Recent Articles
Viewing a Loss as a Courtesy
Look at each position as an employee. Poor performance is grounds for dismissal. Take the attitude of “thanks for letting me know you aren’t going to work so I can move on to the next candidate.”
Why I’m Careful Trading Drug Stocks
I’m really careful with trading drug stocks, there’s just so much to them. You have things to consider like FDA approvals, patient trials, lawsuits, huge news of positive or negative test results, etc. It can get to be a mess, and very few of those items are scheduled news, so they’re usually surprises.
Video Review of the Indexes 11-20-2011
Last week the indexes pulled back to test some important levels, with the NAZ actually cracking 2600. For the time being, support zones elsewhere are holding, leaving the door open for a rally higher within the range.
Don’t Be a Monkey
Ever seen a monkey trap where they grab the bait inside but when making a fist, can’t get their hand back out? I’ve made some trades in that manner, and perhaps you have too, but where did we go wrong?
Detecting Subtle Changes of Character
As traders, it’s imperative that we take note of any nuance or variation from character when reviewing charts. Doing so can give us occasional false or contradicting signals, but it can also alert us to imminent moves or potential pattern failures.
Video Review of the Indexes 11-13-2011
Last week we saw the major averages test important short-term areas to further validate the recent trading ranges, and the tests were passed. Now it’s up to the bulls to produce a breakout, but from a technical standpoint they’ve got some real positives going for them.
Video Review of the Indexes 11-6-2011
A sharp pullback to start last week left the indexes testing some important levels and filling some gaps, both of which proved to be technically beneficial for the market. Dip-buyers emerged to stem the losses though, erasing a fair chunk of the deficit from last Monday and Tuesday.
