Good morning to you all .
As expected Friday the last 15 minutes of the day we saw the unwinding of the forward month positions gave us a window of opportunity to pick up cheap positions.
While some stubborn bears see that as a negative the true nature is that its the unwinding of protection nothing else.
Looking at the present market we see that the North Korean military leaders will hold the fort for the time being while the educate the junior, nothing to be too alarmed about.
If anything another opportunity to buy.
Now looking forward we see that the astrology has started to kick in and the market is on the rise.
Going by my work I see the positive momentum pushing this market through the 1230 area and beyond today and it wouldn't surprise me if we saw 1240 today.
Those of you who find it hard to buy anything might want to look at selling bonds, as they have been the safe heaven.
I tried to buy gold Friday and today at 1585 but was unsuccessful twice hopefully third time lucky.
Please remember this is a 3 day play and I will be closing out Wednesday close.
I am holding long position in ES average 1211.50, long gold 1269.00, short bonds 145.00
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
As this is being written ES 1219 Feb GOLD 1596.10
As expected Friday the last 15 minutes of the day we saw the unwinding of the forward month positions gave us a window of opportunity to pick up cheap positions.
While some stubborn bears see that as a negative the true nature is that its the unwinding of protection nothing else.
Looking at the present market we see that the North Korean military leaders will hold the fort for the time being while the educate the junior, nothing to be too alarmed about.
If anything another opportunity to buy.
Now looking forward we see that the astrology has started to kick in and the market is on the rise.
Going by my work I see the positive momentum pushing this market through the 1230 area and beyond today and it wouldn't surprise me if we saw 1240 today.
Those of you who find it hard to buy anything might want to look at selling bonds, as they have been the safe heaven.
I tried to buy gold Friday and today at 1585 but was unsuccessful twice hopefully third time lucky.
Please remember this is a 3 day play and I will be closing out Wednesday close.
I am holding long position in ES average 1211.50, long gold 1269.00, short bonds 145.00
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
As this is being written ES 1219 Feb GOLD 1596.10
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.