Archive for June, 2010
Making it Back
At this point just a short time removed from the April highs, there are no doubt many folks who were late to the party now feeling serious pain.
Be Patient Buying Dips
Novice traders are equipped with very little useful information, as even your grandmother knows to “buy low and sell high.” With the recent correction, many stocks now are starting to appear ‘low’ on the scale, and that’s enticing – but dangerous – to those who have been waiting for a shot at getting in.
Technical Grade: F
Every chart should be given a grade, if for no other reason than it’ll require you to evaluate the entire situation and make a decision. Should it be traded? Should it be watched? Should it be avoided? Looking at the chart of F below, this one earns an ‘F’ on recent behavior as well.
Have a MENT
Quick trades can be among the best kind, keeping capital tied up for a limited time and offering fast gains when they do their thing.
Video Review of the Indexes 6-20-2010
The major averages finally put in a few days of rest last week after some lively action on Monday and Tuesday, holding onto some nice recent gains. Key resistance zones have for the most part been cleared (with the RUT being the exception), and currently are serving as short-term support. Even if we see those [...]
Disgusted
Disgusted… It’s a word you probably learned in junior high when someone paid that kid $5 to eat frito pie from the cafeteria trash can. But it’s a word you still experience.
Video Review of the Indexes 6-13-2010
Those who are prone to motion sickness are finding this market to be unsettling, but such is the case when corrections are running their course. At the moment, the indexes are trying to establish some support, but the upside hasn’t been easy to come by for the bulls. Instead, we’ve seen some sharp rallies which [...]
