Bulls on parade today, but don’t forget the bigger picture guys!
Posted by MC on Jul 17, 2008
Still plenty of resistance ahead on the markets overall. DJI has no divergence on a weekly going into this move so perhaps the Nasdaq is leading off it’s divergence. Either way Nas has been the stronger market all the way in this bear really. In case some didn’t catch the tip on the charts…there is a nice ticker to help you spot divergence on highs and lows. ![]()
what to do…….
Posted by Cire2222 on Jun 2, 2008
Well today got pretty ugly in the stock market but there has been no technical changes. I will remain with a neutral to bearish bias for now, the nasdaq is the only index looking strong. One critical market to watch right now is the US dollar. I think the Dollar is really at a critical point and could stage a decent rally soon if we can hold up. The dollar did take a hit today but no technical damage was done. So keep an eye out on the forex market. EUR/USD would be my pair of choice with USD/JPY in 2nd both are at a low risk entry point. My only concern with the USD/JPY pair is it tends to move with the stock market and the stock market has some bearish signals.
NQ and Gold key pivot play updates
Posted by MC on May 27, 2008
Cire is out and about so I’m gonna run a quick update for him.
On the NQ play, we’re moving the remaining stop to 1 tick above high of today.
Remember this is a free trade so if you’re stop’s in you can’t screw it up period. ![]()
Gold as you know was almost stopped out, but thanks to Cires laser guided stop you made $. Target 1 was hit, we’re leaving the stop on the 2nd half where it is until further notice.
NQ key pivot play update
Posted by MC on May 21, 2008
Cire is out celebrating the kill from his call in TB chat shorting the market ![]()
So I’ll relay a quick message. On the NQ key pivot play the first target was hit.
Keep the stop where it is on second contract until further notice.
Great stuff coming from the TB camp, keep up the kick ass work guys.
So close to a Key Pivot on S&P
Posted by Cire2222 on May 19, 2008
Okay, today was a wild day no doubt. The S&P was just a couple ticks from the trigger for a key pivot play. However it did NOT give us a set up so I won’t start the S&P portfolio. The set up is ready in the nasdaq market. I will not track the nasdaq market and don’t plan on using this set up on the nas but I thought it would be fun to set up a play since the s&p got so close to a set-up. So in the Nasdaq futures This is the play I want to set up for tomorrow:
Entry trigger - Short on a move to 2008.00
Stop Loss- 2055.00
First target - 1975
second target - Open



