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Monthly Archives: October 2013
Monthly Archives: October 2013
After reacting calmly to the fiscal train wreck underway in Washington, DC last week, financial markets began to display a certain degree of discomfort through the first half of this week. On Monday, the US Treasury’s $35B four-week bill sale went very poorly, with the rate hitting its highest level since March 2008, triple the […]
Continue readingCrude 60-Minute Crude Oil had a harsh sell off this morning pushing a close beyond the low around the 101 area. When we see strong moves like this, there will almost always be a profit taking move higher before a continuation move back in the original direction. I am looking to buy this up short […]
Continue readingRussell Auto Trader The Russell on the FLEX Auto Trader has always been a VERY profitable strategy. It can actually rival Gold Futures at some points in terms of profitability! This past week may not have been extremely busy but it has been quite volatile. All of the trades that triggered were in and out […]
Continue reading7:30am EST Focus-Points this morning: · US Govt Shutdown begins its 11th day · White House: Obama has a good meeting with Republicans regarding a deal to extend the debt limit anywhere from 6-weeks to 1-year · Italy’s bond auction is considered a big success, confidence in the EU continues · US Banks begin their […]
Continue readingCrude 60-Minute Crude Oil is pushing lower after rejecting out of the cloud from its high at 102.27. We are currently entering into a bunch of buy zones and we also have an LC zone below us which lines up just above the wedge low. I am looking to sell long term lower overall, but […]
Continue readingCrude Auto Trader Crude Oil has always been one of our overall BEST markets that we trade, both in the FLEX and TREND Auto Traders as well as in discretionary trading. This past week has given us some VERY nice performance and continues to hold Crude Oil Futures up as one of our most profitable […]
Continue reading7:30am EST Focus-Points this morning: · The US Govt Shutdown enters into day #10 · Overnight rumors suggest a temporary debt-ceiling extension for the US is in the works · Fitch rating agency says they are confident the US will find a solution for the debt-ceiling issue · Equity markets react positively to the rumors […]
Continue readingCrude 60-Minute Crude Oil is sitting above the BMT and has yet to close below it at 103.26 or lower. If we stay above it from here I will be looking for long trades up to the wedge highs around 103.75 or so. If we do begin to break back below the BMT and CLOSE […]
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