Last week we put together a strong win with a 2-3 day trade in the triple bear financial ETF, the FAZ. This has been a great month trading options on this volatile stock. This thing really ramps up and when it gets going – the power in the move is breathtaking. The best gains in…
Details
We have mostly decided to wait things out and only play momentum ideas where we see opportunity. I wanted to touch base and let you know why we are taking this stance. Keeping the powder dry and waiting for a better trending market is often the best choice. Nobody wants to get in and trade…
Details
My friend Alan Farley one slick market player. He is an outstanding writer and keen investor – recognizing changes in sentiment and their importance. His technical books are must reading for a well-rounded education and can be found on the Hard Right Edge (click here). Alan recently penned what I imagine was a difficult piece.…
Details
The title of today’s piece pretty much sums up what we’ve seen this year. What normally is seen – accumulation, volume trends and patterns – is unmistakably missing. From the violent revolutions in the Middle East to the tsunami in Japan, the European Crisis to the US debt ceiling mess – we have had our…
Details
While the market melts down we have been busy racking up the wins in the triple financial bear, otherwise known as the FAZ. We’ve hit this for BIG 300%+ wins a couple of times this month on this vehicle while the banks crater. I like the action on this issue as it ramps hard and…
Details
My friend Frank Zorilla of Zortrades put up an excellent article about contrary thinking. When trading we have to zig when everyone else zags and viceversa. The biggest and best trades are against the crowd, and Frank is spot on. He references the timeless piece from Humphrey Neil, the title in the subject line. I…
Details
As if we didn’t know this was coming, Italy was downgraded a notch tonight that took the futures down hard. We’ll see how things shape in the am but I suspect more selling will come as fear’s grip on Europe and the rest of the world clutches even tighter. Whether Greece, Italy, Spain, Portugal or…
Details
Let’s all agree on something – the market is always right. Therefore, a five day rally is meaningful, right? After all, markets had not seen such positive a move since late June. But then, the markets unraveled. All the problems of Europe are gone now – poof! Just like magic, snap of a finger Greece…
Details
If you don’t get on the field and play then you will be missing out. Michael Schenker On a day/week such as we are having you are either happy or sad. Happy if you are long and have skin in the game, sad if you missed out or were on the wrong side of…
DetailsJill brings us a good article about the latest happenings in Euroland. She points out that Germany is the only solvent country who can provide solutions, I suspect carrying that burden has become rather intense. Honest assessments are the best way for us to make decisions, and while the euros seem to come up with…
Details