Today's Ideas:

    IMPORTANT : Below is what we're looking at currently, but pay attention to our UPDATES on the side of each page for actual entry/exit times and prices. Refresh pages often! You will witness our winners AND losers; something that is rare in our business.    TO VERIFY ACTUAL PRICES AND TIMES, PLEASE CLICK ON  A TICKER ENTRY TO THE RIGHT.  ALL TRADES, WHEN THEY OCCURED, ARE VIEWABLE.  Whenever possible, we have included the ETF symbol for those who are not experienced trading futures, etc.

    Friday, August 22, 2008

    Moving ahead

    So far, I'm content with what's on my plate. I booked profits on Corn futures yesterday, and initiated a short position in Treasury bonds, while "managing" my long gold trade. I don't expect the bonds to pay off immediately, and plan to take advantage of signals to add. Gold and other commodities could easily pull back for a few days, and that might provide a window to re-enter. In any case, today (Friday) should be quiet, and I prefer to get "heavy" early next week, rather than right before the weekend. With August almost behind us, I look forward to some significant opportunities in September, which is always one of my better months.

    By now, readers can tell I'm more of a "top down" trader, than "bottom up". This is a direct result of my belief that all asset classes affect each other, so the overall story has to make sense before I hone in on a specific idea. Considering the short holding times of a typical trader, it's far more important what tune the markets in general are singing. In my experience, even crappy stocks will rise in a strong market and vice versa, so be sure to have a feel for the markets in general.

    Today will be relatively quiet, with minor adjustments to positions. Get ready for September!


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