European averages join US indices with bullish extensions In yesterday’s report here we highlighted that the main US equity indices have produced aggressive rallies back higher this week with both… [Read More...]
Month End Summary – August 2019
August wasn’t a good month for my account, but not too bad either. I lost money, so it wasn’t good. I didn’t lose much, so it wasn’t too bad. Half of my losses came from my naked TLT calls that expire in October and the part that hurts is I could’ve taken a $400 profit within two days. The next day, I placed an order to buy my calls back and TLT has moved against me since then. If the calls expired today, I’d have a loss, even without the time value remaining, but I think they’ll work out for me before I’m out of the trade. My account ended August with a Net Asset Value (NAV) of $91,851.89 … [Read More...]
Squawk: Elliott wave Analysis S&P500 and USDTRY Looking Higher by Gregor…
Elliott wave Analysis S&P500 and USDTRY Looking Higher by Gregor Horvat S&P500 is trading beautifully from the 2786 lows ideally in a five-wave recovery with wave 3 trading near completion. As we… [Read More...]
Squawk: Gold Update: Days range 1314-1328… As per current price action…
Gold Update: Days range 1314-1328… As per current price action gold again restricting and getting shy at 1324 level to break and hold. until trades below we can see again 1314 level downside… [Read More...]
Squawk: US and European equity averages pointing North again Last week…
US and European equity averages pointing North again Last week we reported risks of a deeper correction to US and global equity markets. Subsequent strong advances across Asian European and US stock… [Read More...]
Squawk: Gold Hunted By Bears by Stephen Pope Gold has endured…
Gold Hunted By Bears by Stephen Pope Gold has endured a dreadful week The strength of the Dollar will continue to fetter gold There was a small bounce on Friday afternoon It was short-covering the… [Read More...]
Squawk: Make the diwali more enlighten with our special offer till…
Make the diwali more enlighten with our special offer till Nov 7th 2018 with our exclusive 50% for 3months 6months and one year programme for daily trading signals and live research support to your… [Read More...]
SPY Chart – 1 Year
The chart below shows the daily prices for SPY, an S&P 500 ETF, after closing the week at $294.35 on October 4, 2019. SPY has traded in a defined trading channel for the past year, except for the brief and harsh correction that hit stocks last December. Once stocks recovered from the panic selling, the large-cap index remained in a tight range for the next eight months and appears to have fought off the most recent attempt to push it below its trend line of higher lows. This trend line of higher lows closely follows SPY’s 200-day moving average, which aided in offering support for falling prices. After finding support and bouncing off the intraday low on Thursday morning, SPY charged past its 50 and 100-day moving averages … [Read More...]
From the Floor: BoJ tweaks policy — #SaxoStrats
Join Saxo Bank’s experts for our Global Morning Call. Click to hear head of FX strategy John Hardy head of commodity strategy Ole Hansen and head of equity strategy Peter Garnry on the day’s big issues for the markets. [Read More...]
Squawk: Dear Trader Confused with market movements don’t know pound will…
Dear Trader Confused with market movements don’t know pound will bounce with Brexit? don’t know oil will bounce or fall more? Keep away all these and just trade relax with our daily trading signals… [Read More...]
69% of Small Businesses Would Switch Banks
When 69% of small business owners say they would switch to a bank which provides all the features and services they need, there is a problem. Even more distressing is the fact that only 9% of owners say their bank addresses all their small business needs. This means 91% of owners feel banks are not delivering. This small business banking trends data comes from the BlueVine survey, “The State of Small Business Banking in the U.S.” And it shows small businesses are being underserved by banks. Consequently, this can lead owners to seek alternative funding sources, some of which are questionable at best. Considering the number of people small businesses employ and the impact they have on the economy, more ought to be done… [Read More...]
Squawk: European equity markets head still higher A broad global “risk…
European equity markets head still higher A broad global “risk on” scenario” has resurfaced over the past week through mid-March rejecting the very early March selloff which was a reaction to… [Read More...]
Squawk: USDJPY Could Bounce Lower off the 200-day Moving Average by…
USDJPY Could Bounce Lower off the 200-day Moving Average by Stephen Pope USDJPY prices look set to break lower as sellers will appear at the 200dma The Japanese economy is stronger than has been… [Read More...]
Squawk: Hello all Happy to inform you that we # BSH…
Hello all Happy to inform you that we # BSH ADVISORY fresh batch for tradingsignals will start from tomorrow morning till friday for forex Nymex and Comex…those intrested can join here :: … [Read More...]
Options Expiration – August 2019
The only option I had in my account that will expire today was one QQQ August $187 covered call. Knowing that it will expire worthless this afternoon (giving me a reduction of my average cost per share of $2.27), I sold a new covered call on my QQQ shares this morning. While QQQ was trading at $184.55, I sold one QQQ September $190 covered call for $2.30 and received $229.40 after paying $0.60 in commission. QQQ was up close to $2 when I made this trade, but the NASDAQ Trust ETF added another $1.40 within the next hour and 20 minutes. So, I could’ve made more on my trade this morning if I had waited, but that could be the case any day with any trade. … [Read More...]