tag:blogger.com,1999:blog-6969366797834293153.post6402669831269220919..comments2023-10-28T01:56:57.243-07:00Comments on Trading Topics: 7/6/17 Can't Find My Way Home-> All Positions Off!MarkWhttp://www.blogger.com/profile/10115276845896649502noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6969366797834293153.post-37881696182207752012017-07-11T12:19:38.267-07:002017-07-11T12:19:38.267-07:00new postnew post2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-83628765247974603662017-07-11T09:44:01.232-07:002017-07-11T09:44:01.232-07:00EMES seems to have put in a bottom on July 7, whic...EMES seems to have put in a bottom on July 7, which is a double bottom relative to mid-June. The XES chart confirms this. I've been waiting patiently to add to my oil positions until charts start to indicate that the bottom might be in, and now they might be saying that. Just added more EMES at 8.44 with a mental stop at 8.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-40809939563120985572017-07-11T06:37:11.902-07:002017-07-11T06:37:11.902-07:00As always, I will point out when I'm wrong. S...As always, I will point out when I'm wrong. Since July 6, markets have remained in a holding pattern, with bears unable to generate any sustained downside action. What now? That's a good question!<br /><br />It's never easy. Asia rallied overnight (the Hang Seng by +1.58%, in contrast to a -0.3% decline in Shanghai). On the other hand, European stocks are selling off this morning. Oil is off -1%, and US futures are slightly negative.<br /><br />Momentum is a strong force, and betting that a trend continues for longer than seems possible can pay off well. I continue to think a significant decline is around the corner, but I've been wrong so far. My trading plan? Doing nothing for now. 2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-20429843903227412192017-07-06T23:27:25.053-07:002017-07-06T23:27:25.053-07:00Interesting. EEM really hasn't done much but ...Interesting. EEM really hasn't done much but consolidate the gains. Seems like more upside is in store but who knows. Anonymoushttps://www.blogger.com/profile/17281607071690922074noreply@blogger.com