If you read this blog or listen to my podcast on a regular basis, you know that I don’t consider myself a technician. But that doesn’t mean I don’t pay attention to technical levels—you have to take information from multiple places in order to make the best decisions. So to close out the first full [...]

Today is flip-flop day. I’m not talking about shoes you’d wear to the beach, I’m talking about the day when the front month of the S&P futures contract moves from December to March. Any of you who are players in the futures market on a day-to-day basis know that on flip-flop day, there’s a lot [...]

Folks, I’ve been around a long time, and I’ve learned that there are traders’ markets and there are investors’ markets. As the nervous condition continues and the aftershocks from Monday’s pullback are compounded by problems at European banks, this market environment has become unsuitable for traders—you simply cannot properly manage risk when there’s this kind [...]

Folks, this week is all about the three E’s: earnings, expiration and equilibrium. Earnings. Look at Target, look at Wal-Mart, look at Dell. Take a look at the S&P retail index, off an all-time high but still on a tear. Earnings are by and large beating the Street. The death of the U.S. consumer has [...]

Folks, looking at the markets today, futures are down, commodities are down. The market continues to correct itself after that parabolic move, and it’s really shed light on what I see as a reoccurring problem that needs to be addressed. I’m talking an entire world of people trading ETFs and not understanding what they’re trading. [...]