Continuing on with the posts from last week, as Fundamental Traders, the market scenarios continue to be turbulent. The SPY which had remained stuck in the trading range we mentioned (1260 to 1360) before, has traded below that...
Read MoreI first started talking about the Head and Shoulders Pattern in the S&P last week, and followed up on Tuesday with a chart showing the neckline of the pattern getting tested. The neckline was the 1255-1285 area. The measured...
Read MoreBy: Mike Bellafiore of SMB Training A partner looks up at his scoreboard, which tracks the performance of traders, and sees one trader particularly in the Red. And it’s getting worse. He clicks on the trader’s ID and...
Read MoreBy: Dan Passarelli Jill and Scott review the fundamentals and technicals in the consumer staples space and call out a trade in Colgate-Palmolive(CL) in the video below. Here is a smartly structured options trade for a trader who...
Read MoreBy: Ben Erichsen of Newzblitz.com In last night’s post http://newzblitz.com/blog/ we mentioned how the SPY, after yesterday’s grind up following the AM capitulation, closed at a 23.6% retrace of the impulse down from...
Read MoreAM Action: (GLD) (SLV) Overnight highs in spot silver were above 42. Next Fib in SLV is 42, Short term resistance is yesterdays highs at 40.95. Support at 40.16 the daily 50 fib level Dendrion Corp. (DNDN)...
Read MoreUS stock futures are back down again Thursday morning following Wednesday’s potent reversal. After 8 days of selling we finally got the bounce many traders were looking for off very oversold levels. We broke the key 1249...
Read MoreThe market staged a massive reversal Wednesday despite heavy losses in European markets triggered by heavy selling in Italian banks. Downward momentum continued for the first hour of trading in US markets before turning on a...
Read MoreBy: Seth Freudberg of SMB Training In our options training program, we spend a good deal of time working on high probability iron condor strategies. A high probability iron condor is one of the simplest and most popular options...
Read MoreBy: Ben Erichsen of Newzblitz.com There’s a respite to the selling pressure this morning. Have we capitulated in the short term? I would think it’s highly plausible, but is that coming from experience or just a...
Read More
