Silver caught my eye on Friday even though gold was getting all the headlines. There has been much talk about the potential for a break lower in GLD (here is one example of a technician’s …
Continue readingIn case you haven’t noticed, I like to look at metrics, indicators, and charts that are not as widely watched by other market participants. Like my post on Spain last week, today I am going …
Continue readingTrade Update 11:15 AM EDT – JUNE 1, 2012 TLT continues its amazing run this week, and I am going to take the opportunity to sell the balance of my June 124 / 129 call …
Continue readingI like charts that cut through the noise. Because each and every day, we are confronted with endless headlines, news stories, and opinions, the vast majority of which are just random noise. For example, it …
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I was perusing the market for cheap options in case the European financial contagion continues to worsen, and I found my trade in the most unlikely of places: Canada. My first job as a trader …
Continue readingTrade Update, May 31st at 12:45 pm: OXY is retesting its recent lows again today with crude selling off, and it bounced at the important $78 level for the second time, so I am going …
Continue readingThe past month feels eerily similar to mid-summer 2008. But it’s a bit of a remix. Back then, I remember quite vividly, many investors acknowledged that the U.S. banking system and housing market were in …
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I will be talking about MS on Talking Numbers between 3:20 and 3:30 pm on the Closing Bell with Maria Bartiromo. Putting all the other fundamentals in MS aside (Facebook fiasco, JPM whale causing increased …
Continue readingTrade Update 09:37 AM EDT – MAY 30, 2012 TLT finally broke to all-time highs today, as it had tested that level a few times in the past couple weeks, but today is the clean …
Continue readingI generally try to avoid joining the media frenzy around a particular market topic because the media tends to distract me from the “real” story in many cases. Today I am making an exception. The …
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