The Trend Model Trades Table should read “New Long” for DIA:
Fed tapering observation from Gary Kaltbaum:
….a whopping $10 billion/month taper…what a f—g joke…they are still printing $75 billion each month. Does anyone understand nothing has changed…we still have 0% rates and massive massive printing..this is a [Read more...]
VXX failed to followthrough with its early strength and remains in its downtrend. Tomorrow’s Fed day looks to hold all of the drama for the week, so I’m keeping the commentary to a minimum today.
Speaking of the Fed, an amusing chart of how prior Fed meetings treated the market:
***The dentist beckons, so I am sending this out an hour early today.
As I wrote this morning to the Short-term service, this is the last week before the effects of the Christmas/New Year holiday trading take hold, likely slowing everything down. On the other hand (there always seems to [Read more...]
The broader based [Read more...]
DIA Sell Signal: This is a major Intermediate Term Sell Signal. As pointed out earlier in the week, this signal in conjunction with extreme bullish investor sentiment readings cannot be ignored. Buy SDOW, the 3X bearish ETF for DIA/DJIA.
FB Buy Signal: Buy Stock or Feb. $47 calls @ [Read more...]
The purpose of my posting these two charts isn’t to play the part of chicken little, it’s to give a heads-up as to what could be the best trade of the year, whether that year be 2013 or 2014.
The ratio of bulls to bears has never (that is ever) [Read more...]
The tech bubble of the late 1990′s and into the first half of 2000 is back with a vengeance. We all know how it ended, with an 80% decline in the Nasdaq. But before the end aggressive traders made out very well over the course of the final two years [Read more...]
This market has provided some good option opportunities in both directions. By owning both puts and calls we are a diversified between both bull and bear moves. Remember that with our system options provide limited risk and unlimited reward. (Unlike marriage.)
Here are current interim results from the four recently [Read more...]