Swing Trading, Day Trading & Technical Analysis (now at EminiMind.com)

Swing Trading Watch List – Oct 21, 2011

Options Expiry! It’s that time of the month, the third Friday. Markets tend to be pretty wild in the morning on options expiry as traders close out positions and hedge as their front month positions expire. I stop accumulating front month options about 2 weeks before expiry, this is because the theta (for one) dramatically eats away if you are long an option as we inch closer to expiry. Stocks to Watch on 10/21: Longs: CRI, DECK, GWW, STMP Shorts:…

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Swing Trading Watch List – Oct 20, 2011

That’s right! We’re brining back the daily watch list. As most of you know we primarily trade options on the stocks outlined here, but the underlying stock can also be traded in the same way. Stay tuned for a more detailed description of the trade setups and the HLB/LHB strategy. Stocks to Watch on 10/20: Longs: GIS, RAI, LTD Shorts: CRZO, SPN, RIG Current Positions: DLTR (long), CNP (long), NFLX (short) The Strategy To briefly outline the strategy, we are…

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Going Nowhere, and Fast!

The image above should tell the whole story. We’ve been going sideways for the past two months. Surprisingly it has made for some decent trading, but just wait until we begin trending again. Things will really start to pickup in the options markets because the moves in the individual underlying will trend more. In these conditions of sideways and high volatility it’s important to stick to your rules and WAIT for your setups and remain patient. As always, think risk…

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Options Watchlist for September 28, 2011

It’s been a while since I put out an options watch list, but lately we have seen some great moves and option spreads are relatively tight compared to volatility. Here are the stocks we’re watching for tomorrow. Longs: FAZ, RGLD, TZA, VIX, Shorts: ACI, CTRP, DOW, DVN, EOG, FSLR, FWLT, GD, GES, GS, HIG, JPM, MET, MMM, MS, MUR, OPEN, PBR, PXP, SU, TS, UPL, VECO You’ll notice the long plays are inverse ETFs. That’s right ALL of these stocks…

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The U.S. is in Risk of a Systematic Collapse

Both the S&P500 and the EUR/USD are setting up for extremely large moves which should begin to unfold into the end of 2011. Two Scenarios for the Economy With an election year in 2012, one scenario is that the US markets skyrocket to new highs and the EUR/USD breaks down and retraces back to its lows. This would imply a strong dollar and strong US market. The second scenario is that the S&P500 sells off down to 2009 lows and…

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The U.S. to Adopt a Fair Tax

The basic problem in the world today is that America is consuming more than it is saving. You need to do everything you can to encourage saving and investment: Eliminate taxation of savings, the capital gains tax, and dual taxation of dividends; bring back the more attractive incentives for IRAs, and 401(k)s. At the same time, you need to do everything you can to discourage consumption. Change our tax structure to utilize a value add tax, which taxes consumption rather…

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DeJa Vu of May 2010

We’ve seen it before. If you zoom out to a daily you’ll notice it looks very choppy, this is one of the most difficult conditions to trade, just look at May 2010. Stay patient, watch for confirming breakout in the VIX if we do make new lows. A rally to 1225 on the ES before selling off again is possible. SPY August 2011 compared to… SPY May 2010

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