The sudden deterioration in the short term indicators is a little troubling to me. While I am defensive, the longer term weekly up-trends are still up.  Last month, the market weakened considerably early  in the month, only to come charging back by options expiration.  We do not know ... Read more

So after seeing the FAZ/FAS combo go from like $110 to $25 in a mere 4.5 month's, Direxion has a better idea for their next batch of leveraged ETF's. The company's previous ETFs have used daily returns to calculate a fund's performance. By contrast, the new ETFs would track monthly prices ... ... Read more

and all I got was this lousy EOG trade. Actually, it was a good trade. But it is days like today that make me re-think my new "only trade the first few hours" philosophy. EOG gapped up and printed a strong first bar. The second and third bars narrowed in range, with the third bar resumin ... Read more

FINTAG COMMENT Glimmers. Just as a glimmer of hope glimmered across the horizon the other day and nervous investors and traders dreamt of better times, that old black dog has started to bark again. Bear markets are difficult to trade because they are not linear in the short term and unlike a wate ... Read more

Not sure why I'm going to waste 10 minutes on this, but if we had a -3x CNBC ETF, it would have hit FAZ-like highs this morning. Here's the chart of the action today. Somewhere in there, I believe around 10:45 or 10:50, Obama spoke for 10 minutes. CNBC then argued for 10 minutes over how resp ... Read more

VTR came across the scanner late in the trading day.  I almost didn’t hit the trigger since I had such a great trading morning. But sometimes the patterns are so compelling you just can’t pass. Trading is really about having one or two simple patterns that you trade and trade ... Read ... Read more