Did The Bear Bounce?
Did the Bear Bounce? The September volatility was a bit of a shock; the market had lulled us into a false sense of security. But let’s keep things in perspective: from the high on the 2nd September (453.19) to the low on the 4th October (428.64) the market tumbled 5.4%. That’s not even a correction […]
Is It A Bear?
Is it a bear yet? Not yet. SPY will have to drop to 362.40 before we are in a bear market, which is defined as a drop of 20% from recent highs. Right now, it is not even a correction which is a 10% drop. But we have dropped 5.3% since the recent high of […]
Danger: Leveraged ETF
Why not use a leveraged ETF? One of the questions I get asked frequently is: Why not just use a leveraged ETF? Isn’t that going to get the same results as ITM? Well, no, it isn’t. While it is a common misconception, they work quite differently and get very different results. Let’s see why. What […]
Free for One Day
Problem with ITM Australian Version There has been a problem on Amazon that when some people downloaded the Australian version of ITM they actually got the standard ITM book instead. If you bought the Australian version and it doesn’t have the extra Australian chapters then apologies. To make up for it I am reducing the […]
Covered Calls
Are Covered Calls Worth It? I thought that I would devote this article to answering some of the most frequent questions that I get asked, so it is a bit longer than usual. But firstly, a look at the market. The big waves died down a lot last week, with 5 small candles and the […]
Some Big Waves This Week!
Some Big Waves This Week! A new market high on Monday, then 2 very nasty down days on Tuesday and Wednesday. Thursday opened down – and then climbed. Friday continued the climb, to get back within 0.26% of where it opened on Monday although it had been down almost 2% at one point. The tide […]