Looks like the markets skipped pre-Christmas appetizers and headed straight for the pudding today.After today’s big rally, the YM, ES, NQ & TF may be headed towards their upper Bollinger Bands on the Daily chartgrid...
Read MoreEconomic Reports Due out (Times are EST): ICSC-Goldman Store Sales (7:45am), Housing Starts (8:30am), Redboook (8:55am)Premarket Update (Updated 8am eastern): Futures are very strong, up in excess of 1% heading into the open....
Read MoreData released this morning showed a rise in the Housing Market Index, as shown on the graph below (courtesy of www.forexfactory.com). The graph shows a very soft housing market since numbers fell below 50 in 2006. There are more...
Read MoreThis post shows the 2 possible trades on tza today. Each is making use of the 20ma not only to confirm the entry, but more important to help confirm weakness and the sell point. I always look for what I call an accumulation...
Read MoreMarket continues to weaken by the day, not in huge fell swoops, like we saw in July and August, but slowly and steadily. As the new year approaches, more and more I believe we’ll see continued selling in the broader...
Read MoreData released pre-market today shows another decline in the European Current Account, as shown on the graph below (courtesy of www.forexfactory.com). Rarely has it been above zero since 2005. The important support level of 1.3...
Read MoreEconomic Reports Due out (Times are EST): Housing Market Index (10am)Premarket Update (2am eastern): Futures are lower heading into the open with some weakness. Asian markets are weaker with over -1% in losses. Europe has not...
Read MoreGood evening folks! I hope you had a great weekend. Here’s a quick watch list for tomorrow. WNR: Look for a breakout over $13 ALKS: great volume + technicals. Look for a break out over $16 CUZ: Great volume + technicals....
Read MoreThis year’s performance results are out, so how did Adam’s Options Income Newsletter do? We did 100% profits every month except for August which brings are accuracy rating to 91%! Our return on investment for taking...
Read MoreToday saw the YM, ES, NQ & TF close out their 4th quarter options contract for 2011. Each candle on the chartgrid below represents a one-Month Options Expiry period. Most of the price action after the large red July-August...
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