October 2003 Archives

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...

We gapped up to the old highs this morning based on a better than expected GDP report. I don't trust these type of gaps after we've already had a strong move. They smack of exhaustion to me. Yeah, I know the news is good, but my warning flags are raised, as are my stops. Let's see if we can take out the intraday high by 10:30.

I'm glad I decided to stay on the sidelines today. Most of the stocks on my buy list closed very near or below where I would have bought them. What started off looking like a strong up day turned into a very choppy, go nowhere kind of day. Now I like my potential longs even less, but I'll keep most of them on my list anyway. But my rules prevent me from making any moves until 30 minutes after the Fed decision tomorrow.

The indices did indeed bounce off of their 50-day moving averages on Friday, making hammers in the process. (imagine that!) I suspect that a lot of the last hour buying was shorts taking their profits & running. Based on the action of the indices I was expecting to come up with a long list of potential buys for Monday. But I saw a lot of broken stocks that I wouldn't dare touch as longs. I'll be watching those for short candidates if & when they bounce. So although the dip on the indices looks perfectly normal, there's a good amount of weakness in individual stocks. I was able to come up with a decent list of buys though (lots of retailers... hmm...) but I'm not all that excited about them. So I think I'll just stay in cash until after the Fed's decision on interest rates Tuesday afternoon.

The major indices are all hovering near their 50-day moving averages. That heavily watched average is where a lot of traders will likely take action. We're also in oversold territory, based on my stochastic indicator. As I see it, this is a good risk/reward area to start buying. Of course, I'll be waiting for some bullish reversal candlesticks before I get truly interested. But I wouldn't be surprised at all to find a lot of those very candles have been formed by the end of the day today.

Update: I'm not updating this list any more. I am keeping an up-to-date list of blogs that I read in the Stocks/Finance folder in my BloglInes account. Feel free to check it out.

Here it is, my attempt to keep track of all the stock market (and other trading) blogs out there. If I've missed any, leave it in the comments and I'll add it to the list.

• Bank Stocks - added June 18, 2004


• Between the Hedges - added April 19, 2004


• Big Picture


• Bob's Advice for Stocks - added Mar. 26, 2004


• BondTrader's Blog - added June 3, 2004


• Byrne's MarketView - added June 18, 2004


• Buy Low Sell High - added April 19, 2004


• CANSLIM Investing - added May 4, 2004


• Capital Spectator


• Charles Rotblut's Stock Market Commentary - added Dec. 7, 2003


• CurryBlog - added Oct. 28, 2003


• E-Mini Blog


• Foreign Currency Trading - added June 16, 2004


• Gagalac Style


• The Golden Coast - added June 3, 2004


• Great Companies, Great Charts - added June 26, 2004


• Kirk Report


• Learning Curve


• Market Clues - added June 4, 2004


• Market Pulse - added June 4, 2004


• MaoXian


• p^t's E-Mini Journal


• Reminiscences of a Stock Blogger - added June 18, 2004


• Rookie's Corner - added June 3, 2004


• Sixth World - added March 15, 2004


• Stable Value


• Stingy Investor


• Stock Market Idea - added March 27, 2004


• Trader Mike


• Trader Wizard - added April 19, 2004


• Trading Psychology


• Ugly Chart - added June 8, 2004

Here's the best article I've seen regarding the economy's second half recovery. :-)

(via Zwoof's Woofing Post)

The list of stock market blogs is growing quickly now (finally!). Here's another trading blogger (blogging trader?) - JChart.

I guess I should keep a running list of these apart from my BlogRoll. If nothing else, maybe that will help knock that damn BlogShares.com out of the number one ranking for the Google search for 'stock blog'. That'll be my mini-project for tomorrow.

P.S. Now if we would all just ping weblogs.com when we update our blogs.... please!

I know I've been slacking off on posting to this site lately. I'm still on the sidelines, in cash, waiting out this busy part of earnings season. A couple of years ago I made it one of my rules to take off these earnings laden weeks each quarter (usually the 3rd & 4th weeks of January, April, July and October). I do this for a couple of reasons. The main reason is that I've found those weeks to be highly unpredictable and very choppy (note today's nasty gap down opening). After trying to trade through earnings several times I found that I was better off to avoid earnings season all together. There's nothing worse than being caught on the wrong side of an earnings surprise (see LF's 25% debacle today). The other reason is simply that if I don't force myself to take some days off I'll be toiling at my desk all year long. So I look forward to these weeks as a time to take a breather from trading.

I am keeping an eye on things and am starting to keep a list of potential buys for next week. I may jump back in next week and trade some stocks that have already reported or that don't report for another few weeks. I'm seeing some nice pullbacks. I run a scan that I call 'recent new highs', which filters stocks that have made a new 52-week high within the last 10 trading days. That scan in particular is finding some real nice looking dips. Those stocks will be at the top of my list... assuming that this market-wide dip doesn't do too much damage. :-)

I'm happy to report that I've just found another trader who has started blogging. (hat tip to Charles) Take a visit to the Kirk Report and poke around.

As always, there are other stock market related blogs in my blogroll (left column on the main page) and in my previous posts 'Other Stock Market Blogs' and 'More Stock Market Blogs'.

I'm still here, just waiting out the meat of earnings season. Things are still generally too extended for me to want to jump in long and too strong to want to short. I hope to find some entry points over the next few days. Meanwhile, back to sleep...