7. February 2010 18:22
Friday's afternoon session saw a massive rally on the indices and across the board. By some luck as well as judgement (I was a bit wary about the impact of the Employment Report so thought best to take profits) I closed all my positions at about 2.20pm EST (7.20pm UK time just be... [More]
2. February 2010 18:28
You may have noticed that all the options symbols for US stocks have changed. I'll post more about that in due course. The net result willbe beneficial in the long term as the logic is more more transparent and flexible.
That's the good news ...
The bad news is that... [More]
28. January 2010 18:30
Yesterday's late rally suggests a wider retracement for the next few days. Current bear flags may turn into rounded bottoms, and weaker stocks will consolidate further until the next leg down.
If we're in for a multi-month bear correction, it would be great to have a steep retrac... [More]
25. January 2010 20:29
All the major averages have broken their rising trendlines on big volume so it's bear flags all the way from now.
I think we're headed for a MAJOR correction that will give us several opportunities to get in with shorts, sell bets or put options for months to come. Remember, the ... [More]
22. January 2010 20:38
Wow, high drama in the markets yesterday and the conspiracy theorists are all coming out of the woodwork!
Let's skip all the hyperbole and focus on prices. As mentioned yesterday, the markets were looking edgy and the OVI was turning down in a "beginning-to-be-meaningful" way. &... [More]