HI Hobstas

Well as I write this post, I have to tell you that today is an important day, I feel that we either really hit it hard (down) or we reverse and rally like there's no tomorrow. I am rather indifferent as I am leaning into mostly cash. I have on some shorts and some longs but a slight lean short. Yesterday after I posted a h&s on the 5 minute where I said we should bounce to around 105.50 area and then head back down and I was darn close to spot on.  I added to shorts on that bounce and you saw where we ended the day. 

As of right now the futs are up which is good for bears as the 15 and 30 have reset and gives us room to go down. If we get a big down move at the open I will cover some shorts and wait for "The Bearded One" to give his spin on the economy and what they can do to fix things (yeah right LOL)

The 10 year keeps on rising and it seems to me to be short bonds here is a bit of a gamble, as with the scenario of low interest rates and the deflationary scenario at least in the short term is in play for quite some time. I tried to do a TLT short trade and jumped out yesterday break even when I felt that I was just gambling that a bonds would come down a bit (no such luck) glad I did that as by end of day I would have been down 20%!!!

I think Ms. Market is waiting to see what B.B has to say before she dresses (goes up) or undresses (goes down)  The charts still give me a bearish signal and the Hindy Omen is still in place, although no new triggers went off yesterday.

Hang tight trade well and  peace to all 

Oh by the way we have a brand new Lounge Platform with email alerts coming and different alerts when I enter a trade/close.

Also we will be offering some specials for new subcribers soon so stay tuned.  

hugs Anna

Morning Gang!

As I type this durable good orders out ex defense .03 July and versus June 0.2,  ex transportation  3.8% for July,   As I mentioned in the Lounge yesterday where we reloaded on shorts after a huge % up day, we have not see the flush out day, this is a control move downward and is not over yet!! We need a little bit of panic or like in 2009 we can remain oversold for quite some time, now when the shorts start to take profits, the rally should be rather strong so be prepared for that!

We broke support at the 1050 close yesterday which gave me even more confidence that we should go lower. I have 1042 ES as another support area. Where do I see this ending.. I think 1020 or even 1000 is quite doable in the short term. 

Now I am still long Gold,  but only for the short term this puppy is screaming for a correction and don't want to be caught long when it does. I still think 1300 is a good target, but that's not far from here. 

Long Silver since yesterday so far looks good.

I have a date in mind today the 25th as the possible flush out :)

GLTA Peace Love Kindness

Anna