The SPX finished last week +2.0% to 1666.12 and has advanced 17 of the last 21 trading days [80.9%] from the 1556.03 low at the 50DEMA on 4/18/13. The “Fed Rules’ as it has been able to continue inflating the “bubble” despite the negative economic and fundamental misses/below expectations. There is an incredible “herd mentality”… [Read More]
The SPX was +2.0% last week closing at a new cycle high of 1614.12 on Friday. This was accelerated by the NFP “fantasy report” from the Bureau of Labor Statistics (BLS), which you can never distinguish whether it is reality or fiction. Regardless of the report’s credibility the market reaction was +1.0% for the SPX…. [Read More]
The SPX declined -3.8% in 5 days from the 4/11 1597.35 high to the 1536.03 low last Thursday. There was Fib Time Ratio symmetry on 4/12/13 measured from the 4/2/12 and 9/14/12 highs [1422.38-1474.51], and the market was extremely O/B on a momentum and sentiment base in all-time periods. The SPX had also taken out… [Read More]
The SPX advanced +17.2% to the 4/2/13 1574 high from the 11/16/13 1343 low, having taken out the 1365.15 previous bull cycle high close, but not the 1576.09 10/11/07 bull cycle high. The monthly SPX 5 RSI of 87.40 on 4/2/11 was and is extremely extended, and the risk reward in that zone is obviously… [Read More]
Introducing The Connors Research Day Trading Volatility Course where youll learn how to successfully day trade the most popular volatility instrument currently used by traders VXX.
Put the power of professional-level quantified analysis at your fingertips in a way not seen outside the hedge fund community with the newly developed Real Time Edge from Connors Research.
Charles Kirk, trader and publisher of The Kirk Report, is one of the lucky few who spend his days not toiling for a boss or haggling with co-workers, but instead by trading stocks. Here he gives us some insight into his work as a trader and his writing at The Kirk Report.
Immediately following the Massachusetts election upset, Obama sent the market into turmoil with the announcement of his “bank attack” regulation proposal. See Kevin Haggerty’s comments on these latest market movers.
If you trade volatility, then learn how to minimize your exposure to market risk without sacrificing profit. Larry Connors recommends Jeff Augen’s new book which offers some new findings you may apply to boost your options portfolio.
TradingMarkets contributing writer Tim Bourquin shows you how to combine pivot points and specific moving averages to find trading opportunities each day in the markets.