May 24
There’s a lot of noise out there at the moment, it’s inevitable I’m afraid as volatility picks up, the signal to noise ratio drops off sharply. This blog is only 4 months old but as anyone who’s been following knows, we’ve been on this uptrend the whole way. Our futures portfolio has got on and …
May 23
We got an exit signal in $NKE tonight which we’ll execute at Friday’s open. This is another one where longer-term it still looks good, so we’ll keep an eye on it should it set up for us again, but on an intermediate-term basis it’s invalidated the risk-reward we had on our entry, having broken below …
May 23
If you happen to have shorted at the top yesterday, congratulations. You’ve managed to do what hundreds of misguided fools have been trying to do all year. I hope you made a ton of money because your odds of correctly doing that were slimmer than the Powerball winner, and he made nearly $600m. How did …
May 22
Today’s reversal and sell-off triggered exit signals in 3 of our longs:- Our two remaining utilities, Ameren ($AEE), and Sempra ($SRE), as well as Corrections Corp ($CXW). We’ll exit all three at Thursday’s open. All three are seen as high-yielding defensive names, so it seems ironic they are our first victims of market weakness. In …
May 18
Something different this week. Rather than choose a select few winners and losers with commentary I’m just going to show the charts for every single position, without commentary, because I’m not sure I really need to add anything to them. The vast majority are in strong uptrends, rising on increased volume, and you can see …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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