Sep 1, 2014: 1:26 PM CST
John Carter is at it again!
This time he’s written a simple eBook entitled “Understanding Options” which you can download now:
John is perhaps most known for his popular webinars and clear educational seminars for the trading community, but this time he’s detailing information in an easy-reference ebook.
I’m an enthusiastic affiliate of John Carter’s Simpler Options and have always enjoyed his contributions to the trading community.
It only requires your email address to receive the book and I hope you enjoy the information presented in his engaging style!
Aug 29, 2014: 12:59 PM CST
When working with traders, I’m often asked questions about desktop (or even laptops while on travel) computers and set-ups specifically designed for traders.
As an educational post, I wanted to offer a few answers to common questions from my new friends at EZ Trading Computers who have a wealth of resources for designing computers specifically for traders.
Today’s guest post comes to us from Russ “Eddie Z” Hazelcorn where he answers the top three questions traders have about their computers:
#1. Desktop or Laptop?
Desktops and laptops have different roles in your trading. The most common mistake that you can make is viewing them as the same tool. Each device should be used when the circumstance fits its abilities. You can’t take your desktop on a business trip. No sense in trying to fit it in your briefcase. Desktops are not designed for this use.
During a business trip or when you are away from your office, laptops will suit you well. However, trading on a laptop full time isn’t a good idea either. Laptops don’t have the ability to offer you the speeds that a desktop will. Their parts are compact in order to offer you mobility. Desktops don’t have to fight that battle. They have the room and the cooling system to give you the blazing fast speeds your trading demands.
Like most people, you probably own a variety of devices – a desktop, laptop, tablet, and smartphone. Each one of these offers you power and convenience for different occasions. Continue Reading…
Aug 29, 2014: 12:26 PM CST
While the 2,000 index level is critical to our trading decisions, buyers and sellers continue to battle for dominance at this obvious level.
Let’s update our daily scan, breadth performance, and plan for the reminder of the “holiday” session:
Sector Breadth is a bit mixed going into the holiday weekend:
Utilities (traditionally a defensive sector) top today’s sector performance, though Financials are strong as well (which is a bullish sign).
The rest of the sectors put in slightly bullish performance (60% of stocks in the sector are higher).
Still, this isn’t the picture of strong and dominant sector breadth we’d prefer to see at a new market high. Continue Reading…
Aug 28, 2014: 12:17 PM CST
Our key focal level for the S&P 500 continues to be the simple 2,000 index level and we’re monitoring any further sign of retracement or down-movement against this level.
Either way, we’ll focus all our attention on the 2,000 index level as mentioned in this morning’s earlier post.
Reference the earlier chart along with the bearish picture painted by today’s Sector Breadth:
Our strongest sector is the Utilities sector where 90% of stocks are positive right now.
Energy trails Utilities and Materials returns the third strongest performance today.
Our weakest sector today is Industrials (followed by Financials – not a bullish sign). Continue Reading…
Aug 28, 2014: 11:01 AM CST
“Always be prepared.”
Should the market continue trading down against the 2,000 level in the S&P 500 (and corresponding level in the Dow Jones), what simple Fibonacci Levels would be logical targets?
Let’s take a quick glance at the current Fibonacci Levels to watch on a continued retracement lower:
First, compare notes from yesterday’s update “Stepping Inside the Straight-UP Rally for the S&P 500″ which detailed the divergences (including market internals which you’re seeing above) and the reversal candles on the daily chart.
The logic favors a retracement, but remember that any additional buying pressure triggers more stop-losses of the bears (short-sellers).
Nevertheless, we need a plan to trade lower (target to play for) if the logical bears are indeed successful in stopping this rally. Continue Reading…