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This has everything to do with OPEC. They have set supply flat for the past 6 months. Oil demand in the world constantly rises over time, but usually OPEC increases output at a similar rate. Huge manipulation by the Monopoly. Also, remember the new futures exchange in Iran that went online a...

Maybe if I changed my Username people would take me more seriously. Keep scaling in on the short side. Do not buy the dips. A railroad train is about to run over the longs.

I added some RTH puts this morning.

Drop Qcharts and go to Esig. I've used both and they seem to just keep Qcharts around because there's still a large subscriber base. But they don't seem to care about it.

I've read a lot of people here posting about the rebate checks. But any effect that they were going to have has been negated by the higher energy costs. Inflation is going to be the next problem the fed will have to fix. So, for now the short side has a huge advantage. If the fed starts...

May 6 was a huge headfake. When I saw the squeeze from Fannie Mae, I was sure something was up. Their results were almost catastrophic, then the shorts got squeezed hard pulling the indices up with it as a hedge. With many other things lining up, it was only a matter of time for the prop up to...

Back to the original question. My opinion is that it doesn't matter. News fits the charts. If the market gets at a level where it needs to sell off, then if Obama wins it will sell off. But if it's not this, it will be something else. The market does not price things in or out, the sentiment...

This trade is not a scalp. It's a trade I will be holding for weeks if not a month. I am short ES and bought QID. I will also be buying some puts on some NQ leaders soon. I will post. But I never marry a position, if something changes, I will stop out. But for now, the market is acting...

I started scaling into my short position at the pop this morning at the open, will add the rest at close today. I need follow through though, I don't want a one day wonder here.

This is the only correct response to this survey.

I understand all this, but we have seen a huge move in a month's time. What is your upside target from here? We reached my target of $spx 1420 today.

I don't know anything for free, but a subscription based service that I swear by for options trading is: http://www.hamzeianalytics.com/ It has scans for high market implied volatilities, put/call ratios in real time for each stock, and other stuff.

This is the time I've been waiting for. I closed all my longs this afternoon and am seeing a lot of divergences in breadth. I'm hoping wednesday has one last squeeze to the upside so I can get a good price to put on a short position. I've been bullish for the past month, since the bear stearns...

Inflation is out of control. With the big TAF auctions the past few weeks, you can see what it is doing to every major market. There is going to be a very big correction from here, once all this liquidity is done pumping into the system. January price action will be nothing compared to what's...

The amount of bullishness on this board today gives a hint that a pullback is due very soon, a big one.

Short squeeze. Lots of hedge funds are short right now.

They're dreaming. The day oil hits 200, the US military would confiscate the oil fields in Iran, Iraq, and Venezuela.

As a Vegas local I can tell you that there is excess capacity now from the last 7 years of growth. So, of course a downturn will affect the strip more than it used to. And you must also take into account that Vegas has the highest foreclosure rate nationally. The local market is dead. Watch...

Man, what's with the rise in support of government intervention. Governments are not all knowing entities, they are made up of people who have their own personal interests. Price controls and government intervention cause shortages and bubbles. Free markets do work, the problem is that...

The next two weeks will put your theory to the test. The time is now. AAII investment survey shows extreme optimism. $SPX is now above 1400 and basing. My idea is that we get one last huge upside move this week, get everyone saying the bull market is back, then bam another shoe drops and we see...