Archive for October, 2010

  • Momentum Book Update: Into The Wild
    Posted by on October 31st, 2010 at 10:44 pm, Comments: 0

    Oh it’s going to be a wild week.  Josh Brown walks us through all of the festivities on tap Monday through Friday here.  My two cents, get smaller and know exactly what you are willing to risk.  That means taking a hard look at stops on your current positions and doing all the math, ALL [...]

  • This Is What A Blow Off Top Looks Like
    Posted by on October 28th, 2010 at 7:20 am, Comments: 0

    Update: @TheArmoTrader (a great momentum trader to follow on StockTwits) was generous enough with his time this weekend to do me a huge favor.  He used the playback feature in Think Or Swim to replay the move in $GGAL.  Below you will find a few videos that show exactly what happened to the stock Wednesday [...]

  • Plant, Harvest, Rotate
    Posted by on October 26th, 2010 at 10:31 am, Comments: 0

    So after taking a mental break from the market this weekend and just trying not to be too smart, here’s how I’m playing it.  A few of my holdings which had great runs over the past few months have dipped below their 20 day moving averages and I have sold out of them.  Early last [...]

  • Chart.ly TV 10/25/10
    Posted by on October 26th, 2010 at 7:02 am, Comments: 0

    Last night on Chart.ly TV I sad down with Steven Place @stevenplace, John Lee @weeklyta and Frank @zortrades to discuss how they are positioned in this upchurning market.  It’s been a tough slog of it the past few weeks as many swing traders have been reticent to enter new positions with the market having run [...]

  • Momentum Book Update: Try Not To Be Too Smart
    Posted by on October 23rd, 2010 at 6:18 pm, Comments: 0

    It was a volatile week for me, and to honest a bit taxing mentally.  We came into the week with a large amount of long exposure and a full book of positions.  Where as over the past few weeks those positions had been running strong on flat to slightly down days, it was a different [...]

  • Still Not Enough Good Setups
    Posted by on October 22nd, 2010 at 11:12 am, Comments: 0

    The market is doing what it loves to do, move higher without traders.  Earlier this week I pointed out that good risk/reward setups had pretty much disappeared from the market, which usually means that within a few days we are set for a pullback of some sort.  Stocks don’t go straight up forever, they need to [...]

  • Don’t Let Your Beliefs Infect Your Tape Reading
    Posted by on October 21st, 2010 at 2:18 pm, Comments: 0

    I’m starting to get sick of this talk about QE2, and it’s coming from people I read every day, people I respect.  I think it’s sad, that they allow their tape reading to be infected by their beliefs in what is right and wrong regarding economic policy.  Look this isn’t anything new, and it crosses [...]

  • Infinera Shatters Optical Land
    Posted by on October 20th, 2010 at 11:16 am, Comments: 0

    On Monday evening Infinera Corporation $INFN crushed the optical space after crushing their earnings estimates but giving guidance that was extremely weak.  Before we get into the whole optical story, let’s just review that earnings report in a little more detail. Infinera reported Q3 EPS of 0.18, double the 0.09 analyst consensus estimates.  Revenues rose 56% [...]

  • Market Needs To Chill For A While
    Posted by on October 19th, 2010 at 10:41 pm, Comments: 0

    It’s time for the market to chill here for a while, yes that’s a technical term.  Ok, it’s not a technical term, but it sums up pretty well what I’m seeing right now.  Watch the videos for specific examples of what I’m referring to as chill, which is rather vague

  • The Problem With Government Is…
    Posted by on October 19th, 2010 at 5:01 pm, Comments: 0

    That line has to be the beginning of so many cocktail party screaming matches, hahaha.  Anyway, get ready for a full on rant.  In no way should this be regarded as political science research of any kind, and I have no facts to back any of this up, it’s all anecdotal. It’s become obvious to me [...]