Yesterday was a washout as they say. So we look to charts and stock gods on the internets to find out if the selling is over. Today’s big news of course is Jobs. Was yesterday’s selling about the weak jobless claims number? I don’t think so. First we were setup in a very...
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The dollar rallies and the world catches a red flu. It looks like Europe is pre-occupied with a near bankrupt Greece and Portugal weakening the Euro. Japan’s national pride is hurt with the Toyota fiasco and China is re-evaluating based on a stronger dollar. Even Australia was hit as commodity prices sank. The question...
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The Beehive Trading System (BTS) developed by RedlionTrader is a fully automated trading system that uses an adaptive algorithm for timing entries and exits both long and short in the market. Followers can select how aggressive they wish to trade the system using either straight SPY ETFs or leveraged ETFs such as SSO...
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February has been pretty good so far. Since Friday’s close the indices are up between 2 and 3%. The NYSE has been the leader with the Russell 2000 and the Nasdaq composite trailing the pack. We should see some leadership rotation in leadership over the next couple of days. Around the world...
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Today is groundhog day and the little rodent (are groundhogs rodents?) saw his shadow so six more weeks of winter. Now to turn that into a trade.. should I go long oil and natural gas? The world: Asia Both good finishes last night. Hang Seng had a tough open and mid-day but closed...
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We are seeing signs that we may have hit bottom here. At least for a short term bounce but a retest is certainly possible and playable. First around the world: Asia The Nikkei and China’s Hang Seng both ended up green for the day. Both rallied from their days low into...
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