Ah yes, Virginia was not disappointed this week. Now if it could only snow here in Dallas this weekend. Of course the real test will be what the market brings next week and perhaps even more important 2012. This slow upward grind on low volume was a classic Santa Claus rally so it will be [...]

The average true range (ATR) is a measurement of volatility based on price action moving beyond a defined average (the default is 14 periods and what I’m using for now). In a sense, the ATR is telling us that something is afoot about the stock/sector/etf/market. I recently started tracking the intraday movement of the ATR [...]

2011 is nothing but a memory for me as far as trading is concerned. With Friday’s expiration I’ve decided to take the rest of the year off to recuperate and replenish my psychological capital. I do have January orders working and, as most of you know, we truly never completely leave the markets so I’ll [...]

I have a guy that lives down the street from me that I’ve used to tack down loose floorboards, repair cracks in my driveway, clean the gunk out of my gutters and much more. He makes a decent living doing such odd jobs and has a vast knowledge of many things. However, depth of knowledge [...]

I’ve always wanted to visit Europe but right now I’m so sick of it that you probably couldn’t get me on a plane over their if the trip was free. Don’t get me wrong, as an option trader I love the volatility but too much of anything isn’t good. I’d venture to say we break [...]