There is a certain amount of failure we need to experience for psychological growth. This level of failure varies from person to person depending on several factors, such as drive, of each individual. Too much failure can overwhelm individuals, too much success, on the other hand, tends to make individuals resistant to change. Why in [...]

Fugly week for the bulls as Wednesday was the shot across the bow day when the $SPX cut through with ease many moving averages I watch including the 20 SMA and the 13 EMA. Thursday broke the uptrend support and had the most volume since early August confirming Wednesday’s breach. Bulls definitely have their work [...]

I love using the hard work and knowledge of others rather than stretching my own resources so thin that I’m unable to focus on my core strategy of selling premium. I subscribe to several newsletters of those that I believe are tops in their areas of expertise, not for trade ideas but rather to gauge [...]

A rather mild week for a quad witching option expiration where $SPY goes ex-dividend. For those that don’t believe in the effectiveness of technical analysis please take a look at the monthly chart of the SPX. The fact that we closed higher all five days of option expiration week presents some interesting returns for the [...]

Option expiration week is one of those “love it or hate it” times in the market. I love it as that’s when I reap the majority of my rewards for selling front-month premium in the $SPX. One of the most difficult obstacles I face is not letting my bias cloud my objectivity. To help lessen [...]