We love options on GOOG every now and again. Looking at the 5 year stock chart this afternoon, it seems like the consolidation in GOOG might be coming to an end and we could see a large rally ahead of us. Historically we have pretty VERY accurate trading GOOG. Here are two past posts we ...…
I ran through my ETF list last night to come across the EWP iShares Spain ETF forming what looks to be a pretty large inverted head and shoulders pattern. Now of course the main complaint I have is that it’s not at the bottom of a downtrend, still the shoulders and head are very clearly ...…
The American Association of Individual Investors’ Bullish sentiment chart below shows just how bad investors/traders “think” the market are… Now of course, just because the masses believe the market is NOT bullish doesn’t mean we are headed lower overnight. As I’ve tried to teach and preach on this blog – it’s the opposite view that ...…
We’ve talked about a VIX breakout from it’s massive wedge pattern for over a month now. We even had two posts about it back in early August: Volatility Index VIX Making A Come-Back? Option Volatility Skew Charts Overall we have been pretty good about forecasting it’s direction but right now we are stumped (honestly). It’s rare you ...…
Just finished another great trading alert for our members. This week we are focusing our attention on IWM (Russell 2000 Index ETF). With the markets finally starting to move after expiration last week, we have an amazing opportunity to take advantage of a great risk/reward trade. We also posted a members only trading video on ...…
I’ll be heading out to the Glenn Beck rally “Restoring Honor” in DC today. I’ve already managed to contact nearly 12 people that I’m meeting up with from this blog and our Facebook Fan Page. Anyone else is free to join, just contact us.…
Taking a look at the investors intelligence report this week I have something very interesting to show you. If you look closely at the chart you will see that we have just recently broken a down trending line of the percentage of BEARISH traders in the market. The last time this same break happened was in late 2007 which preceded the ...…
Any GDP chart for 2010 will show a continuing decline in US growth. This chart below is from BEA.gov. Today’s first key event is the second release of second-quarter U.S. gross domestic product and everyone is bracing for a big downward revision of the 2.4% growth estimated in the first release. Now this doesn’t mean ...…
If this massive top in the XLF financials ETF completes, we could be in for a very hard and fast fall. From the chart, we have been in a very tight trading range for nearly 1 year – bouncing back and forth. I don’t think we will sell off from here as the general markets ...…
We’ve been watching the TLT iShares Barclays Treasury Bond ETF pretty close over the last few weeks. Actually, we have been watching it almost daily since we made our bottom call on TLT back in November of 2009. Here’s a YouTube video we also did. It just seems to get more and more over-bought each day, but ...…
Bollinger Bands are a technical indicator that allows users to compare volatility and relative price levels over a period of time. For simplicity, it consists of two major bands designed to encompass the majority of a security’s price action. If and when prices move outside the upper band and/or lower lower band, it signals the the ...…
The European debt saga continues today as Standard & Poor’s cut its credit rating Ireland’s debt. The premium investors demand now to hold Ireland’s 10-year bonds over German bonds has been steadily creeping higher (with more perceived risk). The spread finished at 330 bps on Tuesday, its highest level since the Greek financial crisis broke out in May. As I’ve said numerous times ...…
Though I’m not much of a stock picker but I recently checked out Carl Icahn’s 2010 Portfolio holdings. Here are the holdings as of June 30, 2010 according to the most recent form 13F-HR filed with the SEC on August 16, 2010. What’s most impressive is that he has nearly 50% of his nearly $4 ...…
We haven’t look at a chart of DELL (Dell Inc. NASDAQ) stock for a long long time, but with the bidding war with HPQ right now over 3PAR – I thought it would be worth it to take a quick look. Being as I was a former Mergers & Acquisitions guy – I have a ...…
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