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Daily Comments for Monday, March 15, 2010
Friday left the market with a split close, the Nasdaq Composite and S&P 500 closed slightly red on the day. The Nas 100 and the Dow closed marginally green on the day. All the broader markets showed a gain on the week and closed very near the highs for the week. The weeks range was not huge...
Daily Comments for Friday, March 12, 2010
Thursday closed the day higher making 10 of the last 11 days with higher closes for the broader markets. The volume was incredibly light today so once again we lift on light volume. The participation is just not hitting on all cylinders for this market still. The Nasdaq continues to march...
OPTION TRADES OF THE DAY-SEPT WHEAT
OPTION TRADE OF THE DAY! 03/11/2010 MARKET- SEPT WHEAT Seasonal tendencies suggest that wheat tends to peak out & fall throughout the summer season (Wheat is just tasty grass after all). To take advantage of this tendency, we recommend the following trade strategy BUY 1 SEPT WHEAT 480 PUT/...
OPTION TRADE OF THE DAY-JULY COTTON
OPTION TRADE OF THE DAY! 03/10/2010 MARKET- JULY COTTON Seasonal tendencies suggest that cotton should be heading lower and the push higher from recent fund buying should lose steam. To take advantage of a pullback in prices, we suggest the following trade BUY 1 JULY COTTON 79 PUT/ SELL...
Daily Commentary for Wednesday, March 10, 2010
Tuesday closed the day green and on heavier volume, following Monday’s anemic volume and range it didn’t take much to outpace. The VIX closed at 17.92 and the TRIN at .74 bullish on the day. The day stalled out at 1:30 and started to tip off the highs slowly. Gold closed down $2.20 to...
Daily Commentary for Tuesday, March 9, 2010
Monday the Nasdaq Composite and Nasdaq 100 closed modest green in a narrow range day. The SPX and Dow closed modestly red and also in a very narrow range day. The Nasdaq Composite hasn’t traded this narrow since December 29, 2009 and the SPX I looked back for more than 2 years and nothing as...
OPTION TRADE OF THE DAY-US DOLLAR INDEX-03/08/10
OPTION TRADE OF THE DAY! 3-8-2010 June Dollar Index appears to have reached an exhaustion point in its rally, we are shorting the market using a June 79/77 bear put spread with a naked 84 call. The trade is 10 under 10 over meaning that it’s a debit of $100 for the spread which would be your...
THE BEAST MARCH 5H 2010
ALL PERFORMANCE IS HYPOTHETICAL Beast Trades 3-5-10 July Wheat buy at 538 ¾ on a stop; sell stop at 503 ½ JUNE Dow buy at 10412 on a stop; sell stop at 10242 June Bonds buy at 118-11 on a stop; sell stop at 115-31 April Live Cattle buy at 9365 on a stop; sell stop at 9175 May OJ buy at 15155 on...
Daily Comments for Monday, March 8, 2010
Friday closed the day green across the board on heavier volume. A nice accumulation day for the broader markets. The VIX closed at 17.42 getting closer to the 16.86 the January 11th lows and the lowest level since May 2008. The TRIN closed at .42 very bullish along with a very bullish A/D and...
Daily Commentary for Friday, March 5, 2010
Thursday moved the market in a very narrow range and left the broader markets still holding the weeks range. Possibly forming a bull flag with this consolidation to move higher and get a look at the January highs. Volume for the NYSE was equal to Wednesdays and the Nasdaq was significantly...
Daily Commentary for Thursday, March 4, 2010
Wednesday closed the day mixed on light volume. The Nasdaq Composite and the Dow were modestly red while the Nas 100 and S&P 500 were slightly green on the day. The highlight of the day was the Russell 2000 index that made new highs on the year. The narrow range day left another lackluster...
Daily comments for Wednesday, March 3, 2010
Tuesday finished the day green on slightly higher volume than Monday for the NYSE and Nasdaq. Giving us a small accumulation day, the problem with this accumulation day is we finished very near the low and volume picked up after the top was in, showing that the second half of the day falling...
OPTION TRADES OF THE DAY-JUNE JAPAN YEN, US 30 YEARS, JULY WHEAT
OPTION TRADE OF THE DAY! 3-01 June Bonds appear to have run out of steam near their recent highs so we are taking the opportunity to establish an additional short position at this level which would average up our previous spread. Buy the June 117/114 bear put spread with a 120 call as the...
Daily Comments for Tuesday, March 2, 2010
Monday closed the day on the highs, the market opened strong and continued higher throughout the day. Volume was split on the day with the NYSE lighter than Friday and the Nasdaq slightly higher than Friday. Futures were split with the ES and TF lower and NQ higher. The TRIN closed at .83 in...
Daily Commentary for Monday, March 1, 2010
Friday ended with modest gains with heavier volume than the markets had on Thursday. The week closed just off the prior week for an inside week and slightly negative. The month however closed higher with modest gains after January’s red month. Overall we’ve seen December-February sit in...
