Hey Jeff, on the Marketcast, Eric described the X trade as "broken" and suggested that it should have been exited on Friday at the big run up. I could see that if the trade were a swing trade, but the trend still looks good on the intermediate term. I don't see any broken support yet. Do you agree with Eric's comments on X w/r/t the "broken" trade?
Thanks Jeff. That was my view as well. Obviously, the exit depends on the rules of the trade. Seemed a bit categorical in saying it was broken and wanted to make sure I'm not missing something.
I am a professional trader and an instructor for Investools. I've had relations with the markets for 9 years. Born in Concord, CA, but reside in Saratoga Springs, Utah. Father of THREE, Husband of one.
Jeff, again great videos - THANKS! Don't know how you find the time.
Posted by Bob (and Pam) | 6/12/2007 10:08:00 AM
Hey Jeff, on the Marketcast, Eric described the X trade as "broken" and suggested that it should have been exited on Friday at the big run up. I could see that if the trade were a swing trade, but the trend still looks good on the intermediate term. I don't see any broken support yet. Do you agree with Eric's comments on X w/r/t the "broken" trade?
Andrew
Posted by Andrew | 6/12/2007 10:27:00 AM
If you are in the trade, the comments don't apply obviously. If you are not, I would agree until a better entry signal is offered.
Posted by Option Addict | 6/12/2007 10:30:00 AM
Thanks Jeff. That was my view as well. Obviously, the exit depends on the rules of the trade. Seemed a bit categorical in saying it was broken and wanted to make sure I'm not missing something.
Posted by Andrew | 6/12/2007 10:35:00 AM
To give some credit where credit is due, Brett has made some nice calls lately - I like the way SPF and IMCL are shaping up. Thanks dude.
Jeff, there are not enough hours in the day to even begin giving you your props:) Muchos gracias to you to Senor Kohler.
-Stephen
Posted by Unknown | 6/12/2007 11:24:00 AM
JCOM is setting up for a bounce, 3 - 5 points in as many weeks. Might be a little anticipatory today.
Where is everyone, this is a quiet day...?
Posted by Chip | 6/12/2007 12:51:00 PM
AMLN looks to me like a nice entry as a bear flag play today. If anyone else is seeing something different there, please let me know.
Chip, I like the looks of JCOM - but I am definately waiting for the confirmation like you mentioned. Thanks.
Stephen
Posted by Unknown | 6/12/2007 12:59:00 PM
Entered UNFI today. I looked at it yesterday, but waited on confirmation. I think in this type of market environment, I will be more conservative.
Long: BCE, AKS, MUR, SNDA
Short: UNFI, KOMG
JCOM looks good. I have it on my watchlist. AMLN is also the list, but will wait for confirmation.
Have a great day all,
amy
Posted by Amy | 6/12/2007 01:56:00 PM