Hey everyone, I’ve been working on a new trading strategy…new to me, but I’m sure not new to anyone else. Still, this has worked for the past 10 days that I’ve traded it, albeit on paper. But, i’ve...
Read MoreMonday Watchlist: USU GNW PPC HST PCYC BWS CALX RGS FTK CBG AVNR. Read more…
Read MoreCurrent Bias:100% Cash Economic Reports Due Out (Times are EST): Empire State Manufacturing Survey (8:30am), Industrial Production (9:15am) Read more…
Read More1. Buying out of the money options because they are cheap – Out of the money options look tempting to buy because they cost a lot less than in the money options. However a quick look at the deltas of the options will tell...
Read MoreNo need for my thoughts on this one…this person sums it up perfectly… Read more…
Read MoreCurrent Bias:15% Short Economic Reports Due Out (Times are EST): International Trade (8:30am), Jobless Claims (8:30am), Bloomberg Consumer Comfort Index (9:45am), EIA Natural Gas Report (10:30am), EIA Petroleum Status Report...
Read MoreThe S&P bounced be-YOO-tifully against the old, upper Fibo level I talked about yesterday. If you didn’t read that one, it’s the two horizontal pink lines that represent at 61.8% and 50% retrace level ...
Read MoreCurrent Bias:15% Short Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), FOMC Minutes (2pm) Read...
Read MoreLook at the side-by-side chart below and see if you see any similarities. Is this what a V-shaped Recovery looks like? While looking at 30-min and hourly charts of IWM and the S&P, I thought I noticed a familiar...
Read MoreI’ve dabbled in TNA (in and out already) this morning for a 1% profit, and now I am short Pioneer Natural Resources (PXD). This stock has rallied over $12/share into resistance, or the previous area that it broke down at...
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