March. My favorite time of year. Flowers blooming, weather getting warmer, daylight savings time and the best event in sports – the NCAA basketball tourney (March Madness – time to fill out those brackets!). The thrills, chills, excitement and buzzer beaters are unparalleled through the two week tournament. I also love the action in markets…
Details
Not much love these days in commentary and chart analysis for the small cap index. I can understand the concern but not the ‘hate’. I would not consider this a leading index of the economy, stock market or trends. It is not a sign of a slowdown, either. The divergence of the small caps with…
Details
Many have been trying to figure me out for years, what is the secret to trading options, finding plays and how/why to stay with a play longer than most would think practical. It’s nearly impossible to replicate what I do – you just don’t see charts, technicals and patterns the same way. That’s not to…
Details
Who likes this market? Raise your hand. Hmmm…looking around, not seeing many hands raised. Ok, that makes sense. Since the beginning of the year markets have continued their upward climb started since the frightening dip in early October, and all I hear and read are complaints: why won’t this market pull back? why can’t I…
Details
I wanted to share how we carefully managed risk around an options trade for subscribers in Explosive Options today for Herbalife that left us with profits and a risk-free trade into earnings. On Feb 2, we bought calls on Herbalife (HLF) as the technical picture had improved. Knowing competitor WTW was due for earnings in…
Details
Be clear about your goal but be flexible about the process of achieving it. (Brian Tracy) It can be challenging to change our way of thinking. Naturally, we form opinions about people, events and expectations and move forward based on our own logical answers. But, what if we are wrong? Is that defeating? Are we…
Details
It’s been quite the ride up for markets in 2012. If you’re keeping score, we have the SPX up 6.7%, Nasdaq up 11.5% and the Dow Industrials higher by about 5%. Pretty good numbers for an entire year, but for the first five weeks of the year? Off the charts! Could the markets have been…
Details
Just a quick update on the activity. New subscribers welcome aboard! Can’t go up everyday, right? It had been more than a month since the market had seen a decline of 1% or more, so who should be surprised? Intraday that was not the case, as a couple weeks past there was a good decline…
Details
That was quite the reaction to the January jobs report. The big number caught many by surprise but we can now confirm the prior month’s number – perhaps a trend is now in place. Trends like jobs growth tend to last long because they are so large – it’s like turning around a cruise ship. …
Details
Is there any more hated rally than this one? Oh, I’m sure they are all hated because most tend to miss the boat, the biggest part of the move. It is when the crowd is giddy and they go ‘all in’ that the markets will ensure a correction is to be had. That is normally…
Details