SPY

Check out my latest interviews at TraderInterviews.com & Benzinga:          www.BookingAlpha.com   AutoTrade Fill Report - Monthly Advisory:   Date: 09/30/2011    Trade: SPY Put Credit Spread Open Creates Iron Condor         AutoTrade Broker Fill Status: eOption:  Filled   TradeMonster:  ...

Check out my latest interviews at TraderInterviews.com & Benzinga:          www.BookingAlpha.com   AutoTrade Fill Report - Weekly Advisory:   Date: 09/30/2011    Trade: IWM Put Credit Spread Open         AutoTrade Broker Fill Status: eOption:  Filled TradeMonster:  Filled OptionsXpress: ...

This morning, the major stock markets indexes are holding up very well despite French banks trading lower and a possible Greek default. The stock markets are obviously betting on another wave of inflation creation by the the Federal Reserve and the other central banks to keep the stock markets in...

Today I closed a put credit spread on SPY by buying back the short put for $0.01.  This will leave us long the remaining puts that will expire worthless tomorrow.  Trade profit is reduced by the $0.01 debit to close and commission expenses.  Still a nicely profitable trade:  6.42% in 7 days.  ...

Today Greece got the wink-wink-nod-nod it needed when France & Germany stated that it will remain in the Euro Zone.  The market devoured that news running higher more than 200 Dow points.  Ultimately, some of the enthusiasm wore off and market floated back down into the close.  Still a...

 Sounds like Frankenstein talking, but here's a simple SPY system that Sells Thursday's close and exits Monday at the open. It also Buys Monday's close and exits Friday at the open. By selling the Thursday close we get a little edge on typical Friday weakness and improve our net return considerably...

Interestingly, yesterday's afternoon action and this morning's consolidation have the five-day moving average tilted upward once more.

A couple weeks ago I released a Free BONUS trade on SPY.  It was a credit call spread using September options:  Sep 129/131 Calls for $0.19   Today I am advising to add the put side of the trade to create an Iron Condor via the following trade: SPY Put Credit Spread Sell the SPY September 107...

This market doesn't look very promising right now. Seeing more red pop up. Financials remain the weakest industry right now. The market needs the support of financials to rally. I would not be holding any long positions in financials at this time. Money seems like it is being directed away from...

The full point bounce on such awful internals should be treated skeptically, in my opinion. Of course, one can't trade internals…!

This is an emerging pattern that bears some scrutiny.  It would be easy to dismiss the “A” chart divergence as a product of August volatility but it appears there's something more fundamental going on when the rally of the past 3 weeks is doesn't cause the spread to constrict…in fact, it's...

This move has the SPY pushing well into it's 23% Fibonacci extension and into the low end of prospective resistance zones. Financials and Energy have the SPY outpacing the QQQ and IWM.

The bulls squandered a strong open and trended lower all day, even breadth finished negative.  Gold and silver were the big winners once again.  We certainly have lots of gloom and negativity, so it won't take much for an oversold bounce/short squeeze to kick in, but do we need to break lower first...