Here is a snapshot of one of our bread and butter intraday trading techniques: the “Snapping Turtle” technique which in Coca Cola (symbol: KO) turned in another reliable trade as the market melted up today. Chart 1 reflects the situation at the moment of entry. Our analysis suggested that if price were to move thru […]
Tag: market
Profitable ETF Trading Techniques; 10 qualities of a good Mastermind group
What can a mastermind do for you? Why should this be part of your trading practice? What are the qualities of a good mastermind? Trading can be a very lonely profession particularly with online trading through a deep discount broker. At the same time trading places tremendous psychological pressures on you to win or at […]
The market is in a Washout pattern here
the entire mkt is in a Washout Pattern (WO) pattern here meaning: there is reason to buy the mechanical entry a nickel above the hi of today there is reason to buy evidence of momentum prior to the mechanical entry in order to front run it, so that u can get a better average price […]
Market reflections January 24, 2009
1. The teaching is good in our new state-of-the-art college building at Fort Leavenworth. Everyday as I walk to the new building I go past the old building which is being demolished. I’ve been watching the wrecking ball taking apart beautiful building and I can’t help but noticing how quickly the heavy ball takes apart […]
Interesting twist to prop up markets
Congress and President Bush signed legislation that suspends the rule requiring retirees over 70 ½ to take withdrawals (RMDs) from tax-deferred retirement accounts, such as traditional IRAs and 401(k)s. This suspension currently lasts for one year, 2009. The intention is to give retirement accounts time to rebound from the difficult economy/market conditions. Please note that you […]
Almost 1T in state pension shortfalls
Observed earlier that 5 large states were requesting 1T from Obama for combined medicare and pension shortfalls; Its now up to almost 1T just for the state employee pension funds alone, to say nothing of the medicare costs of an aging population determined to give voice to its feelings of entitlements. I can almost hear […]
Borrow more to get out of debt: all it lacks is an 800 number and an infomercial
In a sequence of CSPAN broadcasts, Washington insiders expressed their shock—Shock! at the state of the budget disaster in Congress. Senator Conrad, has suddenly discovered just how deep the debt hole that Congressional spending, aided and abetted by an unprincipled administration, has put our children in. Because its our children thathave inherited the mess these […]
Profitable ETF Trading Strategies: Sector Contrarian
There is a new conventional wisdom beginning to emerge from the stock market these days and it says that there’s no way you can make money in a bear market unless you have the good fortune to be an expert market timer and bet against the recovery of the broad market. While it is true […]
Efficient markets: Being vs Becoming
There is a world of difference, all you need really, in the difference between these 2 statements: the market IS efficient and the market becomes efficient. It’s the difference between a state of being and a state of becoming (a state of action). A market moving towards efficient price levels is a market in motion, […]
Framing the market condition to support trades in either direction
There is ample evidence to support both long and short side here. Follow the logic to see why i am very willing here to be long intraday, but am prepared to quickly reverse and go short on evidence of resumption of weakness. I believe this kind of market outlook will allow you to trade with […]