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Mike Paulenoff

US Dollar Sinks on Worries about Trade Barriers and Slower Economic Growth

Weakness in U.S. Dollar Index (DXY) has pressed beneath its prior corrective low at 100.26 (Jan 18) extending the near-term series of lower-lows off of the Jan 3, 2017, multi-year high at 103.82. Let's notice that the angle of decline of the 20-Day EMA is getting steeper, indicating that Dollar downside pressure is intensifying. In addition, DXY is again spending more time beneath important prior resistance at 100.70, and increasingly looks like it is heading for a challenge of the up-sloping 200-Day EMA, now at 98.30.
Harry Boxer

Mixed Picture to Start the Week

The stock market indices started the week off with a pop, and then a very sharp drop. By midday, they reached their lows, and then rallied back at the end of the day and finished mixed. Net on the day, the Dow was down 27.40 at 19,799.85, 75 points off the low. The S&P 500 was down 6.11 at 2265.20, 8 points off the low. The Nasdaq 100 was up 2.50 at 5065.70. Advance-declines were 16 to 13 positive on the New York Stock Exchange, and 16 to 11 1/2 negative the Nasdaq. Up/down volume was 3 to 2 negative on New York, total volume of 3 billion shares traded. The Nasdaq traded 1 2/3 b

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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