Author: Marco Hickey

Last week I wrote about an expected above average move on the S&P 500 index. The open and close price were different by just 3 pennies which indicated a very strong doji. Yesterday the S&P 500 index opened and closed...

Morning traders, I’d like to see a follow through of yesterday’s price-action. If we get a move higher today, I think we could bounce back as high as 1150 on the S&P 500. Watch 106.77 on the SPY as it is a gap we...

As stated this morning I expected a major move in the equity markets based on Tuesday’s price action – I just didn’t know the direction. As stated I was looking at opening option straddle positions on the...

Happy lucky 7’s day (7/7)! I’m expecting a big move in the major indices today as the S&P 500 had a doji candle pattern yesterday. Doji candle patterns do not predict the direction of the move, they just predict...

Traders, we held 1040 as you probably know from all of the talking heads on TV. Tomorrow should be interesting and should let us know if we will get any bounce higher. I believe we can bounce as high as 1130-1150 on the S&P...

Copper futures continue to look good to me. Setting stops at $3.05 with open profit take. Also looking at Freeport-McMoRan Copper & Gold Inc. (FCX) and the SPDR S&P Metals and Mining ETF...

First it started with the major ETF’s such as the SPY, and QQQQ, but as of yesterday they have weekly options on very heavily traded individual stocks like Bank of America (BAC) and Citigroup (C). There is a ton of money...

Hey guys sorry it’s been a while since I’ve posted anything. I have been extremely busy. Here is a (long) list of companies which were rebalanced during the Russell Reconstitution yesterday. I have split the list...

Traders, I am showing you a quick chart of the S&P SPDR (SPY). We opened near the February closing lows retracing 100% of the move. Now we need to reverse higher and a close above 108.46 on the SPY would be short term...