It’s time for an update on my long SP500 put position. The SP500 closed at 1262.80. I’m long the Sep 1275 puts. The delta is up to 0.55. That means it’s 55% of a full short position. The sentiment indicator hit the lower band with today’s close. Small cap stocks in the Russell are taking […]
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.
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
Here are a few takes on the runup in Crude Oil
What’s Behind the Flare-ups in Oil Prices? Jeremy Siegel and Witold Henisz Weigh In
Blame Congress for High Oil Prices
Asian countries begin to burst the oil bubble
I will start a new feature today. I will review an investment book and give the highlights as well as how to apply their wisdom in today’s market. I will also include helpful tools like Internet resources, excel sheets, and programmed indicators and strategies.
Joel GreenBlatt How to be a stock Market Genius
We start with a […]
The Sell signal in the SP500 is flashing again. The market is $40 form our original entry but the Average True Range has not spiked and the Russell-SP500 spread has continued to rally. Both are hitting their bands. I will enter another piece of the Sep 1275-1545 risk reversal (long put -short calls) on the […]
A good article from WSJ about the last days of Bear Stearns.
Lost Opportunities Haunt Final Days of Bear Stearns
