Big Picture: It appears as though people still want to buy stocks. Early this week it was starting to look like we might get a little correction in the equity markets, but on Tuesday that changed as stock surged higher. On Monday I sold an April $IWM put in what turned out to be a […]
Big Picture: This week was smooth for most of my open positions with the exception of the $IWM short call that was closed early in the week. The trend in the Russell took a while longer than the S&P to flip long, but that happened this week. If you look at the market stats below, […]
Big Picture: What’s next? This week stocks pushed higher again, however, both the S&P 500 and the Russell have failed to get up and stay above their previous January highs. The S&P was relatively weaker and finished the week down slightly after making a slightly higher high. Bonds chopped around and finished the week essentially […]
Big Picture: Good morning. Gold finished this week with a solid gain after triggered a long signal early in the week. My only regret is that I was only able to get one short put sold, but that’s ok. The precious metals complex was very strong this week with Silver ($SLV) and the Gold Miners […]
Big Picture: This week equities finished on an up note and several trade signals were triggered. I opened positions in USD/JPY, NZD/JPY, $IWM, $TLT, and $IYR. Additionally, my open trade in Coffee ($JO) was up in a big way and I took a few shares off the table because the open risk had jumped to […]
Big Picture: And it happened. This week the trend in stocks finally reversed for the weekly pTheta system. As a result, all of my short puts are closed and it was a little bit of a painful close because it happened so soon after selling the puts. That being said, I’ll push on and this […]