75% of Tradeable Big Bottom

Usually, I like to see the 4 major indexes to hit a Big Bottom on my program before buying, but today may be one of those possible tradeable Big Bottoms. I haven’t figured out how I am going to trade it (if at all) so I just wanted to update you as to what happened [...]

Painful To Watch

I wrote last month that this market was fun and exciting. I think I have changed my mind. It is no longer fun and like the “ass-whoopin’” Florida put on LSU this year, I just want to change the channel. Last week I celebrated my 33rd birthday and I hope that on all future birthdays that [...]

Unbelievable Volatility

How much fun is this market? Whether you are down or up, like a football game…it is very exciting everyday. Huge intraday point swings in the indexes. I’ve never seen the VIX up so high. It doesn’t seem like it wants to retreat. Until it retreats, every day the market is open it will be [...]

Market Bottom Will Hold

Today did not generate the action I thought we would see. Two days after an extremely rare big bottom, I was expecting to be down through the day and have a powerful rally going into the close up about 4-5% on heavy volume which would have created at least an intermediate bottom. We got the heavy [...]

Tradeable Market Bottom?

About 6 months ago I created a software program that analyzed the market. Nothing out there seemed to work for me to get an “edge”. Plus, I got tired of drawing a bunch of graphs and charts and dropping in moving averages, trend lines, etc. I wanted to see the market on my whole screen [...]

Caught on Wrong Side of The Road

What a nice day in the markets today. Every major average was up over 3%. First day of new quarter buying…I guess. Too bad I had the worst day in the markets in quite some time. Down 6%. That was really ugly for me.
I averaged in on some SPY April Puts and now I own:
April 30 [...]

Is it a Market Head-Fake?

Well today, I am in the house of pain. I was “early” in my thoughts that we would be down this week. In trading, “early” means wrong. I will take my lumps and admit that I was wrong. Self-flagellation is the mantra for the day today…it appears. Ouch!
However, I am a big believer that until [...]

Same Old Itchy Feeling

Sometimes this market makes me feel like I have some sort of skin-itching disease. It’s all quiet on the bull-market front. That makes me feel uneasy. Sometimes even queasy. I hope I don’t need a trashcan for tomorrow’s action as I will be traveling.
It’s just too quiet and the action too weird. Everyone is still [...]

Edward Jones Month End

I just found out that the Edward Jones month end is on the last Tuesday of the month. Since the brokers that work there get paid based on commissions for the entire month, I believe this may be a key thing to look at when looking at the market. Cramer is constantly harping on an [...]

VIX and BKX Update

Last week was a shortened trading week because Good Friday the market was closed. This means that the benchmarks that I was following in the VIX and BKX had to make their big swings in just 4 days. Let’s see how they ended for the week of March 17, 2008. 
VIX weekly difference in high and low: 10.44
BKX weekly [...]