French Kiss?
On Friday we sent a note entitled Ultimate Unsustainability? So is this 3rd political event going to be the catalyst kiss that delivers a new leg higher on the SPX and our long outstanding target in the 2400’s? There is bullish potential if the SPX reclaims and holds above a 50% retrace of the correction, […]
Continue Reading -->T3 Live Weekend Recap 4-22-17 | Trade Ideas & Trader Education
T3 Live Weekend Recap 4-22-17 | Trade Ideas-Trader EducationT3 Live Training Facility NYC-NYWhy SPY Could Hit New All-Time HighsIt was tough to see this one coming.After reversing to finish on the lows Wednesday, SPY gapped up Thursday morning. And following a small, quick pullback, it took off running higher straight through into the afternoon.It reclaimed […]
Continue Reading -->What Is the VIX? And How Can I Trade It?
How can I make money trading the VIX? That’s one of the most popular questions we get from aspiring traders. And they usually don’t like the answer — because you can’t trade the VIX. The VIX — better known as the Chicago Board Options Exchange Volatility Index — is not a security, and thus the […]
Continue Reading -->Weekly Sentiment Update: The Bears Are Still Raging!
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. Last week, traders were definitely feeling bearish. We had an inverted VIX curve, big put option demand, and significant negativity among individual investors. Now that the S&P 500 is slamming up towards […]
Continue Reading -->Jeff Cooper: The Bonfire of the Equities?
In this morning’s report, I couldn’t help but wonder whether investors/traders are giving short shrift to the idea of a big market event in the event of a Le Pen victory in France. After all, selling volatility and not buying insurance seems the smart move a la Brexit and the US election. Right? Maybe the […]
Continue Reading -->TETF: A Cosmo Kramer Approach to ETF Investing?
In recent years, investors have been plowing mountains of dough into passive index ETF’s. Why? Because actively-managed mutual funds and hedge funds have 2 major disadvantages: 1) Poor performance 2) Higher expenses So when the ETF Industry Exposure & Financial Services ETF (TETF) launched today, I couldn’t help but take a close look at this new […]
Continue Reading -->Is AMZN Set To Deliver A 50% Decline?
A monthly AMZN below shows the big Stein & Handle breakout following the 2008 sell off. Since that breakout, AMZN has been gliding up the upper rail of a parallel channel . AMZN has kissed the upper rail 3 times since its last big breakout over 400 and now shows what may be an equally […]
Continue Reading -->Is Gold Up for the Challenge?
Last week, we walked through the key vibrations/levels in gold. To recap, 1262 ties to 360 degrees up from the recent swing low of 1124. 1284 vibrates off the all-time high price of 1921. Two cycles of 360 degrees up from the bear market low of 1045 ties to 1319/1320. A 5-year declining trendline ties […]
Continue Reading -->How to Use the VIX Curve to Judge the Market’s Mood
Many traders view the VIX — formally known as the Chicago Board Options Exchange Volatility Index –as a stress gauge for the market. (click here for an introduction to the VIX) But knowing the level VIX alone isn’t very helpful, and it has little value as a predictor of price. One way of getting real value […]
Continue Reading -->Weekly Sentiment Update: Bears Are Everywhere and They’re Killing Volatility!
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. In last week’s sentiment update, the data indicated that traders had gone bearish even before the US missile attack on Syria and the nonfarmpayrolls miss. Yesterday, we clearly saw even more bears […]
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