Attention all short term traders! Stop with the stupid short trades in LVS! If a stock is in an uptrend in every conceivable time frame you need to spend your energy thinking about how to get long. It is asinine to think that every time you see some weakness on the tape or it has one negative day that this is the … Read More
Time To Pay For That Expensive Handbag
COH was one of the best trading opportunities last week. It is set up very nicely for another leg higher. The trigger buy is above 50.25. Add to the position if holding above 50.80. If this trade works you should be able to afford that dopey handbag your significant other has been bugging you to buy for her.
Subliminal Messages
I watched a lot of tv in the 1970s. One of the themes that I found woven throughout various movies and tv series was the idea that “subliminal messages” could be delivered through the very rapid delivery of images through tv screens. I have no idea if this concept has any basis in fact. But the thought occurred to me … Read More
Why I Lost Money In GS: Part Deux
I noticed that the first blog I wrote on GS from a few days ago received a few comments/questions. Let me share a bit more of my analysis on why I was interested in trading GS the day following earnings and specifically how I selected possible entry points for trades. GS is one of the most difficult market leaders to … Read More
Why I Lost Money In GS
Yesterday I traded GS. It was a second day play following their earnings release on Tuesday. GS has been showing signs of life recently, and after observing Tuesday’s price action I was fairly confident it could trade up to 160. And perhaps over the next two weeks up to 170. We discussed GS in the AM Meeting and I clearly … Read More
A Missed Opportunity
A quick note on an error I made this morning in our AM Meeting. We begin the meeting with an overview of the market and then discuss stocks with fresh news. During earnings season there are a ton of stocks with fresh news so I try to limit it to five names. Stock number six on my list was MMR. … Read More
Back From Vegas
Gman, myself and Bella are back from Vegas. Fun time with Q, Alphatrends and a bunch of traders from the Tickerville community. I broke my “no gambling” rule by throwing down $20 on the roulette table at the end of the night. But that was balanced out by the $250 in chips Gman found on the seat of the limo. … Read More
Don’t Make That Mistake!
When a very strong stock fails to make a new high after consolidation some traders are on the prowl to establish a short position. Don’t make that mistake! Let me first define what I mean by a “very strong” stock. A very strong stock is a stock that is trending up for the day and is in an uptrend in … Read More