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"Don't trade when there aren't clear opportunities" Jesse Livermore "The only way to "get better at trading" is to practice dealing with losses, with money, with your real trading system "Rob Booker "There are old traders and there are bold traders, but there are very few old, bold traders." Ed Seykota "Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there"Bill Eckhardt

Thursday, August 18, 2016

AFTER HOURS COMMENTARY


  • Strength in small stocks and crude oil today helped keep the SPX in positive territory. The bear wedge continues to form in the SPX, so any long ideas have to have tight stops.   
  • Crude Oil continues to grind higher after climbing above its former Jun-Aug down trend-line in the vicinity of $46.00. Target probably is above 51.
  • Silver futures are down now and we are still in DSLV-  with this swing trade our entry was 19.60- looks like small ascending triangle.There is 50sma resistance at 22.18
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