Dates for Optimizing Your Options with Elliott Wave and Fibonacci Training are posted. Check the Members’s Home Page. NDX makes a new high and we’re positioned on the long side, but is it a B-wave false break or the start of a new motive impulsive wave?
Indexes made a run towards the top end of resistance, but do they have the juice to push through? This kind of market is a strong “I don’t know” and I’m not ashamed to say it!
A bit of a ramp job into the close after the wave 3-of-3 breakdown failed and it looks like short vega range trades is the way to go.
Strength in the indexes point to sideways-to-higher price action. New trade in gold and will the USD implosion continue?
This is an exclusive, members-only webinar that takes a deep dive into our current positions, potential trade setups, our trading methodologies, and have all of your questions and comments addressed! (more…)
Stock indexes rallied back threatening the triangle for at least a few months so we moved into the income unbalanced fly, along with 2 new long positions in stocks that are uncorrelated to the indexes.
Should be a busy week in the macro markets as there will be a lot of fundamental data released. The triangle outlook is still in play as much as we want the markets to drop – trade what you see, now what you want.
Continued concerns about crumbling bond prices crushing stocks voiced by Paul Tudor Jones, no less. It’s getting interesting and we’re making money in here.
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Stocks selling off as our short positions kicking into gear. Is this the top? I’m not sure yet, so let’s book some profits in SPX and then reassess with some extra jingle in our accounts. New shorts in XOM as crude inventories disappoint sending crude lower. (more…)
Jerome Powell speaks and says we’re still a go for 3 hikes and stocks sell off. We are moving into the SPX butterflies to take advantage of downside C-wave within a larger correction that lasts through H1 of 2018.
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