Success in Trading By this time in your trading career you should already have some success. You may have only paper traded or have ventured into live trading. The point I am trying to make is, that whichever stage you are in with your trading, you probably already have had success. I remember many years ago when I first started trading. I got into a paper trade on APPLE computers and realized a gain of $400 dollars in just a few days. Yes it was a paper trade, but I still […]
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COMMODITIES WILT WITH DOLLAR REBOUND…
March 21, 2008 in General Information, Technical Analysis
WOW…What a week!!! Let’s see if I can recap this past week by posting a few headlines. Monday…up 50 points Tuesday…up 416 points. HOMEBUILDERS, RETAILERS, AND TRANSPORTS CONTINUE TO SHOW NEW MARKET LEADERSHIP — BANK BOUNCE ALSO HINTS THAT FINANCIAL SELLOFF IS OVERDONE — A LOT OF SHORT-TERM POSITIVE DIVERGENCES ARE SHOWING UP, SUGGESTING A POSSIBLE MARKET BOTTOM Wednesday…down 280 points ENERGY AND MATERIALS SECTORS LEAD THE WAY LOWER – COMMODITIES TUMBLE AS DOLLAR REBOUNDS – THE DOW AND SHORT-TERM INTEREST RATES – NEW LOWS STILL OUTPACING NEW HIGHS Thursday…up […]
OPEC???
March 5, 2008 in General Information
March S&P’s this morning are trading +6.90 points on improved bond insurer news and some short-covering. The US stock market yesterday traded lower most of the day until a late day pop left the indexes finishing mixed (Dow -0.37%, S&P 500 -0.34%, NASDAQ Composite +0.07%). Bullish factors for stock prices yesterday included (1) the 7.9% rally in Ambac after CNBC reported the bailout plan for the world’s 2nd biggest bond insurer is progressing, (2) the 8.3% gain in Barr Pharmaceutical after a US judge invalidated a patent on Bayer AG’s […]
Is the VIX showing the Market’s Hand?
February 19, 2008 in General Information
“Some very interesting action lately with volatility (or lack thereof). One thing’s for certain…the increased market volatility has investors feeling might uncomfortable. Traders? Not really, it’s a dream environment. Last year, the VIX was sporting a near alltime low of 11….now we see the fear index comfortably in the mid 20’s….and has been there for quite some time (50 MA of the VIX has been over 20 since Aug 16, 1007). We’ve seen recent attempts by the bears to rip this market up…but lately, it hasn’t materialized. Why is this […]