Sunday, June 28, 2009
Saturday, June 27, 2009
The McClellan family of indicators gets a lot of mention there and I have seen them elsewhere. I've not seen all of these as an option on sites I've used before so I went to their site: http://www.mcoscillator.com/
It looks like too much information to me. In particular I note them calling for bullish moves in June 08 and Oct 08 that clearly did not materialize.
I wise man once wrote to me that "Only price pays".
Friday, June 26, 2009
I am perusing the recent posts in some online forums and find myself wanting to unleash a fly rant...
I see comments like "my gut", "I feel", "I think". Folks have ideas about the market that I disagree with based upon recent market action and TA 101.
At the top of the bull market, disbelievers like myself lost serious chump change, continuing to ignore market action based upon beliefs and listening to too many glowing whirly boxes.I have not participated in the bulk of the move off the lows, am kicking myself and trying to learn what happened, why I missed it, how I can note it next time. It don't matter what I believe/think/feel, what happened is BOOM! If I'd have caught some greater portion of that move with some amazing trading vehicles out there my life would be forever changed in financial term.
I like having all the mkt noise off.
From a technical analysis standpoint when viewing the SP500 chart, we had a low of 878.94 on 5/15. Our most recent low did not hit that. This can be viewed as a higher low. Our recent high of 956.23 is higher than previous high of 930.17. From what I've read this is bullish or how an uptrend works. Going down below 878 breaks this.
The fed recently began the process of closing 2 manners in which they could help lend money to big folks. I like this.
I am reading a book on market indicators and hope to add a few of these to my analysis of the markets.
Thursday, June 18, 2009
Wednesday, June 17, 2009
Observing others at work, in trading rooms and forums, I often suspect that people ask the wrong questions in life and trading. By this I mean they are looking too small, too little, not dreaming enough. Too many just want to get by, find an easy way, be spoon fed. While I know that my dreams and hopes are large, I wonder if seeing these characteristics in others is really just a reflection of myself.
I want to focus on the big things with big questions. What questions do I need to be asking for success in life and trading? I believe that asking the right questions leads us closer to the answer.
Monday, June 15, 2009
GMCR-hot stock. I only had options, instead of over $3 each I got like 20 cents, likely only paid for the trade. TNDM and LFT action had me scared, also got out Friday. This might still be okay to watch.
APWR-the one true winner, got maybe 20% on it in my wifes Roth, nice to have her ahead of my Roth for a change. This account now profitable YTD. Leaders action and my fear had me sell despite being a winner, earnings out 6/16, might be best to sit out earnings. I am continuing to follow and will by this one again if price and volume suggest it to me.
I'm glad I sold these and did not get ill today. I do not think this is a big break in market, leaving everything else where it is, kinda sticking with rules based trading.
My new young birds took first flight yesterday!
Thursday, June 4, 2009
I am grateful I've had things to do the past couple of days and have not spent the entire day in front of computer. My emotions have been running high. I am not sure what it means. But in the same manner that I was calm when some issues were down and slept well, I want the same to be true when stocks are doing well. Even when I was up >80% in late 2007 I was still in and out of the market a lot. If I'd just held some of the leaders I'd have done even better. While I love watching the bells and whistles all day long, I think I'd be better off fully engaged in life and watch things like Darvas.
Then again, I'd have to have the monitor on with full volume so my spouse could grab me when an alert popped!
Tuesday, June 2, 2009
401K 1: 11.8% YTD (all in)
401k 2: 7% (2/3 in)
annuity: 26% YTD
cash: Under water but improved
Goals at start of year were to double the last three accounts by year end.
Monday, June 1, 2009
2. General Motors shows their is no safe stock, no blue chip buy and hold. Evolve or else.
3. I've taken to looking at IBD newspaper graphs a little different. On page B1 of the Monday June 1, 2009 I am impressed with stocks number 4 and number 2 as evidenced by quick scans of the volume patterns. They were nothing and now are huge. We will see how this turns out, I own one of them and am watching the other.
4. Overseas indices are off the hook this am! MOMO is higher! Nobody is selling any longer. For the week ahead I am only watching earnings on SNDA 6/3. My yahoo economic calendar is much longer than normal, we shall see.
5. Click on post title (I think) for interesting link to trader site. Periodic updates and neat rules for uptrend observation. I've been following the new high new low list for a while in IBD and it has been a while since lows were greater than highs.
6. EBAY is tough to use and they continue to make it tougher, also I've heard of unhappy bulk sellers. I think it could go the way of AOL and be nearly useless. AOL always tried to rip me off at cancellation time, such crooked practices can't be sustainable.