iBankCoin

Swing Trading with Raul3

Raul3
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

Santa Rally In Context

Raul3 Thu Dec 20, 2012 4:57pm EST 3 Comments

I continue to see a high level of caution among traders on twitter.  The wall of worry is lined with the carcasses of shorts and the volume is low.  Going into Friday, I want you to keep the weekly SPY chart in mind, and everyone’s favorite home intruder, Jolly Saint Nick.  Does this look like a chart you want to short? 

I have 14 longs, zero shorts, and 25% cash.  I want more exposure in fewer names.  Should the markets continue to rise, I will address that matter next week.  Have a holly jolly evening.

If you enjoy the content at iBankCoin, please follow us on Twitter

3 comments

  1. Rhino
    Rhino
    December 20, 2012 at 5:13 pm

    Everyone’s favorite home intruder that sees you when you’re sleeping and knows when you’re awake, hahahaha.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Mr. Cain Thaler
    Mr. Cain Thaler
    December 20, 2012 at 7:35 pm

    Hahaha

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. The Real Muppet
    The Real Muppet
    December 20, 2012 at 8:17 pm

    Tomorrow’s close = $143.25. Muppet’s guess. I think spy is goes ex dividend tomorrow which is about -$0.70 and futures are off a bit. Hope you post ES TPO’s again in the morning if there is time.

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy