Last week, we proposed the correction was due to election uncertainty, but now after poor earnings reports from three large multi-national companies in the Dow Jones Industrial average, it appears the issues are earnings uncertainty including a slowdown in Europe and currency translation.
Earnings-paolooza continues into week two with selloffs and turnarounds. Drama!
What if you want to apply human discretion and want faster speeds, instead of using a fully automated system?
The GOOG kerfuffle, earnings, earnings, and more earnings. Plus Sebas pontificates. It’s good.
I have been commenting for some time on why I do not see a sell off on the horizon. I see a fully hedged market place right now.
Option trading is easy. Well, let me qualify that statement just a bit.
In this post, we update our market indicators and make the uncertainty case for the market going in either direction including a chart of the S&P 500 Index followed by a “true believer” long call spread for Apple Inc. (AAPL) before the earnings report.
Up until last week the correction appeared to be a normal retreat from the previous high made on September 14, but now the picture is less favorable from a technical perspective as the correction could be morphing into some more serious such as liquidation before the election. It could go either way, but we should have the answer this week.
Is AAPL an investment, or a trade? Are you getting out? The all stars discuss that and so much more.
Back by popular demand, The Options Insider’s fearless leader, Mark Longo, will be presenting “Top Five Mistakes Made by Options Traders (and How to Avoid Them)”
I have lost count of the amount of times somebody has asked me what the single best indicator in technical analysis is.
To be able to identify the problem, it is critical that you have consistent trading so that you can see what is or isn?t working. You can only become consistent by following a detailed plan.