For all intensive purposes May was FLAT and BORING. Honestly I think you could have flipped a coin each day to determine the direction and you probably would have made money. Still, the sideways movement was GREAT for the OPTION WRITERS. The calls and puts we sold short made us A LOT of money this ...…
Afternoon all. It’s been another one of those flat days. We should all throw a going away party for the month of May as it’s been a “go nowhere” month. Depending on when you are looking at the charts the market could be up or down. GDP came in worse than expected this morning and ...…
Good morning all! First, here is the Trading Video from last night as well as the Member’s Only Portfolio Video in case you missed them. It’s still early here, but pre-market futures are trading flat again – mainly as most people are waiting for the housing data to come out at 10am. Regardless of whether ...…
Great day for the markets turning around with a complete 180 of yesterday’s rally. We still need to break 880 and the S&P 500 to get the blood really running in the streets again. Regardless, as members already know, we will be adding more short trades tomorrow in addition to some longs at the end ...…
Shorts are taking a nice little bath today and giving back some of our hard earned money last week. There’s no doubt that people are trying as hard as they can to look ahead – 6 months to a year – and “hope” things are going to be better than they are now. But, the ...…
Here is the New Trading Video for ya’ll. As a reminder, the markets will be closed on Monday in observance of Memorial Day. Additionally, the Option Writers Report will be going out tomorrow. The last two weeks have been extremely profitable for Option Writers as many of you have already experienced. Onto the most important ...…
Well, the markets sure did put on a great show for us today. They sold off wonderfully this afternoon right down to my 880 targeted support level on the S&P 500. Below is the intra-day chart from earlier today with the level in GREEN I talked about on this mornings post. While this picture isn’t updated, the ...…
Did anyone honestly believe that stocks could continue up week after week. Come on, let’s start getting real here. Again, the charts have been screaming this for weeks to come. Hopefully the correction will be just as significant as the rally up. Futures are still low as of this writing but we have some critical ...…
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