Market Prediction for 2013

Markets are like Rorschach tests– blobs and squiggles about which everyone seems to have a strong opinion, but these views often diverge 180 degrees. I believe the US equity market is about to begin another historic blow off rally that will take the Dow to...

Trading Trance

I was talking with one of my alumni students today. My alumni program runs 3-months and is designed to take traders from SIM to live. Dennis is a programmer for a large financial services firm and trades weekly options on AAPL mostly on expiration Friday. He mentioned...

Trading or Gambling?

Last night at the tennis club a buddy of mine who trades stocks commented that he wants to buy AAPL before earnings. He is convinced that the company will beat expectations and the stock will pop.  I said, “Don’t do it.” The reason for my remark has...