Wednesday, 10 August 2011

No follow through today.

There will be some good trades ahead of us. For now, stay focused on cash preservation and at the same time stay opportunistic.

Tuesday, 9 August 2011

An extremely powerful short-squeeze sent markets scrambling higher into the close.



Further upside follow through tomorrow and/or for the rest of the week has the potential. Stay focused and see how the market reacts to today's super squeeze. Focus on the price action first and foremost and expect more volatility until the market stabilizes itself.

The markets may be setting up for a trade with a significant bullish edge.


In spite numerous factors suggesting near term reversal, for now, until the price action shows positive improvements focus is on capital preservation.

Friday, 5 August 2011

Last Mohicans standing.


Remember, leaders must be shot down in order to have any meaningful rally that has potential to hold.