Momentum can be played on both sides of the market. When money is flowing and running hot the upside gains are delicious, but when money is flowing out then the rewards for playing downside can be just as tasty. We play in a market ruled by liquidity and given the trillions of capital thrown at…
Details
What we’ve been hearing and reading in the media about the debt crisis may only be partially correct. However, the panic activity that is been considered with extreme measures is utter nonsense. I don’t want to belittle the crisis – it is certainly a game-changer – but it is something that has been building for…
Details
COMMENTARY There is no way to put any positive spin on this past week. Ever the optimist, I truly had faith that our government were going to get this whole mess settled before the drop dead date of August 2. WHAT WAS I THINKING? And no, I was not under the influence of illegal chemicals…
Details
I really hate to get all political here, but it’s unavoidable. I screamed out today, ‘CONGRESS, GET OUT OF MY MARKET!’ Felt a little good to scream it, and I scared the dog enough to make him leave the room…but five minutes later realized nothing had changed. It seems this drag and slow bleed is…
Details
Waiting is sooooo BORING, isn’t it? Whether you are waiting in line at the bank, at an amusement park or stuck in traffic. It’s the biggest waste of time. What goes through our minds? ‘Get me there fast, I don’t want anymore delays’. But the more we push the less chance to really enjoy an…
DetailsMarkets had a standout performance this week, shaking off the recent negativity from Washington and other places. This market is all about earnings – and we need not look any further than that to explain an up 2-3% week. From Apple, to IBM, from Morgan Stanley to GE – there were positive reports across the…
DetailsThe title is really descriptive of what traders think about themselves after posting a loss. After all, the future is uncertain – will you ever post another winner again? That is a rhetorical question of course, because we cannot predict the future. But if you plan well, do your due diligence, study, focus and make…
Details
Commentary – 07.19.11 Strong day here on good volume and solid breadth after yesterday’s smashing. Given the short term oversold signal it seemed the markets were ready to rumble higher and indeed that’s what we had. Buoyed by good earnings from IBM, tech was the star of the day while poor earnings from GS and…
Details
With the second half in the rear view mirror there is so much to look forward to as we attack the rest of 2011. I certainly hope we have less chills and thrills in the back half of the year – maybe just a bit off settling down with a bit more stability. So as…
Details
After last night’s blowout earnings from Google and buyout of HK from BHP it seemed the bulls had the wind at their backs for a smooth finish to the week. Alas, we cannot forget the shenanigans going on in Europe (bank stress tests) and Washington (budget and debt) that tend to spread poison across every…
Details