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First of all….overbought means strength and strength begets strength. Now if you don’t understand that concept then you need to study more. Daily charts are starting to see some overbought signs. If the market indexes were to blow off to the upside tomorrow. I think this may setup a pullback and possibly not right away. …

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Brazil looked like it was turning down in the last few weeks. That went for nearly every brazil stock I know and I know em all. However, this week’s price action made an abrupt swap. I don’t know if this will be lasting, but my instincts tell me that resistance will crack this time. Two …

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Took gains in everything this morning. 2x funds SPX, NDX, and RUT at the morning price. Although waiting until the end of the day would have yielded better returns, I wasn’t about to chance losing the 8-9% morning gain. I also took my gains in X calls, CENX stock, TEVA spread, and took a small …

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First what I did today was cover my shorts from yesterday real fast. If the market was not going to go down today it had to bounce the way it did. It just happens this way and I move on. I trimmed some gold exposure cutting my gains in my AU calls by half. However, …

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For this week (and possibly beyond) I have a technical macro bearish bias, but this upcoming Friday is pivotal and could change things. Today was a major shift, but Monday’s don’t count. Things can look great on Monday and then by Friday you’re totally engulfed in red candles. The following charts below include my bearish …

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