Posted on May 8, 2009 by Adam
I started out with next to nothing in my trading account. When I was 18, working my first real summer job, I deposited part of my weekly paycheck into my brokerage account. When I finally worked up the minimum amount ($2000) I was delighted, only to find out I was pretty limited in terms of [...]
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Posted on May 7, 2009 by Adam
Markets traded heavily all day on broad-based sector weakness. Defensive names in healthcare, utilities, and some consumer staples were the strongest, while everything else ended up in the red.
Concerning to me was the continued selloff in technology. In order to continue the intermediate rally we’ve been enjoying, technology will have to go higher, as will [...]
Posted on May 6, 2009 by Adam
Good Afternoon traders,
The market recovered from what should have been bad news, with the Bank of America warnings that surfaced last night. Excellent payroll numbers this morning skyrocketed futures higher. The market was hestitant, however, to move higher during the day. The S&P spent most of its time whipping around between 900-915 or so before [...]
Posted on May 5, 2009 by Adam
The Yankees/Red Sox game is in a rain delay, leaving me time to write about one of the topics I am most passionate about! For an idea of what I think of the Boston Red Sox, check out this link).
In the aftermath of this “great recession”, as it’s now being called, we are going to [...]
Posted on May 4, 2009 by Adam
I’m hearing a lot of buzz about oil. China’s numbers today have helped commodities a bit, but I hear traders whispering about a range capped by the level of $55/barrel.
I looked into this a little bit more. If you look at a point and figure chart of crude oil, printing 55 will put it onto [...]
Posted on May 3, 2009 by Adam
Out of all the indicators and oscillators available to swing traders these days, few are as widely accepted and revered as the marvelous MACD. The MACD, which stands for “Moving Average Convergance and Divergance,” is used to guage market posture. This indicator can help you determine whether or not a particular stock is overbought or [...]
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Posted on May 1, 2009 by Adam
I love the semis! The semiconductors that is. These stocks have been on fire - so much so that they have been hard to buy. But now we’re seeing a real pullback and buying opportunities in semiconductor stocks are starting to emerge.
What you will notice in these stocks is a strong upward trend followed by [...]
Be on the lookout for an extended pullback.