Stock Market News and Analysis

Support and Resistance Part 3

Posted on April 19th, 2024

Did you miss Part 2? Catch up here. If I didn’t mention in my Part 2 write up on Support and Resistance that there are various types of situations where one can assess Support and Resistance that I could write more than 2 educational pieces on it, then let me iterate that now. So far, […]

Inflation Data Primary Reason for the Market Drop

Posted on April 17th, 2024

What do options traders do when days like this happen Assess if there is a belief there is a further drop to come. If so, stand aside and manage current open option trade positions. Is it time to close the positions and take what profits are still there? Does one close the trades if they […]

Support and Resistance Part 2

Posted on April 12th, 2024

Did you miss Part 1? Catch up here. I wrote a Part 1 article last week educating all who read the article a chart pattern in technical analysis called Support and Resistance. I am realizing that I could actually author numerous articles on support and resistance as there are various pattern where one can see […]

Fed Day – Needs More Evidence Inflation is Easing

Posted on April 10th, 2024

Today FOMC Chairman Jerome Powell spoke at the Stanford policy conference economic forum. With the second quarter getting off to a sluggish start the markets were looking forward to what Powell had to say regarding their stance on an interest rate cut or interest rate cuts. What will they do regarding interest rates: Will they […]

Support and Resistance Part 1

Posted on April 5th, 2024

Whether you trade securities or options on those securities you are likely using charts of them to find your entry and exit points for your trades. You all know me by now and though I have long-term investments I am primarily an options trader. Even though I mostly trade options on securities and not the […]

The Markets Got back to Their Old Habits of Making New All-Time Highs

Posted on April 3rd, 2024

The continued habit of making all-time highs for the markets, but in some respect it wasn’t made in the recent fashion where a small percentage of stocks were the drivers to these record highs. Today saw a broad rally take place. All 11 sectors of the S&P 500 traded higher ked by Utilities +2.8%. Next […]

Two New IPO’s: Reddit (RDDT) and Trump Media & Technology Group Corp. (DJT)

Posted on March 28th, 2024

One signal markets are bullish is when the IPO or Initial Public Offering activity is going strong. Though we’ve had a nice, bull market run since October/November of last year, it happened and is still going without a noticeable batch of IPO activity. 2022 and 2023 were two years which saw the slowest activity since […]

Fed Day and the Markets Liked what Chairman Powell had to Say

Posted on March 27th, 2024

The markets don’t like uncertainty. This whole will the Fed cut or won’t they uncertainty over the past 20 or so trading days, is one cause for the sideways trading action over the past 20 or so trading days. Investors and option traders alike tend to be less aggressive with their spending during periods of […]

Options Trading Based on Momentum

Posted on March 22nd, 2024

When I say the markets don’t like uncertainty, I am talking about situations like we had this week with the anticipated announcement of what the decision the Fed will make regarding interest rates. About 10-20 trading days prior to the announcement there was this ‘will they cut in March or will we have to wait […]

Are the Markets Poised to Continue Making New Highs?

Posted on March 20th, 2024

Options Traders want to know. Are the markets going to continue to climb and make continuous new highs? No one is going to come out and tell us yes or no. We need to do our technical analysis and see what fundamental investors and technical traders do with their capital and how that reflects in […]