The dance is always the same. Markets go up relentlessly and all you see and hear about are people raising their price targets, as with JP Morgan’s Tom Lee about four times […]

In poker terms a straight flush is one of the better hands one can get. For most investors it’s a nightmare and for traders it can be either wonderful or a disaster […]

Just a short update today as I’m also working on the futures write-up: Ugly action overnight that pretty much started within seconds of the close yesterday. It was interesting to see $SPY […]

Trading corrections can be exciting, fun, horrifying, profitable and devastating all at the same time. No time in the market is more emotional, volatile and unpredictable. All what worked previously seemingly no […]

Trading is serious business, but it’s hard not to laugh at the absurdity of the system these days. But, hey, as long as we make money from it why not right? I’m […]

Yesterday before open I threw out the adjacent tweet. And no doubt yesterday proved to be a roller coaster that churned and probably threw a bunch of folks. Certainly the ugly close […]

As we have traded both long and short since the beginning of December I started expressing increasing concern about trading the long side in the past week or so even as markets rallied again […]

I’ll make this relatively brief as trading is really busy this morning (see the twitter feed). It is odd to think that trade-structures repeat, but apparently on occasion they do. The year […]

Yesterday was another low volume chop fest. 6 point $ES range all day long. Most stocks were stuck in tight ranges as well simply decaying premium on options and not really lending […]

Last night $IBM reported basically garbage numbers exemplifying the issue I raised in the buyback article: Companies using financial engineering (buybacks and tax rates) to manage their earnings higher while barely growing […]