Consider ONTY Short

After a great string of gains, the market decided it wanted to lose its mind, and trend sideways in a tight channel. For weeks, we’ve been caught in this madness of dips and spikes. But now, as the party in China begins to wind down, and as rate hike fears reemerge,...

Exiting AT&T Calls Today

It’s nice to see the market moving to higher highs. It’s just too bad there’s no logical – or sane – reason for it. The bulls just continue to push the markets higher even as technical pivot points tell us we’re greatly overvalued. Typically, the Dow trades right at...

Consider AXP Put

What a mess… The Dow is challenging an all-time high based on nothing. There’s nothing to get excited about. Even Money Flow indicators are telling us traders have no idea what to think any more. It’s not often MFI will just flat line. When the bottom falls out of the...

Consider DIA June 2015 180 Put

I’m sure you’re aware of what’s still happening on Wall Street. On Friday, we were up 260 on the jobs report. Unfortunately, there’s not much truth to the report. If you want to see real numbers, look at the U6. Today, we’re down 65, sitting at the upper range of the...