Posted on April 20, 2009 by Adam
Hey Traders,
I’m in buy the dip mode. I’m looking to add some longs if we hold here near S&P 850. However, I’m watching carefully to see if we hold this support level, because if it breaks, we could be headed for a more sustained downward movement.
Posted on April 13, 2009 by Adam
Welcome back from a long weekend.
This market has me pretty excited. While I’m not convinced we’re out of the woods just yet, it looks as if trading conditions are beginning to ease.
Trading has been pretty easy for the last few weeks now, and I don’t think that’s about to end any time soon.
Last week, the [...]
Posted on April 3, 2009 by Adam
Sorry I haven’t been around recently, folks.
I’ve been travelling to Tokyo (which takes forever, if you’ve never done it before).
I didn’t get a chance to watch the market yesterday, but I hear we had a pretty nice rally. In terms of where the market goes from here, I’m continuing to watch the Fibonacci retracement bracket [...]
Posted on March 25, 2009 by Adam
I wanted to spend some time thinking about the future. Where will we be in three years? Based on the recent monetary policies our government is employing in the scope of today’s global economic climate, I have some ideas. I have already posted about how the Dollar is dead, which will be a catalyst for [...]
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Posted on March 24, 2009 by Adam
Just as the 800 level acted as an area of resistance on the way up, it will now become support for this pullback. Yesterday’s rally, on top of an incredible week last week, made it clear that big buyers have started to enter the market.
I want to be on the same side of the trade [...]
Posted on March 19, 2009 by Adam
Well folks, we did it. After more than 200 years, we killed the dollar.
The United States Dollar, born in 1792, lived a good life. It is survived by its siblings the Pound, the Euro, and the Frank (the Yen was already dead).
When the Fed announced its plans to expand its balance sheet yesterday, it established [...]
Posted on March 17, 2009 by Adam
Lately I have been watching the VIX very carefully. It’s movements have been quite actionable, and even predictable to some extent. Over the last couple of months I have watched the VIX steadily trend higher. Last week, the VIX broke down beneath that trendline, acting as a confirming indicator for the current rally.
If you don’t [...]
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 [...]
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 3, 2009 by Adam
As the market continues to grow further and further oversold, the probabilities of a rally, and sharp one at that, continue to increase. It makes sense to skew your positions towards low risk bullish setups with a lot of upside potential. That doesn’t mean you should be covering all your short positions, but I would [...]
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Be on the lookout for an extended pullback.