Category Archives: Commentary

Happy New Year!

I think the biggest surprise to me was the outperformance of both the financials (XLF) and consumer discretionary (XLY). Comparatively speaking, the Dow (DIA) closed on the lows for the year while the Russell 2000 (IWM) and Nasdaq (QQQ) outperformed. Energy (XLE) and utilities (XLU) were crushed. Here’s a look at the 2012 VWAPs for

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Changes are afoot in ’13

It’s that time of year when people begin to reflect on the year that has passed while promising themselves (and others) that next year will be different. My advice would be to focus less on specifics and more on general aspirations. Oftentimes failure is found at the end of a precise path lined with rigid

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LOVE

This post isn’t about politics, religion, gun control or page views. It’s about love. To give some background. I have a PhD in counseling, worked in a psych unit of a children’s hospital, worked in a residential treatment center for adjudicated youth, counseled kids and their families at a private practice and have four children

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Market Perspective 12/12/12

On the 12th day of the 12th month of the 12th year of this century there are 12 trading days left. I thought it would be interesting to see where the ETFs of the major indices are trading. One of the easiest ways to do this is by dividing the price action into quarters from

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Finding your niche

I truly believe that in order for both success and longevity in the market one needs to specialize. Having a systematic approach to the markets is a proven winner. I’ve taken the time to round up some of the systems that are out there to help you decide. Enjoy! Hope: There is nothing quite like

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Change In Sentiment Via Price

SHORT TERM Taking a look at a 30-minute chart of the SPX you can see that the overall trend is down. Several levels of one-time support have given way providing the next level of support to be tested. Assuming a short-term low is in (we are entering bullish seasonality) you can see the 50% retracement

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Nervous Tick

Wednesday’s selling was more than just mom and pop worried about the fiscal cliff that they’ve been inundated with of late. In fact, if you look at this chart you can see that there has been relentless selling since the election was called Tuesday night and the cash market opened Wednesday. Perhaps THIS is the

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Thoughts On The SPY

Before reading further please consider my trading style. I sell premium in far out-of-the-money options which allows me to be less specific on technical levels. In other words, I’m not buying a put or a call that can lose value as price moves and time work against me. When you buy options the underlying needs

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Market View

I mainly focus on the SPX in my analysis as that’s what I trade. Here’s some charts that caught my eye this weekend. Keep in mind that we have the FOMC Wednesday afternoon and the bullish tendency that accompanies that day. If Monday is a down day I’d expect it to be bought up going

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October’s Option Cycle

The MLB playoffs isn’t the only wild event going on in early October. We are entering option expiration! And it’s an election year as well. Rob Hanna (@QuantEdges) over at Quantifiable Edges was nice enough to let me share the graphic below. This setup looks at buying the S&P 500 the Friday before option expiration

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