Top Day Recommendations
11.13.08
At least the market has taken the news that weekly jobless claims came in at a worse than expected 518K fairly well.
Secretary Paulson yesterday impersonated a fish out of water  as policy flipped from buying toxic “assets” to helping consumers with cc debt, auto and school loans. Players get discouraged when rules change [...]

Top Day Recommendations
11.12.08
More of the same overnight. An early rally in stock index futures last night soon fizzled. Best Buy guidance is dismal this morning. No eco releases, just API and DOE at 10:30 regarding crude and its products. Slumping crude prices has y pressured Russia. Just recently it spent 31 billion to support the [...]

November 6th, 2008
See me in the latest issue of “Technical Analyst”, Trading Volatility with the VIX

U.S. Treasury futures rally in volatile trade.
Profit taking ahead of tomorrow’s employment numbers were blamed for an early morning breakdown in pricing.  the move occurred despite the an ECB and British central bank rate cut announcement .  Insiders noted [...]

Top Day Rec
11.07.08
Expectations weren’t great. The economy had been forecast to have lost 200K in jobs and the headline rate to go to 6.3%. The real number came in at the whisper number of -240K while the headline number was 6.5%. Even worse was an upward revision in September to -284K from -159K. Initial reaction [...]

Day Trading the Index Futures: How to Judge Good Entries
by Mike Reed
QUESTION: If the SP futures fall through support and go straight down for another two points, and I want to get short, should I a.) Enter immediately, b.) Two points below support, or c.) Should I wait for a pullback and then try to [...]

Weekly Futures Report
11.06.08
Filed 9:25 am Thursday
Last                                                  Last Week
Dec Crude                                63.91                                                   68.29
Dec Heat                                   202.50                                               204.40
Dec XRB (Blended Gas)          140.99                                              152.21
Crude oil fell in price compared to prices traded a week ago. Prices rallied sharply on Tuesday, the eve of the US election as the dollar fell against major foreign currencies. The price extension [...]

THE SECRET OF REDUCED MARGIN SPREADS
by Joe Ross
One of the best kept secrets in trading is that of reduced margin spreads.  You cannot name a trading method that provides more safety or a greater return on margin than does a reduced margin spread, while also being one of the least time-consuming ways to trade. Have [...]

Top Day Recommendations
10.17.08
Housing starts come in lower than expected. Yesterday’s rally had more to do with option expiration than anything else. LIBOR will finish the week lower than last week and that is reason for marginal hope. Recessionary pressures continue, however with job loss and depressed wages being of prime influence. Look at gold this [...]