Trading thoughts, ideas, tips, musings, and pontifications. . .not necessarily in that order.
Outside projects have kept me away from the trading desk the last week, but I always keep an eye on the markets and review them every evening. And boy did the FOMC ever grease the wheels today! What a launch into the stratosphere! I’m betting a little downturn is imminent. I’ve got no money on this sentiment so do your due diligence!
With bullish China, bearish earnings and a shortened option expiration week, this should be some ride. Feeling kinda toppy here though. As it’s OpEx, I’m probably watching more than trading….and I’m hoping to see more volume and more volatility. Happy Trading!
It’s amazing that on a day like today, 171 stocks closed at their all-time highs! Man…that looks bullish. Of course, when it “looks” bullish is the best time for bears to throw us into reality. 34 stocks closed at all-time lows. Still looks like the bulls are in control.
And that close on Friday was proof! There’s something happening here….
Except for the big gap up on the first trading day of 2012, it’s been a pretty narrow range for the week and even narrower ranges for each day. Slow trading on low volume Boring!
Need to get some volatility in here to get the blood pumping! 
It was my first losing day this year. I shouldn’t have tried….low volume, narrow range, choppy market. Oh well, learn from my mistakes.
AA had a losing quarter which may not go so well on Tuesday…after such a good day on Monday…before the report.
There’s still a lot of momentum for the bulls, so let’s see if they can follow through.
Happy New Year and Welcome Back My Friends to the Show that Never Ends! It was an exciting day….starting off with a clean slate, we were all at the same starting point. But from there it all began to change.
Big gap up open was hard to hold on to….the Dow made a 5-month high and the S&P retreated a bit at the close, closing below its open. 
But still green all around.
According to the Stock Trader’s Almanac, The Dow has been up 13 of the last 18 years on the second trading day of the year. That will give us some follow through on today’s action. Could we be setting up for a bull run year? If the first 5 days of January are net positive, then there is 87% probability of 2012 being positive.
It’s the first day of a new year, and endless opportunities await us! Happy Trading!
Well the last trading day of the year has arrived. Not much action today. But, it’s time to look through your trading notebook/diary, review your winners and your losers, and make plans for the trading new year.
How did you do? It was a winning year for me, but I’ve got a lot to analyze. I moved to trading just index futures and dropped equities and options….seems to have 
helped my bottom line. But I’ll know better after reviewing the entire year and printing out my spreadsheets and graphs and year-end data. It will help with income taxes in a few months.
Here’s a few things to ponder over the weekend: According to the Stock Trader’s Almanac, Small caps punished first trading day of the year. RUT down 14 of last 22, but up last 3. But, Second trading day of the year, Dow up 13 of last 18. Plan accordingly. Happy New Year ladies and gentlemen. Be safe!
Whoever is still on the trading floor, will be leaving early today…or taking a very long lunch and coming back to the floor feeling very happy. So follow their lead and take that last trade amd go finish up that last minute Christmas shopping!
Wishing you a holiday filled with happy memories, a home filled with special friends, and a heart filled with love! Have a Merry Merry!!
Low volume and not much action. I’d say Friday will be much of the same. Maybe that’s a message to step away from the keyboard and enjoy the season.
For a week the markets made their highs of the day in the first hour after the open….or at the open. On Tuesday new highs were made all day long! Santa Claus has come to town!
We’ve got some news coming up over the next few days before Christmas pertaining to Home Sales and GDP. But according to the season, this should be a good time for the last 2 weeks of the year.
| INDU | 0.00 | |||||||
| NASDAQ | 2905.66 | |||||||
| S&P 500 | 1344.90 | |||||||
| ^RUT | 831.11 | |||||||
| QID | 36.382 | |||||||
| QQQ | 62.05 | |||||||
| QLD | 100.36 | |||||||
| TZA | 18.3401 | |||||||
| SSO | 53.15 | |||||||
| SDS | 16.758 | |||||||
| BGZ | 23.5037 | |||||||
| BGU | 75.50 | |||||||
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
Looking to find out about covered calls?
How about training TV?
