The stock market is like a giant puzzle and it’s our job to recognize patterns that are in the process of forming right now, then compare them with past events, to form a conclusion about how you’ll proceed. Sometimes these puzzle pieces just fit, sometimes they don’t, and other times we have to force them [...]

30
Sep
stored in: Technical Analysis and tagged:

Hmmm. Chalk one up for the bullish camp here. My broker TD Ameritrade is offering nightly classes entitled: Trading in a Bear Market. Where have they been for the last year?

Everybody has one question tonight. Is the stock market going to bottom soon? So I decided to ask my magic 8-Ball. I debated whether to write up a commentary about today’s action as it could change in a flash if we suddenly hear that the bailout is suddenly approved, but I thought I’d ad my [...]

29
Sep

The Nasdaq was extremely weak today, down 9.14% verses the Dow, which was only down a tad under 7%. It’s almost comical to say out loud that the Dow was only down 7&. Anyhow, if the Dow was down on a percentage basis as much as the tech heavy Nasdaq, it would of suffered a [...]

29
Sep
stored in: Technical Analysis and tagged:

I don’t ever brag about when I’m right, but I absolutely have to point this one out. If you were following me on Twitter, during the last hour of trading on Friday you would have seen my tweet about the market crashing on Monday. Now I was half joking, I will admit this, but I [...]

29
Sep

Senator Ron Paul really tells it like it is. I would have so much more confidence in our country if he was running it. He really seems to have a grasp on reality. I’ve never heard a politician be so frank about what needs to be done to get America back on the right track. [...]

For those of you living under a rock and haven’t seen this video you must click on this vid. It’s been out awhile now but I laugh everytime I see it. I swear my family watched this like 10 times in a row one night laughing harder each time.

28
Sep

As a trader you develop your own set of rules for numerous situations such as when to enter a trade, cut a loss, or when to be in cash. These rules change over time as you grow and develop your personal style of investing. I remember when I first started investing I followed a lot [...]

27
Sep
27
Sep

I can’t find a whole lot to get excited about in the markets right now. In fact, it seems a bit pointless to do a whole bunch of research, annotating charts, making predictions when every bit of news that comes out in the markets changes everything. I’ve always hated when the Fed meets to discuss [...]