Important insights from one of our workshop participants this week: a ton of good learning inside these ideas Our initial stop placement reflects the information available when our trade is initiated. Any price action after the trade provides additional information and can be used to update the stop placement. An example is the use of […]
Month: May 2011
defining critical price levels for any trading target
Price levels you should know for any target in your asset allocation strategy Minimum mandatory exposure Minimum price level indicating RS momentum advantage Limit of Maximum rational outperformance Maximum outperformance in the lookback period Maximum outperformance since the target began trading Your estimate for next new high? Related articles Price-level targeting: no chance (ftalphaville.ft.com) Wholesale Price […]
pre-market call on silver
the overnight session in precious metals was strong, and given the “maxpain” and oversold condition of silver, we ar prepared for an upward-trending momentum day in silver. An intraday move of 7% in silver is normal these days (between low of the day and high of the day) which translates to a move greater than […]
1st hour statistics for high of the day & low of the day
some analysis in our chatroom today examined hundreds of symbols (ETFs and large cap stocks) that make their high of the day or low of the day in the first hour of trading. To our surprise there are a considerable number who’s probability of an early high or low of the day is greater than […]
weekly themes: defensive sectors, consumer staples
all of the globsal indices are testing double bottoms, while all 4 iof the main US indices are stronger the lack of multiple day follow thru has really favored individual companies at the expense of indices Clear winners have been old boring stocks like: JNJ, KFT, MCD, WMT with INTC in the techs showing real […]
charts of interest link
http://www.youtube.com/watch?v=sSJIZMLbD6s charts of interest link
daily report review link
http://www.youtube.com/watch?v=ZHnn5XepgDw daily report review link
weekend report review link
http://www.youtube.com/watch?v=pfeWwGCytLs weekend report review link
Continuous learning is continuous improvement
Andrew Lo notes that beating the market does not come easy, nor is it something that is easy to maintain. Lo likens the pursuit of above-average returns to that of a company trying to maintain its competitive advantage. After introducing a hot new product, a company cannot just sit back and wait for the money […]
weekend review May 15, 2011
Market in Bull Normal; Market is neutral on a short term basis Equities were sideways all week, digesting last week’s gains, with a slight advantage to the US and its defensive sectors Commodities experienced more weakness this week, with silver remaining highly volatile Rebalancingproject: Monthly rebalancing : next re-evaluation on/about 1 June 331 is holding […]