Posts Tagged ‘ SPY ’
I can feel the tide turning, I don’t like it because it forces me to shift gears and puts my strategy in no man’s land until a new trend emerges. But to ignore the facts would be criminal to my P&L, which has taken a hit as this trend has ended. I still see opportunity [ READ MORE ]
I’m no fixed income expert, let’s just get that clear off the bat. But I’m no fool either, I’ve studied and learned from the best in the game and if I know anything I know that the boys on the credit desks have higher IQs than the hustlers on the equity floor. It’s funny, at [ READ MORE ]
Check out the flow of charts on Chart.ly tonight. Chart,ly is an excellent tool, if you know how to use it. Taking a tip on a chart from someone without doing your homework first is just as bad as taking the word of that guy in your office who’s broker says to buy XYZ because [ READ MORE ]
A quick update on what I’m seeing this morning. The issues which have lagged in the last run up are not capitulating, they are holding major support levels here. What we still have is selling in the stuff which had run up during the last push. Materials are getting slaughtered here as they were the [ READ MORE ]
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 ]
It was cold here in New York today, not just fall cold, but nasty almost winter cold. This happens to be my favorite time of year here, the air is dry, the leaves change colors, and you no longer bake in the subway. The uncomfortable feeling didn’t end when I walked into the office this morning [ READ MORE ]