Presidential Election Risk Management

Whether you are a died in the wool Republican or Democrat really doesn’t matter to the markets. On September 5th the McCain contract broke above a CUP AND HANDLE formation (point 1 on the chart below) and I suggested that the trend was “innocent til proven guilty.” Eleven days later I posted […]

By |October 15th, 2008|Education, General Blogs|Comments Off on Presidential Election Risk Management

McCain Contract up 25%

since THIS POST about breaking past the cup and handle. I would lock in partial profits if long and raise the stop on the balance to protect profits. Regardless of what market you trade, it is all about RISK MANAGEMENT! Emotions have no place in the business of speculation.while the support near […]

By |September 16th, 2008|General Blogs|Comments Off on McCain Contract up 25%

McCain Breaks Cup & Handle

The McCain Presidency contract broke above the 20 & 50 day MA’s in early August and has held the gains nicely. Since the beginning of August there has been a nice pattern of higher highs and higher lows. With a rising 50 DMA, this market remains “innocent til proven guilty”. Notice the […]

By |September 5th, 2008|General Blogs|Comments Off on McCain Breaks Cup & Handle