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Investors Still Haven’t Understood Leveraged ETF’S – Great explanation why I stay away from leveraged ETF’s.

Double Trading Loser – Why you shouldn’t throw good money after bad.

Investment Madness – Digging into psychological biases within your trading.

Trading Tools A comprehensive list of trading tools that Leigh Drodgen uses. Some I’ve never heard of and plan on looking into.

 

Noteworthy tweets…

It’s pretty typical for the % of stocks above their 50-day MA to test the 50% range after moving below 70% (or above 30%). Doesn’t always… @jackdamn
Every serious event/trend direction was in the charts before hand. ’87, ’01, etc. Currently nothing is in the charts ie Europe/N Korea now @wwwstockrake
I’m gonna have to drink more of that Four Loko swill to get myself to buy a bank stock @dasan
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One Response to “Coffee, Charts, & Macro News”

  1. Steve Says:

    Hey J,

    Couldn’t help but post this for a good weekend laugh from a poster on MarketWatch:

    john3146662012113

    ‘Twas a few weeks before Christmas, when all through the house

    Not a creature was stirring, not even a hedge fund louse;

    The stocks were hung by the big red ‘sell’ button with care,

    But with hopes for all that Saint Bernanke soon would be there;

    The bankers were nestled all snug in their Fed beds,

    While visions of Bermuda, hookers and blow danced in their heads;

    And mamma in her ‘kerchief, and I in my tinfoil cap,

    Had just settled down for a long winter’s nap,

    When out on the screen there arose such a clatter,

    I sprang from the bed to see what was the matter.

    Away to the Windows I flew like a flash crash,

    Tore open the brokerage account and threw up the cash.

    The futures on the breast of the new-fallen snow

    Gave the red lustre of mid-day trading to objects below,

    When, what to my wondering eyes should appear,

    But a miniature sleigh, and eight tiny reindeer,

    With a little old driver, so lively and red,

    I knew in a moment it must be the Fed.

    More rapid than eagles his coursers they came,

    And he whistled, and shouted, and called them by name;

    “Now, Yellen! now, Warsh! now, Duke and Raskin!

    On, Tarullo! on Bullard! on, Dudley and Rosengren!

    To the top of the Dow! to the top of the wall!

    Now dash away! dash away! dash away all!”

    As dry leaves that before the wild hurricane fly,

    When they meet with any obstacle, they print to the sky,

    So up to the house-top the coursers they flew,

    With the sleigh full of dollars, and St. Bernanke too.

    And then, in a twinkling, I heard on the roof

    The prancing and pawing of each little hoof.

    As I drew in my head, and was turning around,

    Down the chimney St. Ben came with a bound.

    He was dressed all in pinstripes, from his head to his foot,

    And his suit was all tarnished with liquidity and loot;

    A bundle of bond debt he had flung on his back,

    And he looked like a peddler just opening his pack.

    His eyes — how they twinkled! his dimples how merry!

    His cheeks were like roses, his nose like a cherry!

    His droll little mouth was drawn up like a bow,

    And the beard of his chin was as gray and white as the snow;

    The stump of a short he held tight in his teeth,

    And the poor shortie’s stench encircled his head like a wreath;

    He had a broad face and a little round belly,

    That shook, when he laughed like a bowlful of jelly.

    He was chubby and plump, a right jolly old elf,

    And I laughed when I saw him, in spite of myself;

    A wink of his eye and a twist of his head,

    Soon gave me to know I had nothing to dread;

    He spoke not a word, but went straight to his work,

    And filled all the stock-ings; then turned with a jerk,

    And laying his finger aside of his nose,

    And giving a nod, he snorted, and up the chimney he rose;

    He sprang to his sleigh, to his team gave a whistle,

    And away they all flew like the down of a thistle.

    But I heard him exclaim, ere he drove out of sight,

    “Happy Christmas to all, and to all have no VIX fright!”

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