The Surf Report

Status
Not open for further replies.
I don't think we will get a large drop, as soon as earnings season is over, the market will shrug this off and proceed to move higher on a low relative strength divergent basis.

There is chance in the fall, for a climactic downward move, but even then the probability is low. We are in a long term bull run, the profits though on some companies arent great, on others they are pretty decent.

The recent tech resurgence, is a new trend in the market, since SP500 is playing around with highs, the moves in Naz look to be gained without notice.

The FED needs room to move, and ease. The are ways the market can make this possible:

1) equity market crash
2) weak economic numbers
3) market unwinding liquidity on its own

A combination of 2+3, will give room for the FED to ease. The BLS will come out with weak numbers. And you should look for this trend.
 
actually, I tagged along, having been buying OTM puts late spring, only to have them wasted. . . so this time I took my account 50% in Dow Pro Shares ultra short, and closed out my 401K into cash at the beginning of July. . .

What i actually find more interesting is the inability of some of your critics to see your change in style of trading over the years, and how they impose their trading style upon your posted results. . . making assumptions about your position size, etc, to bolster their own trading against an ET benchmark. . .

anyway, I am surprized that my password still works, and someday, I will tell you about the forecasting system that i just programmed and installed, works like a champ. . . only its for a $2 Billion construction company. . . the forecasting systems here are much more accurate than in your world. . . .

thanks for the leadership

sportsguy

:D :cool: :p :cool: :cool: :cool:
 
Quote from sportsguy:

actually, I tagged along, having been buying OTM puts late spring, only to have them wasted. . . so this time I took my account 50% in Dow Pro Shares ultra short, and closed out my 401K into cash at the beginning of July. . .

What i actually find more interesting is the inability of some of your critics to see your change in style of trading over the years, and how they impose their trading style upon your posted results. . . making assumptions about your position size, etc, to bolster their own trading against an ET benchmark. . .

anyway, I am surprized that my password still works, and someday, I will tell you about the forecasting system that i just programmed and installed, works like a champ. . . only its for a $2 Billion construction company. . . the forecasting systems here are much more accurate than in your world. . . .

thanks for the leadership

sportsguy

:D :cool: :p :cool: :cool: :cool:
More...


thanks, sportsguy. it's nice to hear from you- been a long time--happy things are well, stay in touch

surf
 
continuing to hold the YM shorts into thursday. this action from mid june is indicative of medium term top based on all of our research and knowledge.

bailed on the eur/usd shorts a little too early as the dollar gains strength today. stepping in here LONG @ 1.3714 believe the dollar strength is temporary shorting dollar, LONG pair.

entering long USD/CAD 1.0406 looks like this one is going up here.


maintaining CROX short.

best wishes,

surf
 
Quote from marketsurfer:

cool. can you recomend an exotic dealer for retail?

thanks
More...

For index or fx? Oanda is great for fx touch markets. BoM is closed to the US.
 
Quote from marketsurfer:

..
bailed on the eur/usd shorts a little too early as the dollar gains strength today. stepping in here LONG @ 1.3714 believe the dollar strength is temporary shorting dollar, LONG pair.

entering long USD/CAD 1.0406 looks like this one is going up here.

..
surf
More...
so you neutral on USD since you short USD on the EUR/USD and long USD on the USD/CAD?
 
Status
Not open for further replies.
Back
Top