Gold Archives - Options Trading Strategies for Consistent Income - OptionPundit

How to Profit from Future Options- IFO Weekly Update

By | FutureOptions, Income from FutureOptions | No Comments

Futures markets especially Corn, Wheat and Crude have been buzzing rather actively during past few months. As part of our Income from Future Options (IFO) service, our strategy has been to wait for the best set-ups that increases our probability of success and as soon as our set-up emerges, then we go for it. (Try IFO FREE for 14 days, thereafter US$97/- per month) (prices are revised upwards from Jul 22, 2013). Here is the weekly outlook for 3 markets that we are monitoring for set-ups to emerge. Usually this discussion is shared with Members only. This week we are…

Read More

When do I Buy Gold?

By | Trade Ideas | 3 Comments

I have been covering gold ever since Oct 2007 and many readers know that I am a long term bull on Gold (both Physical metal as well as paper gold). Gold is one of those underlyings that I don’t short. I, at times, may initiate a swings bearish positions but I will usually close it within a few days. Key reason – there are many factors beyond my tracking ability that affect gold price movement including but not limited to geo-political, currency, flight to risk etc to name a few. I, however, have certain points when I usually go long….

Read More

The Gartley Pattern on Dow and S&P500

By | Technical Analysis, US Market | One Comment

Gold is making waves, a new record high in terms of US$; I hope you read my earlier post on Sept 2 (Going for Gold)and benefited from the move. Recently I attended a talk in an investment club where one of my friends presented an interesting perspective about The Gartely 222 Chart Patterns and his forecast for the coming few weeks. As this was in line with what I was thinking so I thought why not share it broadly. The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935 on page 222. Although the…

Read More

How to Play Google Earnings, Again?

By | Earnings, Trade Ideas | 2 Comments

Google (GOOG) is announcing earnings today after market close. A $500+ stock and famous for it’s move post earnings, it is almost in every “speculators” list to play for the big event. I covered GOOG earnings extensively. If you are looking for a play based on detailed analysis based, check out the past trades here.  There were 4 different types of plays and all were the winners. So do you want to play again? what is your outlook on how much Google is going to move. If you expect Google to move more than $15-$20, you should not even read…

Read More

The Shining Asset Class – Gold

By | Technical Analysis, Trade Ideas, US Market | One Comment

Recall the post on Dec 31 on watching the Gold action. It has been closing upwards every years for the past 8 years. As of Friday’s close, Gold was up almost +7% year to date and as of this writing, it’s rising further. Attached chart shows a massive base building around $920-$940. And if Gold is to break-out based on 3 box reversal, the next logical price point is $1060, almost to earlier peak registered in 2008. That would mark either the double top, or if upside momentum is sustained, a new beginning on next Bull Run. Based on my…

Read More

Markets, Stocks to Watch on Tuesday

By | Daily Report, Technical Analysis, US Market | One Comment

The market started the week on a bearish note and the week has lot more to offer this week; International Trade data today at 8:30am, retail sales tomorrow, PPI on Thursday in addition to the cash index options settlement; and the biggies CPI, Industrial production and US equity option expiration on Friday. Volatility is here to stay at least for this week. Though we may term yesterday’s volume below average, the selling was big. According to Lowry’s, the down Volume was 88% of total Up/Down Volume on the NYSE and was 87% of the total on the NASDAQ. The bottom…

Read More