No question that there is volatility in the markets right now. Too much volatility can lead to an increase in stress, especially if your trading involves holding positions longer than 5 minutes. Stress is part of the business so we have to adapt to it, both physically and mentally, or fade away. For some it [...]

Very positive price action this past week for those long in conviction and positions. The close above the 200-day simple moving average is indeed bullish, especially if it hasn’t been above that level in over a quarter or more. The average gain the next week is -.90% while the next month’s returns average +1.3%. Ideally [...]

Coming off of one of the most unusual option expiration days where the market closed near its highs, one can’t not wonder what’s next. Have we come too far, too fast? Not only did the SPX close up nearly 2% on opex but closed above its 200-day EMA while breaking out of the 3-month range. [...]

From Wikipedia: When ESC (Electronic Stability Control)  detects loss of steering control, it automatically applies the brakes to help “steer” the vehicle where the driver intends to go. Braking is automatically applied to wheels individually, such as the outer front wheel to counter oversteer or the inner rear wheel to counter understeer. Some ESC systems [...]

There is no doubt been some aggressive price action over the past two weeks in the broader market. So much so that this October is off to the third best start of any, trailing that of ’82 and ’74. In 1974 the SPX had a 14.5% gain in the first two weeks and went on [...]