Archive for February, 2010

  • Using Blogs / StockTwits in Your Trading
    Posted by on February 28th, 2010 at 2:24 pm, Comments: 0

    I see a good deal of both confusion and skepticism out there regarding trading blogs and platforms such as StockTwits.  These are relatively new mediums, and should be treated as such, I don’t believe both the contributors and the readers quite understand the value and the distraction that these new tools represent. StockTwits, a micro [...]

  • Making a Call On the US Dollar
    Posted by on February 28th, 2010 at 11:28 am, Comments: 0

    This week I began to explore the idea that the US Dollar $USDX may be topping out on a short term basis.  After surging to new highs last Friday, the dollar gave it all back and proceeded to chop around this past week.  Remember, we are still trading above rising 20, 50, and 200 day [...]

  • Momentum Book Update
    Posted by on February 27th, 2010 at 10:23 am, Comments: 0

    This was consolidation week in the market, holding gains was priority number one.  We came in overbought and exited on a strong note after a week of opening gaps that all got filled.  By Friday afternoon I upped my exposure to over 90% as I believe a powerful rally is brewing.  I continue to pick [...]

  • This Market Won’t Quit
    Posted by on February 25th, 2010 at 11:05 pm, Comments: 0

    It better be abundantly obvious to you by now that this market isn’t going quietly into the night, in fact, the falling wedge pattern on the indices right now looks like it may produce a powerful move to the upside.  This afternoon’s rally signifies that traders still want a piece of the momentum in many [...]

  • Get Ready to Load the Boat
    Posted by on February 23rd, 2010 at 7:06 pm, Comments: 0

    The market took a break today as expected, materials names were weak as the dollar moved up the better part of the day.  Goldman Sachs $GS continues to be the most important stock I’m watching, it tested that major 160 level this morning and was summarily rejected.  Buy some puts on Goldman as a hedge [...]

  • Wait For Consolidation
    Posted by on February 23rd, 2010 at 9:27 am, Comments: 0

    Get out your pens and pencils because I’m moving quickly this morning through a bunch of names.  The market is still overbought short term and needs time to rest.  Crude also needs to pull back, those stochastics are reading above 99.  I think materials take show some relative weakness over the next few days and [...]

  • Weekend Reading – Want a Job? Get an Edumacation!
    Posted by on February 21st, 2010 at 11:38 pm, Comments: 0

    No weekend reading post last week, so I’m doing a little catch up on cleaning out the great links folder on my bookmarks bar.  This post isn’t meant to be time sensitive, to a certain degree, as many of the weekday posts are.  So instead of calling this week’s links stale, I’m going with the [...]

  • Get Your Popcorn Ready
    Posted by on February 21st, 2010 at 1:10 pm, Comments: 0

    I don’t know about you, but I’m stoked to see this.

  • Momentum Book Update
    Posted by on February 20th, 2010 at 4:54 pm, Comments: 0

    The market is one again trading above rising 20 and 50 day moving averages, a huge feat.  I had expected serious resistance up around the 20 day moving average which we blew through in short order.  Consolidation of this move is still warranted as we are in overbought territory short term.  The $SPY stochastics are reading [...]

  • Volatility Makes an Appearance
    Posted by on February 18th, 2010 at 11:25 pm, Comments: 0

    The fed raising the discount rate provided for some interesting volatility after hours and sent the US Dollar flying.  I’m expecting the market to pull back a bit between now and Monday afternoon.  We are overbought short term and need to see some constructive consolidation.  I’ll be watching the banks closely tomorrow.