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I think you have to use these patterns in context. Right now we are over 30% off the highs in FCX, also FCX is basically an emerging market play. Check out EEM and you will see the correlation is very high. In order for this pattern to play out you will have to get a huge downmove in the...

Hope everyone has been noticing this...this market has been gaining new leadership during this down move. When the tape changes, here are some of the sectors that could take the lead. Transports, Healthcare, Staples, and the biotechs!

Here's what I am watching in the next couple weeks. There are some bullish patterns setting up and I think we are likely to setup for a rally into the fall. Here's a neat chart for all you technicians...this pattern is a bullsih one!

CASH 1320 level...we are here. What do you think guys?

This Rally has brought us to some higher levels pretty quickly. I was anticipating a rally but even this surprised me. At this point we are overbought. McClellan oscillator reaching some overbought levels. I think some digestion would have been healthy, but from here It will be tough to get...

If we took out that swing high, we would probably be trading 1200 in the SPX...I personally think it hold FWIW. Vol trades much differently than stock or indices...when it comes off it will come off. No retests here, again just my opinion :)

Heres the attachment!

First Time we have a close below 20 in the vix in over a month! What do you think King?!

I honestly don't know what they are looking for...could be alot of things. Why do you think they are looking for prop traders king?

Anybody signup for the MBF trading Challenge?

Yea the volatility in crude was really cheap a couple months ago. Volatility is cycical tho, those bets payoff when cycle changes occur not as good a bet now to put that strangle on as vol is a bit juicy! Lol

If I had to make a guess I'd say he is running a volatility breakout type system. So he is chasing price and that makes it tough to enter with limits as the market is moving in the direction of your trade. If you are exiting into strength/weakness then you could use limits? I you are letting...

Looks decent. Profit factor of 1.4, looks like you have something that has a relatively low winning percentage but relatively large winners to account for that. Not amazing but solid from the metrics. Do you mind showing your max peak to trough drawdown? Do you know how correlated your...

So we are in the middle of June and so far the price action in equities has been decent. Bonds have been stubborn and continue hold the monthly a down...that is a key level in a very stubborn market. There's a decent amount of monthly aups in the sectors I watch. Some notable names, DIA, XLF...

UUP hasnt made an monthly a down since last year...this IMO is a big tell.

Gold above Resistance, gold hasnt made an aup since January...this is one to watch as it makes its to the monthly aup!

Yea...but let me ask you this....if you did look at any news how would you be able to do any of the above? How would you know to take profit into a release or even get in early and stay late if you didnt know the catalyst was going to be present LOL

Totally agree, if you are doing any type of stat arb or mean reversion you dont want to touch news driven stocks!

LOL if only it were that easy...

No, many times companies with news will have the best moves. Because there is real instituational order flow in these names. You just want to be aware of these events so you can plan your trading around them. When you know some news has been released or will be released into a stock it gives a...