Trading today - where will it go, page-32

Not to rain on the parade on what is a breakthrough day after a long down period, but one should always remember you never go broke taking a profit.

For those that need lessons, review the Cheniere trading patterns after their first announcement and you will see the continued movement in the share price that will allow excellent entry points outside of the huge 15 to 20% moves on days like today.

I like many took some profits on some longer term holdings and will watch closely for another price decline to add to my blocks on LNGLY which hit some huge levels today considering the Jan lows and US dollar strength that now exists. Last time this stock was reaching these levels in the US, Aussie dollar was much stronger and the US Fed wasn't mentioning rate hikes which will bring an even stronger US dollar in the future for US holders. Stronger US dollar will hold the oil price in check which in turn should keep a lid on the Natural gas prices into 2016.

Congrads to all those that have been here for so long and the future of $10 to $15 remains in tack in 18 months assuming the market provides the backdrop but just remember that the US summer trading season is just 8 weeks away. Sell in May and go away still exists and the Fed meeting/EU meetings/China rate cuts are just around the corner to give us a clear direction of the market until the Fall season and earnings.