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 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 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 [...]
Be on the lookout for an extended pullback.