Archive for May, 2010
Video Review of the Indexes 5-31-2010
The indexes tacked on some minor gains last week, but the bulls really had to earn it. Prices finished at their extremes for each session prior to Friday. Gaps were both filled and created, and rallies and selloffs characterized the day to day action. Some support is becoming evident on a closing basis, although the [...]
Selective Memory
Trading is one of those things that really requires a selective memory. The same kind of selective memory that I needed when I was on the dating scene. I chose to ignore the bad experiences I’d had with certain girls, and I stayed in the game long enough to find the wife of my dreams.
Video Review of the Indexes 5-23-2010
The bulls did some suffering last week, there’s no question about it, but they were able to put together a modest rebound on Friday after an exhaustion gap to the downside. The relatively minor recovery seen from there constitutes, for now, a successful test of the May 6th lows. But we sure don’t know yet [...]
Every Day’s a Monday in Trading
We all love a fresh start, am I right? Sometimes we just need that new beginning. Like a Monday morning diet when we’ve pigged out all weekend.
Video Review of the Indexes 5-16-2010
Last week we saw the indexes make some headway, but it just didn’t feel that way. What started out with a massive upside gap on Monday and additional strength into Wednesday’s close, actually ended with plenty of downside on Thursday and Friday. On an open-to-close basis, the week was negative, but on a Friday close-to-close [...]
It’s Go Time!
Earlier this week, I apologized for my absence and explained why I’ve been so quiet on the blog for the past few months. Today is the Day
An Open Apology
I just crawled out of my cave. At least it feels that way. And it probably seems that way from your perspective, so I owe you an apology.
