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Tuesday, December 02, 2008

The Right Trade:The Broker

There is a good scalping opportunity in Sugar on the long side. Tommorrow would be a good day to enter the trade. Buy in the money calls 3 months out or futures if you can handle the bigger risk factor. Remember its a short term trade and take profits quickely. This trade has a good proablitiy of working.
Another trade is shorting the eurodollar. It has way more risk then Sugar and is a long shot. Again scalp it. Buy in the money put options tommorrow 3 months out and take profits quickly
A couple of days ago I said the stock market was about to rally. The next day Bloomberg had an article saying Lazlo Birinyi said the market had bottomed. He is one of the top technical analists in the world and he thinks the worst is over. I think the market wants to go up but its waiting for more news. Unless the automobile companies are resturctured correctly(nationalized)the market may not go anywhere but down.