I have a fairly long list of set-ups, but after a while it gets to be too much so I tried to sort through my favorites. The market may pull back this week as we are a bit overstretched, but I don’t want to be constantly on guard for a pullback that I can’t time...
AAPL: Last week price was over the highest call open interest and we saw that it never looked back. This week it is in the middle of those two strikes. AAPL has heavy resistance around the 634 area. If it gets above there then odds are it’s going to keep going higher. If it never...
According to the efficient market hypothesis, no investor has an advantage in predicting a return on a stock price because no one has access to information not already available to everyone else. This year has been a frustrating one for both the bulls and bears. Regardless of the lack of returns thus far in 2014, […]
Hope you are all having a good weekend. I want to be cautious with these because if momentum stocks do end up with follow through from last week then the open interest will change. The strength could be attributed to the low volume holiday pump, but even so that could spark them to keep rallying. Also,...
Hope everyone is having a nice long weekend. I have good news and bad news. I will start with the bad news cause I like to get it over with. The recent puts we bought we may have to finagle our way out of on any minor pull back and will likely incur some losses on...
Well well well, what do we have here? SPX once again remains in chop. Today was a good day and it’s because I stuck to my plan and didn’t let noise shake me out this morning (which I have done many times before). The morning was weak, but then we began to recover and I […]
Often when I look at the open interest I will see a theme, such as lots more puts or lots more calls, but it’s very mixed this week. There are a quite a few opportunities we can possibly seize on, but I think they will depend on the environment and if they trigger. The ones I think...
The direction of next week is a mystery. When I look at the indexes and the breadth indicators I am neutral to bearish; yet I have more longs on this list then shorts. That is partly because I think some industries are just doing better than others and because I don’t actually have many set-ups. I...
The bottom line is that there really isn’t that much new to say regarding the markets so I will keep this brief and highlight some things I think are important to keep track of as the chop continues. I’m seeing many people expect some type of resolution to this chop next week. It’s possible and […]
Among many other things that I provide all week to my members, each weekend I post open interest and my thoughts. For those who have asked here is what I posted on Saturday before the week began. You can see many of them worked nicely if you new where the levels were. One thing I […]
Last week before the close I told my subscribers that I felt a nice gap up coming. I then wrote about my expectations for a bullish week to non subscribers here. So far that is looking good as well as the transportation and industrial sectors as I mentioned. Our entire watch list pretty much triggered […]
These are typically more helpful on monthlies than weeklies so I put all of the usual’s instead of just the ones that stick out more. Hopefully we can get some good short term trades out of some. AAPL: Last week I described exactly what would happen and it happened perfectly. This coming week I’m not...
Hope everyone is having a nice weekend. Before I begin, I wanted to let you know that I am making a change to how I will be calling out trades. The way I have been doing it just isn’t working due to the variety of subscribers I have. I have been trying to pick strikes...
Another week has gone by and little has been resolved in the markets. Pretty much everyone is clueless and making up explanations for every movement that takes place. This is the type of environment that is wise to be patient in and to cut back on trading activity. The QQQ and IWM are still removed […]
It’s me one more time. Just wanted to update our open positions (most that aren’t doing as well as the ones we have closed). I have notes on all of them. The notes are to tell tell you what my thoughts are regarding our position, but also they are there to educate you. ...
Here are the ones I find have anything usable. Again I want to note that these haven’t been working as well in this choppy environment as they typically do because they change so much during the week. But doesn’t mean I am going to stop monitoring them :-). AAPL: If I had to guess, AAPL...
Hey Guys, happy weekend to you all. First I want to acknowledge and give a shout out to those of you that have now been with me for a month and have decided to stay. I appreciate you believing in me and taking a chance on the new girl. I want you to know I am constantly...
Every week we see that markets are near highs. We read and hear that we “are due for a correction,” that there are bearish divergences based on endless indicators, that we are in a bubble that can’t sustain itself. And yet, we look at the indices and nothing looks ominous. Yes the QQQ‘s and IWM have […]
Summer of Set-ups
The statistics state that we are about to embark on the worst two months of the year for stock returns. I say rubbish. How great would it be if Wall Street was trying to enjoy their Hampton summer homes expecting dreadful market returns in June and July only to be met with fear of missing […]
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