Posted on March 9, 2010 by Adam
This is the first in a series of posts dedicated to explaining the series of events and phenomena that led up to and caused the most recent financial crisis.
There are many terms thrown around when folks talk about the financial crisis. Last year especially, the news was awash with terms like “Credit Crunch,” “Bailouts,” “Derivatives,” [...]
Posted on June 23, 2009 by Ryan
This article comes to you courtesy of Pimp My Trade reader Ryan Van Etten - trader, community member, and bookmarking extraordinaire. Follow these tips and your trading will be pimp in no time. I’ve personally tried them out and I have since incorporated them into my daily stock scanning routine, helping me to save precious [...]
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Posted on June 10, 2009 by Adam
Let me start off by saying that I’m no computer hacker. I wish I could tell you how to hack into the Nasdaq mainframe and pilfer money from each transaction that occurs. I wish. Then again, if that were the case I wouldn’t need to trade, now would I.
What I can teach you are some [...]
Posted on June 9, 2009 by Adam
Looking for another tool to help you get an edge in your trading? Heikin-Ashi candlesticks may be your thing. This Japanese methodology (the name translates to “average bar”) helps you to identify trends and determine when they have changed.
Unlike traditional indicators, which are used to supplement traditional candle charts, Heikin-Ashi candlestick charts can be used [...]
Posted on June 2, 2009 by Adam
Although risk management is not the most sexy aspect of trading, it is certainly one of the most important. It is the first thing I think about before placing any trade, and it’s always at the back of my mind when I’m scanning charts.
But why pay attention to a topic that seems dryer than the [...]
Posted on May 21, 2009 by Adam
When trading conditions are tough, you can rely on gold stocks to get you through. The reasons why are fairly simple
To understand why, you need to look at the relationship between gold and equities. The role that gold plays in intermarket dynamics changes over time. It generally moves opposite to the US dollar, as investors [...]
Posted on May 20, 2009 by Adam
Stocks gave up early gains, led lower by financials and technology.
I think you have to follow the sectors in order to gain an edge right now. I read once that the sector a stock is in controls 50% of the price movement of the individual stock. With that in mind, you want to try and [...]
Posted on May 19, 2009 by Adam
The market traded sideways all day, bound between the 905-915 range. A ten point range! Snooze.
Stocks failed to make a directional move, and were mixed across the board. The VIX, on the other hand, paints a different picture. Breaking down below 30 today, volatility levels are the lowest they have been since before the panic [...]
Posted on May 18, 2009 by Adam
Markets rallied all day across the board. This is a great development for bulls, especially since we managed to close above the magic number of S&P 900.
I’m still a bit skeptical about this sharp rally today, as the longstanding upward trend in the S&P was broken last week. We still haven’t tested 875 to the [...]
Posted on May 15, 2009 by Adam
Stocks ended a down week on a low note, although the S&P managed to remain indecisive. Prices traded down to 878, but failed to test the all important 875 level.
Yesterday, the $BPSPX went on bear alert - which signals that more downside may be coming. After today, it is likely that the $BPNYA, the bigger [...]
Be on the lookout for an extended pullback.