Technical Discussion

Since Wednesday the markets have not been performing all that well. I’ve seen opinions from both sides, where some believe that we’ve peaked and are now rolling over to others that say we have a great buying opportunity. To be completely honest, I could careless about other people’s opinions, in fact when I listen to

Here’s the Analysis of the Nasdaq chart. I forgot to put it out yesterday, nonetheless, it looks like the bears want to test out the lower channel and whether support holds or not will go a long way in determining if this market can continue its long-term trend. Here’s the NASDAQ Chart…

I’ve held Teradata (TDC) for almost two weeks now. While I would have expected more of an upswing at this point, it has nonetheless maintained the 50-day moving average and major support levels with conviction. One downside that I have seen in the stock is that it has not had seen any increase in volume

Apple (AAPL) is just one of those stocks you can never get enough of. On a day-trading basis, I probably broke-even to slightly in the green, but on a swing-trading basis it has done me pretty good. I think I’ve probably traded it seven or eight times and only once have I had a

Nice bounce off of the lows that we saw early this afternoon, and now the S&P appears poised for a afternoon rally (again). I might have missed the opportunity to get into Marathon Oil (MRO) but there is still some time left for that to happen but the odds are probably against it. Nonetheless, I

Our latest trade is in Teradata (TDC) – a tech company that provides enterprise data warehousing solutions, provided me with a nice setup to the long-side so I took it. I bought in at 26.35 last Friday, and then again this morning at the open at 25.85. So far so good, I am in positive

I thought the jobs number this morning would have caused a little bit more heavy trading, but so far, the job’s report has been a non-issue. There was an earlier attempt by the bulls to break out of a weak resistance level, but so far it has been nullified. Should the bears managed to keep

Here are the charts on the six short positions in the portfolio – all of them are profitable as of this writing. I’m going to look to add another position tomorrow. CF is trying to be acquired right now by AGU, but CF is resisting, and it doesn’t look like anything is going to happen

It’s getting nasty out there and so far the bulls have yet to throw a counter-punch. As it currently stand the markets are down a little over 2% across the board. My new positions of GE, RGLD, and CF are working out nicely as are my exhisting positions in BBT and UNH. I

Here at mid-day the bears are showing that they have complete control of this market. There hasn’t been any attempt by the bulls to push back the indices into positive territory – which is surprising really since this is the last day of the trading month, and you’d think there would be some traditional window