Gas Prices have fallen to 2.80/gallon. This is Bad News.

You might be very happy that the price of gas has dropped so sharply. Some estimates have it as people in the United States are saving over 300 million per day, down from the almost 4 dollars a gallon it was earlier in the year. More money in your pocket means more you can spend and put back in the economy and less for OPEC, right? Well as it turns out, it actually is a bad thing. Falling gas prices are an indicator of a sick global economy. Gas...

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Update for upcoming week 12/1

The Nasdaq is now on a last gasp runaway train going up to one of its final stops before it turns around and heads back south. And I believe its going to be a pretty big downer. I'm going to do this in reverse and look at the foundation of the problem by looking at the weekly: As you can see there is a pretty big foundation problem that is building right now. Take a look at the RSI, it is spooling downward and you can see this by looking at the...

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Pick Analysis for the last three months and site redesign

Hi everyone. I am going to go over all my picks and reboot my system for long term success in the market. I know know what works and what doesn't work. What you are going to see below is likened to a computer readout and analysis of my mind based on my picks for the last three months. What I am doing is openly processing them and from them, amending my list of working rules for my trading. I do this every three months in order to fine tune and to...

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We sell NES spring for profit, ENTA calls

So we are out of NES. We had a 10:1 ratio on our call/put, and we made some money. First our outs: NES Dec 2014 10.000 put (NES141220P00010000)  -OPR 0.65 0.00(0.00%) 1:53PM EST Prev Close:0.65 Open:0.40 Bid:0.40 Ask:0.85 Strike:10.00 Expire Date:20-Dec-14 That was the put at 100% and now for the 10% call: NES Dec 2014 10.000 call (NES141220C00010000)  -OPR  Watchlist 0.91  0.54(37.24%) 1:53PM...

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The God Code for Gambling

I have always been a gambling enthusiast. What really sparked my interest in gambling was the new riverboat legislation in illinois/chicago area that allowed gambling riverboats in the Chicago area. As soon as craps, roulette and blackjack showed up I went out and bought a slew of books on how to beat them. It turns out that most of them were crap, and even some of them quite possibly were working with the casinos. I would say that once every 3 or...

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