While the STRAT Chat projection of a major recovery rally if the June S&P 500 future held the major critical 1,606-1,594 support, will it also carry through the more substantial 1,640-45 resistance? If so, the retest of the 1,670 topping
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The STRAT Chat was very cautious this morning in the face of the continued erosion of the June S&P 500 future tone on weak short-term indicators. And that paid off in avoiding the early chop in the highly critical 1,606-1,594
Read more →The workbook covers all the terms needed to begin learning how to trade options, and how options are more beneficial than stocks or futures for beginning and experienced traders. Below is an excerpt for the workbook, and to read more,
Read more →Feeder Cattle Today’s featured market is the October Feeder Cattle. After breaking out of the intermediate down trend and the previous congestion area (A), the market has rebounded higher, and is headed back toward resistance at the Trend Average (B).
Read more →Today’s featured market is the September Mexican Peso. After breaking through the Trend Average (A), the market has found resistance around the intermediate term down trend (B). The Momentum Indicator remains positive. If the Mexican Peso closes above the High
Read more →Today’s featured market is the September Ten Year Note. After correcting down from the contract high, the market is finding support near previous highs (A). The Momentum Indicator remains positive. If the Ten Year Note closes above the High Average
Read more →[private] The September Future has consistently bounced off of the 510 zone for the last 6 weeks. If we re-test those lows, we see an option spread brewing. As always, we try to grab the just out of the money call fly
Read more →[private] A large support area for Gold has been the 1520-1540 zone. Since July of 2011, we have seen gold bounce off this level multiple times, all with significant moves to the upside. We are looking to take advantage of
Read more →[private] We have been watching Crude Oil for some time now, waiting for the commodity to break down to the 77-78 zone. We have been eyeing the 80-90-100 September Call fly. Keep an eye on this spread. Give us a
Read more →Recap of today’s trading room. We shorted the ES on a breakout at 9AM CST today. Entered the short position at 1308.00 and bought it back at 1303.50. The trade yielded us a $450.00 profit off of a 2 lot.
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