What Now?

VIX Weekly 160513

VIX Weekly 160513Good Evening, Friends. The tick, as reported on my platform, reached -1175 this afternoon, a pretty extreme reading that normally precedes a decent reversal. The E-minis did come a little higher, but it seems fair to describe the price action …

Taking Advantage of A Runaway Market…

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In this edition of Market Insight, Dave discusses the current uptrend in the market and how to take advantage of it before it ends…

Be sure to check out Dave’s new book, The Ten Year Career: The Fast Track Guide

A Quick Update on Some Major Currency Pairs

USDJPY Daily 130513

USDJPY Daily 130513Despite some market speculation, the G-7 meeting adjourned with the assembled finance ministers and central bankers neglecting to comment on Japan’s more or less explicit policy of weakening the Yen (which among other things, moves USD/JPY higher). The 102 level …

Time to Restrain that Yen for USD/JPY?

USDJPY Daily 100513

USDJPY Daily 100513USD/JPY has been a good long trade since it became Japanese government policy to prod the economy by weakening the local currency. It’s pretty tough for a government and central bank to strengthen a currency, but it’s usually possible to …

A Surprise From the RBA Brings Aussie Lower

AUDUSD Hourly 070513

AUDUSD Hourly 070513Good Morning, Friends. Central banks have the power to influence the direction of their currencies, but it’s much easier, in most cases, to weaken the local variety than it is to strengthen it. The Australian Dollar was trading within shouting …

Quick Put Money

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In this video, Dave shows you how selling a put can turn very profitable in under just a few weeks!…

Is a GLD Short Glittering? How About the Euro?

GLD Daily 020513

GLD Daily 020513Good Afternoon, Friends. It was noted this morning prior to the opening that Gold futures were having a nice push higher, which prompted me to take a look at the daily charts, first of the contract, and then of the …

More of Them AAPLs

AAPL Daily 300413

AAPL Daily 300413Good Morning, Friends. I’ve paid attention to Apple since the advent of the Mac in 1984, and to AAPL since, I don’t know, 1997 or so. I’m only sporadically involved, generally from the long side, but a look at the …

“That’s Why We Don’t Call It Money Harvesting”

GBPUSD Daily 260413

GBPUSD Daily 260413“They call it trading, not money harvesting” is the battle cry of a friend of mine, and of course he’s correct. Unfortunately, having a reasonable investment thesis and a well-executed trade only guarantees a chance to make money. Which is …