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    Today's Ideas:
    for morning of Fri. Feb. 1, 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.

    New Update:

      After a difficult day Thursday, we had some economic #'s come out that weren't our clearest trade setup.  Nevertheless, we were able to get long QLD (Nasdaq etf), and short 2 ZB units (bond futures).  As we type, the bonds were just covered a 10 tick profit, and we're still long the QLD.  Our indicators show that the recent strength in equities could continue through early next week, so we're forced to play the long side (or short bonds).  We'll continue to look to enter on the same side of these instruments, until we get closer to the multi-day setup on SRS and SKF long (inverse 2x etf's).  These setups, when they occur, will yield excellent profits.  For now, stick with the signals, and keep stops tighter than usual.  It's Friday, and there is no need to ruin your weekend, or buy power for next week!.

    Gold went to new highs again this morning, and all commodities (except energy) are moving higher. Nothing special of note, just that the trend continues.  We'll look to play the long side of any and all commodities in the next few weeks, and ONLY the long side.  Attempting to short commodities is a wasting game as they are all in positive trends.

    Stops saved us from potentially huge losses yesterday.  It was a perfect example of "letting the trade take us out."  No second guessing, no trying to add to positions to make it turn into a winner, just staying focused and coming in today to make $$$ all over again.  That is all we can do, and that's the best we can do.  We have some great setups on the horizon, and enough to focus on today.  Good luck.

    Position update as of 12:03 pm:

    Day traded OIH from the long side (small winner)

    Long 3 units SB (Sugar avg. price .11008)

    For previous posts visit the archives.

     

     

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