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February 8th, 2010 Friday showed how VIX, and the complacency the market had felt, was far from true; instead, a pent up consolidation continued to erupt. The market hit theoretical Dow lows Friday of 9797, only to close at 10,012, or 10,042 on the theoretical. For months Floyd has provided projections, and discussed what is called a Fibonnacci retracement. This ancient mathematician used his numerology analysis to predict that from the "lowest low" of something it will rise 38 and then 63%. The market did just that and we predicted hesitancy and confusion at 10,746. We've been doing so for months. As the market reached this, and a slight step above it, we began to see the faltering. Fibonnaci and chartists typically see a 10 to 20% pullback from the new 63% highest high. This would put the Dow at 9671. Friday we came very close to this bottom before ending the day above the, psychologically important, 10,000 mark. So, what's next? Was this a good and healthy consolidation from a market that moved up too quickly, or is this the U.S. economy being noted globally for not having the resiliency or strength, and that our debt will overtake us? Being one what trusts and believes almost nothing, I make note that the arctic ice melt is to cost 2.4 trillion. Of course many with IQ'x of 40 or more actually believe there is no global warming. These were the folks that voted for Bush the second time :) If the arctic ice melt can cost 2.4 trillion, where does this come from. If the Euro is now losing value, the USD gaining value, and Gold and Oil losing value, what do you make of it? I know oil will run from 60.00 to 100.00 a barrel, and run in cycles. I know these things as opinions, of course, that you are paying for as you project the market short term. So, here is what I know about a 10 vs. a 20% correction. If the market continues to correct, and passes below 9500 we suggest that the country will be ripe for another, even larger stimulus plan, increasing our debt further, and that Congress will pass it. This will occur as we hit 20% lows. If the market holds near where we bottomed on Friday and holds steady, or shows slight increases, then 2010 will continue in the same slight whipsaw, light increase, decrease, and a lucky year end of 2-5% above prior year, if we're lucky. It's a trying time. We will lead with a call, on the optimistic side that we may now trigger a short term upside, but pay attention to futures carefully. We think the Friday upside reversal may give way to an oversold bounce. However, if one reviews the NYSE Bullish Percent Index it's easy to see how my comments above show a turbulent year and no quick recoveries. |
Testimonials From Subscribers...
Floyd,
You are incredible!! I can't believe the signals you have put out in the 3 weeks I have been trading, not to mention the by product of learning a great deal. The May 640 calls – another huge winner!
Thanks for your help!
~RC
"Floyd, got the 620 and returned over 100% in two days. Incredible."-
~
Jerry W, NYC
Just got my fill at 2.45 on the 655 Calls bought at 1.70 - Nice 44% profit. I calculated my sell price using the pivot point and it worked perfectly.
~
DW, Australia
I have benefited greatly using the information in your website and market alerts. My trading account has grown by a factor of 50 since first finding OEX Options last year! Now, I can afford to take some time off and enjoy some other aspects of life. I will continue to recommend your service to
anyone seriously interested in achieving similar results to mine.
~RC
Floyd, you are remarkable----Thanks! Hope you have a nice dinner and good evening. Have you had your physical lately? How's your blood pressure and cholesterol? Are you walking daily?
Just Kidding
Love Ya
~SD
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I was brought up in Chicago by a stock trader that trained in the 1920's and 30's with Richard D. Wyckoff, the famous technical trader that utilized Charles Dow's supply and demand point and figure charting.
This website is for traders who do not just want a daily option trading signal, but who truly want to learn how to trade a stock index, such as the S&P100 (OEX).
Trading the S&P100 (OEX) is much like trading the Dow Jones Industrial Average (DJIA), e-mini futures, the S&P 500 (SPX/SPY) , and the NASDAQ (QQQQ) This is a cash derivative stock index that provides an excellent option trading benchmark, and is great for day trading.
Our service provides a complete 130-page manual which I have written about the OEX. The service also provides a daily pre-market alert that identifies 8 key areas to successfully DAY TRADING options.
Clear buy/sell and stop loss guidelines.
Teaching the techniques to help you trade online effectively. Private email mentoring to any subscriber from our seasoned stock trader. Mentoring. Class A service.
Learn to trade index options successfully.
No false promises. NO Day Trade at home and make 20K a month faked reports of best conditions. OEX Options teaches YOU how to trade.
The simplicity of the market is its’ greatest disguise©
Check out some References from satisfied customers!!`
About the OEX
The OEX is a subset of the S&P 500 index. The OEX consists of the top 100 blue-chip stocks from diverse industry groups - they provide a good measure of the market’s overall performance. OEX is the ticker symbol for the S&P 100 Index.
OEX options are popular for several reasons:
- Investors can trade OEX options rather than analyzing and
investing in any of the 100 top stocks individually. It takes less money for greater reward, at greater risk. - Purchasing S&P 100 options can be less risky than buying and selling numerous individual stocks
- Trading OEX options requires less capital than trading the options of individual stocks. The trader can leverage better.
OEX Options Knows the OEX! We Trade it Everyday With You!
Each market day we send a complete Pre-Market Alert that provides the trader with all the tools and resources they need to make smart financial option decisions, with detailed information about:
- Just how far the market could move up or down that day-Exact points the OEX itself could move to, allowing the trader to know exactly when to buy and sell.
- A new simple put or call signal to consider in the blue chip S&P 100 stock index, (OEX).
- The opportunity to earn 20 to 40% daily on our signals, and the education behind the trade to be able to do so. We TEACH conservative stock option trading.
- Stock day trading to up to 3 day holds.
- Full time mentoring available online via eMail with our lead traders. We answer all email inquiries about how to trade and what to do same day.
- How to use stop loss and position sizing to seriously invest, NOT GAMBLE.
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At OEX Options, the strength of our service is that we TEACH you HOW to trade, not just what to trade. Each paid subscription gets access to our 130+ page OEX book, The Manual for OEX Option Trading.
Click here to read several actual pages from our OEX Option Trading Manual!
We teach you our formulas and “card counts”, the simple mathematical/supply and demand charting principles that can make S & P 100 index trading so profitable.
Index options like the S&P 100 are great for day trading! |
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The #1 OEX Index Option Educational Trading Service company. Simple rules, and highly personalized service.
At OEX we use point and figure charting, invented by Dow in the late 1800's, to clearly read supply and demand, and identify detailed support and resistance lines.
We teach simplicity.
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Rated in the Top 10 Viewed Advisory Services in the U.S.!
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Trend projection is simply knowing where
there is Resistance or Support, using
pivot points. At OEXOptions, we chart:
-Average True Range
-MACD
-Richard D. Wyckoff's Wyckoff Wave
-Japanese Candlesticks
-Point and Figure
-Volume
-Support/Resistance
-VIX
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Advanced Mentoring Program
Some traders in our Advanced Mentoring service are working with us now on using Fibonnaci extension levels. We use 138%,150%, 161.8%, and 200% as extensions in comparison with the classic Fib retracement
numbers we show in the alert. All of these multipliers help show more clear cut support and resistance lines. Extension values can be helpful.
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