One of the more interesting “games” played in the Options world is to pick the following month’s strikes (option prices) and simply go long – or short – according to what the playah sees ahead. Options expire on the third Friday of the month – which is this week late. When a market is trending strongly … Read More
A more detailed look at a possible wave count that – if it continues on track – may be the harbinger or horror, the bringer of bummer, and the foreshadow of famine as the year rolls along. Yes, it’s likely to be even worse than our alliterations. The foreshadowing is seen in charts, murmured by … Read More
Business first as a continuation of our sluggish-to-begin rally finally dug-in Thursday. The picture from here still leaves open a Wave 2(5) run back to the overhead resistance trend line. IF we are in the early slog of Wave 3 down (a minor (ii) rally in play now), then using those Elliott and Fibonacci numbers … Read More
An Easy Math Lesson is where our Adventures in Money Grubbing begins today. For those who have never studied the work of who? “Fibonacci (/?f?b??n??t?i/;[3] also US: /?fi?b-/,[4][5] Italian: [fibo?natt?i]; c.?1170 – c.?1240–50),[6] also known as Leonardo Bonacci, Leonardo of Pisa, or Leonardo Bigollo Pisano (‘Leonardo the Traveller from Pisa’[7]), was an Italian mathematician from the Republic of Pisa, considered to be “the most talented Western mathematician of the Middle Ages“… …reports Wikipedia. His … Read More
Although we had legit concerns about Taiwan being subject to a Chinese grab over the long weekend, good sense (and a super-typhoon) prevailed. So, we reckon this to be “strike three” for “Divine Winds.” (For the other two in 1274 and 1281 consult your history books.) Which brings us to this morning and what – … Read More
The government’s latest Emp-Sit (employment situation report) has just been released. But before we go there some contexting is useful. First, we had Wednesday’s ADP hiring data. This reported “ADP National Employment Report: Private Sector Employment Increased by 132,000 Jobs in August; Annual Pay was Up 7.6%”. Key part of their press release was that … Read More
Why. our headline today almost sounds like one of our ShopTalk Sunday reports, doesn’t it? Except the task at hand is much larger: How do we still “save America” and continue the rational assent of the Western World? The task is mighty daunting: We’re going into a risky war-kindling weekend in the Winds of War … Read More
C.O.M.S. (Crazy old man story – a nice wrap-up of the week.) Elaine and I watched a marvelous doc on Netflix last night about “How Cat’s Think.” Well worth Ure’s time. Especially because Elaine calls me The Dog (all men really are dogs, after all). And I call her The Cat (lithe, graceful, slinky and quiet…). … Read More
My consigliere called Monday. Up scouting the slopes at Beaver Creek in Colorado. Forgot to ask if he was wearing a gray Fedora with a black band. The reason for the call? Most people – when you give them a set of numbers, and ask for a chart, will promptly open Excel and build a chart. Others … Read More
We call it the Muli-War. A War Over Everything. WOE. It’s clicking into place even now. No longer merely a World War (now passe!) the Multi-War extends into cyberspace, food and water supplies, space, and even the partialverse. Social Media’s in on it…hell, everything is in play. Everyone is winning and losing – all in … Read More
Every time a Bubble arises, supporters of the “new paradigm” argue that somehow “This time it’s different.“ The data says it hasn’t been different yet. One of these days that may be true. However, we have come up with a method by which similarities may become clear between non-equivalent markets with wide temporal separation. Which … Read More
Welcome to Options Friday. The Index options expired at the higher close than where we go today. So, the way this works is Big Playahs Sell Index Options at the high Thursday. Say an S&P 500 option to make it easy. The price was based on the S&P close of 4,283.74. Today, the futures indicate … Read More
Short for “Operations Tempo” it’s the kind of thing military commanders coordinate. One flank moves at a certain speed while another moves at something else. Between, an enemy is “herded” into a disadvantageous position. In markets, there is an OPTEMPO, as well. Sometimes sector moves are fast, or at other times, painfully slow. This morning … Read More