Archive for April, 2010

More Distribution

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The Trend Lives

A random assortment of stuff tonight, I’ll post a video tomorrow morning on new setups I’m seeing. Let’s just take a quick look at how I judge trend from a systems trading perspective.  For anyone who isn’t familiar, I use the 20 and 55 day donchian channels to determine trend. As you can see, we [ READ MORE ]

That’s Not Wrong, That’s Awesome!

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Surveying The Situation

I’m 55% cash as of this post with everything but my position in True Religion $TRLG being in either materials or energy.  The market has a foul smell to it, it’s not acting right.  After tested the 20 day moving average on the $SPX twice we dropped below it on large volume yesterday.  Today we [ READ MORE ]

In War, Always Leave The Enemy One Exit

I want to get off a quick note this afternoon regarding the domestic telecoms, primarily AT&T $T and Verizon $VZ.  First, a quick review of the charts: As you can see, both charts speak volumes as to both how poor these companies have executed on a fundamental basis and just how ostracized they have been [ READ MORE ]

Rangers’ Captain 53% Approval Rating

In a New York Daily News poll that asked viewers to either “keep or dump him”, Chris Drury the Rangers’ captain got a 53% approval rating from fans.  Frankly, I think Dru should take a major pay cut from his 6+ million dollar a year bloated and undeserved salary, and take the first 60 games [ READ MORE ]

Third Time The Charm?

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A Story Only Hollywood Could Write

We’ve seen this story before, the movie is called Major League.  A downtrodden sports team with no talent and terrible ownership which is trying to sell or move the team.  But in the case of the Phoenix Coyotes, not only did the ownership treat the players poorly, put together a bad team, and want to move the [ READ MORE ]

Momentum Book Update

I’m gonna keep this pretty short and just hit the major points.  I sold a lot of stock on Monday bringing my cash levels to over 60%.  This run has been quite amazing and large momentum moves often end with a bang.  Fundamental news often matches up with technicals at tops and bottoms, both intermediate [ READ MORE ]

My Social Graph Is Now Self Aware

This week Facebook announced their plans for interweb domination.  It sounds like a joke doesn’t it, the scary part, it’s not. Their tentacles are spreading to every corner of the internet via share buttons, everything is becoming social.  Just a few examples, I can now see what everyone I know listens to on Pandora, what my [ READ MORE ]

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