Tuesday’s Trading – 11/24/09
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People have been talking about the “confusing” price action, but all the
market did was execute a rounding turn pattern. Or as I like to call it, a
“slow r...
Monday record continues….
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Well, Monday continues to be the best day for the market. Now, will Tuesday
continue its start for the rest of the week to give back Monday’s fun? On
the o...
Simple Tools in Simple Markets
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I’m paying more attention to the local Chinese stock market these days.
There are 130 million shareholders in this country but precious few of them
have go...
CAN YOU CALCULATE YOUR WILLINGNESS TO TRADE?
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Are you willing to make things simple or are you wanting to make trading as
complicated as you believe it ought to be?
Post from: The CrossHairs Trader
CA...
Monday Perspectives and Observations
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* Important post on making adjustments to changing market conditions;
* Disgust as an important element in the psychological change process;
* Which days a...
Getting Food Stupid for Thanksgiving
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Shares of Origin Agritech Ltd. (SEED: 10.45 +100.58%) exemplified the recent
run in ag names today: stupid. It’s all the same story: massive reallocation
o...
Monday Breadth –> Weak
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Buying was pretty weak today for a >1% up day. The pertinent question
however is, “was it Denver Broncos weak?” That’s not for me to decide, but
I’ll put...
The only hope for Bears: Good economic numbers
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Today, I saw this tweet:
“……the whole market rally is running on the back of free fed money and
tweaked numbers…..”
My simple response: SO WHAT!!!!!!!!...
Chart Chatter
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While so many are watching nothing but the Dow, the dollar and gold, Japan’s
Nikkei has quietly started to roll over again. Chart courtesy of
StockCharts...
11/23/2009 Market Recap: Morning Doji Star
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*Summary: *
Could be a new high ahead but after that there'll be a bigger pullback.
*TREND* *MOMENTUM* *EMOTION* *COMMENT* - Sample for using the tren...
Dow Jones Futures 11/24/09 Stock Market Futures
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How will the stock market open on Tuesday - November 24, 2009? The Dow Jones
and Stock Market Futures are pointing toward a lower open for pre market.
Chec...
DXY wolfe
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Are you sick of me posting Wolfe Waves yet? haha I can't help myself!
Here's a 60min chart of the U.S. Dollar Index (DXY) that seemed to have set
up a beari...
Bullish Longer-term Price Patterns
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In Friday’s chat I reviewed some of my favorite ‘big picture’ indicators,
most of which are bullish on the market. One point I didn’t get to is that
price ...
Melt Up Monday Rub Down…by Michael
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Mole is away, but Monday remains the same. Just another melt-up Monday…
Anyone happy with today’s action, go ahead and raise your hand. I know there
are so...
Setting The Trap
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With all the talk about the weakness in the dollar today, one sure would
have thought it was pushing through to new lows. Instead, $75 holds firm...
I stil...
End-of-Day Elliott Analysis (by Mortie)
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Hitting my projection twice is a good way to look at today's action. ES hit my projection on the way up, AND on the way down. IMO, today's market action was ...
Third quarter system review
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This post is to update the real time out of sample, trade setups that have
been posted on this blog during the 3rd quarter 2009. This blog has been
around ...
Shopping in Retail
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Like many of you, I've got family and other strangers shuffling in and out
of my house this week, so forgive my tone in advance. Trading from home has
it...
Marvelous Mondays
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There's nothing like a ferocious gap to start off Turkey week: Within the
first 30 minutes, we basically priced in a full week's worth of gains and
spent t...
Perfect Luxury Ice Cubes
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The ice in your freezer is ludicrous. It’s contaminated, it’s misshapen, and
it’s ruining your drinks. You might not even realize it, but it’s true. If
you...
The World According to Americans
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This got big laughs in Berlin (despite the description of Europe) > Hat tip
Prieur! > Not to be confused with Saul Steinberg’s New Yorker cover (March
29,...
Why Agriculture ETF Outlook Appears Promising
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As the world’s markets and exchange traded funds (ETFs) recover from the
beating they took in the market meltdown, attention is turning toward what
could w...
Monday Notes - Rejuvenating
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On the heels of the just completed 16-week Jellie marathon, as well as two
years of essentially non-stop trading, I'll be spending portions of this
week re...
Hot stocks for Tuesday - Curis, THQ and DryShips
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( click to enlarge )
CRIS Breakout again !!!! Really Cool !!!!!! Curis shares closed the day
gaining more than 19% to a new 52-week high. CRIS has been on ...
Thawing Turkey and Sea Lion Randomosity
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- It's Monday. It's Thanksgiving week. One of my favorite weeks of the
year! It seems as if the market also is pricing in a nice turkey dinner wi...
Update on US Appliance TV Order
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I posted a few days ago about my experience purchasing a TV (the LG 47LH90)
through the website http://www.us-appliance.com. At the time, I was very
disa...
Find Trading Opportunities With Fibonacci
-
I do not intend to write a post to pitch EWI. But these guys are doing some
great works in helping traders to learn and trade the markets. And a lot of
the...
Stocks Rally But Lack Of Confirmation Continues
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Well, we can now add the NASDAQ to the growing list of markets not making new highs with the Dow and S&P. Today stocks gapped open higher with the dow once a...
Campbell Soup (CPB): Market Leader?
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The stock in the Russell 1,000 currently on the longest winning streak is
Campbell Soup (CPB). Campbell Soup (CPB) has gone up 14 trading days in a
row, wh...
Trades 23/Nov/2009
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*SLW* (gap up)
Gap up then hitting price action weakening (upper tails on 2nd and 3rd
bars). The 3rd is red inverted hammer closing weal. Coupled with mark...
Ready to short Gold ?
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Yes, focusing on a simple fact ; Gold could/may be way way overbought ....
This parabolic rise will NOT hold ..... it will snap .....
No, Gold will NOT rise ...
Twelve Recent Dividend Increasers
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Twelve companies last week raised distributions. While this is positive news
in comparison to the avalanche of dividend cuts that were occurring just a
f...
Chart Junkie: Market Internal Divergences
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What clues can market breadth offer about the market's moves?
Post from: Wall St. Cheat Sheet
Chart Junkie: Market Internal Divergences
Trapped in a Mindset
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It's not wrong to form opinions. In fact, I think it's great practice to
guess what the market is about to do. If anything else, it gives you
something to ...
For a Friend
-
Both are 30 min.... just saved one as 60 min...
Not on any of these charts or previous ones but I added a TL, it most likely
wont come into effect tomorrow...
NEM, possible target price is $55-57
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I calculated NEM reaching $54 based on $1100 gold, back when nobody was
saying Gold is going to $1100, except Gary at common sense. Now that Gold is
$1150 ...
Using Trend Lines to exit out of Positions
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If you placed a short before the 2008 stock market crash using this time
frame, and you used this trend line for an exit position gains should have
bee...
1 minute Chart Inside Bar Breakout - WLP
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One minute Chart
*(Double Click Picture for a Larger View)*
**
**
**
*.*
*Stock*:WLP
*Entry Bar: 3
Time Frame: one minute chart*
*Entry Green Line*: 54.00
...
A Different Look at Recent Breadth Divergences
-
Instead of looking at absolute breadth (advancers minus decliners) data,
let's smooth out that data with moving averages and take a look at the
'bigger pic...
NYT: Wave of Debt Payments Facing US Government
-
Sometimes I feel like grandma warning to look both ways before crossing the
street, and to tie your shoes or you may trip as we talk incessentently
about t...
Trade: FSYS, BWLD
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New shorts: FSYS (49.50) , BWLD (41.05) Shorting today’s rally. To me,
these stocks are on sale from a bear’s perspective. I don’t know, I just
had to...
The Profit Magic of Recent Mondays
-
Over the weekend, I read an article at Phil’s Stock World written by Trader
Mark entitled, “What the Heck is Going on with Mondays Lately? Always Up!“
I ...
Heads Up On GDP
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Be certain to have stops in place today ahead of tomorrows GDP release at
8:30am EST as this sucker can dramatically move a market. GDP is the
all-inclusi...
Readings: VCs, Salmon, Risk, Bubbles, etc.
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- Venture Funds Sweeten Terms to Attract Investors (WSJ)
- Anything but 0.01% (Gross/PIMCO)
- Many casualties in aftermath of bursting bubble...
The Coffee Wars, Begun They Have
-
This is pretty cool. There’s an old-fashioned bidding war going on in, of
all things...the coffee sector!
First, *Peet’s Coffee & Tea* (PEET) offered to ...
Investment Banking
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Investment banking is one of the basic functions provided to corporations by
banking institutions. It includes financial analysis, mergers and
acquisitio...
Agriculture Stocks List
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This post is a long time coming and its been in my draft queue for months.
Mainly because I’ve been lazy. The Agricultural stocks comprise food
creation co...
Whither the Wirehouse?
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Charles Schwab just conducted a poll of 200 financial advisors, all at
full service firms (aka wirehouses). More than half had at least 10 years
under...
Narrow trading channel on SPY
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It looked like we were going to get a powerful trend day after the "gap and go" this morning. I stopped out of a trend day trade in the late morning hours a...
Monday links: Treasury teaser rates
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Are banks blind to the risks inherent in sovereign debt? (FT also Capital
Spectator) What exactly is a good Sharpe ratio for a commodity trading
advisor? ...
10-0 OMG, JASO Possible BTFO
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Being the die hard Saints fan that I am, nothing pleases me more than seeing
the front page of ESPN with coverage of the Saints. Back to the market, we
wer...
MORNING RIP
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Equities open strong on the heels of higher prices across the pond and a
dropping dollar.
SPX + 18- NAZ +37 and the DJIA +153;
Strongest sectors includ...
FINRA for Financial Television
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Last week, FINRA made some good progress in helping brokerage customers :
The Financial Industry Regulatory Authority, the brokerage industry’s
self-polici...
Buffalo Trader Bullish Reversal Report 11/23/2009
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These articles describe the statistical probabilities of long positions on these equities, based on neural net projections, for the next 5-15 trading days. T...
Channel Guy: Intraday analysis for 11/23/09
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9:09 am
Alot of these agg stocks are gapping up here pre-market we are going to
watch to see which ones hold up when the market pulls in and which ones
sh...
Power Dip Monday Edition
-
And the signals keep on coming… Here are Monday’s picks, ranked with our
aggressive method: Seagate Technology (STX: 15.84 +1.60%) (NETC: 14.20
+2.53%) Wes...
A Daily Breakdown Of Thanksgiving Week History
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Seasonal influences are often cited around the Thanksgiving holiday.
Therefore I decided I would examine returns during Thanksgiving week as well
as the Mo...
Exhaustive Analysis Of Gold Sentiment & Technicals
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I was going to talk about the sentiment surrounding gold in the weekly
sentiment overview but eventually the topic grew so much that it deserved
its own sp...
Capitalogix Commentary 11/22/09
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Obama's China Visit. President Obama asked for patience about the economy. Nonetheless, a Gallup poll showed his job approval rating had dropped to 49 percen...
Going to Turkey
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Indeud! ________________ I’ve got on meeting with yet another fast moving
tech company in the morning (innovation yet lives, even in these dire times)
and ...
Poor Market Breadth Makes This Rally Iffy
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Traders Narrative pointed out last week that as the market was making new
highs, the breadth was poor. This means that fewer and fewer stocks are
pushing t...
Momentum Trader Report: 11/22/09
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Last week started with a strong showing in the S&P 500, which broke strongly
past the 1100 mark and into 1110. But by Friday, those gains were gone. This
i...
Key Levels (S&P 500) for Monday 11/23/2009
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*E-Mini S&P 500*
As @Jediphone pointed out on StockTwits, 7 of the last 8 Monday's have been
bullish with an average gain of 1.28% (source: Phil's Stock Wor...
Fib Fan Projections; Selected Sector ETFs 11/22/09
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XLF: 50% LT downtrend retracement is acting as resistance. Price movement to
15 range breaks resistance. Price movement below 14.50 targets intermediate
a...
22Watch
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Two To Watch, get it? I was told not to quit day job.
Not exactly 2, but how about 2x3?
PCS Fib Chart
PCS Candle Chart
LEAP Fib Chart
LEAP Candle Cha...
Weekly Video 11/22/2009
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So here we go into another Thanksgiving shortened week. When I look through
my trusty Almanac, it seems that the last 5 Tuesday’s have been up, small
but u...
Watchlist for Monday 11/23
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Three good potential short setups for Monday.....
GGR has nearly doubled in a few days, mainly pushed up by momo traders.
TTIL is al...
Video Review of the Indexes 11-22-2009
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A push to new highs just happened once again, and the bulls remain in
control of the tape despite the weak finish which erased the gains from
earlier in th...
Thoughts....
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The Index Watch and the Weekend Review are complete and posted. I've posted
a ton of swing setups that should provide more than enough opportunities to
mak...
Net-Net Stocks Update
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I was looking at Boss Holdings BSHI.ob a couple different times over the
past year and a half or so. The stock continued to trade very thin and
decline. I ...
Trade Review: KIRK / 100% Win Percentage on Friday
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Friday was a good day. It was a 100% win percentage day, despite the fact
that I had a class from 10-10:50AM and that I had a flight at 6 something. I
trad...
Agriculture Stocks On the Move
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Agriculture stocks have under-performed a lot of other sectors. However,
they have been on the move for the past few days. We all know that MOS, POT
were ...
Repeat of 2007?
-
On Monday the S&P broke out to fresh highs, only to retreat and fall back
into the multi-month base we’ve been discussing. With key sectors underneath
look...
Stock Market Analysis: 11/21/2009
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We finished the week with an uneventful low volume doji Friday. The market
is indecisive at this point and although the recent action may be a topping
pr...
On Gold and Intrinsic Value
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One argument one hears about why you should not invest in gold is because it has no intrinsic value, i.e. gold cannot be valued based on future cash flows. A...
Outlook for interest rates
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Zero interest rates currently works as a relatively strong attraction for
investors who are borrowing cheap dollars and turning into purchases of
shares an...
The Week That Was: 11/16-20/2009
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The DOW was rejected by the upper trend line of the channel and ended the
week with a Spinning Top. This could be just a short term pullback and
then a m...
Quick Stock Review
-
Let's go over the two remaining stock picks I had, plus *VKNG*.
*SGEN* - While this one did not follow through after closing above the 20
day EMA, I stil...
5 Companies With Low Valuations And High Dividends
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Tickers in this Article: ERF, EVEP, FLY, NRF, WH
It's not common to find companies that trade below their breakup value
(i.e., less than book value) after ...
New MP3 link
-
Here is the 4th in a series of "How to prepare for the trading day". It's
free to listen or download.
http://www.badongo.com/audio/18509414
Today's Entry: STP
-
I entered STP today on weakness. The stock has shown strong strength in relation to the market, and shows a strong volulme pattern on the recent move up. M...
The last day before the beginning of THE END
-
A lot of new important developments, both technically and financially.
I think there will be a sudden awakening in financial markets in the next
week or so...
FURTHER CONSOLIDATION
-
My activities today will be limited as I make preparations to head back to
Los Angeles this weekend.
I expect further consolidation across the general mark...
Stock Market Update: Housing Woes Continues…
-
Bad news for housing sector continues as the market tries to find a footing
near the new highs. There hasn’t been much going on in the market lately to
mak...
Now time for the vacation 11/19/2009
-
I will be back posting in about 10 days. I will try to recap the missing big
mouth stocks and some thoughts from Key West.
Stock Chart Analysis FMX
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Stock Chart Analysis FMXFomento Economico Mexicano SAB (ADR) (Public, NYSE:FMX)I’ve been calling FMX the most interesting stock in the world, mostly as a ref...
Daily Log and Journal 11/18/09
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Why I am a Gold Bull Earlier this year in April, I projected that Gold would
surpass $1,000 per troy oz. and reach a target of $1,200 later this year or
by...
Stock Market charts
-
RUT finally slicing through 50 day Moving average. A close above 600 is
bullish for the overall market in general/ Small caps have been lagging in
this ra...
HWG - 500k Float and $10 EPS Run Rate
-
DIT was a stock I blogged and bought on April 22, 2009 at $32 Read Blog Post.
At the time I said the Company would do $10-$12 EPS this year. They reported
...
Gold Could Skyrocket
-
clipped from www.financialsense.com Let’s make this chart very clear. Of the
$5 trillion in gold ever mined… The U.S. government has thrown over twice as
m...
Decision Made
-
I don't need an extended cooling period to make the move...I'm going to stop
trading and watching the markets for likely at least six months or probably
at...
Didn’t get Maxis IPO Shares? Stop Sulking, Be Happy
-
Much has been written about how unfair it was in the Maxis relisting IPO
shares allocation. To recap the horror story, existing Maxis shareholders
(that’s ...
Divergence anyone?
-
Lots of divergence going on in the market, SPX is making new intra-day
highs(has not made a new closing high) while breadth indicators and
indicators that ...
Selfish generosity, or the value of n+1
-
Sometimes you can save by giving. Take the hot rolls at O’Charleys, or some
other fine dining establishment with a national footprint. The rolls are
compli...
Low Volume Melt Up
-
*FN:* On the way down there is volume. On the way up, there is less...
waaaay less (especially for this time of the year).
Can you say algos?
So what does...
Market up on another 500,000 jobs lost
-
*This is simply insanity here folks. According to Bloomberg - Initial
jobless claims are clearly on the decline, down 20,000 in the Oct. 31 week
to 512,000...
Trading on a FOMC Rate Decision Day
-
Wednesday at 2:15PM, EST, the Fed will announce if they will change interest
rates and give a brief statement about the overall economy and how it will
af...
MysteryHedgie on Managing Risk
-
VIX, the “price of risk”…why has it risen 53.6% (see below) since the 10/21
equity peak, when SPX has declined a mere 5.9%? We think it has less to do
with...
Trade prep: ’bout time edition
-
I will be brief, because most of what has happened in the “markets” over
these last two weeks is ununexpected, and if you’ve read this blog at all in
its f...
Moving to www.chartsandcoffee.com
-
[image: moving_truck_needed]
I’m thankful to blogger for the past 10 months of service it has provided.
I’ve been thinking about moving the site over to...
That's All Folks...
-
Loyal Reader of MooseJaw Jabber: Technical Trading,
Today is one of mixed emotions, as MJTT has finally grown enough to allow me
to branch off to bigger an...
Monday Watch List
-
Last Sunday, I posted a dozen or so stocks to watch. Most didn’t do much..
up a little, down a little. However, 4 were winners – MBRX shot up over
60%; ...
ADS Line Signal update
-
Note that this 1 Hour ADS line Buy signal has occured with the Daily ADS
line still below zero, so this may be just a short counter trend signal or a
just ...
Why Big Government Doesn't Work
-
In an economy dominated by the government, the ruling class fulfills its
ambitions by serving faithful constituencies at the expense of others. It
tries ...
Google Wave
-
Anyone of you fine readers happen to get an invite for Google Wave? I would
be forever in your debt should you send me an invite as well :)
Thanks!!!
How I improved my trading in 2009
-
Posted by Tom C.
2009 has been a good year for me, but it has been made better by a small
tweak I made a few months ago. Many of you may already do this, a...
100 Stock Tweets Since August
-
I figured I would recap my last 100 tweets to those of you that still check
into this blog but don’t follow me on twitter. Please, check me out on
twitter ...
Make or Break Point
-
Some fairly in depth market analysis if I do say so myself. ;-)
http://davianletter.com/blog/2009/9/25/make-or-break-point
Total Return for 2009: 143%
Finding New Intraday Highs/Lows
-
Here is tradestation code to find stocks that are making consistent HOD and
LOD. Use this in RadarScreen.
vars: highCount(0), lowCount(0), length(0), plotV...
My New Home
-
I’ve got some great news. I have been invited to join some super fantastic
Traders and Market experts at my favorite site, FINZ.TV Posse Trade Journal
Plea...
ABR
-
Here is a stock that came up on one of my new scans. I may buy this stock today, but only if it is able take out it's previous day's high.I've been posting ...
Living in Bizzaro World
-
I am floating out in the vast wide open sea.... clutching my wint-o-green
lifesaver holding on to my bearish outlook as my boat is merely floating
debris a...
GVBP
-
I gotta post this cause of so much talk about GVBP
Anyone in the chat knows I've said many times I am long this from .14
I've also said I AM NOT SELLING un...
A New Home For Dasan
-
A New Home For Dasan: http://www.davianletter.com/blog
I’ve been taking notes of my daily market observations while I was at
Merrill Lynch since 1993. I...
090809 ABX
-
ABX gapped up, but started to selloff after several days of strength. The
chart below depicts a simple analysis using higher highs/higher lows and
lower hi...
Gold bugs about to get Squashed
-
Anyone who follows me knows that since the beginning of the year, I have
been saying - "Sell your Gold, it's dead money". Even Dentists know better,
and do...
Fast month... $NVAX
-
So I've still been trading $AAPL, $GOOG in channels until we get our
'pullback/correction' which I've been very WRONG about for a while! Took
some pain th...
Finally
-
Finally we had a decent sell off in the markets today. I wanted to capture a
few shots of my trading platform and post the pictures. Will do my best to
pro...
TRADING WRAPUP 8/3/09
-
CALL OPTIONS
- UUP Sep 24 added to pos at 0.10, new basis 0.36
- SDS Sep 45 opened at basis 3.63
PUT OPTIONS
- X Oct 40 added to pos, new basis 5.24 (includ...
Wasn't MSFT Buying Into YHOO Search?
-
How quickly do things change - now you have YHOO buying into MSFT search
technology and some revenue sharing to give MSFT access to the YHOO network.
T...
Moving On
-
Dear Zero Hedge readers and blogger fans, it is time to move on...
...to our new home: www.zerohedge.com
For a little over 6 months blogger has served us w...
Where have I been?
-
I’m alive, I swear. So what the hell have I been up too? The first thing
has been that my day job has required 100% of my time. I work at a small
nanote...
Mixed signals on the finance front
-
Inflation fell in May to its lowest since the beginning of 2008, but
remained higher than most economists expected. The smaller than expected
fall in consu...
Going to Cash!
-
I am, because of personal preferences, going to cash in at this time. Since
I’m up 49% ytd, I have the luxury of “calling it good” and kicking back to
enjo...
Members only chat
-
EminiAddict.com now has a members only chat. It will temporarily be housed
at http://eminiaddict.net/ until all changes have taken effect. Emails have
been...
Consumer Electronics
-
I might be alone in this thinking, but I think it is a great time to open a
consumer electronics retailer.
- Commercial vacancies are huge and would l...
Change is Afoot
-
I had planned to take at least another week to do this, but I'm plunging
ahead anyway.
Slope of Hope is moving to a different blog platform. There are ma...
A Simple Money Management Idea for Stock Traders
-
I stumbled across the chart below while hanging out on stocktwits a few
months ago. It is a monthly chart of the S&P 500 with a 10 month EMA
(exponential m...
SEC Charges 8
-
Didn’t believe me in my FREE Penny Stock eBook when I talked about penny
stock manipulation? Here’s some pretty hardcore evidence of the penny stock
manipu...
Full Time
-
I'd put my overall trading today in the crap pile. But there were moments
when things were good and my skills showed some development. I made $20 in
my acc...
5/15 Day/swingtrades
-
*From this morning: Just a quick update...with the news on TARP money, I'm
adding the insurers to the watchlist today. There are quite a few strike
prices ...
The Path of Least Resistance
-
What I’m getting ready to discuss pertains primarily to trades that are held
for a period longer than 2 days. What directional bias should I have in any
gi...
May 8, 2009 Stock Market Recap
-
Last week was huge for the financial stocks with the BKX up 36% and XLF up
over 22%. That outperformance helped the S&P 500 to play catch up with the
Nasda...
The RO Report, "Last One" Edition
-
I've written this blog for over 2 years amidst the worst period in my
10-year trading career. It has been a difficult time for me personally but
writing ha...
