I just checked the message que and realized the flood of questions regarding the bearish signal coming from the spread between volatility futures and variance futures. The fact that I posted this signal on Wed. was not a reaction to the rally of the prior two days, so I can’t take credit for the sell-off [...]
Barclays, after rejecting the need for a bail-out in an open letter sent to staff this week by it’s Chairman and CEO, continued to surge higher, posted another 11.6% rally in London on Tuesday. The FTSE is slightly negative as I write this, but US futures are pointing to a higher opening. Focus remains on [...]
I smell blood on the street today. Seeing huge spikes in Volatility and breadth is flashing PANIC. Safest way is to get long the S&P 500 but hedge away exposure to financial sector either via SKF long FAZ long. Lots of opportunities out there due to price dislocations. Arbitrage activity hammering financial names like Bank [...]
An incredible and unexpected event just took place in my life, and the things happening around me are just too beautiful to not document. Sharing my daily trading journal is different when the readers are anonymous, as is the writer. But add the “radio” into this equation (you know who you are), then it’s not so anonymous [...]
USO- Bulllish set up. Start buying big. GSG- Set up for long commodity macro play SKF- Def. going to at least 150. CMO/CMF confirming breakout. SPY – going to $80 perhaps. MON- Gap closed! CMF/CMO bullish divergence. CAT- gap closed, vol. spike t/l = $36.75 ACI- $14.15 BTU- $19 PCLN- at critical t/l with multiple [...]
Week of December 15 Dow stalling at 9000. Wed was typical inside day. Slower ma’s are turning up, mf still positive. Coal confirming 2x bottom and possible next leg higher. US Insurance – AFL, ALL, US Financial (IYG)- ALL, AFL, JPM Large Cap (BGU) Confirmed continuation moves with increasing vol. & slow/fast confirming: XHB(a+), XL [...]
Week of December 1 FRI:Can we bring on order mgmt. clerks to serve as my trading assistants? This would allow me to fully exploit my research. SPX likely headed for 800 then 760 IF 844 is broken decisively. JPM closed just above lower boundary of broadening d/t channel and above short-term downtrend suggesting rally could [...]
(A little early but market’s at emotional extremes and margin liquidations are taking place) Certainly a short term bottom but hardly anything else. This market is in deep … Anyway, for now minimum 5% – 10% bounce to be expected in general indices. Severely battered former fliers could rally as much as 50% to 75% [...]
I kid you not, the best way to trade is build positions slowly over time and as they show YOU relative strength in the face of fast and deep corrections in the general market, you should add to your line with the comfort of knowing you bought into a short term retracement. Here’s a reminder [...]
