Comments on: Monday’s Trading – 12/14/09

By: K

Tue, 15 Dec 2009 04:46:12 +0000

TED is still being uneventful these 3MA’s im watching are really knocking it down. once i see a nice break i’m going to have some Vixxen fun

By: Mitch

Mitch — Tue, 15 Dec 2009 04:29:56 +0000

Larry,

Yes, I remember that! I joked and asked you were you drinking it back then!

By: 2thfixr

2thfixr — Tue, 15 Dec 2009 04:21:22 +0000

George, I’m with you…I’ve hugged an inverse and looking for 1086 or less by week’s end. Let’s get there and make some $$$$.

UUP has broken out of the wave 3 channel (just barely), so a continued move up closer to $23 should cement that downward move. GLD has Fib support at $106.88 from the move up starting at $96.77. If the dollar/UUP continues to strengthen, I’d look for GLD at $107 and SPY at $109 (and I’d prefer less).

By: K

Tue, 15 Dec 2009 04:19:05 +0000

larry. what’s your current weight? last i remember 80 cash 20 short?

By: K

Tue, 15 Dec 2009 04:15:32 +0000

haha ohh good. i thought i was making bad examples and you got tired of it.

By: Mitch

Mitch — Tue, 15 Dec 2009 04:09:29 +0000

It just cracks me up. I noticed the Aussie dollar under pressure again – although it found support. The problem as I see it with AUD is it ran 30% and now it’s not seen as the currency on the rise. Like gold, when the momentum is over they have to fend for themselves.

By: Larry

Larry — Tue, 15 Dec 2009 04:08:31 +0000

Baltic Dry

http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND

By: Larry

Larry — Tue, 15 Dec 2009 04:06:13 +0000

Remember the Vietnamese drank snake blood to get the market up again? They might begin to start preparing round 2 soon.

http://www.bloomberg.com/apps/cbuilder?ticker1=VNINDEX%3AIND

By: K

Tue, 15 Dec 2009 03:50:41 +0000

night George

By: George

George — Tue, 15 Dec 2009 03:50:24 +0000

Well, I’m going to bed early so I can see which way SPY breaks out!