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MRVL breakout of the daily low after 10 AM

2011-10-26T11:18:49-04:00October 26, 2011|

This is a textbook trade using my strategy of the breakouts that happen between 10 am and 10:30 almost everyday.  By the way, many times you will see similar breakouts around the 1-2 pm range.  Don't fall asleep!  A boring market will wake up in a heartbeat.  Have your stop [...]

QID breakout after 10 AM! That’s a nice-ah

2011-10-26T11:06:43-04:00October 26, 2011|

This is a great example of my day-trading style.  I see a high of day formed, then usually a little downturn, then a breakout above the high of the day after the 10 AM mark.  Works quite often.  Keep a stop loss at about 1-2% or whatever you are comfy [...]

FSLR goes…well, goes to the downside

2011-10-25T22:58:18-04:00October 25, 2011|

This is a crazy downturn in FSLR today.  The CEO announced his leaving and this is what happened.  I actually wanted to short it earlier in the day as I saw it set-up for a possible break of the daily low (it's on my watchlist of about 20 stocks or [...]

Day trade breakout of GMCR

2011-10-25T22:51:07-04:00October 25, 2011|

This was a great low of day breakout on the short side of GMCR.  I don't trade anything until after 10 am, and this trade was good until end of day.  No real move back up to stop you out.  Great move!!!

The Things I Do for TNA

2011-10-07T09:19:19-04:00October 7, 2011|

Edgy has been tied up in the Bears' basement for the past week, looking at his TNA position and re-evaluating his life. Thanks to the TD Ameritrade server breakdown fiasco last Friday, I didn't know I was even in TNA until an hour and a half later.  At the time, [...]

Guest Post: Game On!

2011-09-28T23:41:08-04:00September 28, 2011|

As Wayne and Garth would say while playing street hockey, after a car drove by, “Game On!”  The Bear Trap I posted about a few days ago is over, and whatever-the-heck this market wants to do may now resume in whatever direction it will go. […]

FOMC Statement 9/21/11

2011-09-21T14:30:30-04:00September 21, 2011|

Information received since the Federal Open Market Committee met in August indicates that economic growth remains slow. Recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated. Household spending has been increasing at only a modest pace in recent months despite some recovery [...]

A few Short Setups for Friday and Beyond

2011-09-02T09:23:33-04:00September 2, 2011|

First let me start off by saying be careful not to jump on the "futures down big" bandwagon this morning when initiating short potions.  Instead wait for the market to settle and stalk you entries. DO NOT chase a gap down when shorting a stock.  This market could easily rally [...]

Gentle Ben

2011-09-01T16:56:25-04:00September 1, 2011|

      Ben Bernanke, IRONy MANFrom Speech before the National Economists Club, November 21, 2002http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm First, the Fed should try to preserve a buffer zone for the inflation rate, that is, during normal times it should not try to push inflation down all the way to zero. Second, the [...]

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