Today’s tickers: DOW, XLF, FMCN, MAR, CAT, S & MOT DOW- The manufacturer of chemicals, plastic materials, and other specialized products jumped onto our ‘most active by options volume’ market scanner this afternoon amid a...
Read MoreToday should be very interesting! One year to the day after Lehman Brothers collapsed and precipitated a financial crisis that reverberated across the globe, President Obama will deliver a major speech on the financial crisis at...
Read MoreThe markets will be centering around what could be the start of a trade war (that I highly unadvise) between the USA and China. On Friday, the USA imposed tariffs on China’s imported tires, which President Barack Obama approved...
Read MoreSlow and steady wins the race! We had a big run and capped our gains a litle early for the week by doubling up on our PSQ (short Nasdaq) calls on Thursday’s mad run. This did the job of locking in our profits but that hedge is...
Read MoreFinally I’m getting my IPad! It was almost a year ago when Isaid to members on Dec 30th:”AAPL just announced a deal to do Ebooks on IPhones and ITouch and that is the intermediate step towards the IPad, which should be a...
Read MoreToday’s tickers: XLK, RF, NBR, MCD, KEY, MGM, HBAN & LVS XLK- The tech-sector exchange-traded fund attracted a hoard of call buyers this afternoon amid a less than 0.5% decline in shares during the session to $20.62....
Read MoreToday, the market is looking at a multitude of data points that will be coming in throughout the day. it starts at 8:30 with the Import Price Index. At 9:55 AM, the Michigan Consumer Sentiment Index will be released that...
Read MoreAnd away we go! We have finally broken through all of our breakout levels and no one is more surprised than I am to see this coming without a pullback (perhaps David Fry – see chart on right). We will, of course, remain...
Read MoreWe are finally over our watch levels, now let’s see if they hold! Our watch levels for our next set of bullish market plays have been Dow 9,600, S&P 1,030, Nasdaq 2,038, NYSE 6,700 and Russell 577 and now they form a floor...
Read MoreWe left off in Part II with our Feb 23rd Big Chart Review. Even though I said: “Once again we are in a market that environment that reminds me of the Simpsons episode where Homer jumps over a gorge, crashes, is taken up by...
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