I hope you all have a safe and happy new year. I’m going to try to finish reading ‘How to Make Money Selling Stocks Short‘ before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I’ve never [...]
My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of “nothing to see here” charts. So I’ll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, [...]
I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the “try anything but use a stop” school. (An old Todd Harrison quote.) Here’s the intraday chart (15 minute candles) followed by the daily [...]
Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the ‘delayed gratification’ resolution. I’m always striving to take a longer term approach to my trading. (via TaylorTree)
As for predictions — I’m so sick of hearing/seeing people making market (and individual stock) predictions for next [...]
There’s not much on my swing lists today and that’s fine with me because I really don’t want to do much in this light volume. I’ll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that’s been tied [...]
Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can’t end well, can it?
Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn’t be easy to conquer that line.
And finally, the chart of [...]
I thought I’d join in on APennyFor’s Best of 2004 Bandwagon Project. These aren’t necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So [...]
Looks like Chairman MaoXian is back to trading after cancelling his vacation because his “Southeast Asian holiday destination was washed away“. Talk about good timing! Anyway, today he’s posted some quotes from Jim Cramer’s book as well as a link to an article predicting troubles in China.
We’re back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.
I see it’s been a while since I’ve posted charts. That’s [...]
I’m seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don’t want to press my luck in this dull market.
I hope some of you caught that moon shot in TAYD yesterday.
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