itrade4real.com

 

     

    Today's Ideas:
    for afternoon of Mon. April 7, 2008

    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.

    Position Update: 

    Chart

      We continue to look for an entry to short stocks, and today we were able to nibble and get 1 unit SRS. Although we like the current levels, that is just one part of the equation, the other and more important being direction. As we have said here before, it feels as though stocks might have seen the worst in the short run. This doesn't mean we'll be trading stocks long (against the trend), but rather that we'll just be patient and selective as we look to short. As always, we are looking to add to our current positions at opportune times. Tomorrow might provide the window we need to get involved more heavily. Look to the same names we've mentioned the last 2 weeks. All the strong opinions ("bottom is in" vs. "much more to go in this bear") will cause many crosscurrents, so we are waiting for prices to get stretched on both sides before any action. This gives us the best risk/reward trades.

    Commodities marched higher today, with the exception of Wheat and Corn. The trend in all "hard assets" continues to be higher, and Phil Flynn of Alaron says "we're seeing the funds jump in and buy commodities." Expect this type of behavior to continue, and stay with the trend. We'll jump on board as opportunities present, as we did the last 2 weeks.

    Position update as of 3:06 pm:

    Bought 1 unit SRS at $87.26

    Long 1 unit WEAT etf on the LSE ($4.8450)

    Long 1.25 units Coffee etf on the LSE ($3.26)

    Long 1/2 unit Cotton etf on the LSE ($2.64)

    Trading Accounts equity < 3.6% from all time highs

     

    For previous posts visit the archives.

     

     

    This site is for instructional purposes only, and is not to be construed as investment advice.

    itrade4real.com | Disclaimer | Contact Us | ©2007-2008 itrade4real.com. All rights reserved.