Sunday, February 10, 2019

Dollar Swissy

Consolidating at highs. If you're of the mindset that the dollar weakens going forward, this is one worth keeping an eye on. I'll be watching it going forward but at least for now there is no trade here for me

Weekend Breadth Update

Breadth headed in the wrong direction last week. The risk proxy and McClellan both softened.

The equal weight Global ETF AD line also pulled back

ields spreads also did what you'd expect

Shorts Last Week

Short positions currently red. Short NQ on Monday. Friday closed above my entry *unhappy face*. Stop is now set at last weeks high.

Sysco punched me but at least this one was defined risk.

New Podcast Find - Top Traders Unplugged

Top Traders Unplugged is first podcast I've seen that is strictly for the managed futures space. It's different enough from the others that I have taken a shining to it recently. You can check it out on iPodcasts or whatever Apple calls that.

Saturday, February 2, 2019

Currencies I'm Watching for Week of February 4th

I am not trading currencies but have been watching them some. I think there are some trends that are long in the tooth and worth looking at for their potential RR.

First up is the Peso. South America has been handling this recent pullback in equities well, the currencies appear to be helping

Those hosers up in Canadia are looking pretty swol. Canadian Dollar doing well recently against the Swissy and Buck

I know I've been Pounding (C wut I did ther) the table to be long the Pound. Gold > Sterling for now, methinks. Pound looks unattractive against South African Rand.

February 2nd - Consolidation Ahead

ES looks price and volatility diverged a bit last week. Breadth measurements are middling. I'm expecting a flat to downish this week. A retest of the flag ES broke out of last week seems reasonable. I might look to add on that retest.

The equal weighted global AD line looks decent. Advantage rest of world.

Bonds have not ripped like stocks since Christmas. Not encouraging but we do having slightly higher yields so at least things are going to right way

Sunday, January 20, 2019

On The Pound

 A few daily charts of GBP pairs. Consolidating the most recent fall, looks to be working on a bottom.  Despite it not having a confirmed up trend against USD yet, I have a long position in 6B because I like the RR with a stop at all time lows.