I thought I’d post a chart of the dollar since I’d been mentioning the recent slide so much. The dollar actually had a nice bounce (+0.92%) on Friday, presumably due to the good Chicago PMI report. It looks like it may be stabilizing on the daily chart. But I think the long-term [...]
For a while now I’ve been meaning to explain who I am and how I trade. After reading Dr. Steenbarger’s blog today, I’ve been inspired to do it, so here goes. It appears that my trading philosophy is very similar to that of Dr. Steenbarger. I’ll attempt to use similar headings [...]
We had a real stalemate at the end of the day. The S&P 500 bounced between 960 and 965 for the last 90 minutes of the day. But it closed at 963.59… what a tease. Perhaps it’ll be able to break 965 next week.
I think I’m done for the day. Time [...]
The market is flying now as word of the national terror threat level being lowered to yellow. NASDAQ is bumping up against 1600, and the S&P just blipped over 965. Should be an interesting final 90 minutes of trading today.
We’ve got a nice rally underway based on the much better than expected Chicago PMI report. We’re hovering just above yesterday’s highs right now. I can’t help feeling that now that we’ve got a clearly positive economic report there will be a bit of a “sell the news” reaction. We’ll know soon [...]
I thought I’d highlight some other market related blogs in case you haven’t noticed these in my BlogRoll. Check them out.
E-Mini Blog
It’s All About the Benjamins
MaoXian
p^t’s E-Mini Journal
Trading Psychology Weblog
Note: Here is a more comprehensive, continually updated list of stock market/trading blogs.
For a change the indices went their separate ways. The Dow (-0.67%) and S&P 500 (-0.35%) ended the day lower, while the NASDAQ (+0.46%) showed great relative strength and closed higher. However all three indices closed well off of their highs. They were all repelled by their upper Bollinger Bands for the [...]
A slight dip in today’s rally due to this article in the Washington Times - Al Qaeda warns of threat to water supply
Here’s an article which tests the widely held belief that crossing above the 200 day moving average is a bullish event. (warning, if you have a pop-up stopper, turn it on b4 clicking that link.) After running several tests, this is the author’s conclusion:
Arguing about the trend of the market based on [...]
You’ve all probably heard about LeBron James’ $90 million deal with Nike. Well as an encore, they signed 13 year old soccer player Freddy Adu to a million dollar deal. Well, no sooner than this article was written - Perhaps next, Nike will sponsor a newborn - Reebok is rumored to [...]
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