Chuck Anthony

Year over Year Change in Home Prices

I could draw a chart illustrating the subduction process in plate tectonics where the edge of one crustal plate descends below the edge of another -- It would look about the same. Well, maybe not exactly but, crazy markets deserve crazy analogies; like the one that shows Cleveland as a decent perch for cliff divers in bear suits.

Gold and Silver 'Bubble' Has Long Way to Go

Thanks, Marc. I track and sometimes trade GLD based on the charts. I've noticed gold challenging the $1,000 mark five times since March '08 only to be turned back each time. Last week though, gold closed above $1,000; perhaps an indicator that we gold bulls could have additional strength for higher ground. Will be interesting to see where gold closes today.

Rally May Last Longer than Expected

No one wants to come out and say it (Bull Market) because "it's" a fraud; the stock market rally that is. As long as banks and brokers continue to make money and as long as Benny & the Feds keep printing it in such a manner as they are, it's no surprise that the market rally would be "extended" as you put it.

My question is: Who carries more weight right now, the professional money managers buying into the rally or, the corporate insider selling?

Chinese Stocks Break Below 50-DMA

Several Chinese banks, including Industrial and Commercial Bank of China will report earnings next week. I'm anxiously awaiting that data and have already covered my longs.

First and Last Hour Correlation

That's one I haven't seen before, thanks. For me as an active (day) trader it means staying in as few positions overnight as possible. I actually enjoy trading during "amateur hour", but it's only amateur hour if you don't know what you're doing.

S&P 500 Up Big; VIX Down

Like the debate, thank you. I'm long DXD @ 41

China on Run of a Lifetime

I read an article on Bloomberg yesterday that China's impressive rally has left something in its wake; an index trading at 36 times earnings. I think a correction at this point would be in my playbook, but pass the crystal ball down here anyway :)

10 Stocks to Watch on July Options Expiration Friday

One of the most timely and straight foward articles I've had the pleasure of reading today on SA -- Clear, concise and insightful. Happy Expiration Friday, Marco!

S&P 500 Breaks Above Downtrend

The chart since the beginning of June looks like a head and shoulders pattern waving goodbye -- or, good buy.

VIX Makes a New Short-Term Low

I don't know, but VIX below 25 could mean curtains for Bears.

Techs Lead The Market Rally

I like a move up to SPX 930 before the weekend and then a pullback. I have SDS JUN 56 Puts working.

Don't Chase the Markets Up

I enjoy your articles, Marc, thank you. Yesterday entered an options play GLD JUN 95 Put looking for that pullback you mentioned around 850. I figured the extra week for June expiration might help.

DJIA Daily Intraday Range

I'm in agreement with you, Henrique. With the SPX closing below 900 today, the move down appears imminent, but I'll be watching that 875 level very closely.


On May 21 05:57 AM Henrique Simoes wrote:

> It looks like volatility will only go higher from here.
>
> Increasing volatility is bearish and I am shorting the S&P Futures
> all the way from 915.
>
> I think we will test 850.

DJIA Daily Intraday Range

Great illustration, thanks. Overall, it looks to me like a downtrend from a January high of about 4.5 that relates nicely to the VDX volatility index (50 on 1/21 down to 25 this morning.

Dryships Spoils the Party

Hello Andy, I might day-trade a DRYS May 7.50 Put if the stock reaches its 20-day movng average (looks like around 7.10). I'm using stochastics, ADX and RSI as measures. Perhaps a step towards its rising 50-day moving average ahead of expiration.