Crossroads

These last two weeks feels like a change in trend is coming.  My signals are firing and failing, and I must step down in time frames to squeeze out profits.  From a macro perspective it seems to make sense, the heroin from the FED is slowly drying up, and the Fed to SPY ratio says that SPY already hit the theoretical price that the final Fed Balance sheet will reach.

Volatility has refused to go down, and the dollar is up, which informs me that big money is getting defensive and this takes another funding source away from the index algos.

Small caps and commodities are struggling, and gold, silver, and miners are trying to reestablish themselves but no big moves so far.

If the dollar breaks out, it looks like TLT, FXI, and EWJ all look like macro buys, and I will call out calls on dips.  I will also focus on TNA puts.  The metals and miners are all in the handle stage of cups, and are moving up, so will be buying dips with calls.

For volatility, I am going to be a bit of Sybill.  I am going to play with spreads on both, and manage the sold legs to profit both ways.

So those that subscribe, I will be very focused. FXI, EWJ, VXX, UVXY, TNA, GLD, SLW, and GDX. We will trade these a little faster than normal as the market, in my view will try to shake out positions more frequently.  Monday before the open, I will tweet out my current positions, and the trades expected to signal that day.

www.realtimetradingsignals.com  is my paid site.

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Biotech Swings

Last week I featured metals and miners, and those trades worked out well.  I exited my NUGT, and rolled up my GLD and SLW calls.  Miners look set to take a breather here.

I also have been interested and invested in some Biotech plays, mostly situational, but that caused me to run some scans in this space.  I am glad I did.  There are a number of good buy set ups, and I share them with you below.  There are some doubles in here. Not listed, but my favorite; MNKD

Enjoy.  Please click to enlarge, and go to www.realtimetradingsignals.com to subscribe.

Be a Lover, Not a Fighter

Right now we are all on top watch, but even though the taper is in full swing, and POMO is only going to be three days a week in July, the charts sure don’t look like a top to me. Both SPY and QQQ’s went back in buy mode for me this week, so I don’t feel like being a hero trying to catch a reversal, but looking to follow what the market is starting to recognize, and buy; basic materials.

I have been long gold and Silver Wheaton, and will remain so, and I posted a buy signal on NUGT on Thursday, and now I want to share some stocks that have high short interest (above 10), and are a buy now or hit my buy screen on Thursday and Friday. It is a good mix, and you will find some gems in here. Good trading.

Please click on Charts to enlarge.

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