Posted on February 15, 2009 by Adam
If you read my post last week suggesting that refiners are looking good from a technical perspecitve, I talked about how gasoline is getting more expensive relative to crude oil.
That makes for a pretty good bullish setup in stocks like VLO, TSO, SUN, XOM, HES, and more.
I just came across this article on yahoo, which [...]
Posted on February 11, 2009 by Adam
I would like to hereby issue an official rally cry for the market this morning. More to follow…
Continue ReadingPosted on February 9, 2009 by Adam
I’m feeling good today. I woke up late, went to McDonald’s ((MCD: 69.38 -0.56%)) for breakfast, and wrote a long piece about society and economics. Dayyum those McGriddles are delicious. Because of those alone, MCD should be trading higher. By the way, if you’re looking at MCD here, I’m lovin’ it — as a short. [...]
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Posted on February 9, 2009 by Adam
Good morning, traders.
I wanted to kick this week off by taking a big picture view of the markets. As a swing trader, I am not usually in any of my trades for more than a couple weeks, at most, but I often find that getting a gauge on how the broader market is postured helps [...]
Posted on February 3, 2009 by Adam
Welcome, traders, to the recession. I’m sure I didn’t need to remind you of that, but it needed to be said. I wanted to take some time to talk about beating the market and why it’s so difficult. Bear markets are notoriously difficult to trade, and the last six months are a prime example of [...]
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Posted on January 26, 2009 by Adam
I was long February 50 puts for DHR, anticipating a breakdown from a small head and shoulders pattern. Everything is working fine until this morning. I boot up my trading platform and surprise: big earnings announcement! DHR is now up 9% and by options are worth $0.60.
Let this be a lesson: don’t trade around earnings [...]
Posted on January 24, 2009 by Adam
I came across this great quote today. Thought I would share, because it sums up a great attitude towards trading.
“A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.”
- Jesse L. [...]
Be on the lookout for an extended pullback.