Posted on March 31, 2009 by Adam
I noticed near the close yesterday that Wells Fargo, (WFC: 29.52 -0.17%), was showing an enormous volume of puts traded.
The April 11 puts traded 130,000 contracts, which is 13 times the open interest. Even if you don’t normally trade, or even pay attention to options, you should still take note.
When this many puts are traded, [...]
Posted on March 25, 2009 by Adam
I wanted to spend some time thinking about the future. Where will we be in three years? Based on the recent monetary policies our government is employing in the scope of today’s global economic climate, I have some ideas. I have already posted about how the Dollar is dead, which will be a catalyst for [...]
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Posted on March 24, 2009 by Adam
Just as the 800 level acted as an area of resistance on the way up, it will now become support for this pullback. Yesterday’s rally, on top of an incredible week last week, made it clear that big buyers have started to enter the market.
I want to be on the same side of the trade [...]
Posted on March 23, 2009 by Adam
I don’t know about you guys, but I tore the freaking cover off the ball today.
Yeah, yeah, the market is up 5.5%. My account is up 21% today.
I know I’m bragging, but I deserve it after getting knocked around for three weeks straight last month.
The big breadwinners today? HES and RIMM.
Copied and pasted from my [...]
Posted on March 22, 2009 by Adam
This is the first post in a series of articles that will uncover some of the proprietary trading systems used by succesful hedge funds across the world.
Some hedge funds adhere to a buy and hold strategy, which works fine in a bull market, when everything is going up. Jim Cramer is a prime example of [...]
Posted on March 21, 2009 by Adam
After the success of my last webinar, I will be holding another FREE hour-long tutorial on the subject of price patterns.
I’ll show you how to identify and trade the most common price patterns and get you on your way to using them to make some money.
The webinar will be held on Thursday, March 26 at [...]
Posted on March 19, 2009 by Adam
The market is poised for some interesting price action after spending two days near some very important technical levels. I view this area as being very important because I see three different technical indicators all converging on the same spot.
Yesterday the market topped out at S&P 800, which it tested again this morning. 800 will [...]
Posted on March 19, 2009 by Adam
Well folks, we did it. After more than 200 years, we killed the dollar.
The United States Dollar, born in 1792, lived a good life. It is survived by its siblings the Pound, the Euro, and the Frank (the Yen was already dead).
When the Fed announced its plans to expand its balance sheet yesterday, it established [...]
Posted on March 17, 2009 by Adam
Lately I have been watching the VIX very carefully. It’s movements have been quite actionable, and even predictable to some extent. Over the last couple of months I have watched the VIX steadily trend higher. Last week, the VIX broke down beneath that trendline, acting as a confirming indicator for the current rally.
If you don’t [...]
Posted on March 17, 2009 by Adam
I wanted to follow up on the arbitrage strategy I discussed last week.
Essentially, I bought a position in (DXO: 4.35 0.00%) and sold short an equally sized position in (OIL: 26.38 +0.15%). The idea is that, while both ETF’s track the price of crude oil, DXO has historically outperformed OIL. Keep in mind that DXO is [...]
Be on the lookout for an extended pullback.