The regular monthly meeting of the San Francisco Bay Area Options Group is this Saturday:
Saturday 3-16-2013, from 9:00 AM to Noon, Room C-235
Fort Mason Center, San Francisco
1. Review Charter of the Group - Ray Douglas
2. Self-Introduction of Members & Guests: current activities, experience, location.
3. A New World of Options with Managed Options - Learn the Strategies of Professional Money Managers Who Exclusively Trade Options – Anthony Lazzara and Jason Roman of Lido Isle Advisors (See company profile below)
4. Having an unfair advantage on an iron condor – Don Blesi
Lido Isle Advisors is a premier futures and options investment and trading firm located in Newport Beach, CA. Lido Isle Advisors focuses on identifying and allocating capital to managed futures and managed options investment programs located around the world. The leadership of Lido Isle Advisors has been featured recently on CNBC, Bloomberg TV, Wall Street Journal, Marketwatch, and Financial Times. Lido Isle Advisors has recently made a presentation at Silicon Valley Options Group which received extremely favorable feedback.
This Group is not associated with any commercial, political or religious entity. Content of discussion shared among members and guests is strictly for education and information only. Members and guests are fully responsible for their trading decisions.
There is also a Webinar this week - Thursday- put on by the TSAA technical analysts' - tsaa.org website to register:
FREE! UPCOMING TSAA EVENT: Andrew Cardwell: RSI Trend Analysis, Trend Change and Price Forecasting
Webinar: Thursday, March 14th 1:30-2:30 PST
Register through WebEx. No password is needed for this event.
In his presentation, Andrew will share how powerful and truly dynamic the RSI is as a complete analysis technical tool. While most traders are familiar with, or at least heard of the RSI, he will share his insights as how he uses the RSI to see price, momentum, time, and sentiment come together. The RSI is probably one of the most powerful technical tools available to traders. The RSI is probably one of the most powerful technical tools available to traders. It is also one of the least understood. With his "range rules" for trend analysis, a trader can quickly identify the trend and see where the market is in relation to its trend and identify support and resistance. The "Cardwell RSI Positive/Negative Reversal Patterns" not only identify trend changes, but also help set future price objectives in the direction of the new and emerging trend. After attending his presentation, you will have a whole new perspective on the RSI and want to include it in your analysis.
Last week's Sentiment Indicators backed off a bit, with the exception of extremes in the areas of Margin Interest, at $364B!! This is the highest since July of '07, when it was $381B, a tad higher. Compounding a "nothing can go wrong" market with record low interest rates can be tempting. Also high was the "legal" Insider Trading selling of CEOs, etc. although they missed the boat bigtime in May 2009 as the cyclical Bull market was just starting.
One drastic change was seen in MMF (money market funds) flows, from over $5B Inflows the week before, to Outflows of nearly $17B.
Still preferable are dividend paying stocks. With the S&P 500 at 2000 levels ($1550), SPX dividends have DOUBLED to record amounts of $300B, according to Howard Silverblatt of S&P Corp.