Morning all

You don't need to be a rocket scientist to work out whats going on..
Regardless of what technicals are saying,the dip is being bought aggressively.

To the bear traders out there be smart and wait if you cant buy..
The market is gain serious strength.
Money is running out of the bond market and its lining up for equities.
While yes there is a strong case that there is no volume behind this move does there need to be?
IF VERY ONE IS HOLDING REFUSING TO SELL THEN MONEY HAS TO CHASE PRICE.

While many believe there is money on the side waiting to come in, others are questioning whether that money has been put to work already.
Regardless of the one thing experience has taught me , when good news is good and bad news is good then market is going higher.

Don't fight it like an arrogant trader, ride it like a professional trader.

For the Astrological students..

When there is negative aspect and the market trades sideways to higher, one must assess the slower longer term aspects not just the short term aspects.
70% of the time you don't need to but there is times like right now where this needs to be done.

Market have been trading as expected .

I've been bold and have been buying ES 1480 calls options December last couple of days.
Looking forward I see a rally.
The present creeper rally is just like busking daily.
You keep doing it and everyday you gain more.

For the week ahead take a look at both gold and the grains.
Gold might be ready to run to 1700 and grains could also move limit up over the next fortnight.

Anyway use caution ..


As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.

13th August

Hello to you all

Hope you all enjoyed a wonderful break.
I was fortunate enough to go to England and see the Olympics ..
As my country men and women tried to win for there country it was a wonderful experience and I recommend you all doing it at some point in your lives.
Truly eye opening when you train so hard for 4 years and then that disappointment, of not medalling, sad but eye opening never the less.

So where is the market???? in a bull crawl.
Whats a bull crawl?? Its when no one is around shorts get squeezed out by chip and charge players, and at the end of the day the Arbitrators where the losses of there Arbs short term.
Its in small stages so it doesn't hurt as much as long as the stocks are crawling up and time decay is washing out of the options everyone is happy except the retail SPECULATIVE traders who require volatility to make money.

Guys thanks for the emails will get to them slowly but for now lets just looks at whats ahead.

Most professionals come back mid to end of next week 22-23th of August.
With the market at these levels you will find many funds are behind the bench market as they have been in cash for most of the 5-6% rally ...
Not much but when you want to keep money you need to perform or you'll loose it.

Either this market drops back to the August open of 1379 on the cash which is around the 1370 by end of the month or is makes a run to 1420 September contract which would be around 1426 cash.

Warning sign is that the bonds money is being cashed in.
In other words will be allocated out of bonds into equities.

Whether this is for the election rally or Xmas personally I don't care nor should you as long as you make money.

The 14th this week is a cycle day which is interesting.
Because the moon is in Libra... Balancing act.

The VC on Wednesday as a nice negative tone  heading into the Venus/Pluto opp.

Thursday morning early hours this should continue before it wanes and starts to turn positive on Thursday for the open.

Fridays New Moon is a positive so don't take a topping view.( we will see higher highs before the next moon cycle).
We could see lows in grains and a turn to the upside in grains.

As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.