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It’s Not Enough to Beat the Indexes
This past weekend I got together with a trading buddy and we were talking performance. Like many are apt to do, he excused average performance with the “but I beat the indexes” cliche. That is one of my biggest pet peeves. The idea that I could be down three percent…
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Sector Review
Here are the top performing sectors last week. There isn’t much that has me excited here. Most of them were bounces from some of the worst industries over the past few months, like mortgage, cement and building materials. One sector I do like is Ag Chemicals.
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Video Webcast: Analyzing Focus List Stocks
In today’s video webcast, I analyze the following stocks from my focus list: FSLR, SLT, FCX, DE, RIO, MOS, RIG and TOL. http://flash.revver.com/player/1.0/player.swf?mediaId=504703&affiliateId=93676
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Housekeeping
Some housekeeping is in order: I’d like to give a big thanks to everybody who has e-mailed with messages of support since my last post. It’s nice to know my work here is appreciated. Don’t worry guys. I realize that the negative e-mails only represent a small, yet vocal, minority.…
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Ain’t No Glass Chin Here
I’m taking it on the chin today. Not only from the market, but readers as well. It’s comforting to know that I can bring so much joy to so many of you. It seems some of you derive a lot of pleasure from my pain. I guess that comes with…
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My AAPL Stop
I’ve been asked by a few people what my thoughts are on my AAPL short. Of course, I wish I had covered when I had a 5 point gain. I entered short at $176.08 and it is currently at $179. My stop is set at $181.
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Trade Analysis via Video Webcast
Last night I created a video highlighting a few of my trades (MA, AAPL, GOOG, NOV). I had problems uploading, so the post is a little late. I have already taken profits in the NOV short. http://flash.revver.com/player/1.0/player.swf?mediaId=500455&affiliateId=93676 Yesterday’s trades:As noted in yesterday’s video, I went into the week with my…
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Today’s Trades: QID, NOV, AAPL, MA,TOL
As noted in yesterday’s video, I went into the week with my bear hat on. I don’t trust this market. Price action has been horrid of late. It’s not just the distribution days, but the nature of the subsequent consolidation. Every attempt at a bounce has been met by quick…
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Focus List Video: QID
At the top of my focus list is QID, which is an ETF that is a leveraged Nasdaq short. Take a look at today’s video to see how I plan to trade it. http://flash.revver.com/player/1.0/player.swf?mediaId=498261&affiliateId=93676 http://revver.com/watch/498261/flv/affiliate/93676/qid-stock-trade-setup-11-25-07/
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Invest Like a Shark
I am currently reading Invest Like a Shark by James DePorre. For those who don’t know, Deporre, otherwise know as Rev Shark, lost his hearing, job and wife before starting to trade with a $30,000 stake and turning it into millions. Thus far there isn’t much that I already don’t…
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Thin Trading Makes for a Slow Day
As expected, we are seeing light post holiday volume and a small bounce. I used the bounce to exit the remaining shares of XOM at $88.25 (entry at $84.20). If we continue to bounce on low volume next week, it might be an opportune time to unleash a few shorts…
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Odds and Ins
I am not doing much trading today. Just managing my positions. BCSI was on my radar after the breakout, but the gap down today concerned me. Don’t forget, I’ll be posting answers to your questions later this week. Ask me anything. Send your questions to: SinghJD1@aol.com I’m going to spend…
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Market Notes: Indecision
Talk about your emotional swings. I laughed, I cried, and in the end I am merely content. Both the S & P 500 and the Naz closed up slightly after a wild day that saw both bulls and bears doing the profit dance. Take a look at this chart of…
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Taking Partial Profits
I’ve spent most of my day off today managing my positions and doing some light reading. I sold half my MA postition at $186.77 (entry at $181.04) and am holding the rest, wich is currently around $179–yikes!. I sold half of QLD at $102.06 (entry at $99.63) and half of…
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Panic Overwhelms the Market
Well my friends, panic seems to have set in. I sense there is something different about today’s decline. Over the past couple of weeks, dips have been met by underlying strength, and the general mood was that they were to be bought. No fear whatsoever. That’s not the case today.…
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Quicke Trade Update
Quick note that I am long MA ($181.04) and QLD, leveraged long Nasdaq ($99.63) and closed out QID, leveraged short Nasdaq ($40.80). I am using weakness today in anticipation of a bounce based on oversold conditions and the holiday tendencies. I picked MA because it has held up well at…
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Sector Review: Where Have the Momentum Sectors Gone?
As usual, I went over the this past week’s top and bottom peforming sectors. Most of the sectors that performed well do not look good as longs. This is not a good sign for the market. At best, it signals new leaders are emerging. Worst case scenario is that most…
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Q & A Session
Taking a que from Charles Kirk, I am going to entertain questions on any topic that is stock, trading psychology, time management, sports or entertainment related. Basically, stuff I’ve blogged about or that is on your mind. You can send your questions to SinghJD1@aol.com. The best question will receive a…
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Another Long Setup: IVGN
Another one of the few longs on my watchlist. IVGN is a biotech company that has held it’s breakout point and acted well during market weakness. This is not a buy recommendation and I have yet to take a position.