Archive for October, 2009

Straight Lines

Today was all about moving in straight lines.  I won’t opine on what that means for the market, just pointing out facts.  Crude oil $CL_F moved straight up between 8AM and 2PM.  When I mean straight I mean straight.  Traders are chasing crude now, the guys in the pits are having a ball, and stubborn fundamental [ READ MORE ]

From Failed Moves….Come Fast Moves

There are old traders, and bold traders, but no old bold traders.  That saying really doesn’t have anything to do with this post, but it’s true, and I like to recant it once in a while, sorry. If you pay attention, the market teaches you lessons, just through osmosis.  You don’t learn to be a [ READ MORE ]

Go Slow

Tough day yesterday, no other way about it.  We have entered another period of consolidation above the September highs.  The $SPY needs to hold 108, dropping below there would get me thinking in a more neutral state.  I took off the $STEC short Monday, and sold out of my $AU long yesterday, just trying to [ READ MORE ]

Mish Mash Monday

I’m going rapid fire tonight due to the sheer volume of stuff on my mind, try and keep up please. Apple blew the numbers out of the park again, what’s new.  Look, the iPhone is the be all end all of mobile right now, it just is.  Does it have every single feature that you [ READ MORE ]

Balloon Boy Punks the Media

I love the balloon boy.  Well, not so much the balloon boy himself but his family.  Why you ask would I give dap to these people who wasted a few hours of my life Friday afternoon?  It’s simple, because they made the round the clock television news networks look like complete assholes.  They played these [ READ MORE ]

Late Night Humor

You know what, all of you people should stop whining about Goldman Sachs and how much money they make or how evil they are. Goldman represents everything that other businesses should be, they are ruthless, cunning, calculating, and disciplined, not to mention they are the smartest sons of bitches on the fucking planet. While the [ READ MORE ]

The Week In Charts!

The Week In Charts![ READ MORE ]

Weekend Reading

Get ready for another round of the oil shock game, it’s coming and there is nothing you can do to stop it.  We will play this game a few more times over the next 20 years or until our politicians realize that they need to allocate capital to solving the energy issue.  Every time we [ READ MORE ]

Utilizing the 100 Week Moving Average

The 100 week moving average in an important long term trend indicator and if used correctly, can both get you in on the long side, and get you out before your profits go up in flames.  No moving average system is perfect, and you need not strictly adhere to any codified set of system rules [ READ MORE ]

Cheerleaders

Not much you can say about the market right now, just be long and strong, move your stops up and don’t be a cheerleader.  When I first started in this business I was chewed out by my boss on the second day of work for cheering a stock we owned which was having a big [ READ MORE ]

StockTwits Desktop