Doug Kass wrote about how he is long GLD at yesterdays lows. He’s not always been bullish on gold, has debated with Schiff on gold as religion in the past and is making a well thought case that it may…
Emotional Gold
Usually when I write something with much emotion attached to it I call a top or a bottom, but I can’t resist to document further this moment as I too have found myself getting excited these last couple days with…
Cyprus Noise
Inspired by Phil Pearlman’s call to action Im going to try and share my thoughts on the overnight Cyprus event. First off, Sunday was a day of sluggish thoughts about the week to come as I had a great St…
Jan/Feb 2012 Stream Look-back
I’m starting to hear more and more people calling for tops, everyone is looking for the next big pattern to create a signal- myself included. There is always a need for awareness and familiarity of ones surroundings.
January 2013 Chart Thoughts
I’m going to run through a random bunch of charts that I’ve had up recently…good or bad. I normally like to update my Stocktwits stream if levels differ from those others posted or when I see something actionable, and will…
Speculating On A Rally Or A Recovery
Today was a big day for the markets. The transports continued to show strength and broke key price levels higher. In some minds this will now bolster the highs that we are making into the end of the year and…
HL Showing Support and Resistance
Ive talked about the price history of HL many times in the past with lofty monthly price targets based on Elliott Wave counts going way way back. The here and now on the matter of intermediate price direction may soon…
The Path Higher in GLD is Heavy
I just want to post some chart comments on GLD. Its hard to not let our thoughts get away from us when we look for major turning points, but there have been a few out there much smarter than me…
ES_F Indicators Review
I put together an OR (opening range) chart last night while I was reviewing the ES_F price action. The OR can sometimes be a short lived “read” and other times it can mark the start of something bigger. I believe…
ES_F Midday Thoughts 05/08/12
Monday the ES_F rallied from overnight lows of 1342.50 to 1375.25 in late afternoon, successfully filling the gap from Fridays close at 13.62.50. The price action reminded me of the ISM release day when buyers were keeping the price action…
ES_F Midday Thoughts
I had a slight bias long this morning after the open bounced off the overnight lows. The opening range was lost in a big way however and took my buy at 94.5 past its stop no questions asked.
ES_F Fibonacci EMAs ISM Data Release Notes
Todays trading the ES_F was a roller coster. Although I was expecting the bias to be to the upside, I was not expecting a large magnitude move through the OR. The price action was tipped off by the ISM data…
ES_F Fibonacci EMAs Trade
Id like to compare two charts of the ES_F from Monday’s trading 4/30/12. I trade small size in the ES_F and it is sometimes difficult to hold onto positions for long this way, there can be little to no scaling…
Emotional Data
I continue to work on correcting the mistakes that I make. I like to take the contrarian trade and with that mindset I tend to be aggressive. Im sure that there may be other things that I am missing, but…
ERY Another Try
My prior “trade” in ERY lasted 4 months. It was a mistake that I got out with a profit. I was not in control of my risk. In reality I did not learn anything by holding this long with a…
Trying To Position Short
Time has flown, and so has the market. I have not been on the right side of the trade, but mostly flat on my short positions as of today. Scary intraday red candles have not been victories for the bears.…
SDS December Swing Trade Progress
On 11/30 I began echoing a previous SDS trading plan to scale into SDS. With half position size on 12/6/11, I decided to double down my position in anticipation of a turning point. 12/6/11 I noticed some flattening in the…
DJT Quarterly Elliott Wave Count
Today I found the volume in the DJT to flag further interest in an Elliott Wave count I had briefly explored only a few days prior. Lately I have been bearish. The thought of a bullish continuation in the markets…
SDS October Swing Trade Review
I haven’t written specific analysis in a while and just wanted to jot down a run-through of my thoughts and two specific trades over the past month. Many of the specifics mentioned can be found in my StockTwits stream during…
EURUSD Monthly Triangle Elliott Wave
So far the EURUSD Elliott Wave analysis done in late May provided a fairly accurate road map for price action. In mid July we noted that the 1.3838 level may be significant within the shorter term time frames move as…
End of August Trades 2011
I traded Sprint and Paetec Corp so far this week and entered a starter position in the SDS. I did not disclose these positions on the stream, but they were tickers I did call attention to.
TNA Trade Weekly Bottom
I had set my expectations high for being in a bottomless market- unrightfully. Nevertheless there was a plan. Although it didn’t follow through, at least I did. I will say, I should have heeded my earlier premonitions to keep my…
Volume Gap Trade In LEAP Wireless
I bought LEAP wireless on August 12, 2011 and sold on August 15, 2011. Below are the factors that played into making this trade. This particular trade was based off of information gathered on StockTwits.
August 11, 2011 TNA Trade
The following is a short synopsis of the trade I took in TNA. I bought TNA on August 11, 2011 and sold at the end of day. Entering this trade was based off of four factors.
Yes The TLT Broke 98
I have not followed this relationship in the past. I had set an alert to 98 level on the TLT early June and was not excited for my current long positions when this level was broken higher, but where is…