Overview: Nobody likes getting into a trade only to have market rip against you, but sometimes it happens. Those of you who follow me on Twitter or keep an eye on my results know that I had a touch of unlucky entry timing for the July CIB. The trade was opened with 55 DTE on […]
Overview: The video below walks through a Reverse Harvey adjustment that was made to the February CIB. With the move lower in RUT, we had an open profit and it made sense to protect the position in case of a fast move higher. The Reverse Harvey knocks in the wings of the Butterfly and reduces […]
Overview: Just a couple of short weeks ago as we were getting ready for the Santa Claus rally that wasn’t, the February CIB almost needed an upside adjustment. (See this video) After falling short of the upside adjustment point, the market traded lower the following week and tumbled another 2.3% today. In the video below […]
Overview: As is frequently the case in my trading, the market moved higher shortly after opening a position. The February CIB trade is getting close to an upside adjustment point. In the video below, we walk through the market environment in the Russell 2000 as it relates to the trade. That discussion includes some longer term […]
For those of you who were unable to make the Capital Discussions Round Table yesterday, you’re in luck! This link takes you to a page where you can view a replay of the discussion. While you’re over there, I’d recommend joining Capital Discussions as a free member and checking out some of their resources. Tom Nunamaker […]
Overview: The video below gives you an idea of what I look at when I’m getting ready to enter a Core Income Butterfly (CIB) trade. The video walks through technical analysis of the Russell 2000 Index ($RUT) where we look at multi-year trend lines, areas of consolidation, and where I think the market might go. […]