We have a slightly confused market right now, which means tread carefully. Tread carefully means only go for the plumb setups and make sure you protect your profits early. It works! How can I tell it’s a confused market? Several factors: Great setups aren’t breaking out properly There are many setups for both bullish and […]
Tag Archives: Reversals
Again, I hope you’re keeping well and safe. It’s just one week until my OptionEasy Bootcamp where I’ll be showing my newest release of software to help combine safe options strategies with optimal OVI setups. Whether you want just the simplest leverage, or your focus is on maximizing regular income there’s nothing quite like this […]
I hope you’re keeping well and holding up during these unusual times. It’s a curious situation where we feel huge empathy for our fellow beings, and yet we have here the tools and skills to grab opportunities at the same time. The mitigating factor is that no harm is caused to anyone else just because […]
Here’s what I said last weekend: In the meantime the markets are exhibiting a short term retracement on the 1-month trend while the 2-month trend still holds for now. Also, perhaps surprisingly, is how the broader index, the Russell 2000, is holding up quite robustly. Well that counts as the understatement of the year! The […]
Last weekend was a good call to stay quiet in this news-driven choppy market. BUT … you must keep alert because things can change very quickly, literally in a matter of a few days, and we get paid to be patient but on our wits. This week is much the same … just keep watching […]
Here we are at the halfway point for the year … Earnings is just two weeks away and this recent news-driven market is potentially on the cusp of making its mind up to reach for new highs. Now, we do live in slightly curious times where even one sniff of news can impact the market […]
Last week I mentioned that the market could see whipsaws (as opposed to a comprehensive down-move), and to a certain extent that happened on Monday, and following the reversal bar on Monday, the major indices followed through and kept running upwards. Big thanks to Glenn for stepping in for the last two weeks … as […]
Well that was a bit of a damp squib wasn’t it?! Last week looked poised for more upside with many stocks setting up bullishly, but then along came a trade war escalation and the breakouts didn’t materialize. This is one of the many great reasons for playing breakouts as per my EDGE trading plan. It […]
So we’re in the thick of earnings now and there are indeed several gems, both with the pre- and post-earnings OVI setups, though the straddles are a little more elusive right now. Your job is to stick with the most obvious setups and manage risk accordingly as per my trading plan. Do this and you’ll […]
We’ve had a great run with this 2019 market and it’s almost certainly time for a rest. Friday’s action signals a very likely meaningful retracement is on the way, but that’s not the end of the story. First, there will be strong stocks that don’t retrace much, and they will be the ones to focus […]
