Today's Ideas:
    for morning of Thurs. Jan. 10, 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 as of 11:24 am:

    Long 4 units SB (Sugar avg. price .10701)


       As tempting as it is to get long, we still must follow our system and have concrete signals. Our guess is we could strengthen from here, but we are not going to be on board until the risk/reward is in our favor. If the indexes firm up more, we'll still have plenty of time to get long for awhile.

    Conversely, the stock indexes have been very weak in the big picture, so definitely will not chase. In rising markets we have signals that buy strength, but as the averages roll over, we ONLY buy weakness. In short, the wind can come out of the sails very quickly on up moves, and this can keep a lid on things. That said, our system is only looking to buy dips short term, not sell rallies.

    Sugar is holding firm at lower levels. This is our long term play, and it appears we won't have to sell because it came too far too fast. Instead, if it can hold and drift around here, we'll be able to get another buy signal and increase our position. So far, this trade is working out very well. We're also looking at the CAD futures (FXC etf), ZB (bond futures), FXI etf (China), and OIH etf (Oil Services) for potential setups the next few days. Be weary of the fact that all the past market leaders (ie. AAPL, Oil futures etc.) are the weakest areas today. This is just rotation, and makes stock indices look stronger than they are as a result of the most beaten down groups (XHB, XBD) find bids.

    Take care and keep your powder dry for the great signals...they are right around the bend!

    We encourage any questions and comments on how to improve our site, and hope you find it useful.  This is a great business, but the learning curve can really take awhile as most successful traders don't have any reason to share ideas.  This site is our way of giving back to the trading arenas, in the name of the few mentors we found that helped us along the way.  Good luck.

    We don't always have the time to explain the reasoning for trades, but they are often a combination of technical, fundamental, and "gut feel".  Pay attention, have fun, and make money!

    For previous posts visit the archives.



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