Well now that the big Fed decision is out of the way, we can all focus our attention on the budget crises ;-). We have come a long way from the August lows in a pretty short amount of time. September has been a great month for those that bought the dip. If you missed […]
Did Bernanke make a mistake by not tapering? I don’t know and frankly it’s not my job to try to figure it out. My job is to trade what is in front of me and I think I am going to get to experience a mini dot com bubble. Perhaps it won’t be as epic, […]
Last week I outlined some levels I thought we may reach. SPX exceeded those expectations to close at 1687.99 up 2%. Headed into this week my thesis will be of caution. After riding the market up from 1630, it’s much more difficult to stay long with size. That is not to say I will be […]
SPX finished last week up 1.4%. Last weeks range was 1633.41 which happened on Tuesday to Friday’s high of 1664.83. All week we made higher highs and higher lows. I still believe that the correction is mostly over and if your time frame is longer than a week, I would even call the pullback from […]
Last week I wrote that I thought SPX would stay range bound between 1645 and 1685. I was wrong. Like most people, I don’t like to be wrong, but what’s more important than being wrong is how I deal with it. My approach was not to get upset or to blame the markets, Syria, Obama, […]
Looking for a bounce next week and open interest for October 4th expiration
Last weekend I wrote “Next week there are plenty of reasons to support the idea that we will pull back or at least hang out and consolidate.” I should have just taken the week off because there wasn’t a whole lot going on. I did book my TLT profits, but I believe that trade is […]
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