resistance

The naked call is probably the highest-risk option strategy of all, right? Not necessarily. I have to admit that for most of the 35 years that I have been trading options, I always associated risk with specific strategies. But recently I have begun questioning this assumption, and I have come to...

Those who philosophize about the root causes of market movements will have certainly come to the conclusion that there is an ongoing battle between bullish and bearish participants. To help you understand this concept better, let us use a metaphor: Imagine resistance being an immense wall that...

That answer depends on where you stand. The markets have been very headline-driven lately. It seems as though whenever a figurehead at home or abroad speaks about bailouts, recapitalizations, etc., markets seem to swing wildly. This is not a surprise as nobody knows where to put their money...

The S&P 500 Large Cap Index ( NYSE:$SPX ) spent the day "killing time " with a session close of 1122.97 . The S&P 500 SPDRs ( SPY ) gained 0.34 points to close at 112.64 . There may still be some upside to go but we may have to wait until Monday for that event. It will probably be a "...

The S&P 500 Large Cap Index ( NYSE:$SPX ) and the ETF S&P 500 SPDRs (NYSE: SPY) continued to test new resistances in search of the Top of this Bear Market Rally. In the last session the Index stopped dead at the Fibonacci level 1125.6 . The high of 1125.64 was reached early in the session...

The S&P 500 Large Cap Index ( $SPX ) and the ETF S&P 500 SPDRs ( SPY ) continued their quest to arrive at the TOP. The $SPX Index gained 1.55 points to close at 1104.49 and the ETF SPY gained 0.07 points to close at 110.74 The technical indicators, as well as other analytical methods all...

The shares of Fluor Corp ( FLR:NYSE ) gapped down on 2252010 after fourth-quarter profit fell short of analyst expectations, and the Company cut its guidance for 2010 stating that orders remain weak and they expect delays in large projects . That news helped reinforce the direction of the...

Finally the S&P 500 Large Cap Index ( $SPX:NYSE ) continued with the minor correction and finished down 13.41 points at 1094.60. The correction may not be finished and the Index could go down to 1086 before the correction is completed. If the correction is completed, then the Index should...

Throughout the night session the price of the S&P 500 E-mini ( ESHO:CME) has been oscillating like a seismograph chart . At the present time the Futures are indicating a positive open. The S&P 500 Index ($SPX:NYSE) and the ETF S&P 500 SPDRs (SPY:NYSE) have formed long legged Dojis in...

On the 2nd of February the S&P 500 Index (NYSE:$SPX) failed to remain above 1103.36 , a Fibonacci sub level from the rise 666.79 - 1150.45 . Today, February 3, 2010 it had, by my rules, to test the level 1095.31 which it did with the Low of 1093.97. The Close @ 1097.28 left the Index below a...