I like to sell premium but there are also times that I like to buy options and pre-earnings can be a good time to do so, especially with volatility being so low. Running some scans I happened across $ITW that has formed a very tight wedge and the Bollinger Bands are ready to explode. Earnings [...]

With the unemployment rate in the double digits, those still with jobs are the most unhappy they’ve been in over two decades.  If that doesn’t surprise you then maybe the fact that it’s unanimous in that there’s not one age group to blame for the drop, everyone is displeased. Is corporate America that broken? Probably. I [...]

While pursuing my doctorate in ’99 I had the opportunity to see Dr. Albert Ellis give a lecture in Pittsburgh and will always be grateful for that. He was the old curmudgeon and everything that I expected. For those that don’t know, he created rational emotive behavior therapy (REBT) and I used it with several [...]

I remember when I first started trading and how much I thought I knew and how much the market humbled me each time.  I remember doing everything right on a trade and losing and doing everything wrong on a trade and winning. In retrospect, it took me nearly half a decade to realize what I [...]

The ability of pattern recognition isn’t anything new or even earth shattering. My 5 year old in kindergarten is an expert at basic patterns with letters, shapes and colors. We learn from a very young age to look for patterns in all walks of life.   We could begin to see patterns in the drawing to [...]