Simpler Summary 11/17/17

Simpler Sentiment: Monthly Expiration This week has been a bit of a rollercoaster in the indexes, but at the end of the day, we know and expect that monthly expiration is characterized typically by chop that can whip us around during the week, but we generally end up at the same place that we started … Read more

Simpler Summary 11/10/17

Simpler Summary: When Will This Trend End? “The markets have been cruising along, although there is an overall feeling that they have come too far, too fast. Case in point here is the Nikkei, which was trading at 19,000 six weeks ago and tagged 23445 this week before having a 1000 point one-day pullback. At … Read more

Simpler Sentiment 11/3/17

Simpler Sentiment “I feel like this may be one of, if not the most interesting, summer to winter transition that I’ve had the privilege of trading. I’ve heard of “the most hated rallies” before, but this one seems like it may take the cake. I look at it and say, remember 2 months ago when … Read more

Simpler Summary 10/20/17

Simpler Summary “The current markets have been acting like my mother-in-law. My mother-in-law is always frazzled, always late, and always trying to get somewhere she was already supposed to be. The markets have that same feel. It’s like they are scrambling around and pinging back and forth, but there is an underlying feeling they aren’t … Read more

Simpler Summary 10/13/17

Simpler Summary As we approach monthly expiration next week, we have hit yet another round of new highs in the indexes. The Nasdaq (NQ), Dow Futures (YM) and S&P Futures (ES) all knocked out new highs this morning, though they did it quietly. Even though the indexes didn’t have anything too exciting to say, there … Read more

Simpler Summary 10/6/17

Simpler Summary The market has been on fire this week, and it seems as though we got our wish – the markets made their break from the chop and they seem to have chosen their direction. The Dow, S&P Futures, Russel, and NASDAQ repeatedly make new highs and with those highs, new records. From Monday-Thursday … Read more

Simpler Summary 9/29/17

We have been sitting and waiting, watching the news (or in our case, watching the charts) to see which way this market is going to go. I did a pretty thorough review on the chop we have seen in the markets the last six weeks…

The Simpler Summary 9/22/17

The Simpler Sentiment The violent chop we have been experiencing in this market for the past 6 weeks has tried our patience. While searching for pockets of strength, it’s been difficult not to get caught up in the chop. I feel like a broken record as I describe how our indexes at extensions, though they … Read more

The Simpler Summary 9/15/17

The Simpler Summary This week marks not only monthly options expiration, but it is also quadruple witching. What does that mean? This refers to the expiration date in which four different types of contracts are all coming up on expiration on the say day. That includes stock index futures (ES, YM), stock index options (SPX, … Read more