Friday, June 5, 2009

Finance is red

Looks like that the SELL call triggered yesterday from the Pivot Trend System on XLF is not bad.

Expecting a sell-off towards close. Good job numbers could not help bulls hold on highs. Market is weakening with dollars bouncing hard.

I loaded some med-term short positions, like SRS July calls as advertised in Twitter.

EURUSD is breaking down hard. If you read the comments in one of my other posts this morning, you would know that I was reading EURO when pre-market was pushing up. Now I am reading it again.
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4 comments:

  1. AnonymousJune 5, 2009 at 2:03 PM

    Epic call on finance in the face of jobs numbers and a raging bull market.
    Kudos.

    ReplyDelete
  2. Pivot TrendJune 5, 2009 at 2:07 PM

    The call was in fact from the Pivot Trend System, but the system is developed by me, haha.

    ReplyDelete
  3. AnonymousJune 5, 2009 at 2:19 PM

    Maybe you should rename the trading system The Epic Call System.

    Do you plan on holding FAZ over the weekend?

    ReplyDelete
  4. Pivot TrendJune 5, 2009 at 2:26 PM

    To be clear, I have no FAZ positions. I loaded SRS instead of FAZ by following that call from the system yesterday. I will keep you updated if there is any new signal before today's close. For now, hold.

    ReplyDelete

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