In-between the lines of data and price where the ego is discernible there is noise and sentiment; good, bad, right wrong. A silent pause can strengthen from a look back.
Gold – I Was Wrong
I’ve been in DZZ down to partial position size for over a year. There were many mistakes made that I’ve eluded to in prior posts although I’ve certainly focused mainly on the positives till now. Marking up the chart below…
Thoughts On Oil
I’ve been creating a small position in SCO- short oil. My negative bias is a result of the thoughts below yet the technical set up for the charts is choppy and at the present time probably more bullish than bearish.…
“Grandpa” Likes Gold And Hates The Dollar
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.
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…
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…
What is going on right now?
Is helicopter Ben just not going to show up any longer? What does that even mean? I follow price not Fed Chair hobbies. Will the death of Osama Bin Laden really mark a top in the stock market? Is this…
Take A Step Back
Focusing on the basics, the details and your time frames is no less important while observing a trade then actually trading it. A chart of PPDI that was noted on stocktwits by alphatrends had a great triangle setting up at…
Sighting A Random Foolish Event In Leap Wireless
While this may seem like searching for a scapegoat for a stocks price motion, it’s meant to reflect a timeline of events that in all actuality are random, as compared to past events. The probability of this particular event even…
Automated Trading The Hard Way
Although transactions in the market are executed in a number of ways, whether electronic or human, a tick in a markets price has objective and could be categorized as either a trade or an investment. Traders and investors, to the…
Price Motion And Time Frame
Just like the many variations in a stock pickers picks, many times charts can be telling you the same thing differently. There is a common thread among all charts of the same equity that creates a semblance of these differences;…
The May 6, 2010 market error
The statement “market error” is possible, but largely impossible. At times errors occur, they are rare but obvious, like in many individual stocks on May 6, 2010. But the “market error” speculated to have been made by reaching the indices…
Where greed is lying in the markets
News as a business will seek out what is desirable and what is selling to audiences to remain profitable. Sometimes that audience is the market participants or traders, other times it is so called “Main Street.” Which I happen to…
Some Stock Market News Is Nothing New
For anyone who is carousing the web looking for information and direction in the equity markets the pitfalls are numerous. But, the wolf in sheep’s clothing can be hard to discern for a beginner trader. Perhaps he or she does…
Why Do I Read Financial News Advisory Articles?
As a technical day trader I continue to work on solidifying my own day trading strategy. As I explore the markets for opportunity, I find that the urge to follow others “advice” becomes more distracting. That’s not to say that…
Are You Sure You Don’t Want To Sell?
Are You Sure You Don’t Want To Sell? Why do I hear this more and more in my head lately? Probably because it’s prudent to my strategy to take long positions down or off. But for the short term trader,…
DOW 10,000…2009
The averages seem to be overdone. The bears call for a correction, the bulls call it a cautiously optimistic market. Still, the market holds the opinion that matters the most, and the market keeps heading higher. Day traders often get…