Low Risk & Higher Risk
October 20, 2014 There comes a point in every trade where (Hopefully) you get a low risk entry, and then as time moves forward, it becomes a little higher risk to enter, or even higher risk to just hold your current position. We may not be there yet (As I start writing, futures are up nicely) , but what I am seeing leads me to believe that the Markets MIGHT just be in a bounce and MIGHT make lower lows at some point. I looked at TONS of charts this weekend, and the reversal that most of us bought was indeed a trade-able reversal, but what Now? Lets look at MANY CHARTS and try to get an idea of what is happening. I will say that at this point , anything can happen...its not super clear, and that alone means we are at a slightly higher risk area. I can make the case that Markets could be on the way to making new highs, I can make the case that markets likely will make new lows. Actually Much of it depends on ...
(I apologize, no audio today - sore throat and cracky voice) : (
The $USD... Oct 14 - Very strong, but overdone--I was looking for a drop to the 84 area
And we have dropped as expected, but theres room for more downside I.M.O.
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And we have dropped as expected, but theres room for more downside I.M.O.
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ENERGY!
OCTOBER 16,2014 I saw so many reversals in the markets yesterday that I had to do a double take! I think the selling has exhausted and the moves upward from here can be an explosive mix of short covering and also buyers jumping back in to make some fast % gains. I want to focus mainly on ENERGY, since it was beaten down relentlessly, it may recover equally well. We all need ENERGY, right? It got ridiculously overdone... In PRE-MKT the markets are again down a lot. They are set for another GAP DOWN, but its worth watching intraday. Yesterday we gapped down and and reversed strongly, will we do that again? Is it a buying opportunity? To The Charts! (I apologize if you're short on time, This is a long report recording, you may just want to review the charts quickly on your own)
http://www.screencast.com/t/3xozpTzUwo - Right click link , then open in a new tab - look for 'download' and click it, then click "OPEN" and it should play automatically
XLE
That Extreme type of parabolic drop and sudden sharp reversal should be seen throughout the sector, lets examine several more charts ...
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That Extreme type of parabolic drop and sudden sharp reversal should be seen throughout the sector, lets examine several more charts ...
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