Took the week off for a family vacation and looks as though I really didn’t miss much as a nice doji formed on the weekly chart for the $SPY. I’m writing a post for next week regarding my vacation and some of the lessons I learned. Hope you have a good weekend (there’s a link [...]

It seems so easy to focus on the things we do wrong. I can name hundreds of mistakes I’ve made in my life. I choose not to focus on what went wrong, but rather on how I can improve my standing and learn from my mistakes. I found one of the most frustrating aspects of [...]

The major indices put in a nice week and look poised to have a follow-through this coming week. If a follow-through occurs, the breadth will have made some higher highs as most indices are approaching 50% of their components trading above the 200 day moving average. Tech continues to lead the way so it will [...]

First week of the August option cycle turned out to be pretty bullish as the $SPY closed solidly above the 50 SMA. The last time a weekly close came in above the 50 SMA  was back in April. I didn’t notice any fireworks or sirens that went off but anticipate that if the 200 SMA [...]

The sauce is hot! While I’m not jumping into full-on put selling I do want to point out that the sauce crossed above the 200 EMA this week. The last time the sauce was above the 200 EMA was in late May/early June and failed to hold. What’s more, the 50 EMA has since crossed [...]