With Today’s Yen Signal, This is How I’m Looking At Longs.
Yes, it’s monthly options expiration, and in theory, things should be choppy, but it doesn’t pay to ignore the yen when it is trying to tell us to be careful.
Yes, it’s monthly options expiration, and in theory, things should be choppy, but it doesn’t pay to ignore the yen when it is trying to tell us to be careful.
We are still actively managing a number of open winners into tomorrow’s hot zones, but that doesn’t mean there aren’t new entries to consider. Here’s what’s on my radar. The Spreadsheet of Trades The tabs at the bottom of the spreadsheet will allow you to see the Futures and Forex setups.
As we head into monthly expiration, the indexes are catching their breath while the money flow into and out of sectors is keeping the volatility alive. How to play it? It all depends on your personal trading goals.
Monthly expiration is here, and as much as I love trading short-term expirations, I think there’s something to be said for extending the duration of your trade. Let’s compare a few examples with names like FB, NFLX and IBM.
The Euro, Pound, Yen, and Dollar are in play, and that makes for potential setups as Draghi, Carney, Kuroda, and Yellen take the mic. Here are the setups I have in mind, as well as how I am managing copper, and aggressive entries in energies. Neil Yeager’s weekly update. The Spreadsheet of Trades The tabs … Read more
Thursday’s tax reform tantrum showed how a well-placed limit order at exhaustive levels can trigger a trade in a trend with a very favorable risk/reward ration. Here are the other markets I am setting this trade up in and the levels to consider. The Spreadsheet of Trades The tabs at the bottom of the spreadsheet … Read more
Stocks saw a fair amount of volatility on Thursday, but were able to drag themselves higher to round out the week. There’s a few spots that are working great for me, a few we needed to peel out of and adjust, and a batch of new tickers to look at as we head into November … Read more
We are selling Yen. Why? Because we are long and are sticking with the uptrend in equities. Heck, I even got long PCLN intraday today. The JPY weakness will continue as long as there is risk appetite. We are using a more aggressive approach to these trends and I am also looking to do the … Read more
Today’s action in stocks had the volume, but lacked the correlated confirmations. This has been typical action the Thursday before monthly expiration. Let’s take a look.
On the one hand, the markets may seem stretched at this point. But what if …?