• Election Day, What Next?

    Election Day, What Next?

    There is also the possibility that the initial market move after the election is not the longer term move. It could just be a head fake to flush everyone out, and then move the opposite direction. Do you remember what happened after the Brexit vote in June of this year? Take a look at the S&P 500 chart below.
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  • The Zweig Breadth Thrust

    The Zweig Breadth Thrust

    I mention this because the oscillator finally reached oversold on Wednesday. This doesn’t occur very often. You can see from the chart below that we were briefly oversold for two periods early in the year. Once the oscillator comes back above the oversold line then we are “on the clock” to see if it can reach overbought within 10 days.
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  • Simpler Sentiment - Weekly Wrap Up 11/4/16

    Simpler Sentiment - Weekly Wrap Up 11/4/16

    The SPX currently sits at 2090, just 2 points up on the day. It has fallen every day since October 24 after being above 2150. So even with the declines it only down less than 3 percent.
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  • Customizing Your Chart Appearance In thinkorswim®

    Customizing Your Chart Appearance In thinkorswim®

    The process is relatively straightforward and can be accessed through the Style menu. All the colors I’m using are from the default drop down palette but you can use the other colors available as well.
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  • Tape Reading Using Options Time And Sales

    Tape Reading Using Options Time And Sales

    The option activity the last hour before an "event" is always more important. As seen, after the market makers hit the bid, the aggressive buyer returned, paying up to 1.35 right before the bell.
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