Archive for the ‘ Uncategorized ’ Category

Grab Your Cojones and Buy Materials

Let’s begin tonight with a little chart review.  A few weeks back I posted a weekly look at the $XLB which was coming into long term resistance at the $35 level.  I said at the time that I though we were due for a rejection from that level, and that it would take a few [ READ MORE ]

Will Bearish Patterns Resolve Bullish Again?

The weekly charts look solid to the long side as I remarked in my weekend note.  But I’m seeing bearish patterns all over the place now on the dailies.  Some great trends in retail are busted, namely $URBN $TUP and $JCG, they are all rolling over and look awful.  Materials look ugly as I’m having [ READ MORE ]

The Market Hates Not Knowing the Rules

So Scott Brown (R) has won the Massachusetts senate seat vacated by the late Ted Kennedy.   I have not made my views of this particular election known for a reason, mostly because I’d like to be able to talk about its effect on the market from a neutral position.  You all must know by now that [ READ MORE ]

Position Sizing is Everything

Trading, like most things in life, is part science and part art form.  You must be willing to accept that there are certain strategies which work, and those which do not.  You must also learn the art of trading, develop the intuition required to read the market, and the experience on which to anchor your [ READ MORE ]

Weekend Reading – Higher We Go

…meanwhile, I’m not surprised our boys at NASA are snorting coke in the hanger bay, hell, if my employer just kept me around for the illusion of looking useful I’d want something more fun to do as well.  You know, I don’t mind the money that we are wasting at NASA doing absolutely nothing as [ READ MORE ]

Momentum Book Update

An interesting week it was indeed.  We came in on Monday to see the market ripping, it was frothy, and everyone knew it.  Problem was that few were willing to sell into the strength, myself included, for fear of missing out on a melt up move.  I hung on, took some pain, and added a [ READ MORE ]

Turn Those Machines Back On!

Get those brokers back in here! I do trade commodities, but I’m sure as hell not an expert when it comes to the fundamental aspects of certain commodities markets.  Take for instance, the grains.  Would someone please explain to me WTF is going on, and why we just saw a massive dump over the past [ READ MORE ]

Bull Trap

Before the close today I made sure to get something across, through the twitter stream.  The last 30 minutes today was a big bull trap, there’s more pain yet to be felt.  Many issues are not yet at support, or haven’t come down onto the 50 day moving average where they should be bought.  I [ READ MORE ]

Frying In A Hot Vat of Tech

It was very obvious yesterday morning that we were overbought, the sentiment was too bullish, and some pain needed to be felt.  I said as much on Sunday night, I told you all that I didn’t like the fact that I was skipping over lower beta names out of fear of a melt up.  EVERY [ READ MORE ]

Late Night Thoughts

I must apologize for not posting my weekend reading two weeks in a row now.  I’ve been super busy with a host of other activities.  I’m preparing to open Surfview Capital to outside accounts beyond friends and family, it’s a laborious process.  I’ve got a host of things to discuss tonight, so please allow me to rant [ READ MORE ]

StockTwits Desktop