This bull market run has been tough to stomach considering how over-bought the market continues to be each day. So in the video below I wanted to go over some of the technical indicators to watch as we continue higher in the stock market.
I’ve always been a big believer in trying to remove your emotions and trading more on the technicals than anything else. Having said that I personally know that it is hard to sit back and watch the market plow through considerable resistance time and time again.
The real questions is – Has there been any indication that this trend will come to and end? I’ll cover that plus a look at the VIX in the video below.
Please add your comments below and let me know what technical indicators you are using right now to follow this market?Remember that you can always subscribe to our YouTube Channel to get updated as soon as I post new videos.
Get Email Updates (it’s free)
Watch The 1st Video In This Free 4-Part Series
I’ve been told by tons of people that you’ve got to either have a lot of money or a really killer system to trade options and win. Some new indicator or signal that will transform your portfolio.
And I’m sure you’ve heard the same thing and are sick of these expensive, dead-end courses and websites wasting your time and money.
Honestly, there is no “magic secret” to trading options. It simply comes down to an understanding of risk management, option pricing and strategy selection.
Instead of learning these lessons the hard way (i.e. losing your shirt in the market), why not take my free 4-part video course as I cover each area in detail. Plus, I’ll go over the exact checklist I use for selecting trades each month!
Leave A Reply (11 Comments )
Fader
105 days ago
Excellent video, good TA & Vega discussion…
[Reply]
Chris Fischer
105 days ago
In the video you said you are “selling” puts. That seems contradictory to the message of your bearish sediment. Being bearish I would be buying puts and selling calls.
[Reply]
Kirk Reply:
February 7th, 2012 at 11:20 AM
I did last week and the week before. Even though I personally think the market is toppy, none of the indicators show it stopping (at this point at least). So I sold puts as the market ran up and if it turns I’ll cover/hedge these and start selling calls.
[Reply]
Brian L
105 days ago
Same thing happened in fall2010.low volume rally with pullbacks formonths defying the indicators and sentiment. Trust me I got nailed with spx iron condor thinking mkt would pull back and adjusted it multiple times til finally closed out. It was not fun. When resistance is as obvious as it is right now the market does usually done what is expected
[Reply]
Brian L Reply:
February 7th, 2012 at 2:17 PM
@Brian L, I meant does not do what’s expected
[Reply]
Bill Place
104 days ago
Great job Kirk
[Reply]
Jake
104 days ago
What indicator is that at the bottom? Where it crosses? Stochastic?
[Reply]
Kirk Reply:
February 7th, 2012 at 9:41 PM
That’s the Aroon Mid Point
[Reply]
Bill Place
102 days ago
I think, based on nothing, that the market is getting ready for a pullback
[Reply]
GoodTrader
100 days ago
My indicators gave me a warning on 02/10/2012. I think the decline is underway.
[Reply]
Bill Place
96 days ago
Wow, this market is absolutely insane. Folks have to be piling into the market for it to have this time of run. I am assuming that they think the economy is turning for a whole lot better soon. I would be really nervous going long up here, but have been wrong this whole month, lol
[Reply]