Sepia Group Trading Closed Position Alert: GLD
– Price Exit: $174.50– Percent Gain/Loss on entire position: 2.99% Gain– Reason for Exit: Profit taking Will look to re-enter when it sets up again.
– Price Exit: $174.50– Percent Gain/Loss on entire position: 2.99% Gain– Reason for Exit: Profit taking Will look to re-enter when it sets up again.
– Strat Signal: 212 60 up with the 22 day in force– Price Entry: 21.74– Target: 26.34– Stop Price: 20.90
– Strat Signal: 2112 double inside 30 break with the 22 day up in force and 32 month up – Price Entry: 33.17 – Target: 35.08 – Stop Price: 31.75
US January retail sales 3.8% versus 2.1% estimate Remember inflation increases this number since it’s calculated on dollars spent
Inflation data “surprised” to the upside as Jan. PPI soared 1%, double the .5% estimate U.S. PRODUCER PRICE INFLATION RISES +9.7% Y/Y IN JANUARY; EST. +9.1% U.S. CORE PPI RISES +8.3% Y/Y IN JANUARY; EST. +7.9%
The Price Action Most of the week was inside bar, this made trading difficult unless you went to where there were natural buyers and sellers. After news from the Fed, and news from current events in Ukraine we finally got our 2-2 reversal on the… Read More »The Weekend Shift – Episode 22
– Price Exit: $89.47– Percent Gain/Loss on entire position: 1% Gain– Reason for Exit: Hit stop after taking the day down Will look to potentially re-enter if it sets up again.
Current Open Positions:– VLO +2.66%– GLD +2.09%– Totals +2.44%
– Price Trim: $92.31 – Percent Gain: 3% – Reason for Exit: Reduced position size into strength before the weekend
Sepia Group Trading opened a long position in VLO at 89.56 on a double inside day break and 2112 day up