Moby Waller

Moby Waller

A former successful CBOE Market Maker and European Options Trader, Moby Waller is co-portfolio manager of the ETFTRADR and Rapid Options Income trade newsletter programs with and is Director of Editorial for the BigTrends website. Moby began trading stocks and options at 19 years old. He graduated from American University, and prior to that was a National Merit Finalist. Moby's writing and analysis about trading and the stock market has been featured on, Barron's, Yahoo Finance, SeekingAlpha, and thestreet, among other places.

No Comments Weekly Market Outlook – September 26, 2016

While the market may have ended last week on a sour note, a little pre-weekend profit-taking can’t entirely come as a surprise. Once traders learned on Wednesday the Federal Reserve wouldn’t be imposing a rate-hike this month, they celebrated in the form of a 1.7% advance that lasted all the way through Thursday’s close. Friday’s […]

No Comments Weekly Market Outlook – Two Month Range Continues

Despite a couple of scares, stocks ended last week intact, and even up just a bit thanks to Friday’s gain. On the other hand, last week’s action still left the S&P 500 (SPX) (SPY) along with the other indices overvalued and overbought. Whether or not that matters remains to be seen, though it’s interesting that the […]

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Weekly Market Outlook – Upside Breakout Amid VIX Lows

Against the odds, though with the bigger-picture tide, last Tuesday’s alarming intraday pullback ended up being just the regrouping the bulls needed to finally stage a breakthrough rally.  On the heels of a better-than-expected jobs report for July, the S&P 500 (SPX) (SPY) pushed up and off a key short-term moving average line to finally punch […]

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Gaps and Volatility: Will it Be a ‘V’ or a ‘W’?

Since the middle of June we have seen some remarkable market action. What started out with a rather shallow dip morphed into a near-catastrophic drop following the Brexit decision toward the end of the month, leaving many to wonder if they should have followed the ‘sell in May and go Away’ advice from the prior […]

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Weekly Market Outlook – Where Things Stand After Brexit

Through Thursday, not only was the market’s action palatable, it was downright bullish. Investors were increasingly confident the Brexit wouldn’t happen. Big mistake. When traders realized the “leave” crowd just edged out the “remain” crowd, it pulled the rug out from underneath the bullishness. When all was said and done, Friday’s 3.6% plunge from the […]

No Comments Weekly Market Outlook – Up 12% From Lows, Where To Now?

We just completed the fifth straight bullish week for the market.  The S&P 500 (SPX) (SPY) advanced 1.35% last week, clearing a couple of key resistance lines in the process. Yet, other resistance lines have yet to be hurdled, and could end up being problems that work against stocks now that the S&P 500 is up 12% from […]