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Monday, December 17, 2012

17th Dec 8.15amNYT

Hello all

The recap

Friday started off in a positive move which was great during Globex time but as the day session approached once again the Fiscal cliff garbage started and momentum was lost .

As all MA's are aware we got stopped out of our positions with a small profit on the ES and Took a loss on the NQ.

Today once again I am looking to be a buyer of both indexes, in the afternoon and holding over the next couple of days.
Both Tuesday and Wednesday are showing positive astrologically so I will be trading it.

In the Metals over the Globex session we see the gold crack the 1690 level which took out the retail stops as is always the case, will be interesting to see if the Commercials are taken later on today at 1678-1680.Platinum too is looking weak so keep an eye on it .

I must advise that I have bought APPL under $500.
I had orders sitting there for over a week and didn't realise it until trades where executed.
These where only for myself so please do your own homework on the stock.

With the political issue being the center of attention is very easy now to work out if a deal of some kind will be done.
Looking at my astrology and Obama's chart it looks to me that in the next 24 hours we should have some sort of a partial deal of some kind.
What this does to metals not sure.
What it does to stocks well they could run hard.
So it will be interesting to see how the market will react to the news.
DO NOT GO SHORT INTO AFTER THE CLOSE.

I have done a detailed look of the Australian economy for a clients.
We will make this public on Wednesday, for all to prepare for whats ahead.
Please be aware that astrology is what it is.
Whether you agree with it or not that's for you to decide.
At least you know, so when it happens you can't say you had no idea of it.


As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
  

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