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August 23, 2016


Given unremitting sub hellish market conditions I am beginning to channel my inner Clay Davis although I may have to acquire a special breathing technique in order to deliver profanities of such outstanding quality. Quite frankly I haven’t seen a single chart I like today and suggest that you find something more productive to do with your time before you may do something you’ll regret later.

Swing traders with nerves of steel and Buddhist monk like dispositions are of course encouraged to play the numerous gyrations. If you do then look no further than the Zero for valuable pointers as to where to get positioned. This is the type of tape when the little [...]

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August 22, 2016

Just Put Me Out Of My Misery

You know me – I don’t complain often about the tape. But just like you I am merely human (well, sort of) and there are limits to the amount of mental agony I am able to endure. All summer we’ve been stuck in a game of slow motion ping pong, only to be interrupted by an obligatory shake out terminating at the 25-day SMA early this month. It’s been a veritable ten handle range of pain and I’m starting to feel like Phil the weatherman in Groundhog Day. Suicide is not an option and I’m way beyond embracing the pain. May as well have some with it.

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August 17, 2016

Resist The Dark Force

I am now forced to read my twitter stream with specially designed glasses in order to avoid accidental absorption of perma-bear bias via mental osmosis. Apparently as we are mere handles away from all time highs in equities popular wisdom ensures that we are are heading into unprecedented crash territory. You know just like the last time a few months ago, and then there was the other time earlier this year, and then last year around the same time, oh right and before that when rates were lifted by a few basis points. And who would be able to forget the big crash of 2014, which was almost as bad as the one in 2012. Of course nothing compares with the misery we all had to live through [...]

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August 5, 2016

Textbook Entry

The July payrolls just smashed expectations (in a good way) which is quite welcome news with equities holding steady and goldbugs once again lining up at the woodshed. “Hey, no cutting in line – you’ll get your turn but be advised we are running low on water based lube.” In retrospect our long entry this Wednesday near ES 2147 is now looking textbook which I ascribe less to my amazing abilities but to the fact that I show up for work every day, especially when things are looking boring. So another 4R in the bag thanks to good ole’ discipline. Yes, some of you cats may want to take the hint 

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2312Riders participate in the 74th "That Famous Preston Night" Rodeo in Preston Idaho, August 1, 2009. The annual event is billed as one of the region's biggest rodeos, bringing top riders and thousands of fans to the small southern Idaho town. Photo by Colin E. Braley
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Cognitive Bias Carousel
  • Loss AversionLoss Aversion
    The tendency to treat money that has already been committed or spent as more valuable than money that may be spent or acquired. Imagine two … more
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Option Basics – Debit Spreads
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