Today is yet another example of why I remain in cash. As a swing/trend trader, is it very likely that I will make money on this kind of tape? Down, down, down and then rocket ship up. If your timeframe is in hours (assuming you are skilled at these kinds of trades), perhaps you [...]
It appears some sort of short selling rule is in the works. I personally find it offensive and most Americans should as well. I guarantee that the regulation will be all window dressing and no substance.
The old men in Washington don’t understand that a lot of Americans are no longer getting their news through [...]
IWM
SPY
It is a tale of two stock markets. SPY is sitting on its 50 DMA and at horizontal resistance put in my place back in November. Meanwhile, if you bought IWM in November you would be up about 10%. That is quite a differential. Might we get some mean reversion and see SPY [...]
When you review the moving average table below and compare it against the table I prepared two weeks ago, we can objectively see that the market is in a healthier state (assuming you believe in following MAs). The major averages are trading at their 50 DMA and some upward momentum this week would put price [...]
Since I went to cash the last week of January, I’ve been writing about staying out of the market until we get a dominant trend. I’ve forecasted whipsaw and did not believe I had any kind of edge to trade the market in its current state. I’ve speculated that the shorts that made money on [...]
Continue reading about Steven Cohen or Trader A?; Lessons Learned From Tim Knight
I’ve been tracking high profile defaults for a while now. Especially within the hospitality industry.
Clicking on the tag CRE will bring up older posts on the subject. Lisa Fickenscher of Crain’s New York has an article regarding the potential sale of the hotel. Lodging Hospitality infers that it is being sold because it is [...]
Continue reading about CRE: Four Seasons New York In Distress
When I read the news, I’m generally hearing good things. I hear about unemployment stabilizing. I hear about the housing market bottoming. Profits from major companies are beating expectations. China is reported to be much closer to overheating than falling into a recession. Anecdotally, I’ve even seen a few commercial buildings break ground.
I find it [...]
The United States has been going through one of the coldest winters with snow falling in all states other than Hawaii. Yet, UNG and NG futures continue to fall. I’m quite the novice with respect to the fundamentals driving natural gas, but I would think that by any measure this winter should have been [...]
The SPY chart above is similar to many of the other major indexes. The average is parked just below the 50 DMA. There was the 10% move down in January if you timed the market perfectly, but much of that has been erased in February. SPY closed at $111.34 on 12/31/2009. Yesterday the market [...]
I’ve mentioned previously that I’m hoping for a rising market in 2010. I’m ready to play both sides, but a rising market will almost undoubtedly be easier to trade; moreover, I’m close to jumping back into the market on the long side (and if I wasn’t away on vacation I might already be in). [...]
