Breadth Is Suspect
I've been trading long enough to know better than to step in front of a moving truck and right now the market has the momentum of a Mac. However, there…
I've been trading long enough to know better than to step in front of a moving truck and right now the market has the momentum of a Mac. However, there…
Quick post to share something from research I'm conducting. I'm delving into the weekly options in $SPX and one of the areas I wanted to look at was gaps. Below…
A very common theme I've seen lately in talking with new traders is that they tend to lose sight of their focus. We all remember why we got into the…
Monday is more than the first day of the week--it is a pivotal day for the $SPX. The area in question is more of a price range because when I…
I've been asked by many to explain some of my tweets and indicators that I use during the day. Nothing fancy and most are accessible to anyone. I'll start with…
Regardless of the overall trend I believe there are always names that can be shorted. I prefer to sell call spreads or buy a put versus shorting the stock as…
Through the use of multiple timeframes a nice setup is emerging in Smithfield Foods ($SFD) and looks to gain $4 or more (about 19%). It's in a decent sector and…
Gotta love the ascending triangle as a high probable setup. You've got defined risk in placing your stop under the uptrend and once the resistance is broken you move your…
Wednesday's action caught some by surprise and perhaps a bit of short covering ensued as a result. I track the $SPX in many areas and one metric is new daily…
After taking a week off I'm truly able to see the market with a fresh perspective. Even though I attempt on a daily basis not to get too set in…