August 2007 - Posts

• Post Labor Day Trading

  Friday, August 31, 2007 10:14 PM

  August is finally over and for most of Wall Street the end did not come quick enough. Before we get too excited I must point out that there could be more pain ahead for the bulls. Over the last 50 years September has been the worst performing month for the S&P Read More Posted by acrowder 0 Comments Go to top

• More Seasonality

  Friday, August 31, 2007 12:33 AM

  Short post again tonight. I am trying to work on the Insider’s page of the site which should be updated in the next few weeks. Also, I am working on a few new portoflios involing LEAP spreads. I was planning on introducing them this week, but I thought this was unfair to my paid subscribers, so I will introduce it to them first with guidelines and will report to my loyal blog readers next week Read More Posted by acrowder 0 Comments Go to top

• Riding the Seasonal Wave

  Wednesday, August 29, 2007 10:39 PM

  If you happened to trade the historical seasonal tendencies this week you would certainly have a fatter wallet as a result. Which brings me to tomorrow. Over the last ten years, the 22nd trading day of August (Thursday), the Dow and S&P have only experienced positive days once Read More Posted by acrowder 0 Comments Go to top

• Sell-off Continues

  Wednesday, August 29, 2007 12:50 AM

  Not much to say tonight so I am going to keep it very short tonight.  As expected, the sharp sell-off at the close yesterday carried over into today’s trading. As a result the S&P experienced its largest loss since August 9th Read More Posted by acrowder 0 Comments Go to top

• Bearish seasonal weakness coupled with overbought conditions often spells trouble

  Tuesday, August 28, 2007 12:37 AM

  Last week I stated that we should see some short-term weakness going into this week and that is exactly what we saw today. Moreover, by the way the market finished the day we could see a continuation of the weakness tomorrow. As the saying goes “professionals rule the close” and a weak close often carries into the following trading day Read More Posted by acrowder 0 Comments Go to top

• New portfolios next week - follow and learn our new Stock Options Strategies for FREE in the blog!

  Saturday, August 25, 2007 12:34 AM

  Due to the 5-week cycle in the September expiration cycle I will establish a position next week (4 weeks out). At the same time I will also establish a similar position in SPY so that we can compare how the two react to the market on an individual basis Read More Posted by acrowder 0 Comments Go to top

• Market Holds, But For How Long?

  Thursday, August 23, 2007 11:21 PM

  Given the magnitude of the short-term bounce, the market has done a remarkable job staying afloat. However, I think the short-term holding pattern could be coming to a close over the short-term (1-5 trading days). Why? well ,there area few reasons why I think a test or at least a short-term decline is near Read More Posted by acrowder 0 Comments Go to top

• S&P Stuck in a Range

  Wednesday, August 22, 2007 1:33 AM

  Over the last couple of days the S&P (SPX) has traded between 1430 and 1450. Typically, the longer an underlying, in this case the S&P, trades in a defined range the more violent the breakout. On a strictly seasonal basis, tomorrow is a fairly bullish day with the Dow, S&P, and Nasdaq finishing the day in the black 66 Read More Posted by acrowder 0 Comments Go to top

• The Week After - SPY Iron Condor

  Tuesday, August 21, 2007 2:24 AM

  The September expiration cycle is a five week cycle. According to our guidelines in the Iron Condor strategy we will not establish a position next week. We prefer to only go out a maximum of four weeks. We will also begin to following another iron condor strategy using SPY as its underlying Read More Posted by acrowder 0 Comments Go to top

• Post Options Expiration

  Saturday, August 18, 2007 12:06 AM

  SPX settled at 1450.11, roughly 5 points above the short strike of  the original put spread in our August cycle Iron Condor strategy. If we had only been smart enough to wait for the 58 point increase from yesterday’s close Read More Posted by acrowder 0 Comments Go to top

• Will the market follow through?

  Friday, August 17, 2007 1:27 AM

  The market experienced a wave of panic this morning. As a result the major market benchmark, S&P 500 (SPX) sold off to 1370, a level not seen since the short correction that began in late February. However, the surge lower led to one of the biggest intraday reversals in quite some time and the S&P actually closed the day in the black, up 0 Read More Posted by acrowder 0 Comments Go to top

• Major Indices Nearing Short-Term Extremes

  Wednesday, August 15, 2007 12:38 AM

  Tomorrow promises to be very interesting. On a technical basis, the major benchmarks that we follow are nearing short-term extremes and another push lower would certainly in oversold territorry. Typically, when the overall market reaches this type of extreme a short-term bounce (1-5 days) is to be expected Read More Posted by acrowder 0 Comments Go to top

• Retest of August Lows - 200-day MA Holds

  Friday, August 10, 2007 9:37 PM

  The retest that I spoke of yesterday occurred today in the S&P. The S&P bounced off of 1430 (August low) sharply and then began to vacillate widely. This could prove positive for the market as it moves into the end of what has been a crazy August option expiration cycle Read More Posted by acrowder 0 Comments Go to top

• Hindsight is 20/20

  Wednesday, August 08, 2007 11:26 PM

  I feel Helen Reddy’s statement sums our SPX Iron Condor position best, “Hindsight is wonderful. It’s always very easy to second guess after the fact”. The underlying SPX is well within our chosen range with only 6 full trading days left (SPX is a European style option) until options expiration Read More Posted by acrowder 0 Comments Go to top

• Oversold Again

  Saturday, August 04, 2007 1:45 AM

  It was another Friday sell-off as the thought of another  Black Monday  looms over the Street. Remember what I stated a few days ago; “August has been the worst performing month in the S&P since 1987 and the second worst in the Dow and tech-heavy Nasdaq Read More Posted by acrowder 2 Comments Go to top

• Is a Retest of the 200-day in the Near Future?

  Friday, August 03, 2007 1:23 AM

  All of the major benchmarks that we follow are now firmly situated in a neutral state. Yesterday’s test of the 200-day moving average (1450) in the S&P was successful and now the 1490 level should pose the biggest problem for the bulls if they indeed keep the short-term rally around long enough to reach that area Read More Posted by acrowder 0 Comments Go to top

• Another Volatile Day!

  Thursday, August 02, 2007 2:02 AM

  Sorry for the delayed post tonight, but my server went down today and occupied much of my time this afternoon.  It was another volatile day for the market. The S&P (SPX) broke the lows established over the last few trading days and then began to vacillate wildly as the day progressed Read More Posted by acrowder 1 Comments Go to top

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