Archive for the 'Trading' Category

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Rolling over into the Greece

Published on March 8, 2012, 8:53 pm in Trading. Closed Tags: , , .

Time to rollover into the June contracts for the futures….The CME Group provides some Rollover Dates information. Sure you can continue to trade the March contracts until next Friday, but volume should move over to June in the next day or two. I’ll be finishing up with the March contracts tomorrow and start June trading on Monday.

Jobless claims moved up and slowed the market down a bit, but rumors of some nice things happening in Greece made the markets happy. Still don’t understand that. Supposedly we’ll get a final decision on Greece Friday so the markets will take off…or will traders sell the news?

I have noticed that the up days have been on lower volume than the down days. So there is a lot more interest in selling than buying…either way, volume isn’t much to excite anyone.

Markets take a dump

Published on March 6, 2012, 6:58 pm in Opinions and Trading. Closed Tags: , , .
Risk on the upswing as stocks on a downswing

This constipated market finally let loose today as it went down from the start of the futures open Monday night. When it was all said and done though, it sorta felt good. It was needed.

Now I guess a bounce may happen…but are we done with the pullback. I think not. Another test of the highs could happen, but I think the markets still need to clean out a bit. (yuk! How did I come up with this analogy?)

Greece is still the ugly stool that won’t go away. After three years you would think traders would have had enough of this bass ackwards economy. Risk moves up the line and traders getting edgy again. And when thay are edgy they trade…volume almost double yesterday’s ES contract volume. Mad rush to the exits! :mrgreen:

Topped and Tapped Out?

Published on February 29, 2012, 8:20 pm in Trading. Closed Tags: , , .

Looking like the trek to the top has been accomplished and now we’re on our way down off the mountain. It’s been a month-long topping process, but the bulls can’t hold it any longer…I think.

Also looks like the Nasdaq led the way down…at least today. And even after some good news in Europe, then good GDP report and a better than expected Chicago PMI. If the bulls can’t do some good with that, well, they’ve got to be tired. Let’s see if the bears take the opportunity!

Long time no see

Published on February 28, 2012, 9:28 pm in Opinions and Trading. Closed Tags: , , .

Nothing can keep a slow market down, but as the markets have been slow on low volume, I’ve kept my trading low and slow also. 8)

I’ve added NQ into my mix of instruments, joining ES and TF. So far though, not very successfully….make some money in ES and lose it in NQ. Oh well.

My mind has been preoccupied reworking my business website, no, not this one. Go ahead, take a look at http://ValueManagementPartners.com. The previous site was up for 10 years. Links were breaking and advancing technology was wasting the old site away. So here it is. Leave a comment or use the cantact form. Let me know what you think….I’d appreciate it.

The lessson learned: you can’t rest on your laurels, in business, in life, or in trading. You have to keep up with technology, processes, lingo and the competition. Other traders are learning new indicators, finding new patterns, and working with new assets. Keep up or be left in the dust. They just may take your money!

Groundhog Day…again?

Published on February 13, 2012, 9:35 am in Opinions and Trading. Closed

How many times have we seen this headline the past 2 years? Greek Parliament Passes Austerity Plan as Riots Rage. I think more than my fingers can count.

And again, the markets look like they think this is real. Oh my! GroundHog Day

Weekend Reading 2/11/12

Published on February 11, 2012, 10:15 am in Trading. Closed
“The economy is so bad, a picture is now only worth 200 words.”

Despite good data….Unemployment May Be Here To Stay

OMG! Bank of America Refuses Cash for Mortgage Payment

Well isn’t that interesting… What Dollar Store Locations Reveal About America

There’s always a bubble going on. Look out below

“You never go broke taking a profit.”

Enough said… Why Do We Still Care About the Dow?

It’s tough being middle-aged. Young CEOs: Are They Up to the Job?

Clean those books! Banks Paying Homeowners to Avoid Foreclosures

Greece is the word. Greek Cabinet Approves EU, IMF Bailout Bill and yes, Grease IS the Word!

Speaking of oil…Greek promises briefly lift crude before reality sets in

Will he join the Republican race? Obama to pitch lower corporate tax

Remember, after Monday and Tuesday even the calendar says W T F . . .

Oh my! FOMC

Published on January 25, 2012, 6:37 pm in Trading. Closed

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!

Going for a ride?

Published on January 17, 2012, 9:55 am in Trading. Closed Tags: , .

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!

Somethin’ happenin’

Published on January 13, 2012, 6:40 pm in Opinions and Trading. Closed

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….

Zzzzzzzz…..

Published on January 11, 2012, 10:22 pm in Trading. Closed

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! :twisted: