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Expert technical analysis of financial markets by JC Parets

Looking Inward for Clues

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It’s common practice to follow the major stock market indexes to get clues into what kind of market environment we’re in.

This is important because when considering trades to put on, I would be better served if my next idea aligned with the current market trend and volatility profile.

But sometimes, the market (as one defines it – could be “the S&P 500” or “the Dow” or “the Nasdaq”) isn’t giving me anything conclusive to make a firm decision against. I’m getting mixed signals. This is common.

One way I have found to get a better indication of the market environment is to simply use my own portfolio as a guide. [Read more…]

[Options] Putting Time on Our Side

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Steve Strazza brought up charts of the energy, materials, and commodities sectors on today’s Flow Show. These are “peer indexes,” meaning they often trend together.

And the current trends suggest we need to add more bullish positions in these areas.

The one name that stood out the most was Freeport McMoRan $FCX:

But given the run we’ve already seen here, we need to allow for the possibility of some digestion which may put a governor on the speed on any breakouts from here.

To position ourselves for this possibility, we’re going to utilize a Call Calendar spread.

Here’s the Play: [Read more…]

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