Toby Crabel wrote the first book about short term trading with filters. His book Day Trading with Short Term Price Patterns with Opening Range Breakout detailed his research. It is the bible for short term traders. His book is in very short supply. Amazon only list three for sale with $665 as the cheapest one. […]
I covered my short calls previously. Today I bought in 50% of my short put deltas. I am long the Sep 1275 puts from our divergence signal. We have over 100 points profit in the SP500. The SP500 traded higher than a previous high today. Also, Wednesday is a FOMC meeting so I’m locking in […]
I bought in my short Sep 1545 calls on the Sep 1275P 1545C risk reversal during Friday’s action. I also bought is some of the short put delta. We may get a small bounce from these levels.
An alternative to online stock trading is contracts for difference. Contracts for difference are a contract between two parties concerning the price of an underlying. They are similar to futures contracts but don’t have a fixed size or expiration. They do require margin. Typically, the margin is about 1% to 10% of the underlying. […]
A few good articles for your reading pleasure
How Bernanke’s Banker Rescue Spells Their Demise Michael Lewis Bloomberg
The Fed and the Price of Rice WSJ
How Obama and McCain Will Affect Your Fund Investments Marketwatch
We start with the first niche, Spinoffs. Companies may spinoff a unit for varying reasons. It may be a way to shift debt or concentrate a segment. It creates an economic anomaly with a few properties
Investors may be forced to sell the spinoff since the new entity may be a different class of investment. This […]
Our short signal was activated this morning on the open in the SP500 at 1395.75. We had a low Daily Average True Range and a High Russell SP500 spread. The signal was activated when today’s open was below Friday’ low. The chart below shows the indicators.
It’s Only Going to Get Worse Lawrence Lindsey A sobering look at housing
Six Principles for a New Regulatory Order Lawrence Summers Offering a road out
