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Showing Posts 81 - 90 out of 110 found.

Market Review and Forecast: Soaking Wet

Market Review and Forecast: Soaking Wet

I forecast “a little more rain,” but traders on Wednesday encountered a hurricane of selling. And I don’t think it is over. Yesterday, I published a Volume Profile chart of the day session in the Nasdaq Futures to show the gaps, which act as targets in more serious corrections. The next gap to fill is at 4314.75, but the two more lie nearby at 4292 and 4210 (not shown on this chart). While a...

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Is The Market Being Fair?

Is The Market Being Fair?

When two things are in stark contrast to one another, they could be said to be contrary, or, in contraposition. For example, here are two news items juxtaposed to demonstrate my point. Wall Street stocks and the dollar slipped on Wednesday as government data signaled the U.S. economic expansion was slowing, while gains in the euro prompted a pullback in European stock markets. The euro...

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The Big “I” In Insurance

The Big “I” In Insurance

Ever have a “friend” whose house was broken into and then realized he or she did not have replacement insurance? Or one who had a tree fall on his or her car resulting in damage that ever so slightly exceeded the ever-so-large deductible? Usually that “friend” is the exception not the rule, as Americans, for the most part, do insure their cars, homes, and even their lives. And, of course,...

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Channel Gold Higher

Channel Gold Higher

Gold futures moved up a fifth straight session to end at a near three-week high on Tuesday, with traders opting for the safe haven appeal of the precious metal as equities in the U.S. ticked lower amid continued worries over Greece's financial woes. Since the Fed announcement, the Dollar has been under duress while Gold has rallied mostly due to heavy short-covering in the market. Looking...

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The Short Strangle: A Risky Income Generator

The Short Strangle: A Risky Income Generator

I really don’t like being naked short options as a rule. The prospect of potentially unlimited risk would keep me up at night. But then, you, dear readers, are not me. I am a risk adverse and conservative options trader, but that doesn’t mean that you have to be. Anyway, I’m an options educator now and not an advisor and as such see it as my responsibility to talk about all option...

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Did The US Dollar Index Just Lose Its Mojo?

Did The US Dollar Index Just Lose Its Mojo?

Just prior to the March 18, FOMC meeting, the US dollar index, DXY, put in its highest mark in 12 years, 100.39 on March 13.  Since the March 18 FOMC and Yellen's dovish press conference, the dollar has stalled and given ground versus both major and EM currencies.  Late Tuesday DXY was 97.19. As of now we'd characterize this as a pullback in a bullish trend. Almost everything seems to have...

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A Bet Far From A Coin Flip

A Bet Far From A Coin Flip

Let’s consider an earnings play in Apollo Education Group (APOL).  We know that over the last two years, the mean move on earnings has been 11.5%.  We have seen it move up as much as 28% and down by as much as -10.3%.  It has beaten expectations 5 out of 8 releases and 2 out of the last 4.  Looking at the price chart below, I can see no discernable trend.  But what I do see it that if it...

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ESM5: Breakouts To Be Tested While Shorts Scamper to Cover Positions

ESM5: Breakouts To Be Tested While Shorts Scamper to Cover Positions

Yesterday The S&P500 mini-futures (ESM5) closed at 2085.00 yesterday (Mar. 24) down 10 points from the previous close on light volume. For the second day in a row, the Plunge Protection Team failed to rescue the Bulls, who pushed the futures up to the support-turned-resistance at 2100 in the morning session, then watched glumly as the market went into an unremitting decline for the rest...

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Market Review and Forecast: A Little More Rain

Market Review and Forecast: A Little More Rain

As noted yesterday, the stage was set for a pullback in the major indices. The Nasdaq 100 behaved much better than the large caps, however, and the Small Caps were actually up on the day. This bodes well for a continuation higher after some obligatory housekeeping. This is a Volume Profile chart of the day session in the Nasdaq Futures, to show the gaps. Corrections in the indices in an...

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Am I Missing The Mark?

Am I Missing The Mark?

Sometimes, I think my view of the world is off kilter, missing the mark, somehow disconnected from reality. For example, I read an article this morning, written by Richard Heinberg, a Senior Fellow at the Post Carbon Institute, a seemingly reputable “think tank which provides information and analysis on climate change, energy scarcity, and other issues related to sustainability and long term...

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