Summer Volume
After a low-volume three-day bounce, the S&P bounced back from a 20 point drop intraday. Even though the Eurobond did not materialize, the bulls cut the losses in half. Wal-Mart and Home Depot earnings also...
Read MoreAuthor: Jeff Pietsch
Euro Bond?
The bounce back from the low had being impressive, but little was resolved except for the short ban. The light volume bounce that we saw on Friday was followed by an even bigger bounce on even lighter volume today. The...
Read More08.15.11 – Market Absorbs Bad News
The Empire Manufacturing report was moribund, but price has been able to continue gains, taking the VIX down another 6-8%. We are a little stretched to the upside, so I’ll be watching that VWAP...
Read MoreXLB Leads the Trend
A quick look at the hourly chart and LM metrics indicate XLB is leading the 5 day trend, closely followed by GDX which has benefited from multiple BUY rating updates. The real action this morning is on XLU however,...
Read MoreETF Rewind – Rocky Bottom? | Week 32 | 08.12.11
An ugly start to the week on incremental downgrade news was partially offset by week end on economic beats for a net S&P 500 (SPY) loss of -1.6%, or -10.3% over the last four weeks. Although we may be short-term overbought...
Read MoreEquity Curve Surfing & Other Filters
Following my last post on the struggles the DVB indicator is having, a reader reminded me of this excellent post Jeff Pietsch’s “Market Rewind” blog. Worth a read certainly. The main highlights from this...
Read MoreDouble Decker Sandwich Candle Stick Pattern
The range on the SPX was a mere 19 points today, lowest for the week. Bulls put in a good consolidation day and we may expect continue Volatility drops early next week if we don’t have any major news this weekend....
Read MoreDelta Neutral Thinking – Part 2
Following yesterday’s introduction, this is a Delta Neutral setup using TLT and TBT to create a safe, albeit muted revenue stream. The setup requires selling calls to generate premium income, so positions are required to...
Read MoreWeekend Risk?
The wild volatility continued today and yesterday’s internal divergence finally paid off today. The future again looked abysmal until rumor of a short ban in Europe was rumored and strength in the technology sector...
Read MoreDelta Neutral Thinking – Part 1
Over the next few posts I’ll explore the potential benefits of delta neutral trading, a very aggressive approach to risk management. While you’re never going to hit a 10 bagger with this tactic, the good news is...
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