Active Trader: Welcome

By: Active Trader StaffCrude oil sets a new milestone in early trading on Friday.

This Month’s Issue

Editor's note Don't step in the bull trying to figure out the bear.
Analyzing the bear By David Bukey Measuring how the S&P 500 has responded to 20-percent drops in the past offers clues about what could be in store for the market.
Butterflies and condors: Option strategies for directionless markets By Anthony J. Saliba with Joseph C. Corona and Karen E. Johnson NOTE: This article has been adapted from the book Options Strategies for Directionless Markets: Trading with Butterflies, Iron Butterflies and Condors (Bloomberg Press, 2008).
Energy stock movers and shakers By Howard L. Simons Oil’s rallying, so buy oil stocks? Traders may have been lucky in the past, but luck doesn’t always last.
Trading System Lab: Fixed-ratio money management By Volker Knapp Ryan Jones described the fixed-ratio money management approach in his book The Trading Game (1999, John Wiley & Sons). Its key parameter, delta, is the dollar amount of realized profit required to increase position size — the number of futures contracts (or shares of stock) per trade — by a certain amount.
CME offers $9.4 billion for NYMEX, hits campaign trail By Jim Kharouf The CME Group could gain control of even more of the U.S. futures market if its proposed purchase of the New York Mercantile Exchange is approved.

New & Noted

-New article collection -- "The currency majors" -- available now through the Active Trader store
-Trade balance, wholesale inventories headline slow week of economic numbers.
-Look under "Market Check" for latest closing prices.
-Test trading strategies online.
-Check for daily market updates and wrap-ups.

Coming Next Month

• Understanding short-term trends in the stock market.
• Trading VIX options.
• Momentum trading in the E-Mini stock index futures.
• Money management: Adjusting position size for volatility.
• Testing a Wyckoff Spring setup.

... and much more

The magazine for active traders and investors

Active Trader is available at Barnes & Noble, Borders, and Books-A-Million bookstores, and other select newsstands.

Thu, May 8, 2008

S&P 500	1397.64	+5.07	+0.36%
Dow Indu	12866.78	+52.43	+0.41%
Nasdaq Comp	2451.24	+12.75	+0.52%
Russell 2000	719.50	+3.29	+0.46%
NYSE Comp	9388.54	+49.07	+0.53%
CRB Index	422.08	+1.90	+0.45%
10-Year T-Note	3.867%	-0.026%	05/07/08
VIX	19.40	-0.33	-0.33
Crude Oil	124.28		+0.43

Week of May 18

May 19	10:00	Leading Indicators
May 19	10:00	Leading Indicators
May 20	08:30	Core PPI
May 20	08:30	PPI
May 21	10:30	Crude Inventories
May 21	14:00	FOMC Minutes
May 22	08:30	Initial Claims
May 23	10:00	Existing Home Sales
More Release Dates

30th Annual Law & Compliance Division For more information: Call (202) 466-5460 Date: May 7

Capital Markets BootCamp For more information: www.fmwonline.com
Date: May 12

The Options Intensive Two-day Seminars (see more dates below) For more information: Call (877) THE-CBOE Date: May 22

See More Upcoming Industry Events