May 17
What a week this has been. What a month, what a year. This continues to be a great period for trend followers. Every day price just makes a nonsense of price targets and fundamental rationalizations. None of them matter. Price is the final arbiter of everything you do as a trader. This week we added a …
May 13
Sterling followed through on last week’s weakness, breaking both previous pivot support and an ascending trendline from the March low. That’s triggered our exit which we executed at tonight’s open for a loss of $1,593.75 per contract, leaving us with 6 open positions: LONG S&P, Nasdaq, and SHORT 30yr, 10yr, Yen, Gold. Long Sterling ($6B_F) 5/2 …
May 11
We have two changes to our futures portfolio after Friday’s session. We will be shorting both the 30 year ($ZB_F) and 10 year ($ZN_F) at Sunday night’s open. There were no other changes to our portfolio during the week, so going into Monday we’ll have 7 open positions: LONG S&P, Nasdaq, Sterling, and SHORT 30yr, 10yr, Yen, …
May 05
Before we get started on this week’s review, let me clarify something about the signals this system generates. When this system generates a buy or sell signal, or just as importantly when it has no signal at all, it does NOT reflect a top-down view or stance on that market. We do not use it …
May 02
Crude Oil continues to kick us around as it has done all year. I often say that in trend following one of the hardest parts is the feeling you are always shorting at the bottom or buying at the top, and sometimes you can do exactly that. I’ve also readily pointed out the prospect of …
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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