Financial media pages are full of hindsight. The problem with hindsight is that it does not make any money for investors. Investors need foresight. Unfortunately, foresight is hard to come by. Further, investors face the difficult task of figuring out what works and what does not. Based on my 30
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) QUADRUPLE WITCHING DAY June 21, 2013 Today is the quadruple witching day when stock index futures, stock index options, stock options, and single stock futures expire.
This post was just published on ZYX Short Change Alert. Yesterday we recommended shorting a 5% tranche of SPY and a big tranche for those not in the position. Consider taking profits on the 5% tranche from yesterday right here around $159.45. For those who initiated the position yesterday and have
This post was just published on ZYX Short Change Alert. Consider adding a 5% tranche to SPY in the zone of $164.90 to $166. Those not in the position obviously may consider entering a larger tranche in the order of 15 to 20%. Due to high volatility, no stop for the
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) GOLD AND SILVER SPIKE ON HEADLINE PPI NUMBER June 14, 2013 Gold and silver spiked on headline Producer Price Index (PPI). Headline PPI came
This post was just published on ZYX Short Change Alert. Adding a 10% tranche right here in the zone of $162.91 to $163.20. A tight stop on this tranche in the zone of $163.57 to $163.77. Target later. We will treat this tranche as a trade around position to the longer-term
Both the stock and bond markets are becoming increasingly volatile. Going back 30 years, high volatility is common after a sustained run and subsequent to the appearance of technical patterns that indicate a reversal. This time is no different. On May 30, I wrote about how an island reversal was highlighting
This post was just published on ZYX Short Change Alert. The stock market is increasingly becoming volatile. Going back 30 years, high volatility is common after a sustained run and subsequent to appearance of reversal technical patterns. We have previously pointed out ‘outside day’ and ‘island reversal’ patterns to you. The
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) EMPLOYMENT DATA OFFERS NO CLARITY, MILDLY NEGATIVE FOR GOLD AND SILVER June 7, 2013 May Non-Farm Payrolls came at 175K vs. 159K, in other words
On May 23, I wrote about the market forming an ominous technical pattern. The pattern I discussed was an “outside day” which is a reversal pattern. Now, days later, the stock market has traced out another reversal pattern called an “island reversal.” You can see the pattern through the link below.