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Monday Mandarin Manufacturing Meltdown

I believe oil continues to be up in hopes that the false rumor re. a production lower is going to be in some way supported over the weekend and, in any case, that doubt is enough to maintain the bears at bay into the weekend. When nothing really happens over the weekend, we should always promote off and, again, there are still 40M barrels of Iranian crude in ships on their manner to numerous ports around the world to flood inventories for the subsequent few weeks. So I definitely do not like it lengthy but, unless it tests $34 once more – I am not going to play it brief.

Now we can set our stop at $32.50 and lock in $1,500 per contract income. We’ll be doing a Stay Futures Trading Webinar this Wednesday (1pm, EST) and, if you aren’t a Member and don’t want dwell trade ideas – we’ll have a replay accessible later in the week. During last week’s Webinar (replay accessible here), we ended the session with 2 long Dow Futures contracts (/YM) at 15,969 and we closed on Friday at 16,371 for a gain of $2,010 per contract ($4,020 on 2) – not bad for two days’ work!

Of course, it was more complicated than that as we exited, as planned, with our $250 per contract positive factors, however, after all, we updated our position pre-market, in Thursday’s submit where we went lengthy again at Dow (/YM) 15,900, Nasdaq (/NQ) four,a hundred and fifty, Russell (/TF) 1,000 and Nikkei (/NKD) 17,one hundred as well as Gasoline (/RB) at $1.0335.

– Nasdaq Futures completed Friday at four,273, up 123 factors paying $20 per level ($2,460) per contract
– Russell Futures completed Friday at 1,035, up 35 factors paying $one hundred georgia natural gas market intro promotion code per point ($three,500) per contract
– Nikkei Futures finished Friday at 17,900, up 800 factors paying $5 per point ($four,000) per contract
– Gasoline Futures completed Friday at $1.13, up zero.965 paying $420 per penny ($4,053) per contract

I additionally called Apple (AAPL) grossly undervalued at $ninety four and it shot up past $97, which is a nice 3% gain if you are into playing straight stocks however we educate our Members to fill their toolbelts with stock, options and futures plays so they could make the correct play for ANY type of market circumstances. Remember the famous Chinese language saying: “If all you might have is hammer – every drawback seems like a nail.” Lack of having the best instruments is why most traders languish in volatile markets!

Speaking of instruments, hedging is a very important instrument we train to our Members and we went bullish into the weekend as a result of we had a nice buffer from Friday’s window-dressing but now we’ll see what’s real as all we have now to this point are the weak bounces we predicted for you final Monday. If they begin to fail (see put up for those traces) we’ll be revisiting a few of our catastrophe hedges (see older posts or our Member Portfolios) and this week, we can be satisfied with nothing less than strong bounce traces (in our Futures) at:

– S&P 1,950
– Dow sixteen,550

– Nasdaq 4,340
– Russell 1,050

– Nikkei 18,200
We need to see these levels taken and held to take this rally critically but if ANY of our weak bounce traces fail – we will need to add a hedge, just like the Extremely-Quick S&P (SDS) commerce concept we discussed final Monday that made us 467% on money in 54 days into the earlier dip. There’s a tool Each trader needs to have because setting apart simply 1% of your money in a hedge like that can protect your complete portfolio against a 5% dip in the market!

Notice on our Huge Chart that the Nasdaq is over the +5% line but only the Nasdaq and S&P are over their Should Hold traces. Must Hold is the extent we Must hold to remain bullish and we need the Dow to at the least get another 254 factors by Wednesday or this can flip ugly fast. The Nasdaq has a critical test on the 20 dma at four,276 so we’ll watch that closely and the S&P is correct on the +5% line, so no slip-ups there but, then once more, Mondays are meaningless so we’ll verify in tomorrow and do the critical work.

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