Before discussing why I think the S&P 500 may be setting up to rally I have to discuss an options strategy that often times is overlooked. Besides writing covered calls and cash-secured naked puts (same risk profile by the way), one of the most basic spread constructions available to option traders is the vertical spread. A vertical spread can...

By Jordan Roy-Byrne, CMT My favorite form of technical analysis is intermarket analysis which is the comparison of various markets and sectors. All markets relate in one way or another. The current market cycle is being dominated by macro-related events. Since all markets have had a stronger link than in the past, it makes intermarket analysis...

By: John Darsie of T3live US markets made another push higher again Thursday as they try to rally at the end of a weak month of May, all despite more weak data points with higher than expected jobless claims and a downward GDP revision. The stuttering recovery now has commentators talking QE3. Today’s push puts the S&P right at its 50-day...

Courtesy of Mish Every time the US dollar ticks lower, commodity prices tick higher, or the CPI rises two tenths of a percent, hyperinflationists come out of the woodwork with nonsensical predictions and silly comparisons to Zimbabwe or Weimar Germany. Given that the US dollar recently fell to the lower end of its trading range, hyperinflationists...

HCPG Blog We’re seeing a ton of patterns like the following.   It’s a great pattern for commodities coming off the bottom.  You don’t get the exact bottom but often a nice meaty move.      Here are a few that have already triggered (and have been in our newsletter — strategy was swing long into the break) and a few that have not broken...

By David Galland, Casey Research While there are many reasons that gold and silver are going to keep moving higher as the fiat currencies trend lower, at our recent Casey Research Summit in Boca Raton, faculty member Mike Maloney pointed out a fact that, while obvious in hindsight, I had never heard mentioned previously. Namely that during the last...

Tim Iacono The Commerce Department reported that the first quarter growth rate for the U.S. economy was unchanged at 1.8 percent in the second of three estimates for the period, but this morning’s bigger news was elevated jobless claims that have now exceeded the important 400,000 level for seven straight weeks as reported by the Labor Department. Initial...

Did you get your demo account to “front-run” Citibank, UBS and the other big banks? You basically get to execute YOUR trades in front of the currency trades of these big banks who trade $3.2 TRILLION a day in the currency market. Click here to get all the details. On the other side of that link, you’ll get to demo Mike Maffei’s bank ...

by Tyler Durden One of the side effects of the overarching “price stability” mandate of the Fed, it turns out, is the fact that since its inception, food and pretty much all other commodity prices have, well, gone up non stop. All of this, of course, is courtesy of the relentless loss of dollar purchasing power, shown below on a log...

by Karl Denninger Here we go….. “I am forced to speak openly,” Damanaki was quoted as saying in a statement by the semi-official Athens News Agency. “Either we agree with our lenders to a programme of tough sacrifices … or we return to the drachma.” Do it. Here’s what happens if they do: The Drachma would...

Revisiting the First Silver Bubble. With smoke still rising from the ruins of the recent silver crash, I thought I’d touch base with a wizened and grizzled old veteran who still remembered the last time a bubble popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful...

In doing some brief reading around the blogosphere I have noticed that most pundits are writing off gold, silver, and oil entirely. In fact, I have even read that the selloff is just beginning in precious metals and energy. In addition to the bearish traders, it seems as though even more traders are expecting some period of consolidation. Lower prices...

By: Marc Sperling of T3Live While looking for stocks I believe will break their recent down trends, Molycorp, Inc. (MCP) stood out to me. I will be watching break of the $60 level for a potential momentum trade to the $62.60 level. If price action can break that $62.50 pivot I will be looking for a swing trade to my first target of $65.50 and then...

Starting right now, you can demo Mike Maffei’s bank order flow trading strategies in your account. Click here and you can test out the trading strategies he used to turn $10K into $100K in just over a month and $50K into over $750,000 in a year by “front-running” Citibank, UBS and the other banks. A lot of traders asked Mike to let them try...

By: John Darsie of T3Live US markets were unable to bounce during the session Monday after large overnight losses. More European sovereign debt worries through the weekend strengthened the dollar and weighed on stocks into the open of US markets. While the major indices were unable to push higher after the down open, many leading momentum stocks were...