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 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 …
May 01
As we had indicated earlier today, we got confirmation of our first signal for a while in our futures portfolio, going long Sterling which we have executed at the open of the overnight session. We now have 6 open positions. We are Long 30yr, 10yr, Sterling, and Short Yen, Oil, and Gold. We are also close …
Apr 30
We’ll be adding a long in $ADBE at Wednesday’s open, bringing us up to 26 open positions. It’s interesting this is the first new equity position for over a month, possibly a reflection of the fact that although many of our existing ideas continue to work, we hadn’t been finding many new opportunities. Until now …
Apr 20
We had only one change to our futures portfolio this week, entering a short position in Crude Oil to bring our total open positions up to 5. We are now long 30yr, 10yr, and short Yen, Oil, Gold. Long 30yr ($ZB_F) 4/8 +$218.75 per contract Bonds closed higher on the week after a very strong follow-through …
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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