I just got back from the Las Vegas Traders Expo and it was a great conference. I was able to connect with many other traders, trading educators, and even a book publisher. I always learn something new from others in the workshops and I was able to pass on some of my experience to others too. There seemed to be a keen interest in my new spread trading services at InterSight Trading as well.

I highly recommend attending this conference if you can make it…the next one is in New York in February 2010.

Good Trading,
Darryl Van Dyke

The new trading signals services are online today ready to go at www.intersighttrading.com. Right now the trading services are for S&P 500 Index trading (ES futures contract) and spread trading. In the future we will be adding Forex. These services are priced at an introductory discount and those who subscribe now will be grandfathered at those prices.

I the coming months we will be offering video training modules as well…stay tuned.

Good trading,
Darryl

Although the SPY short trade immediately moved in my favor last week, yesterday I saw the DOW Dec. futures contract trade above 10,000, which showed renewed strength and I covered my position for a profit. This proved to be the right move since the market proceeded to move higher and would have put me in a loss had I kept the trade.

Good trading,
Darryl

Note: these statements and opinions are for informational and educational purposes only and do not constitute a solicitation to buy or sell any security. By viewing this blog you agree with our Disclaimer.

For some time I’ve been watching the S&P 500 for a turning point in the current up move.  One of the key reference areas I see as strong resistance is 109.68 in the SPY (the S&P 500 ETF)…this is because there was an unfilled gap left there from October 2008.  Yesterday that gap was filled, I went short, and the market quickly moved off that area.  Today we are down over 10 points in the futures contract.

I always say that the market moves in probabilities, not absolutes, so I see a greater probability of the market making a sustained move down than continuing up.  However, if we do break above yesterday’s high, I’ll take the trade off and either reverse my position or wait for another good short opportunity.

Good trading,
Darryl

Note: these statements and opinions are for informational and educational purposes only and do not constitute a solicitation to buy or sell any security.  By viewing this blog you agree with our Disclaimer.

Just wanted to add a quick post to let you know that we will be offering a spread trading signals subscription service for both swing trading as well as intraday trading!  Release date TBA, but should not be longer than the end of September 2009.

Below are the descriptions of what these services will offer (details may change slightly before final release):

SpreadSignals™ Features & Benefits:

SpreadSignals™Pro Features & Benefits:

ALL the SpreadSignals™ Features & Benefits!
Plus…

This is one of those deals that seems to be destined to close–probably in the fourth quarter.  It’s a deal that makes sense: Pfizer is a large acquirer and there has never been competition for Wyeth since the deal was announced; Pfizer needs to expand their drug pipeline soon and Wyeth meets that need;  they have a definitive agreement and few financing restrictions; and shareholders like the deal.

So why is the spread trading at a premium of 2.16?  I believe its because there is far less hedge fund risk arbitrage capital being put to work this year due to the wealth destruction in the last nine months.  PFE trades 54 million shares per day and WYE does 11 million…there’s simply not as much capital pushing these stocks closer together, so the spread tends to drift up with less effort.

I think this merger is low risk and still offers good yield for the long term hold provides acceptable rotations for short-term (intraday) trading opportunities.

Darryl Van Dyke

Hello. This is the first blog post in what I expect to be many in the future. I will be adding trading tips, commentary, musings…ideally, information that will make you a better and more informed trader. If you are not familiar with my firm, InterSight Trading is a trading education service for those wanting to either begin a career in trading, or to improve and refine your skills if you already a successful trader. A trader’s learning never stops and I’m here to help you get more consistently profitable.

There are already many online trading education services and blogs out there already. However, what makes me different from the vast majority of trading educators and so-called “experts,” is that I’ve been a full-time trader and have made my living from trading profits alone. In my last four trading years, my net percentage return on trading capital has been consistently in the mid triple digits (see www.intersighttrading.com for details). According to my knowledge and research, no one else posts claims anywhere near that (or at all!). Think about something: have you ever noticed that most online trading educators don’t show a track record? Since this is a results oriented business, the only reason I can assume why someone doesn’t show their year-over-year results is because, well, they don’t have any…or if they do, they must be very poor or inconsistent. Try asking one of the “gurus” at a free trading event sometime and you will get an awkward response or excuse.

OK, enough ranting. As you can see, this is a pet peeve of mine. In fact, the main reason I started InterSight Trading is because there’s a severe lack of successful traders teaching others how to trade. My goal is that you will “Trade Like An Expert by Learning From An Expert.”

Stay tuned to this Blog.

Best,
Darryl Van Dyke