-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
September 2006 Archives
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
-
some good detail in this video for those who are doing John Carter's TICK fades
-
(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
-
Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
-
I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
-
Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
-
Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
-
It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
-
With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
-
Warren Buffet's call for help
-
Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
-
Using this plugin, you can eliminate several portions of the posting interface, including:
-
The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
-
"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
-
The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
-
My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
-
Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
-
This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
-
Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
-
he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
-
Dethroner.com, the perfect guide for the imperfect man, is here.
-
How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
-
(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
There are a couple of economic reports hitting at 10 AM -- consumer confidence and the Richmond Fed report. That fed report could be a big one given the hard reversal we got last week from the Philly Fed. The action could be intense with the bears trying to defend new highs on the S&P. So stay on your toes or, as a wise man once said, "Keep your mind on your money and your money on your mind..."
Potential swing trades:
Continue reading Watchlist for September 26, 2006.
-
The company harnessed the popularity of online journals. Now, Six Apart is dealing with the challenges and possibilities of blogging's future
-
BusinessWeek.com readers’ top 12 choices from the idiosyncratic world of blogging
-
The Blogger Sentiment Poll recorded a bearish sentiment of 50% -- its highest reading yet.(tags: stocks)
-
The most valuable service I can perform for traders, I believe, is not to become their trading coach, but to help them mentor themselves.
-
Free software. Bargain chips. The always-on Internet. Today's tech giants are in danger. But the next big boom has already begun
-
Here's a risk management formula that allows you to adjust account volatility to get the massive returns you want.
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some good detail in this video for those who are doing John Carter's TICK fades
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(tags: trading)
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed again and rallied for the rest of the day.
Around 10:15 I decided to shut it down for the day. That was partly due to the fact that my gut was telling me to be long today but the action at that point as well as my moving averages were telling me to look for shorts. I was also tired as hell after a very late night tweaking the web server. I'm glad I decided not to attempt any trades because I surely would have gotten chopped up this morning. Had I stuck to using my moving averages as a direction guide I couldn't have gotten long until about 12:30 but I usually don't like entering trades that late in the day. So although it sucks to miss monster trades like BRCM I think I did the right thing by walking away. (I wouldn't have caught that entry that Ugly pointed out because I was still looking for shorts at that time but there were some nice setups later.)
So on to some charts...
The Nasdaq thrashed about its 200-day moving average this morning before moving higher. It sure looks like it's ready to push that upper Bollinger Band higher.
The S&P made a new multi-year closing high but it's still under the resistance level set by the May intraday high. I also just noticed that its building a pretty big ascending triangle. Watch out bears!
The Russell looks a lot like the Nasdaq -- bouncing off of its 200-day moving average:
And finally, here's a chart of United States Oil Fund LP (ETF) (USO). If the price chart isn't convincing enough (nice walk down the lower Bollinger Band) stochastic shows just how much pressure oil has been under (no pun). Seems like it's due for at least a technical bounce. If and when it does I'll be looking to get short.
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
Here are details and a video invitation for the WallStrip launch party. Contact me if you're in the area and want to attend. I'm just excited that I finally get to meet the man, the myth, the living legend Chartreuse in person.
Host: Howard Lindzon / Chartreuse / BrightRED Pictures
Location: BrightRED Pictures , 54 Bond Street 2nd Floor, New York, NY 10012
When: Friday, September 29, 8:00pm
Howard Lindzon is in town and he's hosting a NEW MEDIA MOGULS MIXER at the NYC office/studio of his soon-to-launch series of daily web shows.
A little food, a lot drink, good times & major networking.
Come 'n mingle with the toast of "Silicon Alley" -- Bloggers, Vloggers, VC's, Web Geeks, Tech Nerds, Video Makers, Content Creators & Platform Hustlers
P.S. look closely...The enigmatic chartreuse(BETA) may be in the house!
So I think I've rebuilt everything after the move to the new server over the weekend. Please let me know if anything is broken.
This should an interesting week since it's quarter-end. There's lots of talk about mark-ups and mark-downs and judging by this morning's gap up it appears that the games have begun. Be careful out there...
Potential swing trades:
Continue reading Watchlist for September 25, 2006.
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Over the past two years Adelson has made $23.6 million a day—just under $1 million a hour. At that pace he’ll eclipse Bill Gates as the richest man in the country sometime in 2012,(tags: for_TM)
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I just can’t understand why people would choose to make their income this way. Trading hours for the dollar is like the worst possible method of earning a living one can make. Here’s why.
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Darple provides the symmetry, transparency, and fairness of a double auction to buying and selling anything.
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Here’s the weekly scan. As always, the goal is to spot the stocks that move the most during the day, lately, and also trade a large number of shares.
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It's true that such mistakes are colossally stupid. But when smart people keep making the same stupid mistakes, it's safe to conclude that idiocy is not the only factor at work.
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With everyone talking about the Dow approaching record highs again, we thought we would highlight the 30 members in the Index on January 14, 2000, when it closed at its current record high.(tags: stocks)
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Warren Buffet's call for help
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Remember Stuart the slacker from the Ameritrade commercials? We found a couple of the old commercials, and here they are for your nostalgic viewing pleasure...
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Using this plugin, you can eliminate several portions of the posting interface, including:
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The content on this page —drawn from campus seminars, courses and events—is just one part of UC Berkeley's commitment to the broadest possible dissemination of knowledge for the benefit of our state, the nation and the world.
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"Today I did everything that we were all taught that traders are NOT supposed to do. Let's see: I broke my trading rules * I exited my winners too soon..."
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The question becomes “How do you define congestion?†I do it by watching for overlapping bars.
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My guess is that many people try so hard to ignore bear markets because they have no idea how to “dress†for them. There are several options:(tags: trading)
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Schwab Chief Trading Officer Greg Miller sat down and talked with one of the most respected names in technical analysis, Martin Pring, to get his thoughts on how active traders can improve their trading outcomes in today's volatile markets.(tags: trading)
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This time, the focus is on strategies to help trade various price patterns, including rectangles, head and shoulders, and Martin's favorite: one- and two-bar price patterns.(tags: trading)
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Tangifying occurs when a person psychologically transforms the P & L on their screen into material possessions (house, car, vacation, savings)
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he equity markets have been in a derivatives-induced coma for several years now, and my sense is that the upcoming fourth quarter is about as ripe a period as I can imagine for this coma to come to an abrupt end.(tags: trading hedgefunds)
Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don't be surprised to see some retracement here. I wouldn't be an all-out bear here though since quarter-end markups could keep us propped up for a couple of more days.
One other thing, I continue to be amused by all the hype over the 'threat' of all-time highs on the Dow. As I've written before, that index is damn near useless for at least two reasons -- it's only 30 stocks and it's a price-weighted index.
Here are charts of the S&P 500 and Nasdaq:
Trend Table
No changes.
| Trend | Nasdaq | S&P 500 | Russell 2000 |
| Primary | Lat | Up | Lat |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
The futures reversed from up to down after the durable good report at 8:30. We've got a couple more reports due out in the first hour -- some housing report at 10 and oil inventories at 10:30. I'll be watching some oil plays to see if they can get any kind of lift off of those numbers.
Potential swing trades:
Continue reading Watchlist for September 27, 2006.
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Dethroner.com, the perfect guide for the imperfect man, is here.
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How to make infinite R returns. I think Ugly missed his calling, dude is pure comedy!
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(tags: internet advertising)
Really all we do at WallStrip is make video invitations to parties. ;-) The woman in the video above is one of the finalists for the host position. What do you folks think -- should she get the job?
I don't have a whole lot to say about today's action, it was really just more of what happened yesterday. The big news, as far as I'm concerned, is that the S&P closed above the May intraday high and popped out of the ascending triangle I pointed out last night. I don't think this little breakout is very convincing though. Volume wasn't anything special and looking at the intraday action, it was a bit of a struggle until the index drifted to new highs late in the day:
My guess is that the fund managers doing their quarter-end markups just wore the sellers out today. HEre's the daily chart of the S&P:
And here's the Nasdaq: