The Market Guys

This Friday marks expiration day for the December option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Baidu, Inc. (BIDU), iShares Silver Trust (SLV), Amazon, Inc. (AMZN), The Traveler’s Companies, Inc. (TRV), Cancer Genetics, Inc. (CGIX), Netflix (NFLX), Smith and Wesson Holdings (SWHC), Diamonds (DIA), Russell 2000 Short ETF (RWM), iShares Gold Trust (IAU), The […]

The stock has moved in the direction I thought it would so now we are faced with having to make the decision of either selling out of our long put position for a profit or selling front month puts in order to turn this position into a diagonal calendar spread. From the looks of the chart I’ve chosen […]

I often talk about fan lines as one of the best ways to measure the strength of a trend. However, as the angle of the trend continues to increase the probability of a price correction also increases. In this example, the angle of the 3rd perfectly with the 20-day moving average.

Oil prices have dropped dramatically as hopes fade that OPEC, the crude producers’ cartel, will agree to reduce output. As you can see from this 3-year, weekly candle chart, the price has pulled back $17 from the highs in June. Most of the selling has been triggered by fear that overproduction could cause a drop in industrial demand. For […]

This Friday marks expiration day for the November option chain. We are currently holding positions in the following companies; Gold ETF (GLD), Baidu, Inc. (BIDU), iShares Silver Trust (SLV), Amazon, Inc. (AMZN), The Traveler’s Companies, Inc. (TRV), Cancer Genetics, Inc. (CGIX), Netflix (NFLX), Smith and Wesson Holdings (SWHC), Diamonds (DIA), Russell 2000 Short ETF (RWM), and The Hershey Company (HSY).