Below is a great article by Dave Moenning that really gets to the heart of the “scariest” month. Based on the early action this month, it appears that traders have moved into a schizophrenic mode, as gains on Tuesday, October 1 could be reversed quickly. At issue is the simple fact that no one really…Details
Below is a great article written by my good friend and value investor Tim Melvin on what S&P 500 Index stocks are a great bargain right now. He is a tremendous writer and really knows how to put things into perspective. Enjoy! A deep-value, asset-based investor at this time last year could have defined their…Details
We’re in the “scariest” month of the year, and not just because of Halloween. October is the month when the market tends to crash. Much of the recent disappointment from Washington about the budget showdown and upcoming debt ceiling battle has put traders and investors on the defensive. It’s not hard to see why, especially…Details
Below are some great ideas about trading Apple by my good friend and chat room member Ketan Shah (twitter: @ketaanhmshah). He sent these notes to me and they were compelling enough to share with the crowd. Some of these thoughts have been already been heard/seen/written about, but Ketan has collectively put together his ideas in…Details
There are not many definitive bearish charts out there right now, but Cisco Systems is one of them. After failing to surpass some heavy resistance prior to earnings in August, the stock has been in complete distribution mode. Every rally has been sold, and there has not been much in the way of support levels…Details
During this week’s webinar with Ben Lichtenstein from Tradersaudio.com, we talked about the futures trading pit and market action in general during a high-energy, super engaging chat. He also commented on the flash crash in May 2010, which made him famous. Watch now to hear more!
First Solar has been a hot one this year, trading much higher on occasion as news has mostly driven the stock. Volume has also been good with this one and this it’s been in a base-building mode of late, it appears ready to challenge the gap from early August. Closing the week over 40 was…Details
When volatility is up and rising in markets, would you rather be a buyer or seller of option premium? Actually, you would rather be a buyer if you were a momentum player, especially when markets are trending up or down. Contrarily, when volatility is flat and low you might want to hedge when options are…Details
Bob started off talking charts and markets and some recent plays. He introduced Toni Turner, a fantastic educator and mentor who mentioned about her charts and technical view of the markets. She and Bob fielded some questions as well, noting there could be a nice turn higher soon.Details
A really nice inv head/shoulders pattern is about to be started here, I like the recent stock and option volume trends. The gap at 45 is near and a good first target but we may see some more beyond that.