line Trades [...]
Good Morning Traders and Investors, WOW! That was like the old days!! I am obviously late in writing this commentary, but better late than never. Just an aside, the weather in Park City (and Deer Valley) is uber-beautiful and I was able to spend the afternoon on a 24 foot ladder fixing my heat tape with [...]
Good Morning Traders and Investors, First of all, congratulations to the Saints. I could care less who won as Peyton is a stud and you just got to be happy for New Orleans getting their first. Brees, Bush, Shockey – seem like worthy role models to me. It was another beautiful weekend in Park City. The Olympic [...]
Good Morning Traders and Investors, Snow is in the forecast. Sunday will be a great day to hit the Stein Eriksen buffet after a morning of powder skiing (fingers and toes crossed). A little pre-game with Bloody Mary’s before kickoff. The over under is probably around 100 as Manning and Bree’s duke it out. If you [...]
Buffalo Bounce in the EUR/USD and AUD/USD Loser on a double fall line trade in USD/CAD, but re-entered for winner shortly after. Met goal for the day – it is Friday, going skiing as snow is in the forecast BUT, mid-day commentary coming in just a few minutes so stay tuned!
Good Afternoon Traders and Investors, Don’t get too excited after the first day of February closes out and we are up over 1% on the day. We have a lot of work to do and a lot of event risk this week. Earnings are still around and unemployment (unenjoyment) Friday looms. Peak at the ISM manufacturing [...]
Trade Updates: Double bottom from Friday’s low in GBP/USD around 1.6100 and Double Fall Line Trade in USD/CAD at 1.0600 – good for almost 20 pips! Happy Trading Tomorrow!
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