Chicagostock Trading

Chicagostock Trading

The 'Bull Flagging' Euro

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Since the Euro reversed its downward trend mid January by climbing above 12900 and through the downward trendline, the market has gone into a short squeeze which led the market to take out the year highs at 13085 and bump against resistance from December 13th at 13237.

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X Marks the Spot - 30 Year Bonds

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'X' marks the spot in the 30 year bond market as it squeezed through where two major trendlines crossed.  The first major trendline being the June-October lows and the trendline from  December - January highs.

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Bounce off 50% retracement- Emini SP500 Daily

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GLD Chart Update

 GLD (Daily)  12_10_2010 - 1_27_2012.jpg

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The November 2011 Gold swing short that made $46k

In November, the gold bounce from 1535-1804 was recommended to sell against.  By December gold fell back to clip the 1535 lows with a new low at 1523.9 before turning back.  This offered oppurtunity for aggressive traders to short the market and profit on the way down, along with oppurtunity for gold bugs to use the pullback as an area to defend and buy physical considering the market was $300 more just a month back.

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