Holiday week update

Tech problems are nagging us right now - thus no full market report this week. 

Equities look to continue their holiday ramp - barring any unforeseen geo-political events.  2200 - 2262 remains the upside target range for the S&P futures (at 2069 as this is being typed).

Crude oil started to tumble overnight after reaching as high as it could Sunday night (to suck as many buyers in and to cause as many stop-outs as possible for the shorts).  It fell to lows just a few minutes ago at $55.22.  We took profits on our DTO position on that sell-off.  We now believe crude may bounce up to either $56.00 $56.50, $56.90 or $57.28 - all of which are Fibonacci retracements of the overnight decline.  We're buying UCO in anticipation of that bounce to at least $56.

Gold looks vulnerable here and could be a "sell the rip" candidate using short gold ETFs or the mining stocks.

In the portfolio, we sold out of GILD this morning as the stock broke down technically. 

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Post-turkey update

Happy Monday!  Happy December!

We at Sea Change hope everyone had a great long weekend with family and friends!  On our end, it was lots of food, fun and football - culminating with tonight's Monday Nighter between the Fins and ...

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Potential buys

We'd love to pick up LNKD and GPRO on any dip in price today.  Great holiday holds.

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No weekend update this week

Due to travel plans this past weekend, there was / is no full market report published.

Here are some quick thoughts on the topics we normally cover in the report:

  • S&P futures at 2034.75 have key "expanding flat" resistance at ...
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Some trades on and off the books

FYI, some trades that we were not able to get on the site in the last few sessions included:

  • Short DUK at 82.18 at 1:09pm EST on 11/4
  • Short LMT at 190.73 at 3:33pm EST on 11/4
  • Long GES at ...
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Stop outs and holds heading into the weekend

Right now, in our subscription portfolio, it looks like we'll be stopped out (barring any late day reversals) of DE, AIG, MET and UTX short positions.  We'll be holding on to our shorts in CSX, BIIB, DUK and LMT.  We ...

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KUDOS - TO WHOM, THOUGH?

  • Are we to congratulate / thank the Bank of Japan for starting QE just as the FOMC ended ours?  Seems silly for them to be doing QE when their rates remain near lows.  Seems sillier for them to literally be ...
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Weekly Global Markets Report just posted!!

Check it out under the "Newsletters" tab

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Portfolio happenings this morning...

Several technical set-ups spurred trades in our portfolios this morning:

  1. Shorted INTC as it faces key resistance at $32.96 - sign up for our service to see our portfolio / trade parameters
  2. Shorted JJG in anticipation of renewed weakness in wheat ...
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End of week biases...

Given the current geo-political climate and the increased volatility we've seen in the global markets this week - including in commodities, currencies and fixed income on top of stocks - it's hard to imagine anyone wanting to go into the ...

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Excellent advice these last turbulent months...
         
Wide stop loss and small at profit taking but that's their style.
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