Search results

Does 1340 hold or does it get taken out? Time frame: the next month. Looks like there is either a nice W bottom pattern setting up or a head and shoulders that has to resolve lower.

Having an option writing strategy on an index as a complement to your other strategies, for example, a call credit spread, or legging in and out of an iron condor on the swings can be helpful in the scenario you painted. http://online.wsj.com/article/SB121295844546455357.html

This is the 1st in what will be several months of verbal attacks on the US and a racheting up of the sense that we are alone, rocking American's sense of security in the world. I think that it is an effort to help create a mood in the country that is helpful to McCain. The reason is that the...

http://www.frontlinethoughts.com/pdf/mwo060608.pdf John Mauldin's latest, always worth reading what the man has to say. More grist for the mill... http://www.bloomberg.com/apps/news?pid=20601213&sid=aWaReGVrnTHk&refer=home

Just saw the piece in the WSJ about oil companies saying the price of oil is so high because they don't have access to potential large oil reserves. I generally don't like conspiracy theories but one where the oil companies themselves are driving up prices so that they will force governments to...

The system is so complex that solutions to big problems once they start, like the insolvency of a large primary dealer, are not events that can be facilitated with subtlety, there is no time, they necessitate a sledge hammer approach. If you haven't already read Bookstabber’s "Demon of our...

All true but there is a cycle to the news (I don't think of CNBC as a news source if I think of it at all), by design perhaps I don't know, and it influences sentiment. If you can get in sync with that cycle it can be a helpful trading tool. For example, horrific news comes out and the market...

I had dinner with a guy last week who worked for the Fed for 30 years, retired in 2004 as a Senior Economist and there was no doubt in his mind that the Fed must have felt that they had to do what they did with BSC, such an action is anathema to the Fed and had it had any other option it would...

Nail it ET style :D

Yeah I am , on the DOW :D j/k 1290-1315 is where I hope to take some profits.

Despite the VIX volatility is significant and making macro prognostications is all well and good but plenty of money can be made on these large swings easier risk and trade management than trying to stick with some major downtrend through prolonged counter trend rallies(look at Market surfer's...

I've been trading since '84 and I have never seen anything like the stresses on the financial system and economy that currently loom so large, the savings and loan crisis was bad but it pales in comparison to what potential threatens the US markets today. Thanks for reminding me about earnings...

Agreed ByLo. Look at the main page of debka files and there is little doubt that with such political forces in play oil is not coming back down any time soon, in fact it has the potential to go much higher. The reality of the housing situation is starting to finally hit home, the spring...

The $ is in a very precarious position here, cut and it will sink further and hello $5 gas. Foreign banks are going to start hiking, at the same time they are going to be forced to get more aggresive with $ intervention but they won't do that if the US cuts (and see Bullard's comments just...

He also called the current rally in US equities back in March.

Taking half off here.

Look for the short squeeze this AM

He got one memo too many from Bill Lumbergh about the cover sheets on the TPS reports...

Bought XLF on close, looking for a quick 5% stop 1% close.

Learning to trade is like trying to ascend from Dante's 9th circle of hell, most people never make it out, some are stuck forever in purgatory, and the lucky industrious happy few make it to heaven. Trading is difficult for each individual for their own reasons.