Archive for the ‘ Uncategorized ’ Category

Coming Off Overbought Levels

The market is pulling back off very overbought levels today as expected.  The bulls need to hold the line above SPY 107 for the next week or so to get me interested on the long side.  If….if…..if that happens and we see a high volume move to the upside, I will add heavily to the [ READ MORE ]

Now We See What This Market Is Made Of

The market has run into some important resistance levels the past few days and after more disturbing economic reports this morning has rolled over pretty hard.  We are down to test the rising 5 day moving average, an important level.  This level also corresponds to a gap fill from the open on the 13th.  The [ READ MORE ]

Momentum Book Update

Rough market.  Staying small and extremely agile continues to be of utmost importance.  It’s been almost three full months since more than 25% of my capital was allocated on either side of this market.  In that time I’ve lost about 1% of absolute return.  For a market down more than 15% from the top, I’ll [ READ MORE ]

Building Shorts…Slowly

I continue to build short positions today, slowly, as this market continues to see an underlying bid and drift to the upside.  I believe the drift will end soon as the dollar is poised to rally.  Europe has rallied hard the past few weeks as the bank stress test news has gotten under way.  I [ READ MORE ]

Focus On Your Setups

A quick piece of advice, but one that is extremely important to my trading.  With all the real time information we have at our fingertips today it’s hard not to get caught up in the minute to minute action of the market as a swing trader.  Yes, we must use the shorter time frames to [ READ MORE ]

Falling Dollar, Falling Crude, Falling Gold, Falling Equities?

Correlations got crushed this morning, which I believe is why we saw the sell off in equities.  Gold is getting smacked back down below the 50 day moving average along with the US Dollar index.  Crude is getting eviscerated for more than 4% breaking down out of its big bear flag. The economic numbers this morning were [ READ MORE ]

End of Q2

It was a quarter to forget for most, unless you loaded the boat short at the top in April with bets against the agriculture names and BP you were probably just trying to sneak out of the quarter with a positive number in the absolute return column.  Many hedgies got their asses handed to them [ READ MORE ]

Economics Before Politics

I don’t write a lot about Israel here, it’s just too divisive an issue, and frankly, people are childish and have a hard time reading the words on the page instead of what they want to think they read.  Going further, people have a hard time finding that anyone coming from a religious, cultural, or just [ READ MORE ]

What The Pace Of Innovation Is Doing To Our Economy

I was about to leave the office this afternoon when I got into a conversation about how Hulu is coming after Netfilx now with their new $10 per month premium subscription service with an application for the iPhone and iPad.  I’ve wanted to write this post for a while and have just never gotten around [ READ MORE ]

Cash Now

My little buying experiment didn’t work obviously and I sold out of everything but CPLA this morning at small losses. The positions were very small, some not even 1/3 normal size. All in all, here’s how the last 15 days have gone for me after getting out at the top and picking up some coin [ READ MORE ]

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