Arise and be free
After the biggest breakout in the past five years the SP-500 has finally started to sputter as it digests the gains of the past two weeks. We had to close a lot of positions in the wake of that run-up–but now the scene is looking better for some prudent premium harvesting. So Read More …
Last week the markets enjoyed their biggest 4 day surge of the year. That was impressive, but so far this week–not so much. Last week's trough to peak 119 point blast higher on the SPX was enough to make us roll one spread up–but we still managed to bag some incredible profits including Read More …
This past Friday the markets had fits, from a surprise decision by the Brits (corny I know–but I couldn't resist). Fortunately we managed to dodge the shrapnel with a call spread on the RUT yielding a 9-day 23% profit, and an SPX spread expiring for a 9-day 27% gain. Plus we've got Read More …
This past week traders have been getting increasingly nervous that the Brits will vote to exit the European Union–an event that has been likened to a bomb hitting the markets. All that worry however has created some pretty range-bound trading–and for us that usually turns out to be a good thing. So it Read More …
Ever since the market gapped lower last Thursday morning the lemmings are getting increasingly nervous with every rally an opportunity to sell. That puts a whole new spin on the 'market can only go up' axiom of the past month. The question is–do stocks have a whole lot more downside to run, Read More …
As this market climbs relentlessly higher no matter what, it leaves one wondering if trees grow to the sky? The answer of course is no–they don't. Everyone knows the market has to reverse–the question is, when? In the meantime we've been busy closing call spread spreads and trying to mitigate those costs. Read More …
We're sending out this week's update a day early as I'll be on a flight all day tomorrow traveling to the Marcum Microcap Conference in N.Y. City. That said Tuesday might be a better day to enter new positions anyway–and we'll see why in a moment. But for now traders are asking themselves Read More …
Overnight housing data touched a fuse on the markets today with the rocket taking off at the open reversing a 3-week downtrend. Fortunately that hasn't affected our SPX spreads much–for example this past Wednesday we bagged a 7-day 27% gain on an SPX call spread. The problem is our more aggressive trades–which Read More …