Posted on March 16, 2009 by Adam
Hello everyone, and welcome back from what I hope was an enjoyable weekend.
Part of what I try to do on this site is to provide some clarity and ideas for those of us who are trying to make sense of what the market is doing. I know it’s been a tough few weeks, but I [...]
Posted on March 12, 2009 by Adam
Over the past three days, I have started to notice some singals that have me bullish on stocks for once. I’ve been consistently saying that the market had been getting more and more oversold, which would likely result in a sharp rally. We got that rally on Tuesday, which has followed through nicely over the [...]
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Posted on March 12, 2009 by Adam
Arbitrage is the practice of profiting from discrepancies in prices between similar assets. Looking at Exhange Traded Funds that track crude oil, I see ample opportunities for arbitrage in the energy space.
I noticed this last night when I was looking at a relative strength chart of USO compared to Crude Futures. USO is an ETF [...]
Posted on March 11, 2009 by Adam
Whether you are a long term investor, a trend trader, or a swing trader, selling covered calls can help make your trading more profitable.
A covered call sounds more complicated than it is. If you own stock, a covered call is as simple as selling a call on the stock that you own. This strategy can [...]
Posted on March 10, 2009 by Adam
Who says we can only speculate on stocks?
I think I can make some money on Wacko Jacko! Michael Jackson recently announced a series of performances in London this summer that will be his last ever live perfomances, period.
While I love the King of Pop, I love profits even more. I know this concert will sell [...]
Posted on March 10, 2009 by Adam
I wanted to follow up on my post yesterday, where I described a point and figure strategy for a deeply oversold market.
I bought into a 3 box reversal in (MET: 40.20 +2.29%) yesterday at 12.50 and cashed out this afternoon at 15 for a 20% profit. Quick and dirty, nice and easy.
Posted on March 9, 2009 by Adam
I was looking at stocks last night and a lot of stocks that have been holding up well over the last month look like they are about to complete reversal patterns. I find it hard to get bullish on those stocks despite the oversold conditions of the market, because I have a feeling they will [...]
Continue ReadingPosted on March 8, 2009 by Adam
If you have been following the news, you may have heard that the SEC recently released a copy of this report, which was submitted in 2005 by a whistleblowing Wall Street insider, warning regulators of the vast fraud underway in Bernie Madoff’s fund. The SEC completely ignored the warning, submitted by Harry Markopolos long before [...]
Continue ReadingPosted on March 6, 2009 by Adam
I keep hear people droning on about whether or not “This is capitulation?” Everybody seems so focused on whether or not today will be the day when prices wash out completley forming a bear market bottom, sending us into a roaring bull market.
If that’s what you’re looking for, just give up.
Even if we do get [...]
Posted on March 5, 2009 by Adam
Trading is hard - I’ll be the first to admit it. But that doesn’t mean we can’t be profitable over time, even if the market is down.
The key lies in defining your risk and reward on every single trade
What do I mean by risk and reward? I define risk as the maximum amount the trade [...]
Be on the lookout for an extended pullback.