Let’s face it. So far in 2016, these markets have been bat shit crazy. I know I’m not supposed to say that. I should say “volatile” because that is more professional. Polished, even. But let’s call it what it is. Bat shit crazy. It’s like you’re trapped in the ring with an enraged Brama bull … Read more
Many traders only focus on the PRICE analysis of the market. I do a ton of price analysis using the Fibonacci ratios on multiple markets every day. What many miss however, is that you can also refine TIMING of the market by using the same Fibonacci ratios used on the price axis of the market … Read more
We experienced another manic day in the financial markets. The indices cannot hold an overnight bid and the one flight to quality market which lagged well behind…the 30-year U.S. Treasury bond is now maintaining a solid bid. The money is coming out of stocks and into the bond market. As these equity markets continue to … Read more
Over the weekend, I was reading about the all-time record in auto loans and the potential for a bubble in a sub-prime auto loan sector. The stats are pretty scary…. All time high on the average length of loans (67 months for new cars), all time high dollar amount being financed (29k for new cars), … Read more
One week ago December Non-Farm Payrolls were released at +292,000. Revisions for October and November were +50,000. The 30-year bond future (ZBH) traded to a low of 15414. Five trading days later a flight to quality bid has returned to ZBH and this market is five full points higher. When flight to quality buying artificially … Read more
As options traders there is 1 day out of the month that usually carries a bit more weight than others, monthly expiration. This is the 3rd Friday of every month and tends to get trader’s attention as contracts in this series either have to be closed or rolled to a further dated expiration. That’s typically … Read more
How much time have you spent in front of your computer, searching for the latest news on the markets? Combing through directories, trolling twitter, asking questions … all in search of the answer to the soul-consuming question. Why? Why is the market doing this? Why is AAPL off its highs? Why did FB just drop … Read more
As I am writing this, the DOW is off over 500 points and the S&P is off over 50 points. Not a fun day if you are long. In fact, as you may or may not know, this has been the worst trading start for January of all time. I feel very fortunate that since … Read more