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 […]
Tag: Business
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 […]
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 […]
a good friend of mine interviewed me for his trading web site…
Describe your style of trading (short / medium / long term, trending / contra trend, what instruments….) I would describe myself as a trader in a combination of short-term and medium-term time frames. In my short term trading I would classify myself as intraday with willingness to hold overnight if circumstances warrant it. My medium-term […]
May 09, 2011: closing call Staying long Silver
the maxpain range compression startegy paid off; we saw a nice gap up at the open, and buying pressure all day in the indices and in silver especially. AGQ (2x silver) returned 14%+ , day over day, and offered a number of low risk intraday entries Oil, agriculture, and other selected commodities had their 2d […]
Premarket call May 08, 2011: all the precious metals up in the overnight trade
building on Friday’s momentum (or putting in the first peg of support) all the precious metals are up in the overnight trade; silver is in a perfect “max pain range compression” stage here, ready to break out of Friday’s relatively tight range in either direction with advantage Related articles Here’s What That Huge Commodity Fund […]
daily trading plan review link May 08, 2011
daily trading plan review link http://www.youtube.com/watch?v=ukYimU8A99U opportunities developing tactically in precious metals, energy, commodities on their significant pullbacks. Stable boring Dow stocks like KFT, JNJ, PFE, WMT cotninue to outperform Related articles Gold Bullion International to Demonstrate its Automated Precious Metals Trading and Storage Platform at FinovateSpring 2011 (prweb.com) Daily ETF Roundup: GDX Continues Slide, VXX […]
May 07, 2011: silver pauses in its downward slide
silver finds a temporary support level after a nearly 4 sigma selloff in 5 days. the slight recovery.holding of support allowed for a reasonable intraday trade to the longside, but Monday’s trade should be especially interesting. Failure below yesterday’s low will be an autotrade in ZSL, but a breakout above today’s High will be a […]