Buy and Sell Signals, and Other Market Perspectives Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 679.96

-1.1%

Oct 30 4:00 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (69992)	3/31/2015 5:28:20 PM
From: Joppike	4 Recommendations Recommended By FCom777 GROUND ZERO™ Hawkmoon toccodolce Read Replies (1) of 218216

The fundamentals would support a correction. As I mentioned before, the strong dollar ate into a lot of profits, this earnings season is going to be mediocre. With the dollar holding its ground (especially with the unstable situation in Europe), I don't see stocks and commodities making a big move higher for the near term. I'm still short crude DWTI. This is a short term trade (2-4 weeks). Over the longer term, I do believe crude is going to move much higher by the end of the year. At that point I will use UWTI and future spreads to profit off the move. (Disclaimer: DWTI/UWTI like all leveraged ETFs are pretty crappy if held for more than a week, only way to profit is to use very tight stops). This has been a good year so far to be trading commodities. I managed to pay off the last of my student loans a couple of weeks ago thanks to trading. Thanks GZero, FCom, fred, DD, Hawkmoon, robert, GoodGord, POKERSAM, cycle, h_ and everyone else who contributes here!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next