March is almost behind us and at TTTHedge.com I will be working late tonight crunching not only our monthly trading return numbers but the end of the first quarter numbers too. First we must get through today which is make or break time for this supposed mini correction. Yesterday we saw an unchanged day...
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Looks like we are settling in for a little gap up this morning which will be just fine with me as it will help determine the direction of trading for the day. If we hold the gap and trade up then long and strong. If the gap fails then I am emboldened on the...
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Short video on my thoughts about the Russell 2000 and the week ahead:
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We are setting up to close the quarter here and professional money managers will do what they need to lock in profits for the quarter. This adds more volatility over the next few days. Looking at the charts you can see that there should be mixed results depending on how the 10% pullback was...
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Good morning.. The week has been rough so far and it looks like more to come. Between computers, webhosts and oh yeah the markets unstable oscillations here. This morning we are gapping up rejecting what was yesterday’s close on the lows. This market is resilient and we will test that again today.
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Right on cue yesterday the markets sling-shot back to the highs rejecting what was overwhelming volume traded on expiration Friday. One of the problem we have in predicting today is the weak open yesterday set all the breadth numbers on their heads. It is hard to get to a 52 week high per...
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Finally the healthcare bill is behind us. The rhetoric will drop a little now and the falling skies promised will not happen and we can go on our merry way working harder to earn more money to help support our healthcare system. I spent a little time reading through the bill and in fact...
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Finally it is Friday and we get this week behind us and more normal trading to come. Notice this week how there have been long periods of staying at a single price level followed by quick moves up and down as the prices are swept to allow closing of options. It makes it a...
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Can we just keep going like this.. like forever? No. At some point we will need to correct, but the safe trade is still on the long side. The odds of seeing higher prices are still greater then the odds of seeing lower prices. Drawdowns on the long side are more likely to turn...
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