We talk about the easy money constantly in this blog. Yesterday offered some great easy money opportunities that you have to be able to capitalize on. The first situation is the 47.50 level in RIMM. Bella discussed this level the other day in his blog post, and how a great amount of volume went off at that level. Yesterday RIMM … Read More
A Couple of Interesting Things
I haven’t posted in a while. I have been focusing on my trading. I’ll probably post something later this week. But there were a few really interesting articles I’ve seen recently. Links are provided below: Dow could see 4,000 soon. Media market timing is great. Earnings are cyclical. Twenty five top financial blogs.
Things I Liked About Last Week’s Market Action
Volume stayed pretty consistent. The lowest volume day we experienced was on Monday, which was the sell off to the bottom of the range (82). Market rallied on bad economic news. After an initial sell off right to support, momentum began to build towards the upside. And we closed at the top of the range (88). We closed above the … Read More
Some Things I’ve Been Reading This Week
Monthly jobs number not that bad. Bond yields at lows. How low can things go? A few market anomalies.
My Case For A Market Bottom
I think Thursday may have been the lows we may see this bear market. Obviously, nothing is 100%, but I’m seeing things that have made me feel a little safe to start getting long at these levels. And if we break these lows, I really don’t know where support is. But I think the risk/reward is worth getting long at … Read More
Answering A Couple of Questions
Stock Selection: Over the last few weeks I’ve been sticking mostly to trading AAPL, SPY, and almost any financial that i felt comfortable trading. Stocks that I have also been looking are S&P 500 stocks trading near 52 week lows. I’ve been focusing on trading them on the short side, since I want to short the weakest stocks in a … Read More
Weekend Preparation
The past few weekends, I’ve been coming into the office to prepare for the next week of trading. Generally I do this at home, but when I need to get a lot of work done, I’ll come into the office to do it. Since I feel like we’re at a turning point in the market, I’ve been doing some more … Read More
Live to See Another Day
There’s one thing that Bella always says: The trading day doesn’t end until 4PM. That’s especially true with markets like the one we’re currently in.On Friday, I was having a very rough day. What was even more frustrating was that I was underperforming. I could not believe that the type of day I had envisioned months ago was the day … Read More