Archive for September, 2009

Late Night Humor

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Steel is a Dead Industry, Who Cares: Postmarket Update 9/9/09

I’ve been trying to think of a good analogy for how the market has been acting all day and I can’t come up with one. I think the best way to describe it is frustrating. We aren’t getting any follow through on either side, the bulls are making money by buying dips and selling rips, [ READ MORE ]

Solar Flare: Postmarket Update 9/8/09

I did my own back testing on @fundmyfund’s 29 minute a day hedge fund and guess what, i came out with very similar results.  Today i put the strategy into action, I bought 200 shares of SPY at 3:30 and sold at 3:59.  Today’s trade was a push if you’re wondering.  I’m going to play [ READ MORE ]

Premarket Take 9/8/09

I hope everyone got some good rest this weekend because we are starting the fall trading season fast and furious this morning with the dollar getting crushed.  The macro conveyor belt is back in motion and the correlations which seemed to be coming undone have fused back together. Let’s start with the US dollar.  The [ READ MORE ]

Weekend Reading 9/4/09

The summer is winding down here as Labor Day approaches and everyone gets ready for a Friday night of traffic on the L.I.E.  The news cycle has slowed down, along with the market, giving us a bit of time to pause and assess the situation.  Whether in politics, the market, or your own life, taking [ READ MORE ]

The 29 Minute Hedge Fund: Postmarket Update 9/3/09

@fundmyfund made two great comments this afternoon, one that almost sent me to the floor laughing, while eating a sandwich.  The first said, “I’m opening a hedge fund that will be open 29 minutes a day, buy at 3:30 sell at 3:59. I’ve backtested past 6 mo, 81.792% success rate. Not as good as Goldman [ READ MORE ]

Premarket Take 9/3/09

The dollar saw some weakness last night as equities and oil bounced in line with the Asian markets.  This morning though we are starting to see the dollar catch bids and with that equities and oil have pulled back from their overnight highs now both up only .5%. Gold surged to 987 on the dollar [ READ MORE ]

Correlations Breaking Down

Before Wednesday we had started to see certain correlations in the market breaking down.  It wasn’t overtly obvious at first, a few hours here, a few percent there, but the idea was planted.  Things didn’t feel right a certain times, the dollar was moving up, but so were commodities, the market was moving up, but [ READ MORE ]

Late Night Humor

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Kick in the Nuts: Postmarket Update 9/1/09

For only the second time in SEVEN WEEKS the dip buyers got kicked in the nuts today.  Bulls couldn’t hold the declining 5 day moving average in the SPY and we rolled over hard after topping out at 10:10 this morning.  A lot of interesting stuff happened today, so we’ll take it one at a [ READ MORE ]

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