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Not a good start to the night session... Dollar up, Yen Up, Eur down, AUD down http://finviz.com/futures.ashx For the longs out there lets hope this is not a reoccurring pattern of things to come. All the moves are minor at the moment, but could this be the first signs of RISK OFF...

Up a little early so I figured I would update the journal on my thoughts for the week. The most important thing I'm keeping an eye on is the USD index sitting right on the 38.2% Fibonacci level of 80.34 if I calculated it right. Dollar strength against the AUD and EUR with a flat to...

Some of the "Fear" I see coming. AUD/USD approaching resistance level of .92-.94 which is the one leg of the carry trade that has been pushing the indexes. USD/JPY busting through 1.17 today then sharply correcting on the ADP is the only reason we got this little giddy rally today, but on a...

Well the news is out and like any good swing trade I like to sell the news....This has been a 2 month swing trade and was the only sector I played over the June Slide and the July rally(OILS ONLY). Looking back I can't think of a better sector I would of wanted to be in from the inception point...

Well I made some decent coin buying panic...So today I went on an Off Shore drilling nibble..... DO---57.50 NE---27.40 ESV---35.52 PDE---22.67 ATW---26.31 OII---41.88 Like I said this is just starter positions, but the price is pretty right. All very recent purchases and this is a...

Everything always looks a little different when you price it in gold! Go ahead back the charts out as far as you want.(the gold anomaly of the 1980's not included) CHARTS THE WAY I SEE THE WORLD.....NOT THE WAY THE PROPAGANDA MACHINE WANTS YOU TO SEE THEM..... S&P priced in gold...

It's beginning to look like another one of those almost perfect calls in the Want To Share Journal (Just tooting my horn). I'm not sure about you guys, but the stuff that I was unloading (Higher Beta overweight materials and commodities like I always do) from 4/17-4/27 (My two warnings) sure has...

Unless the verb-age changed in the last few years. A Covered Call strategy is where you own the underlying and sold upside calls on the position. Example: 1000 shares of X at 50, sold the May 60's and collect the premium. X goes up you make money till 60 strike then you give up gains...

Covered Call or Naked Put? I think today answers that question pretty quickly. $COSTAverageMAN

My thoughts is that it was forced margin selling by brokers on their clients accounts, because price was something they just did not care about at all. If it's your money you care about price, if it's not well any price will do.... Well when the ES dropped over 50 points in just a few minutes...

Cinco De Mayo Fat finger trade. Like I said earlier HFT and ZIRP leverage allows some serious Margin calls that blow out any bids that are trying to support..... Cost supported the market there during the panic....Something about sitting on that much cash and watching things blow up in...

“Oh what a tangled web we weave, when first we practice to deceive” Sir Walter Scott. Thanks Coolweb for the compliments. I'm getting to old for this. ZIRP, TARP, HFT, FINREG, Sovereign defaults or bailouts (who knows). I can go on and on and on, but then again it does feel good to...

Oh well. 4, 2, 10, 9 for the Superfecta I had 4, 2, and 10 all over just not all together. I needed more combos

Derby Day: Boxes: 1. 1,4,10,16,18 2. 2, 6, 8, 12, 19 3. 5, 7, 2, 16, 14 4. 2, 1, 10, 7, 14 5. 4, 7, 12, 16, 19

61.8% Fibonacci level for DJIA was 11234.56. Traded around it yesterday. For the SPX well we got close enough. Only time will tell, but you got my warning.

Thought I would come and update the journal with these 2 pictures. As for me. Happily retired with the wife while quietly trading to keep the old brain fresh while we travel and really value whats important in life. As for the photos above, DRAW YOUR OWN CONCLUSION. Would be very...

A nice little intraday 15 min chart of the action as well. It all went down in 45 seconds. BTW for those that remember me it was my 72nd birthday yesterday...The old man still got it.

I love how the premium sellers capitalized on the move. Personally Nice screen shot of the "during" option chain prices and the "after" option chain prices for March calls.

Sure I can....Buy a Put and Buy a call of the SPY at the same strike and "tada" you are now long VIX....Then roll the thing every month...Theta working against you probably better than this contango.. And for the S&P you can short SPY or go long SH (Even though SH has some flaws as well)...

I like how you use the word "Fight" the effect of contango... Now I may be old and a little outdated, but when you are selling Feb futures daily (like you pointed out) most likely hitting the BID and buying Mar Futures most likely paying up at the ASK with little regard as to what print they are...