There are simple philosophies in trading that can assist any market observer to better gauge the financial markets.
Last week I zoomed out of the muddled daily technical picture and looked at the weekly charts. Since this past week of trading was more or less nonsense in terms of technical developments, I decided to push out even further and look at the monthly charts to see if they are confirming the bullish picture [...]
1. 5 DISCIPLINARY MEASURES THAT WILL MAKE YOU THE KING-KONG OF TRADING 2. WHAT I LEARNED ABOUT THE MARKETS FROM THE MILLIONAIRE MASSEUSE AND THOUSANDS OF RETAIL INVESTORS 3. LINKEDIN: A DREAM FOR BULLS, CONTRARIANS AND ANYBODY WHO BELIEVES IN WALL STREET
I have reentered GSIG at an average price of 11.95. I have a long history with this company. I bought them when they were still in bankruptcy and court in an effort to preserve shareholder value. I originally got into the position at $2.55 during the first quarter of 2010. I sold it in the [...]
Those experiences created the contrarian mentality that is at the core of my trading strategy today.
It’s much the same in speculation. If you think too much, you die.
LNKD is the new poster boy for a demonstration of the psychological mouse trap in real time.
Sometimes it is good to zoom out and look at things on a longer-term perspective. That becomes especially true after confusing, choppy weeks like we experienced with this one that just passed. I decided to zoom out and look at the weekly charts. It clarified a lot of things: click on charts below to enlarge
One of the greatest opportunities lies right here, within the borders of the United States.
1. HOW YOU CAN PROFIT FROM REALIZING THAT THE MARKET HATES YOU 2. LINKEDIN MAY HAVE STRONGER LEGS THAN YOU THINK 3. OPTIONS EXPIRATION WEEK WILL MAKE AN OLD MAN OUT OF YOU
This article also featured on TheStreet.com & Fidelity I was in the middle of writing the numerous reasons why LNKD was doomed from the outset of its NYSE listing. Visions of investors driving off a cliff in pursuit of the first big social networking play kept repeating in my mind. Then I started paying attention [...]
- The IPO of LNKD – Linkedin is going to hurt some investors. There are lots of comparisons to Google taking place. Not so much on a fundamental or corporate level, but rather on the basis of potential for profit and opportunity. The fact of the matter is that Google’s IPO came against a psychological [...]
Anytime you have an expiration week you have a myriad of interests converging upon the financial markets.
click on chart below to enlarge
click on chart below to enlarge
The greatest bull markets of our time have risen from points where hate and mistrust of everything Wall Street was at its greatest.
1. 3 INVESTMENT OPPORTUNITIES WITH EXPLOSIVE CATALYSTS 2. RESPECT, EMOTION, CATALYSTS AND TOILET SERVICES 3. INFLATION TRADE: GOLD AT 3,500 AND THE NASDAQ AT 4,000. WHY NOT?
PSTR is one of the larger holdings on the portfolios I manage. They released earnings yesterday after the close. Without getting into abundant detail about earnings (not my style anyways) they were wonderfully mediocre. To be wonderfully mediocre is a celebration of mediocrity. PSTR management I’m sure pulled out the streamers, party hats and red [...]
Took an initial long position in SWSH at 5.59 for a short-term trade. Reverse of a pump and dump is occurring here. We’ll call it bash and trash. In this case, short sellers have lined up to profit from overvaluation, corruption and a bevy of other perceived ills. I am not making a bet on [...]
The majority of the trend, including the process of forming a bottom and a top, are driven by human emotion.
Days like today should serve as encouragement to anyone with bullish aspirations that go beyond next week. Days like today tell us that the inflation trade is alive and well. Commodity prices and equity prices are bosom buddies. And as long as this remains a recurring theme in the marketplace, the bulls will continue to [...]
I have gotten some questions about my intermediate term system of trading stocks. The next signal I get using the system I will post as a trade update. It is basically a system that triggers off of range expansions with some volume filters. There are also a couple of fundamental considerations taken into account. Not [...]
It has been awhile since I saw anything that look appealing enough to present as a short-term trade on “The Gun”. Tonight we have a leveraged ETF to help you grow some hair on your chest. And we have a comparatively tame NYSE listed name for those who want to remain hairless. Both present their [...]
Catalysts can come in the form of macro influences, restructurings, shareholder activism and management changes just to name a few.
1. NAVY SEALS AND MARKET TOPS 2. 3 THINGS YOU MUST MASTER BEFORE YOU CAN MAKE YOUR FIRST $25 MILLION TRADING THE MARKETS 3. CLASH OF THE TITANS: BULLISH AND BEARISH INDICATORS EATING EACH OTHER ALIVE
Wall Street in 2011 is not a diverse environment of unique thinkers and a multitude of strategies.
Three charts is all we need tonight: click on the charts below to enlarge
1994 I was fresh out of high school. I met with a friend who showed me option chains on different stocks. He showed me that if I put $500 into a call on a stock, it could potentially turn into $2000. He went on and on. I ate it all up. The next day I [...]
What is happening today is the equivalent of a Navy Seal knocking on the door and asking if he needs to take off his shoes before entering the premises.
And if you have the need to get rich immediately then you will be poor imminently.
I’m torn to be honest. I have numerous sentiment indicators flashing sell. Yet what I’m seeing technically tells me there may be more upside ahead. It’s a clash of the titans of market analysis. I think it’s best to stand back and allow them to work out their differences. So instead of doing my analysis [...]
