I have gotten a few questions from readers who have gotten a little turned around with the market moves of the last week. Given last week’s strong performance and what appeared to be an agreed …
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Market Touch: 9/8/11: Yesterday’s opening gap followed by a close on the dead highs was nothing short of impressive. On a technical basis, the SPX is in a constructive uptrend as noted the last couple …
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Market Touch: 9/7/11: Yesterday’s rally off of the opening lows was quite impressive to say the least…..in the face of a 2 day, almost 6.5% sell 0ff in the DAX, the SPX did the unthinkable …
Continue readingUpdate Aug 25th, 2011: Last week when I put this trade on I suggested it either as what I deemed to be cheap portfolio protection through the lows that we made the previous week or …
Continue readingUpdate Aug 24, 2011 at 10;45am: I covered the Aug26 weekly 105 puts this morning for .04 and bought more of the Aug26 weekly 110 puts at .17……..I still think there’s a strong likelihood that we …
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Next Friday FOMC Chairman Ben Bernanke will give a widely anticipated speech at the now infamous Federal Reserve Bank of Kansas City Annual Economic Policy Symposium held in Jackson Hole, WY. The SPX is about …
Continue reading2nd Update Aug 4, 2011: With the market making new lows I thought it was important to update this structure and talk about trade management. This trade structure and its usefulness can be very instructive as you …
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With the SPY consolidating here (132.26) I just placed a quick bet to profit in case it breaks down and the market selloff continues.
Continue readingI wanted to take a moment to highlight this portfolio hedging strategy (below) that I discussed on the site 2 weeks ago…..not to do any sort of victory lap (market only down ~2.7% since then, …
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Readers of this space know that I have a hefty dose of skepticism as it relates to this market, and have become increasingly convinced that the market is going to correct 10% over the next …
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