Just two weeks ago the S&P 500 was down at 2000, and we currently are around 120 points higher. This “call” may seem a little late, but in the context of the range we’ve been in, this current move could just simply be a blip. Given the current situation, we have been in a cyclical […]
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Stalking a Parabolic Short Setup in GLD
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We’re Seeing a Blow Off Top in Silver
If you haven’t been paying attention, Silver has been on quite a tear lately. Here’s a daily chart of silver futures: The chart also has Bollinger Bands, which show us when a market is seeing movement larger than normal. And for three days in a row now, silver has been above its upper Bollingr Band. […]
Breaking Down the Brexit
During a slow summer trade, Great Britain rocked the markets by voting to leave the eurozone. The Dow Jones Industrial Average plummeted 800 points. It looked as though the end of western civilization was upon us. This harbinger of doom would bring plagues, locusts, rivers of fire… Cats and dogs living together! Madness! Yet, all […]
The Move In the VIX Doesn’t Matter
The way the VIX has acted over the past two weeks is something that I’ve not seen… … probably ever. The VIX has run from a low of 13 and spiked all the way to 21. Now this move on its own is not too crazy. In fact, I would consider this par for the […]
5 Lessons To Learn From This SEC Investigation
Shocking news in the option trading world has come out recently. A well known options trader has been involved in an SEC fraud investigation. The easiest path to take here is anger, or perhaps to mock the whole situation. And for those skeptics, a victory lap may be in order. Yet I’d like to take […]