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Here was my thought process in BIDU today.1. BIDU is below the important Premarket support so I am looking for an Opening Drive to the downside.  I feel very smart after the 3 point downmove.2.  BIDU bounces after it fills the gap but I find an area of intraday R.  I feel very smart after finding this level and BIDU trades to the lows.3. Accumulation at the gap fill near 143.25ish.  There is a br
By trading trends we never miss a major trend. We only need to have faith in the system, and trade it. When the inevitable next big move occurs, we are thus guaranteed to be profiting from it.
New Credit Spread Options Strategy – BetaThe window dressing that typically occurs during quarters end is in full effect.The Russell 2000 (IWM) has charged higher over the past four trading days and yet the 86/88 IWM put vertical that I sold is still well-positioned. At $82.90, IWM is still roughly 3.6 percent away from the [...]
1:45pm (EST) Following last week’s explosive rally, we said this morning that today could be a flat as the second half fireworks will come in the back half of the week.  Earnings were a nonfactor before the bell and economic news was so-so with May Factory Orders coming in at 0.8% after a 0.9% decline [...]
10:35am (EST) For those of you who use our cell phone alerts and Twitter updates, we have just released a NEW TRADE recommendation.  Please check the Members Area or you email inbox for the update.
Quick Options Strategy ReviewThe High-Probability, Mean-Reversion Options Strategy reaped another gain today. The successful trade pushed the strategy to a new high – +43.1% since its inception eight months ago. You can see the performance results for the High-Probability, Mean-Reversion options strategy here. The success has been incredible so far and I am nearing a limit [...]
What is an option you ask? More importantly, how do I use options to enhance my portfolio returns.The second question is by far the more difficult question to answer because it requires a personal look into how you see yourself as an investor. One thing I I can guarantee – there is an option strategy [...]
The daily chart for Streettracks Gold (NYSE: GLD) has broken down and is forecasting lower lows.
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