E-Mini Swing Trading
Discretionary Trading
System Trading
TRENDING
Archive for September, 2008
Most Recent
 

Early post…

Read More
September 30, 2008

Early post…

I had a friend come into town yesterday that I have not seen in years, so I am going to go ahead and publish tonight’s post now, and potentially do some editing real time if need be, so I can jet outta here at the close.  There is not much to say here.  We’re up, the financial markets survived another day…  Markets are near term overbought (intraday) and at resistance levels.  The stage is set for a big move tomorrow.

Like Mole said yesterday, the market completely crashed.  We know there are a few things we should expect after a move like that.  One is a “volatility crush,” which the $VIX is gladly giving any poor sap that trades options.  [...]

4262
 

Intra-Day Update: Keep Your Powder Dry

Read More
September 30, 2008

Intra-Day Update: Keep Your Powder Dry

UPDATE 9:50am EDT: The markets seem to have quieted down on the following headlines:

•Stocks in U.S. Gain on Speculation Rescue Plan to Pass; JPMorgan Advances

•Senate Will Try to Revive Bank-Rescue Plan With a Vote as Soon as Tomorrow

Overnight the London interbank offered rate (LIBOR) reached an all time high on the failure of the bailout plan, and the market sell off.

“The money markets have completely broken down, with no trading taking place at all. There is no market any more. Central banks are the only providers of cash to the market, no-one else is lending.”

-Christoph Rieger, a fixed- income strategist, Dresdner [...]

1309
 

Low Low Low Low Low…

Read More
September 29, 2008

Low Low Low Low Low…

I’ve been saving this video for a special day – crank it up and enjoy it while you count the insane amount of money you’ve made today – this one goes out to you, Tim Knight!

I’ll get right to business, because frankly I’m completely exhausted and I also don’t want to bore you with breadth stats and other technical mumbo-jumbo. The market completely tanked today, we all know that. So, let’s solely focus on the one question on our mind: What will happen next?

SPX targets and variations in paths.

The boys over at the PPT (and the market) weren’t prepared [...]

2017
 

Intra-Day Update: PPTPL Alert

Read More
September 29, 2008

Intra-Day Update: PPTPL Alert

Not going to waste your time with any chatter on how sweet this move was. Yes, it was more than any of us had hoped for going into the weekend. However many of us didn’t catch much of this one, but that’s a story for another day. Something I NEED to caution you guys about as we’re nearing the closing bell is that we’re dangerously close to the PPTPL again. Take a look:

Back to the PPTPL.

If you’re holding any puts, 3:55pm EDT is a good time to close out. We don’t know what the PPT will come up with overnight, they are surely holding emergency meetings as you read this. Perhaps we get [...]

1810
Latest Posts
 
Read More
488featured image
Bitcoin At $50k – We Are Back!
 
Read More
144featured image
Bitcoin Is Back On A Rampage!
 
Read More
329featured image
What Really Moves Modern Financial Markets

 
Read More
188featured image
Bitcoin Correction Scenarios
 
Read More
172featured image
Bitcoin Hanging By A Thread
NEW! Market Statistics
Cognitive Bias Carousel
  • Evil Speculator 101Evil Speculator 101
    So I found myself waking up last night and habitually reached for my iPad to catch up on emails and check my systems. Of course I wound …
Popular
 
How To Pick Great Entries Like A Pro
 
Size Matters
 
A Legion Of Losers
 
Wake Up – Time To Die
 
Why Being Right As A Trader Is Meaningless
 
Welcome To The VOMMA Zone
Compare
Go