Thursday, December 22, 2011
The market closed barely just above its opening price from yesterday's trading.
Not quite convincing for the participants.
Partly due to the approaching holidays where most of the traders/investors are on vacation.
But looks like there might be some surprising moves before the year ends.
I can sense there is an upside breakout for the market, in the short term possibly.
But most of the big moves happened in the overnight session while the major participants are still snoring.
Let's see from today's regular what might be the reaction.
Not quite convincing for the participants.
Partly due to the approaching holidays where most of the traders/investors are on vacation.
But looks like there might be some surprising moves before the year ends.
I can sense there is an upside breakout for the market, in the short term possibly.
But most of the big moves happened in the overnight session while the major participants are still snoring.
Let's see from today's regular what might be the reaction.
Wednesday, December 21, 2011
Tuesday, December 20, 2011
Monday, December 19, 2011
Sunday, December 18, 2011
Saturday, December 17, 2011
Best and Worst Stocks of 2011
By Ben Steverman | Bloomberg – 18 hours ago
The U.S. stock market returned almost nothing to investors in 2011. As of
early December, the Standard & Poor's 500 index had netted 0.9 percent --
and actually lost 1 percent if dividends aren't included.
Such poor overall performance hides some wide variations: 80 stocks in the S&P 500 returned 20 percent or more in 2011, while 43 lost more than a third of their value.
Bloomberg Rankings analyzed S&P 500 returns as of Dec. 2 to determine which stocks were best and worst to shareholders in 2011. Their results follow, starting with 2011's 5 best performers.
THE BEST STOCKS OF 2011
Cabot Oil and Gas Corp.
Such poor overall performance hides some wide variations: 80 stocks in the S&P 500 returned 20 percent or more in 2011, while 43 lost more than a third of their value.
Bloomberg Rankings analyzed S&P 500 returns as of Dec. 2 to determine which stocks were best and worst to shareholders in 2011. Their results follow, starting with 2011's 5 best performers.
THE BEST STOCKS OF 2011
Cabot Oil and Gas Corp.
Friday, December 16, 2011
Christmas rally for the market looks dim.
Only a few trading days left before Christmas and there is/are no signs the market is bouncing from its grave.
Santa has run out of money to buy the market, instead he sold the market and the bears are on clouds.
Unless Tim Geithner prints money for Santa to buy the market, the market is in jeopardy.
Today's market turn positive in the open but run out of gas after an hour or so and buried itself into the mud.
It turn sideways till the close.
An ugly trading week for the market!
Only a few trading days left before Christmas and there is/are no signs the market is bouncing from its grave.
Santa has run out of money to buy the market, instead he sold the market and the bears are on clouds.
Unless Tim Geithner prints money for Santa to buy the market, the market is in jeopardy.
Today's market turn positive in the open but run out of gas after an hour or so and buried itself into the mud.
It turn sideways till the close.
An ugly trading week for the market!
A Few Trading Lessons
- Posted by Joe Fahmy
- on December 14th, 2011
Here a few lessons from this week’s market action:
1) When you find a great number of trading setups (as I did this past weekend), let the market prove itself first before getting in aggressively.
2) Wait for a Follow-Through Day (FTD) to confirm that the market is in a new uptrend. A FTD is when the market has a convincing up day (approximately +1.5% or greater) on strong volume. This usually occurs on days 4-10 of an attempted rally. There is nothing wrong with trying to anticipate such a day (as I did over the weekend), however, you still need to wait for the day to occur.
3) It is ok to be wrong, but it is not ok to STAY wrong!
4) Even when we get confirmation of a new uptrend, don’t be in such a rush. If it’s a true rally, the market will give you plenty of time to make money. Remember, the fear of missing out is the downfall of most traders.
5) Cash is still king right now, especially because we are below both the 50-day and 200-day moving averages on the NASDAQ Composite. Keep in mind that 4 out of 5 stocks move in the general direction of the market, and right now we are still in a downtrend.
Bottom line, there is nothing wrong with forming a market opinion based on the information it gives us. The key is to wait for the market to confirm your opinion before getting aggressively involved. And finally, if you are wrong, it’s no big deal because it won’t be the first or last time it happens.
Thursday, December 15, 2011
The market is advancing for a positive open?
I guess a buy in the open and close in the end is the play of the trade today.
The market is already oversold, nothing more to sell!
Bears are already covering in darkness and the bulls are roaring this early.
Let's see if the trend can be sustained till the close of the market.
I guess a buy in the open and close in the end is the play of the trade today.
The market is already oversold, nothing more to sell!
Bears are already covering in darkness and the bulls are roaring this early.
Let's see if the trend can be sustained till the close of the market.
Wednesday, December 14, 2011
After closing at key support yesterday, today we broke through it as investors and traders throw in the towel as hope disappears for an end of year rally.
With the bulls’ backs against the wall at the 20/50 day moving averages, we were at the point where we should have seen the bull camp mount a strong defense. And, while the probabilities were very high in my estimation, instead the sell pressure continued unabated.
What we saw today was more of the same ugly price action that continues to justify a defensive, cash-rich posture. Although greatly hesitant to do so, I must also caution that the price deterioration has now risen to the level that we’ll be fortunate if this is just another swing reversal amid the larger trading range as risk is also increasing for a crash-like fall. While I don’t say that without tremendous hesitation, I have to at least put it out there for consideration because when the market doesn’t trade the way it should and price continues to steadily deteriorate in this manner, it means we’ve got to do our job and put up every defense necessary.
Make no mistake – the market is now guilty until proven innocent. While it is still possible that we will still see an end-of-year rally just to screw those who’ve finally given up hope this options expiration week, until the price action shows significant improvement, man those battle-stations and protect your capital.
Courtesy from Kirk Report
Tuesday, December 13, 2011
The market is recovering from its slump (Monday's trading) as shown from the overnight session below.
A positive open is most likely ahead of the Fed meeting.
Expect a volatile market today's trading whereas the participants will tangle what direction the market might headed as per Fed outcome.
But whatever the Fed might come out, the participants are already used to it.
The market is a news driven sentiment anyway.
The market is in consolidation range, but I can sense it might rally before the year ends.
Santa Claus will buy the market this Christmas!
Anyway, let's see how the market will react from helicopter Ben's (Bernanke) action.
A positive open is most likely ahead of the Fed meeting.
Expect a volatile market today's trading whereas the participants will tangle what direction the market might headed as per Fed outcome.
But whatever the Fed might come out, the participants are already used to it.
The market is a news driven sentiment anyway.
The market is in consolidation range, but I can sense it might rally before the year ends.
Santa Claus will buy the market this Christmas!
Anyway, let's see how the market will react from helicopter Ben's (Bernanke) action.
Monday, December 12, 2011
The market tumbled today as shown below.
It descends from the early session and continues in the regular trading.
Lots of shorts are happy seeing the market drops from its trend.
Bulls are nervous and are selling their long position or got stopped out.
No real time trade post today.
Just watching the market dances to its tune.
It descends from the early session and continues in the regular trading.
Lots of shorts are happy seeing the market drops from its trend.
Bulls are nervous and are selling their long position or got stopped out.
No real time trade post today.
Just watching the market dances to its tune.
Saturday, December 10, 2011
The market made a smooth sailing upwards yesterday, Friday.
First, I made a pathetic scenario that it might just turn sideways.
And I was wrong and I made a mistake, that's why in the market nothing is predictable.
I traded early in the market and was able to gain 50 points plus.
Had I let my trade run till the close, it can gain a 100 points plus.
But due to some personal appointment, I need to close the trade and was out till the market close.
In trading if you cannot do it full time especially if you are tied to the market, you cannot maximize the possible market potential.
Trading/Investing is like a job, it needs full time attention too.
Showing the concluding chart last Friday below is a fine example of buy in the open and sell in the close.
It is like you open your store in the morning and close it in the afternoon.
No further doings!
First, I made a pathetic scenario that it might just turn sideways.
And I was wrong and I made a mistake, that's why in the market nothing is predictable.
I traded early in the market and was able to gain 50 points plus.
Had I let my trade run till the close, it can gain a 100 points plus.
But due to some personal appointment, I need to close the trade and was out till the market close.
In trading if you cannot do it full time especially if you are tied to the market, you cannot maximize the possible market potential.
Trading/Investing is like a job, it needs full time attention too.
Showing the concluding chart last Friday below is a fine example of buy in the open and sell in the close.
It is like you open your store in the morning and close it in the afternoon.
No further doings!
Friday, December 9, 2011
Whatever Your Mind Can Conceive
Every bear market, every volatile market, every directionless market has a tendency to wreck havoc with otherwise good traders. Many who did so well during the bull phase, give back much if not all of there profits and more; some swear off the stock market as nothing more than a casino, never to try again. The primary reason, IMHO, is these traders have allowed others to influence their decisions, rather than learning to make their own decisions. Whether it be someone interviewed on TV, a newspaper or magazine article, even a well-meaning friend that has caused the trader to violate his or her rules. If this has happened to any of you, I say you have experienced a little bit of the school of hard-knocks, you have survived, you will make it in the long run.
Napoleon Hill (author of one of the top selling success books of all time – Think and Grow Rich) left us with one of the best affirmations of all time, “Whatever your mind can conceive and believe, it can achieve.” Do you believe, I mean really believe that you can make money trading and investing through good times and bad?
Napolean Hill began his career as a journalist. His big break came when he was asked to interview steel-magnate Andrew Carnegie. Mr. Carnegie was so impressed, that he challenged the young journalist, to research and organize the world’s first philosophy of individual achievement. The challenge took Hill 20 years to complete and in the process he interviewed every industry magnate possible. What is interesting about this story, and the reason for my bringing it up, is simply that Napolean Hill’s life was not all smooth sailing. He overcame quite a bit of adversity to become one of the best selling authors of all time. Traders must also overcome adversity.
Napoleon Hill struggled against a myriad of obstacles throughout his life. Many of which were brought on by some of the earlier choices he had made. A number of times he became broke and penniless following a highly successful venture gone sour. His personal life was as spotted as his financial life. One would think that the discovery of his many flaws would cause one to lose respect, and thus doubt the veracity of his teachings. Quite the opposite is true. When you read about the struggles of this very ‘human’ man you get a whole new perspective of respect, and the incredible resilience and persistence that he displayed repeatedly against sometimes incredible odds. Traders, especially in unkind market environments, need all the resilience and persistence we can gather and sometimes against incredible odds.
So the next time you are struggling, whether it is in the market or in other facets of your life remember the resilience and persistence of this man and also remember his famous quote “Whatever your mind can conceive and believe, it can achieve.”
The market is gaining ground from this overnight session.
It consolidates within the resistance range of the 200MA.
The market is waiting some kind of convincing sentiments to advance for a breakout.
Today is Friday, a profit taking day for the traders.
But I don't see any more profit for the taking because most of it was already taken the past two days or so.
I think from my perspective, a positional technique might be the play today.
It consolidates within the resistance range of the 200MA.
The market is waiting some kind of convincing sentiments to advance for a breakout.
Today is Friday, a profit taking day for the traders.
But I don't see any more profit for the taking because most of it was already taken the past two days or so.
I think from my perspective, a positional technique might be the play today.
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