Trading to win using the Secret Code of the Illuminati

Tag archive for ‘contra trade’

ParaNoid

ParaNoid

    Caution shorts, it may be time for a slingshot trade. ———– Call me paranoid. ———— As I said in last night’s post, I expected a jam yesterday, we didn’t get it. Today that thought remained and I warned our traders of my skepticism of the short side early today. Premarket ideas scale out […]

Weathering the Storm

Weathering the Storm

It seemed like many market participants wanted short side pre market and at the open while the tape kept floating up up up. Certainly understandable. ———————– We thought the 82 was reasonable resistance, for a scalp, but didnt expect much. Why? Crooks R Us was behind the move. ———————- The squeeze trade easily targeted the […]

Kill Shorty

Kill Shorty

Imagine buying tickets to go see your favorite sports team in action, or to go see an entertainer at a concert. What if you got held up in traffic, and got there late, or missed it entirely? What value would those tickets have if you walked in with 5 minutes left in the show? It seems […]

Whiplash

Whiplash

  Timing is everything in life and in trading. The Boyz seem to be gunning the stops and squeezing both sides in a schizophrenic assault of our protective stops as well as our nerves. The market has flashed a very consitent pattern the past two days. If you have been attentive, you may have guessed correctly where the […]

Elevator Operator: Which Floor Please?

Elevator Operator: Which Floor Please?

Trampling the psyche of bulls and bears alike, the psychiatrists and mental health counselors are going to have their hands full if the volatility continues. After making an undercut new low overnight, the shorts were looking in the wrong direction all morning long. The longs maintained the onslaught through lunch, and then the contra time […]

Bull speed ahead

Bull speed ahead

The bulls took control from the 75 low overnight and never looked back. As I like to say, hindsight is my best friend. It shows me all the places to get long and short. I prefer to find the trend for the day and stick with it, until the supposed contra kicks in. That’s how […]