Archive for November, 2008
Week of Nov. 24 FRI: Is it a coincidence Oil & Gas bottomed on election day? DFG- Trgt’s 13.50, 14.50, 20 DIG- $50 Tech leading this charge. Tier 2 Stocks: BRCM- 2x bottom near completion. Bullish volume. TD buy signal, d-SAR Long. Breakout >18. EBAY- Recovered secondary trendline. Mulitple buy signals. Above 13.70. Trend channel [...]
November 29th, 2008 | Posted in Home Builders, Journal Entry, Metals & Mining, Tech Stocks, Technical Analysis, Trade Ideas | View Comments
This Week from FIN Alternatives: Hedge funds are about halfway done dumping assets to reduce leverage, and may unload another $200 billion to complete the deleveraging process, according to a new survey. A survey by Sanford C. Bernstein & Co.’s found that 63% of hedge fund managers agreed that the unwinding of assets is at [...]
November 27th, 2008 | Posted in Hedge Funds | View Comments
Market’s appear strong overnight. Around 16 handles at 9:30pm EST. SPX resistance at 950. If market opens around 950 on the cash index, fade the gap up using SDS & SSO (short), DXD/DDM. Experiment with trading just one ETF class with larger size. On the long side, stock selection is key. I want to go [...]
November 9th, 2008 | Posted in China Stocks, Economy, Emerging Markets, Metals & Mining | View Comments
Week of November 10 Still bullish on the market but defensive in nature. Not putting myself out there for anything, in either direction. Take trades for the time being and generate cash flow. When the rally comes, it’ll be obvious. TRIN behaving very bullish all week, spending Wed & Thur around 3.00 and as high [...]
November 9th, 2008 | Posted in Bearish Looks, Commodities, Economy, Financial Sector, Google, Metals & Mining, Tech Stocks, Technical Analysis, Trade Ideas | View Comments
Week of November 3 THUR- Heavy volume on the sell-off. Market’s spooked by the lopsided gov’t. As expected, but didn’t exploit. Monitor airlines for entry levels (see below). Many charts look like gaps from Tuesday were closed. Only problem is volume expanding across the board. So many charts look terrible, I feel like we’re going [...]
November 3rd, 2008 | Posted in Bearish Looks, Commodities, Economy, Energy Stocks, Financial Sector, Google, Metals & Mining, Politics, Tech Stocks, Technical Analysis, Trade Ideas, Trading Discipline | View Comments