Current Long Positions (stop-losses in parentheses): TICC (9.62), BRKR (14.54), ITW (47.40), QQQQ (49.25), TIE (19.73), BEAV (31.75), PAG (13.62), DTV (41.09), ZION (21.59), ACI (25.54) Current Short Positions (stop-losses in parentheses): None BIAS: 82% Long Economic Reports Due Out (Times are EST): Bernanke (8:15am), Consumer Price Index (8:30am), Retail Sales (8:30am), Empire State Manufacturing Survey (8:30am),
About a month or so ago, I wrote a post describing the details of my trading computer. However, as you know, a computer with great hardware setup doesn’t mean much unless you have the right software in relation to how you trade. So this here will be the second installment of the “Trading Desk”. For
Please say it ain’t so! But believe it or not, there are a lot of traders out there that have charts that are as convoluted and messy as the chart you see above.
Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), MR (32.80), WTFC (37.71), SLAB (44.80), CERN (83.56), ALB (43.59), HIBB (26.65), LYV (11.95), WRC (40.95) BIAS: 93% Short Economic Reports Due Out (Times are EST): Consumer Price Index (8:30am), Treasury International Capital (9am), Consumer Sentiment (9:55am) My Observations and
Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), MR (33.39), WTFC (37.71), SLAB (44.80), CERN (83.56), ALB (43.59), HIBB (26.65), LYV (11.95), WRC (40.95) BIAS: 103% Short Economic Reports Due Out (Times are EST): Producer Price Index (8:30am), Empire State Manufacturing Survey (8:30am), Jobless Claims (8:30am), Industrial Production
Recently I have tried to provide readers on the weekend with the most interesting article from the past week. The article below comes from MarketFolly.com. It details the most popular stocks among hedge fund's top-ten holdings. Perhaps you may be able to find a trading idea or two as a result. Given our focus on
What???? We are rallying hard on news of Greece getting bailed out by Germany? The fate of the United States and direction of this market all hinges on Greece??? Are you Serious???? OF COURSE NOT!!! Why the market felt it was so necessary to rally on this piece of news is beyond me. And if
Two days in a row now the market has moved upward but can it hold? To read more on that, check out the article I posted last night on my trading strategy going forward. Unless things drastically change, I am pretty confident about my approach. For today, it should be much more quiet than it has in
One of the dumbest things that a trader can do is try to predict earnings, economic reports, or the Fed. It is total lunacy! Honestly, it is that home-run, “Make-Me-Rich”, something-for-nothing, greedy-for-gain, lazy attitude that causes so many to try to play this nonsensical game. One of the biggest temptations is for the clock to
After a day of pretty hefty gains and months of racing back to the 10k mark on the DOW, the market may be looking to cool down some. Futures are currently trading flat with the Dow up 2 points, the NASDAQ down 1.5 and the S&P unchanged. Overnight Asian markets responded well to the US