Maybe it's all the green on the screen so far... but already after looking through things a bit more, I a am less bleak than I was earlier. I had commented on Philip John's last post that after yesterday's sell-off, I was ready to sell into today's bounce to move to about 75% cash from 10% cash....
Read More →Two great posts to IG in the last few days have me back to make a counter-post to their great arguments. Call me the devil of IG if you want, but that's my job, right? I don't think you should sell off everything. I believe that a large correction is coming sooner than later (and is necessary)...
Read More →Just a quick note to say I think the market has had its major top. I am going to wait for a pullback tomorrow (Wednesday 25th July) and have an open order to go short SDS at $51. Hopefully this will get filled in the next day or two. My reasons for going short via SDS are two fold. Firstly, I am...
Read More →The consumer is tapped out. After consistent 25 basis point increases to the Federal Funds Rate, we are finally starting to see the effects on the stock market. Yesterday morning we saw three headlines that caught my attention. The first detailed Sears’ guidance for this quarter – a reduction from...
Read More →Many of you will have read about the advantages of Exchange Traded Funds over Mutual Funds. However, have you considered beyond the “ETF” moniker to ask: “What ETF index should I be looking for”? ETF Basics To start with, let’s quickly examine the basics of ETFs. These are generalities, but tend to...
Read More →Bill (CEO of WineLog) did a quick little post on Wine Investing over at the WineLog blog and introduced me to a site called WineInvestor.com. > A good site to learn about wine investing is wineinvestor.com. Wine Investor is collecting (in one place) all the types of information I would need to...
Read More →I'm writing this one directly into the blog, and with any hope it will go up before market open today. Let's what we have on dee plate. AMGN Notes from late last week: "Stoch sell. MACD still strong. I think this guy is recharging." I've since changed my theory from "recharging" to "dropping"....
Read More →Below are my notes from yesterday, which I wrote before the open. I realize that I should be a bit quicker about putting these online because (1) they are sometimes timely and people might find them useful and (2) if I make a great prediction it will be easier to believe if I posted my notes before...
Read More →I thought I would share my watch list notes again. Here's what I wrote out this morning before the market opened. It was a really tough day out there, so I'm going to have to re-evaluate a bunch tomorrow. Hopefully this is helpful to you guys. AMGN No sell signals. Test of 30DMA coming up. Let's...
Read More →I'm getting back into trading a bit. Here are my watchlist notes from yesterday. Be warned, I'm a total hack. Even I'm going to do more research before using this stuff. Comments appreciated. > AMD > - Buy now. Watch intraday for bounce. Supports at $15, $13.50, $10. Half now, half on dip? > > ERTS...
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