Nine lives or tails?

Well, today was a lucky escape – had order just below market to sell Amazon at 75.80, it opended at 75.89 higher, didn’t even look back and closed up over 4% on the day, over the 200 day ma.  Now this appears to be an even better place to short it, but, perhaps wait a [...]

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Friday massive, back up the truck

Interesting day and week really in the markets, bear rally continues in main indices. I am reviewing short opps in internet stock Amazon and long commodities – the softs. On the commodities first – set the background – oil chart since 2000. Well, to me, it looks like a spike which could retrace to $80 [...]

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Chump change

Well, this is the first weekly update starting this week and will have a few nice sections to help me keep track of market activity without getting too close to the market action. Firstly, Apple has indeed turned lower, see 50 day ma, and Fridays action quite bearish. If it does follow through next week [...]

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Ags takedown

Today was not a good day to be long, coffee, sugar, soybeans or corn, or a few other ag commodities. Perhaps the start of a short term correction again in commodities? Fortunately I was not in the market – especially coffee which I was dubious about anyway – this sold off 5% and was down [...]

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