Why i am getting short here

Daily ES chart.

Since the poster boy of QE (Japan) going into recession cant take this market down i am thinking it will be geopolitical. Possibly a temper tantrum from Putin over the G20 events this past weekend.

But also have to consider that the Central Banks will stop at nothing to rally this into the holiday shopping season. So looking for a dip that will settle itself before American families sit down for Turkey Day.




The best charting teacher I know:
The Morning Analysis Service by Paul Coghlan

USD/JPY – finally time for the short?

As someone said to me on twitter – It’s probably the most unpopular trade in the world.

Finally a reason to short USD/JPY. Resistance in the 116.60′s which i will be shorting for hopefully a 3-5% gain.

The daily ramp into the US open should get us there and make for good entry.

Downside could be that the 30YR looks like it’s about to take off.

Here’s chart.






The best charting teacher I know:
The Morning Analysis Service by Paul Coghlan

Finally sold out to The Man

Sorry for the lack of posts the past few weeks. I’ve been traveling and haven’t had time to post my trades/charts or respond to mail.

Ive done a deal with CoghlanCapital.com in which they will provide an interface in which my trades are posted in real time. This will be all my trades and running portfolio which is much more than i would ever have time to post here on this blog.

Those of you who know me know it isnt about money..

I’m not a salesman or marketer. Ive merely used this blog as a sounding board for things i do and leaving myself exposed for criticism has been part of a learning experience and has grown much larger in terms of traffic than i had expected..

I’ve known Paul Coghlan now for a couple years and learned quite alot from him in terms of chart trend analysis and what it has contributed to my own trading has been substantial.

They have a number of solid services that i use myself and happy to be a part of what they are doing over there.

Sometime in the next week or so the service should be added to their site.

I’ll still be posting commentary to this blog but all actual trades will be running on Paul’s site.

Once it’s released i’ll post a link here.

Will dig into emails later today.








The best charting teacher I know:
The Morning Analysis Service by Paul Coghlan

Great Documentary – Russia behind the Anti-Fracking Movement

I have been saying for the past two years that Putin’s worst nightmare is that Europe begins fracking it’s own massive gas reserves. There is a reason that Russian State media RT.com that is aimed at the west shows anti-fracking commercials every 30 minutes.

Some of the largest gas reserves in Europe are in Ukraine. ExxonMobil/RoyalDutchShell/Chevron have dumped a collective $30Billion into Ukraine in the past 18 months and fracking has now begun. Gazprom needs this gas to stay in the ground.

Hungary was ready to begin fracking their huge reserves..but then huge money showed up and some politicians got paid..then a new deal with gazprom is signed and fracking is outlawed.

Europe needs to begin fracking now to save itself.


The best charting teacher I know:
The Morning Analysis Service by Paul Coghlan