Trying to look past the wild volatility that has gripped investors for the last few weeks, one of the more interesting developments we've seen has been the steady trend of the CBOE Market Volatility Index (VIX). The trend of the VIX has been somewhat predictable over the past several wee ... Read more

In the past few weeks, have you felt like you were in quicksand? By the markets' volatility causing a lot of uncertainly and P&L swings, does it feel like the harder you try, the worse things get? Do you feel overwhelmed? Well, you are not alone. These are very hard times in the m ... Read more

A trend is not your friend The IRS won a few tax court cases over the past few years; disallowing trader tax status and IRC Section 475(f) mark-to-market accounting (MTM, ordinary loss treatment) for "close call" traders. Unfortunately for all business traders, a ... Read more

  Market commentary for 06/16/2008   Good day! Friday morning's action was similar to Thursday.  The Indices opened with a gap up. This time we saw more weakness right after the open and the SPY/QQQQ filled ... Read more

The market is due for an oversold Bear Market Rally and it appears with the S&P 500 taking out its January 23rd low on Monday this may have set up a Double Bottom pattern in the near term.  The question at this point is how far will the S&P 500 advance before running into resistance.& ... Read more

This week the % of Bearish Investment Advisors exceeded the % of Bullish Investment Advisors by 10% (point A) which going back to the mid 1990's has been a rare occurrence.  In fact there have only been 4 occasions when the % of Bearish Advisors has exceeded the % of Bullish Advisors by 5% or ... Read more

If you look at a historical chart of the Dow going all the way back to the early 1900's on a Log scale there appears to have been two long term upside moves lasting 33 years.  The first one began with the Bear Market low in 1932 and ended in late 1965 (points A to B) in which the Dow gained + ... Read more

Everyone knows that in the long run stocks always go up. Our brokers and the smart people on TV have fancy graphs they show us that prove that over the long term, stocks only go up. They tell us that yes, from time to time there will be this nasty thing called a bear market, but if you just hold o ... Read more

This morning the market opened with a novice gap down to the previous lows.  Once it hit the lows the buyers loaded up the truck and off the market went to fill the gap and higher.  As a day trader I was waiting for the dust to clear to find out what stocks were on their own page.& ... Read more

You can see my market comments from last night on the Q's to know why I was looking short at the open this morning in the market.  I built my watch list from stock that were gapping down premarket and CCI came across my radar.  It's very important to have a game plan on both si ... Read more