Tuesday, October 30, 2007

Hello Fellow Readers! I will be taking a little break from Trading.

I have been trading for a while and can realize early signs of burnout. Maybe the combination or trading, blogging, wallstreak and three years without a vacation has finally got to me. I will take a little break and refresh the mental and physical battery. Hope everyone has enjoyed and learned something from this blog. Good Luck to ALL and Trade Well.


Monday, October 29, 2007

Futures are Down

I am gonna be buying this weakness.

Stocks to Watch for Tuesday: Breaking Out, Setting Up or Showing Strong Potential for Acceleration

Toying Around with a New Kind of Trade recently and Have been Getting Some Interesting Results.

I will talk more about it once i have tested it some more. Friday it gave a buy signal in VMW.
VMW took off today. For tmrw, i'll be watching CDS and EJ.

Divergence Trade Example

VMW Divergence trade

Earnings of High Interest This Week

Monday - SCHN, SOHU, Tuesday - MGM, PG, SIRI, TEVA, X, UA, CMG, WYNN. Wednesday - GRMN, MA, NEM, SGR, SMSI, SUN. Thursday -CROX, ERTS, ITRI, LDK, SYNA. Friday - CVX,

Specialists Win/Generalists Lose by Leavitt Bros.

Friday, October 26, 2007

Intra Day Setup Alert

QQQQ Need a Correction.

Fertilizer stocks have been in a stealth rally mode. These are the cleanest charts i have yet to see in this shitty market.

I must get in some of those. That'll be my focus today:

candlestick forum newsleter look at the mrkt

Thursday, October 25, 2007

Sorry: I need to RePost the Dave Landry Videos.

Where to Place your Stops:

How to manage your trades Part 1:

Part 2:


Intra day Alert

Hello Fellow Readers: Not Sure How Many Readers Actually Visit this Blog.

Dinosaur Trader has invited me to be a member of his Virtual Office where a few other traders post their daily PnLs. A fun way to keep track of our progress as traders. I am sure many of you are familiar with Dinosaur Trader, if not you need to check out his blog:

Also, if you are a bull and you visit his blog and you see "Lester, the Hairy-Nosed Wombat of Stock Market Volatility" then you know that you are probably having a bad day.

Thanks DT for inviting me to a member of the Virtual Office(VO). If anybody wishes to join the VO, please contact DinosaurTrader.

Dave Landry: How to manage your Trades

Dave Landry: Where to Place Stops

Wednesday, October 24, 2007

SPX setting up in very bullish fashion but it needs one more small dip before before it gathers serious STEAM!

Words of Super Trader Alan Farley

red Don't ignore your intuition - Respect the little voice that tells you what to do, and what to avoid. That's the voice of the winner trying to get into your thick head.

RSI and MACD called a perfect bottom in the XBD and triggered an awesome trade in GS for those that took it.

RSI and MACD Signal Market Bottom Again.

Study this relationship and get to know it. It called the bottom perfectly today.

Intra Day Alert

Brokers look to nearing a bottom and expect some kind of turnaround today.

Tuesday, October 23, 2007

Gonna Focus on the Strongest Stocks

Same old Suspects...

Nasdaq Is King of the Jungle Right Now

Here's why i am going to buy tmrw's weakness... One more drop would setup a head and shoulder pattern and a break to new highs later this week.

The Futures Are Down b/c of AMZN and some other Earnings Misses but

I am going to buy this dip as it might be the only dip i am going to get to buy strong stocks on discount.

Monday, October 22, 2007

Stocks to Watch

Resistance Levels to Watch on the Nasdaq

My Strategy/Performnce Today

My strategy for today was to day trade smaller shares and book profits very quickly and exactly what happened. I am very happy with today's trading performance. I like trading smaller share size, it makes me less emotional. Even while the DRYS was going against me, i kept my cool because the position sizing was small and i didn't panic sell. I definitely need to incorporate more of that into my trading. Trading smaller share size and riding out bigger moves.
I could have been a little more patient with my DRYS and JASO trades and squeezed a lot more out of them but overall i am happy with my trades and as long as i make $2000 a day i am happy. Today i booked about $2,900.

Sunday, October 21, 2007

OCTOBER reputation lives up again: The Rules of the game are changing: Strategy for Monday and next week

The new rules:

1. No overnight holds. The increased volatility (and overnight gaps) will put the advantage in day trading rather than swing trading.

2. I will look to get bullish for intra day trading in severally oversold stocks if the markets gaps DOWN HARD.

3. If the markets gap UP HARD, then i will avoid bullish exposure and look for signs of exhaustion and rollover and get short. Will be looking to short stocks that appear to be squeezed in a parabolic fashion(SS type trades).

4. Book profits/losses very quickly.

Friday's Corrections Marks the begnning of a 'Cup' in a long term Cup and Handle formation on the SPX.

I have been expecting the markets to start a 'nasty' correction that will help setup the "cup" in a cup and handle pattern that should/could propel the SPX into new all time highs once complete.

Thursday, October 18, 2007

Market Updates

The Guys' Rules

The Guys' Rules­­­­­­­­­­­­­­­­­­­
At last a guy has taken the time to write this all down
Finally , the guys' side of the story.
I must admit, it's pretty good.)
We always hear
" the rules"
From the female side.

Now here are the rules from the male side.
These are our rules!
Please note... these are all numbered "1"
1. Men are NOT mind readers.

1. Learn to work the toilet seat.
You're a big girl. If it's up, put it down.
We need it up, you need it down.
You don't hear us complaining about you leaving it down.

1. Sunday sports. It's like the full moon
or the changing of the tides.
Let it be.

1. Shopping is NOT a sport.
And no, we are never going to think of it that way.

1. Crying is blackmail.

1. Ask for what you want.
Let us be clear on this one:
Subtle hints do not work!
Strong hints do not work!
Obvious hints do not work!
Just say it!

1. Yes and No are perfectly acceptable answers to almost every question.

1. Come to us with a problem
only if you want help solving it. That's what we do.
Sympathy is what your girlfriends are for.

1. A headache that lasts for 17 months is a
Problem. See a doctor.

1. Anything we said 6 months ago is inadmissible in an argument.
In fact, all comments become null and void after 7 Days.

1. If you won't dress like the Victoria's Secret girls,
don't Expect us to act like soap opera guys.

1. If you think you're fat, you probably are.
Don't ask us .

1. If something we said can be interpreted two ways and one of them makes you sad or angry, then we meant the
other one

1. You can either ask us to do something
Or tell us how you want it done.
Not both.
If you already know best how to do it, just do it yourself.

1. Whenever possible, Please say whatever you have to say duri ng commercials.

1. Christopher Columbus did
NOT need directions and neither do we.

1. ALL men see in only 16 colors, like Windows default settings.
Peach, for example, is a fruit, not
A color. P umpkin is also a fruit. We have no idea what mauve is.

1. If it itches, it
will be scratched.
We do that.

1. If we ask what is wrong and you say "nothing," We will act like nothing's wrong.
We know you are lying, but it is just not worth the hassle, besides we know you will bring it up again later.

1. If you ask a question you don't want an answer to,! Expect an answer you don't want to hear.

1. When we have to go somewhere, absolutely anything you wear is fine...
Really .

1. Don't ask us what we're thinking about unless you are prepared t o discuss such topics as baseball, the shotgun formation,

1. You have enough clothes.

1. You have too many shoes.

1. I am in shape.
Round IS a shape!

1. Thank you for reading this.
Yes , I know, I have to sleep on the couch tonight;

But did you know men really don't mind that? It's like camping.

Pass this to as many men as you can -
to give them a laugh.

Pass this to as many women as you can - to give them a bigger laugh

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