sp500 emini - sp500 been a little hard to understand, it is clearer now in that daily has confirmed and weekly looks like its going to finally give a upward trend. Ill be posting summaries to verify the weekly trend and see if the emini is actually going to rally.
Position is still long and holding Friday was an excellent rally day and really not much to do as yet until i get my weekly calculations finished for levels.
Dow - well no sell off , but thankfully still holding it , this is why its important to still have expectations but follow what you see in front of you, just because you expect a sell and a buying signal opportunity comes up , follow your rules... this trade was only meant to be small , now its turning out to be a solid gain.
Still holding long position.
stoxx - Eurex - well this was a surprise , finally breaking the top here, i was very cautious here in case a sell off became the major trend.. however USA markets indicies saved the day with a great rally - still holding long
Gold - Gold was giving us a preemption for index's to rally but i don't like correlating markets, each market has to be judged on it own merit.
Sell at 917 i reduced the contract allocation due to the uncertainty and trend is till strongly up however a valid signal has come up and its always worth a shot !
Silver - Nothing really to do here , rallied again and looks great. protective stop in place
Soybeans - Yes 1000 hit and a touch over in price , taken 1/2 out and look to see levels now as to where beans can go OR another sell down. This market may get like wheat has been and track sideways but ill see what my overall levels show.
Wheat - mmh not really good , not really bad either however as i stated the wheat market is difficult at the moment. I think this market will be the 1st loss for February as it doesn't seem to be following through. time will tell
Crude oil - Sometimes the market gives you a second chance and this case it did just that, buy at 44.05 and conformed a great rally not too long rally. profit stop in and wait and see
EURUSD - forex - oh well stopped out 1.2857 , i am now flat here
GBPUSD - forex - Pound is running very nicely - 1.4807 was hit and ran through this quite well, so all long positions were closed and a reverse funny enough at 1.4807 , lets see how it performs Monday.
Some great setups today and levels have been very close , the system i use is not perfect but can give some very accurate results with profits following.
Weekend summary posting soon.
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