WOW! I have no idea where that pop just came from. I am still confused. The internals and the market were rolling over with the dollar pushing to new highs. I thought we were dead in the water and was thinking about just pulling the plug on this one when both the dollar and gold spiked at the same time. Very strange. Today is feeling very strange and I might sit out for awhile until things get back in the flow with one another.
Out @ 1077.5
Move stop to breakeven @ 1074.1
2nd target is @ 1081.5
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Advisory Warning: Johnson Capital Investments Inc. provides references and links to selected blogs and other sources of economic and market information as an educational service and does not endorse the opinions or recommendations of the blogs or other sources of information. Readers should carefully consider the opinions and analysis offered in the blogs or other information sources in the context of your analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of futures results and Johnson Capital Investments Inc. specifically advises its readers to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Johnson Capital Investments Inc. expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
High Risk Waring: Futures and foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade futures or foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with futures and foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.