May has been one of the lightest cycles for me in many months with regards to my discretionary account. In fact, I’ve only put on two trades for the entire month (other than the occasional futures day trade). The first trade I put on was selling the 150/155 call spread in $CMG when the stock
The market is showing its big ugly bifurcated head today as we saw a sustained sell-off yesterday greeted by a sustained buy-in today. Just what the confused investor needs, more ambivalence manifested in a wide trading range. For those of you that trade options, the credit spreads where Theta works as an employee, are where
In comparing today’s market activity with yesterday’s you can definitely tell the difference when the market is acting in unison. For those of you that trade intraday you can definitely see the momentum if you look at the breadth and the trin. I’ve put charts up for both and you can see that there wasn’t
The 13 EMA on the broader index ($SPY) is still a road block for the bull’s journey higher. September 19 was the last time the SPYders were above the 13 EMA. The ETF was also trading at $124 a share compared to $96 a share today. Not knowing if there is a bottom in place
My History With Apple
There’s no question that Apple is a great company that continues to build products that consumers want. Some may even argue that it’s not a want, but a need. I felt a little old recently after a recent discussion with my oldest son (as you’ll see from the milestones below) and thought I’d share. It’s