Monthly Archives: May 2017

S&P500 To Temporarily Delight The Bears

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First Solar’s Sentiment At Elevated Levels

Even though I remain bullish on the market, buying puts, put spreads or diagonals (which can be spanned out in time) is a good way to profit from temporary declines. At present inĀ First Solar, Inc.(NASDAQ:FSLR), momentum indicators are way overbought, … Continue reading

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Retail Traders Turning Bullish

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Big Move In Crude Oil May Have Confirmed The Intermediate Low Is In

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Caterpillar Still A Risky Short

Caterpillar Inc.(NYSE:CAT) is trading north of $99 a share after reporting a seemingly impressive earnings report. Sentiment in this stock has been fueled by the meaningful earnings beat in the first quarter plus the improved guidance for fiscal 2017. Nevertheless … Continue reading

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Diagonal Spread Set-Up In Nike

Sometimes I favor diagonal call spreads over taking hold of stock due to the considerable buying power reduction and return on capital. So basically instead of buying stock, one can buy call spreads where the long call is a good … Continue reading

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Crude Oil Approaching A Hard Bottom

Crude oil (NYSE:USO) sold off aggressively today as it lost over 5% to finish at around the $45.50 level. Therefore we have confirmed that a new intermediate cycle has not begun yet as the March lows ( where some analysts … Continue reading

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Silver Due A Short Term Bounce But Lower Price Coming

Silver (NYSE:SLV) lost more than 2.2% today and looks very oversold on the daily chart. Its momentum indicators are in deep oversold territory and short term sentiment is extremely bearish. Usually silver follows gold (NYSE:GLD) but movement is far more … Continue reading

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S&P500 To Deliver A Lot More Upside

The Robo ratio is illustrating that the market is still nowhere near a permanent top. There are still far too many retail traders who are bearish and are buying puts in the process. This ratio needs to go well under … Continue reading

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