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Mikey's Short Term Trading Rules

1) Make up a list of stocks, commodities or ETF's to trade. This list should be names that have good earnings and high relative strength.
2) Monitor this list and throw out the weaker names
3) Buy only stocks or ETF's that are intermediate and daily up (green) and the market is Daily and intermediate term up (green)
4) Buy pullbacks on these stocks to the 20 and 50 day averages
Usually you get 4 to 6 20 day pullback buys and 2 or 3 50 day pullback buys in an intermediate term trend
5) More agressive traders can buy the 7 day average in the first 3 to 8 weeks of the uptrend.
6) Buy pullbacks not runups. A buy should not be easy or exciting but difficult and somewhat scary. DO NOT CHASE
7) Place stop at 5% below the buy price. Do not remove
8) Sell 3 to 5 days after the stock price takes out its most recent 2 week high with at least 15% gains
9) Uptrends that are 12 weeks or more may be ripe for a correction. The first 2 pullbacks to the 50 day are usually safe.
Intermediate term uptrends and downtrends generally last from 8 to 16 weeks with 12 weeks being the norm.
10) Shorting is a viable strategy in downtrends for experienced traders only. In general, reverse the above rules
11) Tweet Mikey @themarketshadow with questions or ideas

Tuesday, August 7, 2012

Bonds get clocked

The Fed is not buying bonds it is in the stock business now days, they are selling themalong with the dollar. , The yields on the 10 year closed at 1.63 and the 30 year closed at 2.72.  These jumps are enough to turn the daily on bonds negative. This of course, makes no sense in a bad economy. 

The Euros are getting ready to issue bonds. I would be a buy of those bonds. This whole mess is about you scratch my back ill scratch yours. There is no sovereignty they are all in it together.  Stocks are still in an uptrend.  Puts ran .62 today so the strength is getting to the shorts now. The put premium has dropped to .81 and the trin ran .79 on the close. This means that price is getting close to a limit but still has so room if it wants to go higher. I will only post the trend today.

Mikey







All Market Trends:



Commodities

Gold:                    Long Term/ Intermediate Term  Daily Trend// Short term

Silver:                  Long Term / Intermediate Term/ Daily Trend / Short term

Copper:                Long Term/ Intermediate Term/ Daily Trend / Short term

Oil:                       Long Term/ Intermediate Term/ Daily Trend / Short term

Gasoline              Long Term/ Intermediate Term/ Daily Trend/  Short term

Nat Gas:              Long Term/ Intermediate Term/ Daily Trend / Short term

CRB                     Long Term/ Intermediate Term/ Daily Trend / Short term



Bond Markets

US Bonds LT       Long Term/ Intermediate Term/ Daily Trend/ / Short term

Intl  Treas             Long Term/ Intermediate Term/ Daily Trend/ / Short term

Intl Corp               Long Term/ Intermediate Term/ Daily Trend/ / Short term

US Muni               Long Term/ Intermediate Term/ Daily Trend/ / Short term

High Yield             Long Term/ Intermediate Term/ Daily Trend/ / Short term



Currencies

Aussie  Dollar        Long Term/ Intermediate Term/ Daily Trend/ / Short term

Brit PD                  Long Term/ Intermediate Term/ Daily Trend / Short term

Euro                      Long Term/ Intermediate Term/ Daily Trend   Short term

Yen                       Long Term/ Intermediate Term/Daily Trend//  Short term

Swiss                     Long Term/ Intermediate Term/ Daily Trend / Short term

Can Dollar             Long Term/  Intermediate Term Daily Trend/  Short term

US Dollar              Long Term/ Intermediate Term/ Daily Trend / Short term



Stocks

US                       Long Term/ Intermediate Term/ Daily Trend/ / Short term

Europe                 Long Term/ Intermediate Term/ Daily Trend/ / Short term

Germany             Long Term/ Intermediate Term/ Daily Trend/ / Short term

China                  Long Term/ Intermediate Term/ Daily Trend/ / Short term

Brazil                  Long Term/ Intermediate Term/ Daily Trend/ / Short term

 India                   Long Term/ Intermediate Term/ Daily Trend/ / Short term

Emerg Mkts        Long Term/ Intermediate Term/ Daily Trend/ / Short term

Japan                  Long Term/ Intermediate Term/ Daily Trend/ / Short term
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