SOLD AMCC $9.17
SOLD TZA $13.56
SOLD YRI.TO $11.07
BUY REXX $6.77
Markets continue to trade in a fairly neutral range, testing some of the August highs today. Upside momentum seems to be slowing down as we near these highs so caution should be taken. Will be watching to see if these resilient markets can take out the previous highs or will this be a double top as a correction begins? I'm on 40% cash right now waiting for good opportunities and trading short term positions.
USD/CAD Short, +51% YTD!
The USD/CAD is trying desperately to hold these levels before falling lower, which inevitably it will in due time. I have been doing great on the short side of this trade since the beginning of the year and will continue to fade any countertrend rallies or further breakdowns.
I sold YRI.TO as gold hits this $1000 resistance and cannot seem to break above it. Will look to re-enter some gold positions on a minor pullback and on any signs of US$ weakness, as these trade inversely with each other.
REXX broke out today of a pennant with good volume and this energy related stock is in the right sector as energy shows strength.
SOLD TZA $13.56
SOLD YRI.TO $11.07
BUY REXX $6.77
Markets continue to trade in a fairly neutral range, testing some of the August highs today. Upside momentum seems to be slowing down as we near these highs so caution should be taken. Will be watching to see if these resilient markets can take out the previous highs or will this be a double top as a correction begins? I'm on 40% cash right now waiting for good opportunities and trading short term positions.
USD/CAD Short, +51% YTD!
The USD/CAD is trying desperately to hold these levels before falling lower, which inevitably it will in due time. I have been doing great on the short side of this trade since the beginning of the year and will continue to fade any countertrend rallies or further breakdowns.
I sold YRI.TO as gold hits this $1000 resistance and cannot seem to break above it. Will look to re-enter some gold positions on a minor pullback and on any signs of US$ weakness, as these trade inversely with each other.
REXX broke out today of a pennant with good volume and this energy related stock is in the right sector as energy shows strength.
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