What will hold up? As you can see from our chart set, our major indices are trading very much in synch, more likely than not propelled by trade-bots that already have the next 25 trading days already mapped out to take us...
Read MoreToday’s tickers: SD, DTV, YHOO, SLXP, MDVN, PDCO, XLE, LOW, AIG & CA SD – SandRidge Energy, Inc. – A bullish risk reversal on natural gas and oil exploration and development company, SandRidge Energy, Inc., suggests...
Read MoreOxen Report Readers, So, I skipped the morning post today because I have a really strong inclination about an Overnight Trade opportunity for today that I could not pass up. The market is down slightly for the day, but the...
Read MoreOptionSage submits: “Markets can remain irrational longer than you can remain solvent” – John Maynard Keynes Much like Newton was inspired to understand gravity as the Apple fell on his head (or maybe not according to...
Read MoreWhat a wild last 30 day’s we’ve had! I’m going to do a little bit of charting today so we don’t miss out on the next potential Meatball Market (where bad news “just doesn’t matter”) as we get past earnings season...
Read MoreToday’s tickers: CMCSA, HSY, GLD, ORCL, XRT, ERTS, FXI, PFE, SII & JCP CMCSA – Comcast Corp. – A large-volume short strangle established at the beginning of the month on the entertainment and communications services...
Read MoreThe Fed raised the discount rate – Big Deal! As I said in my Weekly Wrap-Up, recessions are for wimps and kudos to the Fed for finally pulling out the stick after all the soft talking they’ve been doing. Meanwhile, I do...
Read MoreI didn’t get to do a wrap-up last week so we have a lot of trades to go over and, with expiration looming and the Fed tightening, I thought it would be good to just get the list out on Friday so we can adjust our rolls to March...
Read MoreToday’s tickers: MGM, ANF, JPM, XLP, XNPT, HANS & SIRI MGM – MGM Mirage, Inc. – The Las Vegas Strip’s largest casino owner posted a wider-than-expected fourth-quarter loss of $0.25 per share, which underwhelmed...
Read MoreThis is not too encouraging: If we can’t break over our falling 50 Dma then it’s very likely we’re forming a lower channel that will center around our 5% line at 10,165 but we need to keep in mind that the 200 dma is WAY down at...
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