Let me be clear on this one – this opportunity has already come and gone. You missed it, but you can still learn from it. We made 50% in just two days on some VIX call options that we sold short on Monday. You see, when the VIX spikes it drastically increases the volatility of ...…
The united states oil fund ETF had a good 3% jump in yesterday’s trading. We all knew the USO would start to rally after the oil spill in the Gulf has spurred concerns that regulation will come down once again on drilling companies. Looks like a re-test of the recent highs is a no brainier right now.…
Another week down and we are closer to May expiration. Time to take a look at the open interest configuration of the options trading. Per the chart you can see that the overlay is somewhere around the 1,150 level on the SPX. Remember that at expiration the market will tend to close in an area ...…
Didn’t we say that Greece would get a bailout? A number of times in the past month actually. It’s really no surprise and since most of the attention in the markets remains on the Greekdebt crisis – the more the rumors spread of a bailout the better the markets will trade. All in all it’s still ...…
Found the SPDR Europe ETF (GUR) the other day and though you all might want to see what it’s doing. I’ve drawn some support and resistance levels on the chart. Seems like it’s in a very clean and long rising wedge pattern. The tendency on these chart patterns is to breakout lower…so we will see ...…
What happened to health-care? The 1 month performance is finally more in line with what we would expect in normal market conditions – some out performers and some under performers. Noticeably the financials and health care are the worse performing areas given all the new regulation.…
For me the strongest fibonacci retracement level is the 50% levels. It’s kinda of like no-man’s land. When markets rise and fall back to that level and it holds – I see things as “half full” in a sense. So today, since pre-market futures are higher, the markets will be testing the 50% retracement level ...…
The markets started the week with a sell off that was quick and deep on the heals of the Greece downgrades. How long the crisis in Europe continues, and how far it spreads to other countries, will be key to U.S. market reaction. For now though it seems that no bad news, is well, good news ...…
I got this question last night: “Kirk, is the USD still a good long trade. I’ve heard it’s the ‘safe haven’ but isn’t it just that the USD is ‘less worse’ than other currencies right now?” 100% agree. It’s not that the USD is a great investment – least a safe haven with all the ...…
With yesterday’s break by the Dow Jones of a 3 month trendline, we could see some very good selling over the next 5-7 days. Typically during the rally since the bottom, most correction type phases only last 10 days or less – so be cautious with your shorts. After that it would be back up ...…
We said when this whole crisis started that the Greece Debt Rating would be cut down to junk, see our first post on it here. We warned everyone to stay as far away as possible – debt on top of debt is NEVER the solution. Yesterday the rating agency Standard and Poor’s slashed Greek debt ...…
We predicted this would happen over the weekend – and Monday comes and the VIX spikes more than 30%. Here’s video proof of our Sunday night trading video. Per the chart of the VIX below, we could even see the VIX get to 27 or 28 by the end of the week.…
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