Clik here to view.
Help Me Name A New Setup
I've been slacking this week with the posts. Just haven't found the time to sit down and write about the trades I have made so far this week. I do have all the screenshots taken though, so I'll post a...
View ArticleClik here to view.
2-min Chart Great Near Open
I start the day off with 1-min charts, but about 10-min after the open I usually switch to 2-min charts. My two trades today were both HCPG picks, and were both on my Focus List.Descending trend line,...
View ArticleClik here to view.
Despite Debt Mania, the Basics Still Work
My posting over the last two weeks has been sparse since I have had a lot going on outside trading. As crazy as the markets have been this week with Congress' inability to reach a debt deal, the basic...
View ArticleClik here to view.
5 Reasons I Hate August
It's the last day of July and tomorrow we will enter my least favorite month of the year. So here is the first of five posts inspired by my dislike of the month known as August.Reason No. II like...
View ArticleClik here to view.
5 Reasons I Hate August - Part Deux
Trading in August is brutal. Ok, to be fair, not the whole month, but the last 2 weeks are usually low volume and lackluster. In general, I have found it to be one of the dullest of the months for...
View ArticleClik here to view.
Index Investing Since I Graduated College
The other day, I was looking at some monthly index charts. This got me thinking about index investing since I graduated from college in May of 2000. Here is a monthly chart of what the S&P 500 has...
View ArticleClik here to view.
Friday SPY Short
Starting Wednesday and continuing through the rest of the week, my primary focus in the market was the SPY. I traded through the financial meltdown in 2008 (albeit not very well), and knew the next...
View ArticleClik here to view.
More Fun With SPY
I said in yesterday's post that my strategy since last Wednesday had been to just focus on the SPY for trades. I continued with this plan today and got another nice trade. Along with the key support...
View ArticleClik here to view.
When Bad Trades Go Good
We all know how a good trade can turn bad. Happens a lot when you first start trading. You buy a beautifully setup breakout just at the right time. Price rips at first. You don't sell any. "This one is...
View ArticleClik here to view.
Lions, Tigers, and BEAR FLAGS, Oh My!
I took Friday off from trading and I've got a busy weekend ahead, so did my chart homework early today. If you are a bull right now, it is based on hope and nothing else. I hate to say it, but price...
View ArticleClik here to view.
Pivot Points & SPY – A Marriage Made In Day Trader Heaven
The recent volatility in the market recently has wreaked havoc on the daily charts of individual stocks. Since most of my trading is done around daily spots, this has forced me to do more intra-day...
View ArticleClik here to view.
An All You Can Eat Bear Buffet
The Bears are still hungry. They are setting up for a big party. They will be feasting on breakdown shorts. You think today was bad? This might only be the start.When you are talking about the market,...
View ArticleClik here to view.
Warren Buffet Tees It Up For Bears
Well not Warren Buffet himself, but the news that Berkshire Hathaway is buying a boat-load of BAC. This sent futes ripping up shortly before the open. I started salivating when I saw this euphoric...
View ArticleClik here to view.
My 12-minute Work Day
It's the week before Labor Day and that means one thing. Low volume (boring) trading. I put boring in parentheses since there can be moments of excitement, but the general market action is usually...
View ArticleClik here to view.
I SPY Technical Perfection
I'm a big believer in keeping life simple. We all know at least one person that likes to make everything seem immensely complicated. They are constantly stressed out, always worrying about what they...
View ArticleClik here to view.
I SPY MORE Technical Perfection
This is a follow up to a post I published on Saturday. Click here to read that post if you already haven't.In keeping with surgical-like precision, the SPY opened up Monday right on the bottom of the...
View ArticleClik here to view.
Random Market Thoughts and Observations
The market is currently short-term overbought. The NASDAQ 100 has been the clear leader in the last two weeks. The ability to take out three major daily moving avergaes last week was particularly...
View ArticleClik here to view.
Head and Shoulders Above the Rest
The post-Fed sell off that began Wednesday afternoon led to the breaking of neck lines for the markets key indices. The Head and Shoulder continuation setup is now the dominant chart...
View ArticleClik here to view.
Fade IT!
This has been the week of the fade. When I saw futures rally after the 8:30 data today, I thought one thing. Fade! I even shorted SPY in the pre-market. Only made some lunch money as I covered half for...
View ArticleClik here to view.
Fade IT! – The Reprise
Last week's theme of fade any market rips continued into this week. Bears dominated intraday action once again and have notched new yearly lows for the IWM and SPY. QQQ has been falling fast as well,...
View ArticleClik here to view.
Has The Apple Been Poisoned?
This past week, the world lost a visionary. Since his 1997 return as interim CEO to the dying computer company that he and friend Steve Wozniak started in his parent's garage in 1976, Steve Job's has...
View ArticleClik here to view.
It's All About Excecution
A few weeks ago I decided to start writing down (or typing up) my daily trading plan before the start of each session. I felt the exercise of getting a plan into tangible form would help my focus when...
View ArticleClik here to view.
Stalking A Few Is Better than Scanning Through Many
When the markets opening bell rings, emotions can take over, and some trader's well thought out plans are abandoned to chase the "hot" stock of the day. Other trader's might not even have a plan coming...
View ArticleClik here to view.
Is Santa Bringing Wall Street A Year End Rally?
The charts sure look like it could be setting up that way. Of course with Europe head lines whipping the markets around almost daily, anything is possible, but barring a monumental new development...
View ArticleClik here to view.
Market On Island Time
Island Tops and Bottoms are pretty rare classical chart patterns. Most of them see their gaps filled soon after their creation causing the patterns to simply disappear into the rest of the chart....
View Article
