Thank You Veterans!
Happy Memorial Day Weekend! And most of all THANK YOU for all the Veterans! Please take some time to say thank you to all the Veterans you know. These people have risked their lives so that WE can enjoy our liberty.…
Monthly Archives: May 2010
Investors Intelligence Sentiment Indicator
Investors Intelligence shows the percentage of bullish traders to bearish traders currently in the market. It’s a great indicator that we use frequently to get an idea of where the sentiment is in the market. As we all know, if the sentiment is too bullish – we should be bearish. If the sentiment is too bearish – ...…
USD Dollar Index In Pull Back Mode
The USD dollar index is way too over-bought right now. Pull back mode started earlier this week but should last a good while – two weeks or so. Notice on the chart we have put some acceleration bands in BLUE. These technical indicators show us when an index or stock move outside it’s normal historic ...…
Crude Oil Trading Gap
We’ve had a wild ride in crude oil this month haven’t we traders. Earlier this month crude prices were as high as $87 a barrel then they took a nose dive after worries that Europe’s debt crisis could undermine the global economic recovery. It also didn’t help that the EURO was completely weak against the ...…
If BP's Top Kill Works, Go Long This Oil ETF…
Since BP announced that is was beginning a risky “top kill” operation we all have been hoping that the plug leaking attempt would work. Success in the initiative could mark a turning point in the company’s efforts to contain the disaster. But failure could mean that oil will continue to spill for another two months, ...…
Futures Rally Early – Must Hold 1,090 Level
The futures for the stock market are off to a good start this morning along with Oil which is rallying hard. However, if this continued push has any legs it must break and hold above the 1,090 level on the SPX (yesterday’s intra-day highs). After that here’s what I see happening short term.…
Index Levels – Rally Underway
The first big test is whether the indexes can break out and hold above yesterdays highs. If not, the turn will have been nothing more than a quick trip back to upside resistance before the downtrend resumes. The way the futures are holding this morning it could be easy to get and stay above that ...…
The $17 Million Dollar Option Trade
Thought this might interest you all – one trader bought 50,000+ PUTS on the S&P 500 TODAY betting that the indexes would get below 870 by September. Of course we know that MOST option buyers are wrong – however, a bet this size ($17 Million) is not necessarily dumb money……
VIX Falls Down To Our Target
Just LAST WEEK we posted this picture of the VIX falling to around 30 in a post you can find here. And here we are today…pretty cool move to watch happen so fast.…
Head And Shoulders Top – I Think Not
A lot of people and bloggers are talking about a possible head and shoulders top for the SPX. I have a different opinion. Mainly not because I don’t think it could happen – as it’s very possible. However, everyone is expecting and waiting for it. We all know that the markets aren’t just going to ...…
Another Hammer Candlestick Pattern
Did the reversal yesterday signal a strong short term bottom? This hammer candlestick pattern sure looks good. The S&P 500 closed up after being down by more than 2.5% shortly after trading opened. The bounce back was stoked by comments from Congressional leaders saying they would not push for banks to spin-off lucrative trading desks ...…
Great Entry Today
Really great job with the markets today. We knew it was going to be a little crazy but we were able to get some great fill prices for our new trading alert. Glad we played the markets as we did and I hope you all got to enjoy the ride!…
Double Bottom In EUR/USD?
Say it ain’t so – could we be heading for a double bottom in the EUR/USD? I know that I’m probably one of a few people who actually think that technically the EUR/USD chart is fairly strong on the long side. Anyhow we will see how it plays out but protect yourself in case I’m ...…
Market Selling Off – Option Trading Alert!
VERY IMPORTANT! We just finish publishing a new option trading alert for our members. With the market selling off as hard as it is today – we need to take advantage of this move in the VIX. The alert and trade commentary are already posted in the member’s only area. Here’s your chance once again ...…
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