This has been a phenomenal market for trend followers. I’ve been enjoying riding this uptrend for a while now but even I’m realizing this is starting to look easy, and that’s not a good sign. Good investing or trading is never supposed to be easy. Boring, yes. But not easy. It’s starting to remind me of …
Tag Archive: all time highs
May 11
Review Of Open Positions – Futures
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, …
Apr 15
Entering Long Alexion Pharma ($ALXN)
Today was a good day for building and reviewing watch lists. When you see that kind of market weakness it’s always a useful exercise to run through all your existing positions one by one and confirm that your entry rationales remain valid and where your risk is greatest. As I confirmed earlier, we have a lot …
Mar 29
Exiting Long JPMorgan ($JPM)
As we mentioned on Thursday prior to the close, JPMorgan ($JPM) has continued to act poorly, showing relative weakness, and breaking both moving average and price support levels, thereby triggering our stop which will see us exit at Monday’s open. JPMorgan ($JPM) +1.3%. Original 1/28 entry post here. It’s disappointing as it had looked strong taking …
Mar 28
Long IBM – ‘Big Blue’ Flashes Green
It’s interesting that after many buy signals in defensive sectors like Healthcare, Consumer Goods, and Staples, we now have $IBM, one of the biggest of blue-chip names, giving us what I believe to be a low-risk entry to a strong long-term uptrend. A quick look at the last two years on a weekly chart shows …
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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