Archive for April, 2010

  • More Distribution
    Posted by on April 30th, 2010 at 1:03 pm, Comments: 0

  • The Trend Lives
    Posted by on April 29th, 2010 at 10:23 pm, Comments: 0

    A random assortment of stuff tonight, I’ll post a video tomorrow morning on new setups I’m seeing. Let’s just take a quick look at how I judge trend from a systems trading perspective.  For anyone who isn’t familiar, I use the 20 and 55 day donchian channels to determine trend. As you can see, we […]

  • That’s Not Wrong, That’s Awesome!
    Posted by on April 28th, 2010 at 10:17 pm, Comments: 0

  • Surveying The Situation
    Posted by on April 28th, 2010 at 11:37 am, Comments: 0

    I’m 55% cash as of this post with everything but my position in True Religion $TRLG being in either materials or energy.  The market has a foul smell to it, it’s not acting right.  After tested the 20 day moving average on the $SPX twice we dropped below it on large volume yesterday.  Today we […]

  • In War, Always Leave The Enemy One Exit
    Posted by on April 26th, 2010 at 1:27 pm, Comments: 0

    I want to get off a quick note this afternoon regarding the domestic telecoms, primarily AT&T $T and Verizon $VZ.  First, a quick review of the charts: As you can see, both charts speak volumes as to both how poor these companies have executed on a fundamental basis and just how ostracized they have been […]

  • Rangers’ Captain 53% Approval Rating
    Posted by on April 26th, 2010 at 12:03 pm, Comments: 0

    In a New York Daily News poll that asked viewers to either “keep or dump him”, Chris Drury the Rangers’ captain got a 53% approval rating from fans.  Frankly, I think Dru should take a major pay cut from his 6+ million dollar a year bloated and undeserved salary, and take the first 60 games […]

  • Third Time The Charm?
    Posted by on April 26th, 2010 at 9:03 am, Comments: 0

  • A Story Only Hollywood Could Write
    Posted by on April 25th, 2010 at 11:25 pm, Comments: 0

    We’ve seen this story before, the movie is called Major League.  A downtrodden sports team with no talent and terrible ownership which is trying to sell or move the team.  But in the case of the Phoenix Coyotes, not only did the ownership treat the players poorly, put together a bad team, and want to move the […]

  • Momentum Book Update
    Posted by on April 25th, 2010 at 10:44 am, Comments: 0

    I’m gonna keep this pretty short and just hit the major points.  I sold a lot of stock on Monday bringing my cash levels to over 60%.  This run has been quite amazing and large momentum moves often end with a bang.  Fundamental news often matches up with technicals at tops and bottoms, both intermediate […]

  • My Social Graph Is Now Self Aware
    Posted by on April 24th, 2010 at 12:24 am, Comments: 0

    This week Facebook announced their plans for interweb domination.  It sounds like a joke doesn’t it, the scary part, it’s not. Their tentacles are spreading to every corner of the internet via share buttons, everything is becoming social.  Just a few examples, I can now see what everyone I know listens to on Pandora, what my […]