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Mike Paulenoff

Is BX Preparing For an Upside Thrust?

For days, I have been watching the pullback in The Blackstone Group L.P. (BX), looking for weakness to retest its Jan 3 upside breakout above 29.50 after an initial thrust to 31.15. My optimal pullback target zone was 29.20-28.30. Yesterday, BX pressed to 28.98, and has since turned up to 29.60, which has the right look of the start of a new upleg effort in the aftermath of a 7% correction off of the 31.16 prior rally peak. Let's also notice that the weakness was contained right at the up-sloping 20-Day MA, now at 29.09, and prices have turned up from there, which is very co
Harry Boxer

Down Day with Poor Technicals

The stock market indices had a tough session after opening with a gap up, and a strong surge on the Nasdaq 100, but the S&P 500 was barely able to move. They plunged sharply in the morning, bounced back midday, only to roll over again, making lower lows. At the end of the day, they did have a 5-wave comeback that pared back the losses, but still it was a down day. Net on the day, the Dow was down 72.32 at 19,732.40. The S&P 500 was down 8.20 at 2263.69. The Nasdaq 100 was down 4.68 at 5051.17. Advance-declines were 22 to 7 1/2 negative on the New York Stock Exchange, and 2 1

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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