Sunday, May 27, 2012

My thoughts for the week ahead

The market did what I expected overall (review last weeks post), with a early week swoon and recovery in metals and miners that knocked me out of some positions. Below I attached the current trades and those I closed this week.  Overall I am happy with my performance.

I am again neutral on SPY with condors at 135/137 and 128/126, I am expecting that bear flag channel to break and I will buy puts.

Gold and the gold and silver miners look good and I am long miner positions and went long GLD calls on Friday.  Silver and Silver Wheaton still have a little work to do before I execute a buy, but I have little doubt the direction is up.

Oil is sitting on a 61.8 fib line retrace from October, and I took a stab at some bullish call spreads.  If that fib line fails, we go back to those lows and I will go short oil.  Nat Gas is pushing down a bit, but Hurricane season should give it some support.

Platinum is making higher lows and am getting interested in buying.  Coal, steel, copper, and grains are all neutral, although I am expecting JJG to start making a move.  The fertilizer stocks are waking up, as well.

Below are some charts for your review.  Remember to follow me @RTTSBasic for free market commentary and some free trades during the week.

I will update stops Monday night after I get a sense of the action in the futures markets.  The spreadsheet below are trades I tweeted.  Blue line are closed/stopped trades for the week.

Saturday, May 19, 2012

My thoughts for the week ahead

Last weeks post and guidance kept me pretty safe considering the bloodbath in the general market. I actually followed my own advice.  GLD and USO performed as expected and GDX, SLV, and SLW all reversed and I have updated my buy points below.  Oil is still dangerous, but Natural gas will be a good longer term holding.

You may know that I started a subscription service based on my trading signals, and as we have worked the administrative and execution bugs out of delivering this service and in doing so we have made some changes in process and in naming.

I am going to focus this blog as a weekend wrap-up look ahead with the major category ETF's of the stocks I focus on.  During the week I push out a free email on my thoughts on the action, some stock ideas, and general comments.  I also put out intraday comments via Twitter and an occasional complementary buy alert (so you can judge the value of my service) If you want that email and Twitter feed click on the Twitter button top right and it will tell you how to sign up.

I also have automated the feed from my charting software to Twitter that allows me to watch the market action and let my trading signals hit and get pushed out to you immediately.  This is available to my paying clients.

Finally, most people know me as BobLovesHawaii/BobLovesTrading, but as the service grows beyond people who know me, we decided to change the service name to Realtimetrading signals.  This more accurately reflects what I am trying to do.

Below are my thoughts for the week, and if you want my thoughts on my best stock picks for the week, please sign up for the Twitter feed and I will push out the email Sunday night.

Sunday, May 13, 2012

My thoughts for the Week ahead

All my comments are embedded in the charts, enjoy.  Feedback is appreciated.

Tuesday, May 8, 2012