Check out Michael Covel’s trailer of his new film:
I read all of his books on trend trading back when – I strongly recommend you check them out. Spread the news to your non-trading friends and family – they might actually learn a thing or two.
UPDATE 9:30am EST: No, I’m not talking about the indicator. Last night I popped up my favorite MACD/stochastic combo and flipped through several hundred charts. And I quickly started to notice a recurring theme – 95% of the symbols I looked at had a MACD hovering around zero for the last week or so. This market has gone completely flat and there is simply nothing to do for us option traders when the market is flatlining. Sure, you can sell some iron condors, but frankly that’s not my cup of tea. Very annoying…
On top of that traffic on this blog has completely died down lately – I’ve tried to keep things interesting throughout the holidays [...]
There are always a few good trades out there – no matter what the tape. Here are some of my favorite picks for tomorrow:
Not so FAST! Nicely defensible right here – if it breaches 34.50 all bets are off.
FSLR: I think it’ll wiggle down to the support line where I might try my luck at some calls. If it breaches then we have a nice upper resistance to work with.
GOOG: Similar play here – I think this is a pretty defensible position. Grab some calls here and set a step a bit below the current lower channel support line. If it fails flip the trade and set a stop about where we are now.
MOS: Bit of a [...]
As many of us prepare our New Year’s Eve celebrations, we often also reflect on the passing year whilst sharing hopes and visions for what the future might bring. Some express the former by compiling a list of New Year’s resolutions which are mostly forgotten or abandoned just a few weeks later. But the passing of yet another digit on the annual calendar reminds us that the future continues to approach mercilessly – whether you are prepared to embrace that what lies ahead or not.
But it is not just common folks who are concerned about the future – in the global chess game of global power and influence government agencies are equally keen on being [...]