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. […]
The other day I received an email from a reading asking about position sizing. His basic comment was that position sizing is sort of confusing and I can see why it might seem that way. The bad news is that if you’re having questions about position sizing, it means you have a much bigger problem than […]
Big Picture: It’s important to recognize when our market biases are influencing our trading decisions. Coming into this week I knew the market was looking a little shaky, but it seemed like it was trying to stay afloat. By the end of the week, the market fell down with confirmation in other markets. The news […]
Last week I mentioned that I recently started a full time job. Let me assure that working full time is far from my favorite thing in the world, but, at least for now, it’s what I need to do. While I was out on one of my 4 a.m. caffeine loaded, cold, dark jogs, I […]
Overview: Normally on the weekend, I’d write a market commentary, but the December CIB was closed on Friday and I went into the weekend flat. The December expiration was a slightly less than ideal environment for the CIB, but it wasn’t too bad overall. The trade was initiated when RUT was chopping around and not really going […]
Big Picture: Today we’re going to have an abbreviated market commentary that only covers Levels of Interest and the December CIB trade. I have plenty of things I’d like to say about CNBC after the GOP debate this week, but I’ll keep those comments to myself for now. Levels of Interest: In the levels of […]