Randolph Capital Trading Management is a web site designed with traders in mind. Here, you will find charts, commentary, video's and general idea's related to the market on whole. This site is also a record of 'some' of my trades (not all) and any interesting charts that I may come across. Enjoy.
Tuesday, June 29, 2010
Covered the other half
premature... probably - seems the Sept. futures are holding this spot - 1033.
Thanks for the note. I think you are right. I'm looking at 1058 to 1060 and then maybe 1065. 1082 would be gold, but then do you really want it there tomorrow? Whatever happens, long term feels like uncertainty bordering on ugly. Hope you are well. J
I would definitely not want it back at 1082 tomorrow, that would be scary (although the way the market has been acting lately anything is possible!).
I completely agree that longer term this is looking bad. The market might not roll over right away, but later in the year almost seems like a given to me.
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Congrats Jeff! That's a pretty awesome trade. We'll probably get a bounce tomorrow so there should be more chances to reshort again.
ReplyDeleteHey Julian,
ReplyDeleteThanks for the note. I think you are right. I'm looking at 1058 to 1060 and then maybe 1065. 1082 would be gold, but then do you really want it there tomorrow? Whatever happens, long term feels like uncertainty bordering on ugly.
Hope you are well.
J
I would definitely not want it back at 1082 tomorrow, that would be scary (although the way the market has been acting lately anything is possible!).
ReplyDeleteI completely agree that longer term this is looking bad. The market might not roll over right away, but later in the year almost seems like a given to me.