Wednesday, September 3, 2008
RedDirt's Weekly Update
Looks like the the MOOSE has finally made a switch!!! William Dirlam warned that all the green horned moose followers should take a step back and read the Art of the Switch. I couldn't agree more. The uptrend in bonds seems somewhat suspect to say the least. Mostly due to the fall in commodities and the lack of performance in equities, somehow the bond market is drawing some attention. Volume for the TLT is my big hang-up. Not very convincing for a great trade. But, I won't argue with the Moose diagnostics when it comes to money flows to certain asset classes. Bill's program, experience and record speak for themselves. So, WHO the hell am I to question this switch. My job is to figure out the WHEN and the WHERE to place an order to take advantage of this MOOSECALL. Is it really worth the time to to consider a trade? Maybe so, with the FED CHECK at Stand Pat and commodities trending down, could the World be taking notice that the good faith of America to pay interest on this enormous debt be real.Maybe we should take a look at the YIELD CURVE and observe the steepness of that curve to help deduce the amplitude of just what could be about to occur. Could a flattening be about to happen from the steep angle we currently see. Maybe it's a good time to look at John Murphy's Intermarket PerfChart. Murphy explains the Inverse and Positive relationships between the four majors, Stocks,Bonds,Commodities and Cash. This should help in determining an entry point to the MooseCall. Be Patient. Take some time to study the relationships amongst the 4.
Thanks for stopping by and as long as you're here, click around at the links to the left sidebar for more free info on the markets!
Just incase you have some time for extra study this week. Read this STORY to catch some insight to what the "f" is going on here in the good ol' USA.
Labels: commodities, decisionmoose, technical analysis, weekly update
Saturday, July 26, 2008
RedDirt's Weekly Update
This is going to be the shortest weekly update ever. Over the next month or 2 I will be building a position in a certain ETF. The symbol will be RPG. Just take a look at this CHART and you will see why growth is the choice over value.1) Commodities are falling off a cliff. 2)The $USD is gaining some solid footing and 3)all those dollars T. Boone talks about going to the MiddleEast are now looking for a parking place. The shorts will be running for the exits and this market is going higher over the next 6 months. RPG long term trade.
Looks like the Moose got bought out buy Chuck Schwab. Check out the new digs HERE.
Labels: commodities, decisionmoose, technical analysis, weekly update
Friday, May 16, 2008
Fill the Gap
I'm watching this gap closely. If this Nasdaq100 Chart happened to be a nearby cotton chart every old- timer cotton trader eyes would be looking to see if the market closes above or below this gap and what kind of volume took place for that trading day. I know you are all saying the $NDX gaps all the time. Well, this one is more significant due to the fact this gap was left the day the $NDX closed below the "all important" 200 day sma. For those who looked at the cotton chart will swear, cotton is headed back to 87 cents.Labels: commodities, Nasdaq 100, technical analysis
Friday, February 22, 2008
Catch the Moose
RedDirtTrader is not sure how many trader's follow the DECISIONMOOSE, I just recently began following the trading program myself. I've added the MOOSECHARTS to my public chartslist @ Stockcharts.com . Also, RedDirtTrader built a MoosePerfchart to help track the 8 ETF's that are used. The most recent Moosignal was to switch from cash to GOLD back on 11/23/2007 @ $81.25.... It closed at $93.25 yesterday.
That's over 14% gain compared to the S&P 500 being down more than 7% over the same time period. Nice call Bill ! Although I didn't get to profit from the most recent call due to the fact that one of the rules is to not enter a trade until a switch is signaled. But, it was very tempting, when GLD bounced of the trading band on the daily chart. Something tells me to keep following this system for awhile.
Labels: commodities, decisionmoose, technical analysis
Sunday, February 10, 2008
The Brokers Grain Pain
With Hard Red Spring Wheat limit up thirteen of the past sixteen days and Chicago and KC wheat limit up everyday last week, how are the brokers making anything from commissions? Answer is they're NOT. So here's the fix for that problem. PRICE LIMITS will be raised from 30 cents/bushel to 60 cents/bushel. That's an increase from $1500 per contract to $3000. I'm sure if this doesn't work the flood gate is now open and they'll just keep raising the limit moves until some actual trades can take place.
Labels: commodities
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