E Taking Profits On Our Short Yen Put Spread
Our position in the Currency Shares Japanese Yen Trust (FXY) March, 2016 $89-$92 in-the-money vertical bear put spread expired over the weekend at it’s maximum potential profit point. You earned a 15.4% profit on the trade in only 16 trading days, or $1,540 on 38 contracts. It’s better than a poke in the eye with […]
Is The Gold Miner Rally Wyckoff-Friendly?
Positive Wyckoff logic likes to see higher volume on up swings and lower volume on down swings. One way to test this is to measure the Net Volume change (or OBV). Net Volume is simply up day volume less down day volume over a selected time period. In the chart below OBV Net Volume indicator […]
Money Monday With Strong Trades
Happy Monday everyone! We nailed it AGAIN today with incredible accuracy across the trades we took. I started the day with $RMTI $ADXS and $KTOV on my watch list. I noted that $KTOV had an especially interesting setup being a recent IPO and just below all time highs. $KTOV ended up being the big winner […]
SP 500 And NDX Futures Daily Charts – Greedily Mispricing Risk
The title says it all. The box score is below. Get as far away from Wall Street as you can. Have a pleasant evening.
Australia ETFs In Focus On Likely Snap Elections
While the global economy is on a recovery path with solid improvements across most countries, the development in Australia might block the mending road in the coming months. This is especially true given signs of political issues in the country with the prime minister Malcolm Turnbull threatening to snap elections. Turnbull has been trying to […]
Greece Orders Banks To Record “Personal Data” On Anyone Who Was Hoarding Cash
Over the course of documenting the ECB’s push to phase out the €500 note, we stumbled upon something rather interesting that’s taking place at Greek banks. Courtesy of a reader, we learned that Piraeus Bank (among others) has begun charging a fee to exchange large denomination bills for small. The charge is listed as 0.15% […]
February SEMI Book-To-Bill Sags
The February book-to-bill data for the Semiconductor Equipment sector is out and both bookings and billings declined in February. From Semi… “The book-to-bill ratio has remained at or above parity for three months in a row,” said Denny McGuirk, president and CEO of SEMI. “The data indicate an improved spending trend in the second half […]
Bullish Trade Setups In An Everlasting Rally
Yeah, don’t expect the rally to keep going… but it sure does feel like it right now. You can buy some of the long setups below, but don’t you think you’d be better off waiting for the market to pullback a few points first? Once that happens, even the setups below, become even more attractive […]
Is The Fed Really Watching Fundamentals… Or Just Prices?
“Davidson” submits: The confusion of the Fed’s direction comes from their obvious behavior which shows that they are have no deeper fundamental understanding of markets than any market price-trend follower. They do not see the connections between employment, Real Personal Income, impact of Government spending or any other economic measure vs. markets over the long […]
4 Water Utility Stocks For A Thirsty Portfolio
Rising urbanization and an ever-increasing global population make us acutely aware of how indispensable fresh water is. Although it accounts for a scanty 2.5% of the world’s total water content, the capital intensive water utilities are vigorously functioning to supply fresh water to meet every day needs. But there are challenges far and wide plaguing […]
