|
 |
| |
0 Buys
0 Sells
Wednesday was an active day for us as we appeared on the Gabriel Wisdom Show and got long both the Mini Russell at 840, as well as August Gold at 670.60. As of this writing these positions are seeing some overnight buying, however, I think the Mini Russell is going to make an attempt back to the downside to 840 again, so while my upside target is 850, there is a component of the position I will be trading around and improving my cost basis. On the gold front, I think gold is so close to launching itself on a $70 rally, back to 750 an ounce and just leaving people behind who aren't paying attention to it. Listed below are the points of control for trading on Thursday June 4, 2007. If the market trades above these levels, then the bulls are in control and opportunities to buy weakness should be used, if the market is trading below these levels, then look for spots to get short...
I will be discussing strategies for trading inflection points at the upcoming Traders Expo in San Diego on June 20-23. Click here to learn more
Market Price Symbol on CQG
Dow Jones Futures - 13,445 ( YM M7)
S and P 500 Futures - 1,519. (EP M7)
Nasdaq 100 Futures - 1,912 (ENQ M7)
Mini Russell 2000 - 840 (ER2 M7)
Dax Futures - 7,800 (DD M7)
Gold Aug contract 670.00 (ZO Q7)
Silver July Contract 13.55 (ZI N7)
Crude Light July 65.25 (NQM N7)
HUI ( Gold Bugs Index) 335
EuroFX 134.85 (EU6 M7)
Best of luck in the markets
John Netto
Log In or Join Trader Interviews for free to comment on this idea.
|
|
|
|
|
