SOLF

SOLF now officially a teenager!!!!!! $19.61 here was $25 two days ago when i recommended short. 20% profit in 2 days not bad at all.

Covering trade here +4 points.
9 point profit on the ES futures today. Was pretty fast

Trade triggered

ES short triggered @1379 using a 2 point stop here.

Market Trade

Nice 5 point profit there in the ES futures in the first 10 minutes of trading. Now i will be looking for a high probability trade as I am in profit protection mode. The best probability trade would be a trade to the ORB and short there.
Numbers are short ES @1379. If we dont trade towards that then i am done for the day. If you take it use a 2 point stop so at least 3 point profit is locked in for the day

Nice- Target hit

1388.5 here nice 5 point profit in 10 minutes here on that ES call.

Morning Trade

Futures traders watch the 1383.50 level on the high side if we break thru we could head to 1387 on the ES

Intel Disappoints

Well just to let everyone know I dont have inside information :). Wow I was dead on with that Intel call of lower margins. Intel is being punished as I write this pre market. Intel's failure to meet earnings and revenue forecast for the fourth quarter is not sitting well with tech investors. Intel is down 15% pre market to $19.85 and I wouldn't be surprised is Intel sees $15 this year.
This morning might be a very rough day for the markets, Overseas markets are down nearly 5%.
I guess i was wrong and right over my APPLE call in december. I noted the first week of Decemeber that Apple should trade back to $165 by end of december but i missed it by 2 weeks. I am still confident that the gambling stock will head alot lower and SOLF will be a $15 here soon, very soon.
Very rough market to trade in years here but if you on the right side you can make trades very profitable. I am still expecting a washout capitulation and a decent bounce as we are oversold with TRIN reading ending over 3 in a number of session since the start of the year.

Good luck