Posts Tagged ‘dollar’
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SWINE FLU TRADE – Cattle Option Strangles
08/25/2009
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by Drew Klein
Greenrush Capital Management, LLC
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Duration : 0:3:46
Today we look at the alternate views of the longer term market based on Elliott wave analysis. Some other things to keep in mind is that this market needs to retrace very very soon. We managed to call the top around 1044-1046 today, and we expect some sort of selling pressure into monday. We look at SPX, Dow Jones, JPM and XLF (which are both forming H&S formations).
Duration : 0:5:1
JUST AS EXPECTED! We saw a rally to 920-926, more specifically 923 and then the market reversed to end up just a little up for the day on incredibly low volume. This to me, seems like a bear flag development and is very bearish for tomorrows trading. Also strong options activity shows that we could be selling off very strongly both friday late trading and monday as people have sold to open millions of contracts that are IN THE MONEY (75-90$ calls). Check out this video, as we might be headed for a strong sell off to the 875-880 level on the SPX.
Duration : 0:8:58
First of all, if you are interested or have any questions about the Short-Stocks Hedge Fund email me at: idan.koren@duke.edu
Today I look at the strong rally which was put to an end by the bad earnings in the after-hours of AMZN and MSFT. I look at some of the trades I made today, and some of the possible trades that could be looked at in the future. My guess is that today was a blow off top, and that we might see a few days or maybe even a week of consolidation between 927 and 960 on the SPX. In this video i also look at the SPY, GS and AMZN and talk about the market pscyhology of today’s rally.
Duration : 0:10:15
Today I look at some overbought conditions both on the RSI and MACD, and explain the significance in these embedded environments as we hit some extremely strong necktie resistances between two huge trendlines. While the 38.2% are very close, and people expect us to hit it, I believe the first push lower of either a reversal or consolidation might start as soon as early or late monday and will continue for more than one day. In this video I also look at the inverse H&S on the Dow and S&P that broke out and explain what the ramifications may be for a very strong red week. I also look at GS, AAPL, AMZN.
Duration : 0:11:0
Today I look only at the SPY and VIX chart, but I forecast two potential scenarios in the market, that both lead to a higher (lower volume) ending day (0.5-1%) for tuesdays trade. The first is a small gap higher due to the amateurish action that happened in the last 20 minutes of trading and then a sustained low volume increase until the end of the day, potentially forming a doji green candle. The second is a continued sell off lower to hit the 88.20 level in which we will reverse mid day and end the day potentially flat or slightly positive. I hope you take my words of advice that I put out on this video because it is extremely important in order to become a good trader!
Duration : 0:10:20