October 2011
October 11, 2011 –
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RELATED TICKERS: S
In my previous post “Why I Believe Sprint Trades 10-20% Higher in The Near Future,” I explained my beliefs on Sprint (S) trading higher. At the time, it was only a few days until Apple was to release the new iPhone 5. I speculated that the stock was due to trade higher because Sprint was going to officially announce that it will carry the great iPhone. Well, it turns out it did trade higher but first it would trade lower, much lower. [more]
October 11, 2011 –
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RELATED TICKERS: SPY
For what I can count, the bulls did 4 good things to help their case today:
Here is a quick recap of what we saw in the market today and what we expect. Today we pretty much had a trend day. Market runs up quickly in the morning and begins to move sideways for the remainder of the day. This a great thing if you are long from yesterday but if not then you are pretty much left on the sidelines. Traders trying to go long (usually from boredom) typically get shaken out before the day is over. It is also not a good time to short the market just because things are getting lifted up to extreme levels. Shorting is usually better the days following. Today's close where we zoomed lower and the rocketed higher is the only part of today that stands out. [more]
October 10, 2011 –
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RELATED TICKERS: HSH
, PXD
, BBT
If you were unable to get in on the market's move either in the premarket or right at the open (which seemed at that time a fairly risky maneuver to me), then you've probably been on the sidelines, waiting for the market to make a move. [more]
October 10, 2011 –
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RELATED TICKERS: SPY
[more]
October 08, 2011 –
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RELATED TICKERS: SPY
For the bulls, the sell-off since the July highs is a lot worse than the way it looks on paper. Every bounce that we've seen to date (and there have been plenty of them) has given the bulls reason for hope that the market would emerge out of the chaos, to buy back in, and only get trampeled on by a new wave of selling. So despite the market being down 10% on the year, the whip-lash over the last two months have created far greater pain for the bulls [more]
October 07, 2011 –
One of the problems that I find with trading today, is that there are a lot of popular cliches that people hold on tight to, considering them to be untouchable in practice and theory, and the act of challenging these popular beliefs will label one as a trading outcast, reject, or even dangerous. [more]
October 07, 2011 –
It is usually said that picking stocks is the easiest job of trading. The hard part has always been said to be the management side. That is, managing emotions and managing positions. Today’s topic will cover managing positions. [more]
October 07, 2011 –
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RELATED TICKERS: BBRY
, OPTR
, ADSK
Friday Morning Watchlist: [more]
October 06, 2011 –
When you are in a trade, regardless if it is going in your favor or not, ask yourself this question: Are you in it for this trade only or are you in it for what your portfolio will be worth at the end of the year? [more]
October 06, 2011 –
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RELATED TICKERS: FST
Trade review on FST that we took today. This is a good example of what happens to a beaten down stock that snaps back. A stock like this can run over the course of several days. [more]
October 06, 2011 –
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RELATED TICKERS: SPY
[more]
October 05, 2011 –
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RELATED TICKERS: KLAC
, STLD
, X
By far one of my best screens in determining who is buying what on the street! What you will find are those stocks that, among other variables that I use, 1) Gaining an increased amount of coverage by brokerage firms and analysts, and 2) Being upgraded on a regular basis. This is a good screen to show you where the smart money is putting their capital to work at, without you having to actually ask them. [more]
October 05, 2011 –
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RELATED TICKERS: VIXY
, VIXM
A closer look at the VIX – what is it really telling us? [more]
October 05, 2011 –
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RELATED TICKERS: SPY
[more]
October 04, 2011 –
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RELATED TICKERS: AAPL
, CROX
, MSFT
recently saw the movie, "Moneyball", which starred Brad Pitt playing the roll of Billy Beane (General Manager of the Oakland A's). I must say it was one of the best movies I have seen in years. And there wasn't even anything that belew up during the two-hour movie. Nonetheless, that movie was riviting, and as a baseball fan, I remember reading and following the Oakland A's back in 2002-2003 when they were defying the odds. [more]
October 04, 2011 –
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RELATED TICKERS: COST
, AZO
, BMY
Here is my list of top safe plays in this highly volatile and bearish market. That doesn't mean you can't lose money off of these plays, but considering where the market currently is and where these stocks are currently trading at, they have held strong against the onslaught of bearish market sentiment. If you're looking for some nice defensive stocks to weather this storm, yet be in position for the possibility of a sustained move to the long side, once this market eventually bottoms out, then take a look at the list of stocks below that are more defensive than growth oriented. In essence, these stocks represent a good balance of companies that are dependable, stable, usually collect a respectable dividend and hold their value all at the same time. [more]
October 03, 2011 –
[more]
October 03, 2011 –
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RELATED TICKERS: BBY
, COG
, BIIB
This market has been nothing but a chop-fest and this definitely favors the bulls should this continue throughout the day. There is a ton of support at the 1120 level on the S&P and you can clearly see the buy machines come on strong every time that level is tested. Once the bears can close below that level though, it should make for a nice windfall to the downside. [more]
October 03, 2011 –
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RELATED TICKERS: SPY
, TZA
[more]
October 02, 2011 –
[more]
October 01, 2011 –
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RELATED TICKERS: SPY
For the bulls, the sell-off since the July highs is a lot worse than the way it looks on paper. Every bounce that we've seen to date (and there have been plenty of them) has given the bulls reason for hope that the market would emerge out of the chaos, to buy back in, and only get trampeled on by a new wave of selling. So despite the market being down 10% on the year, the whip-lash over the last two months have created far greater pain for the bulls [more]