June 14, 2011
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Quadruple Witching & Options Expiration (OPEX)
Quadruple Witching: When 4 different asset classes expire. Stock Index Futures, Stock Index Options, Stock options, Single stock futures OPEX = When options on FUTURES expire, 3rd Friday of every month, unless the first day of the month is a Friday. My professional traders will watch, and trade very selectively during Quadruple Witching, and don’t […]
Continue reading June 14, 2011
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Dollar looks confused trading in previous range as Crude Oil tumbles on demand concerns
The US Dollar Index fell yesterday afternoon into this morning’s trading session, pulling back into its trading range from late last week. Monday morning all signs pointed to ‘liftoff’ for the US Dollar Index (DX) but it appears that the ECB’s Trichet said something in his speech yesterday to calm everyone’s nerves…or was this the […]
Continue reading June 13, 2011
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Price Wedge was the only clue we needed day trading crude oil
800am est We wake up on a Monday morning to news out of Europe and news about the OPEX this week. We know the dollar is rising, the euro is falling (medium term) and we will look to capitalize on these this week. One thing on our mind will be OPEX/Quadruple witching, and we will […]
Continue reading June 13, 2011
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Inflation Explained; Cause and Effect
Great video explaining INFLATION. What’s YOUR point of view? Please post comments at the bottom 🙂
Continue reading June 13, 2011
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Apple’s ICloud will be a game-changer for day traders
Ive been hearing lots of people excited about the new Apple iCloud, and for good reason… But HOW will this change the game? Think about it…and post your comments below. Here’s a great video on the New Apple iCloud http://youtu.be/Rsn1RdOiGhU See you in our live trade room this week @ 745am EST
Continue reading June 13, 2011
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Trade the News Market Internals Update
***Looking Ahead*** – 11:30 (US) Treasury to sell 3-month and 6-month Bills – 16:00 (SR) GCC Foreign Ministers meeting in Saudi Arabia – 22:00 (CH) China May Producer Price Index Y/Y: 6.5%e v 6.8% prior – 22:00 (CH) China May May Consumer Price Index Y/Y: 5.5%e v 5.3% prior 10:30 AM Market Internals update at […]
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Dollar Index Jumps on Continued European Economic Fears pushing Commodity Prices lower ahead of Quadruple Witching
All eyes over the weekend were on Greece and how the European Union holds massive amounts of their debt on the balance sheet. Many traders over the weekend took a very negative outlook on Europe and a very position outlook on the US Dollar…all out of fear that Greece will be the undoing of the […]
Continue reading June 10, 2011
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Crude Oil Futures tumble, Selling Retracements all the way down
Reminder to be rolled over to the 09-11 contract on the following markets: – Dollar Index DX – E-mini (ES, YM, TF, NQ) – Currencies (6E, 6J, 6A, 6B) – Fixed Income (ZB, ZN) Crude Oil and Gold are a little different for contract rollover. 820am est We review the Crude Oil and we see […]
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Straight Talk with Jim Rogers, our Favorite Market Bear
Because I wish Jim Rogers was my Dad 🙂 Did he just say…”If they close the Government…the Dollar will go UP?” I couldnt agree more with almost every word he said. What do YOU think about this issue? Post comments below!
Continue reading June 10, 2011
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Trade the News Market Internals Update
***Looking Ahead*** – (PE) Peru Apr Trade Balance: No est v $817.0M prior – 14:00 (US) May Monthly Budget Statement: -$160.0Be v -$135.9B prior 10:31 AM Market Internals update at 10:30ET – NYSE volume 155M shares, about 23% below its three-month average; decliners lead advancers by 4.5:1. – NASDAQ volume 395M shares, about 13% below […]
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