Tuesday, January 31, 2012

Trade Reviews - January 31st, 2012

5-minute BAC chart

5-minute GS chart

Before the market opened, BAC gapped up 8 cents from yesterday's close. BAC closed the gap at 11:10AM. At 9:55AM, Morgan Stanley was the first bank to close the gap. Keeping an eye on on MS and other financials would have been the clue that BAC would eventually fill its gap. The next trade in BAC was to buy the unch. Goldman Sachs would have been the clue to buy the unch and hold. At 11:05AM, GS broke above VWAP and and broke through R1, R2, and R3. BAC and GS both closed just above VWAP.


*Special thanks to Option Radar, BMO Capital, MEB Options, Bloomberg, Reuters, Optionistics, LiveVolPro, CBOE, AMEX, Option Monster, T.O.P. group, and all of the options desks and traders we work with to provide the option flow!

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

Wednesday, January 18, 2012

The Long Roots of the Chinese Economic Boom

This is part 1 of 10.  I'm only about half way though but I've found it very interesting thus far. Enjoy.

Tuesday, January 17, 2012

Jim Dalton Webinar - Thinking Fast and Slow

Book by Daniel Kahneman, "Thinking, Fast and Slow", is in heavy rotation in the Flotilla Trading Room. Check out Dalton's take.

Understanding How We Make Decisions from Jim Dalton on Vimeo.

Friday, January 13, 2012

Big March Roll on VIX

Tuesday, January 3, 2012

Asch Conformity Experiment

Song of the Day Teen Daze - Let's Groove