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Mike Paulenoff

Very Long-Term View of the Cash SPX

This very long-term chart shows that in 2015 at a price of 2158.70, S&P 500 (SPX) traveled 1491.91 points off of the March 2009 low, which equaled the distance traveled between Oct 1974 and March 2000. If we extrapolate from a 1:1 ratio, to the next Fibonacci relationship, or 1.236 x the distance of the 1974 to 2000 advance, then we arrive at a next target of 2510.79.
Harry Boxer

Precarious Day, but Held Support

The stock market indices had an interesting session with a steep decline in the morning, moved sideways in a basing-type consolidation, which could have been bearish, but it turned out at the end of the day, and the last hour they moved up toward resistance, although it was a mixed session, and narrowly mixed session at the close. Net on the day, the Dow was up 7.91 at 20,619.77, 20 points off its high. The S&P 500 was down 2.03 at 2347.22, with a high of 2351.00, matching its all-time high. The Nasdaq 100 was down 1.75 at 5300.64, with a new all-time high at 5316.17. Advance-de

AdviceTrade Launches GammaOptimizer.com for Optimizing Options Trades

We are proud to announce that AdviceTrade in partnership with Gilburt Financial Services  and Leo Valencia have teamed to launch GammaOptimizer.com, which features a proprietary tool for picking the optimal strike and expiration when trading options.
 
The tool was developed by Valencia, an electrical engineer formerly with Bell Labs and Cadence Design who holds a PhD in physics from Stanford University.
 
The Gamma Optimizer site also features a trading room where members can interact live with Leo and receive his options trade ideas and analysis of options related to the S&P 500, Metals & Individual Stocks.
 
"Leo has been posting regularly in our ElliottWaveTrader.net room, where members know how knowledgeable and incredibly useful his options posts have been," says Richard Hefter, AdviceTrade president.  "We truly believe that all options traders will hugely benefit from what he has to offer on his own dedicated site for options traders."
 
GammaOptimizer.com is offering a charter member discount rate (discounted by $20/month) along with a free 7-day trial for those who sign up by December 5.
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