Archive for the 'Home Builders' Category
With all of the clutter and insanity due to groups turning into recruiting grounds and advertising forums for esoteric and mindless products, I was compelled to launch my own LinkedIn Group which is being emphatically embraced by the systematic and discretionary proprietary trading universe, to my delight. I know many of you are Prop. Traders, [...]
September 16th, 2009 | Posted in Algorithm Development, Art, Bearish Looks, Behavioral Finance, Biotech, China Stocks, Commodities, Discretionary Traders, Economy, Emerging Markets, Energy Stocks, Ethanol, Financial Sector, Google, Hedge Funds, Home Builders, Journal Entry, Metals & Mining, Microsoft, Politics, Proprietary Trading, SEO, Semiconductors, Social Media Marketing, Tech Stocks, Technical Analysis, Technology, Trade Ideas, Trading Discipline, Web 2.0, Yahoo!, global macro | View Comments
Today’s housing numbers were a game changer for me. Sometimes, one’s brain learns to tune certain things out while sitting on the trading desk. At times, this filter becomes too good and blocks out important facts. Generally, the a.d.d. prevalent amongst all of us on the trading floor (as if it’s a prerequisite) keeps us [...]
March 17th, 2009 | Posted in Economy, Home Builders | View Comments
The real action behind the scenes. This is monumental. No, “GENERATIONAL”. No… it’s… it’s … Politics aside, the reality is thus, according to my dogma, the Financial Times: Lawrence Summers, senior economic adviser to Barack Obama, US president, told the Financial Times recently that the Group of 20 countries should agree to boost government demand. [...]
March 11th, 2009 | Posted in Economy, Energy Stocks, Financial Sector, Home Builders, Politics | View Comments
Game Plan – VOLUME EXHAUSTION BARS IN FINANCIAL STOCKS. Campaign – Position trade 2nd tier financial names. Continue to focus on gold stocks and buy on dips, sell into rallies. PRIORITY- Volume climax in financial names. Short-term trend exhaustion. Dow recovery of 7450 level short term reversal in progress. Week of Feb. 23 Dow showing [...]
February 23rd, 2009 | Posted in Home Builders, Journal Entry, Trading Discipline | View Comments
Week of Jan. 26 This potential bottom almost looks perfect. Do we go in aggressive early and keep buying dips? I think that’s the play here. NTRS- Strong rel. strength. Did not follow sector to new lows in Jan. All of the following are giving qualified Sequential buy signals: SPY: Also inv. H&S ABK- Buy [...]
January 26th, 2009 | Posted in Home Builders, Journal Entry, Metals & Mining, Trade Ideas | View Comments
For Thursday: JPM- Top name. Target size is 3 boats. Work hard for it. Confirmed/Qualified 12 count. Assume all insiders have been massive buyers over prior several weeks at unheard of prices. This is where crowd psychology starts to shift, and the beginning of the momentum shift is always the toughest AND most profitable. FOCUS…FOCUS…FOCUS… [...]
January 22nd, 2009 | Posted in Energy Stocks, Financial Sector, Google, Home Builders, Journal Entry, Metals & Mining, Trade Ideas | View Comments
Or should I say “feast”, to better reflect my opinion? Perfect catch of the turn. Having switched from net short to net long mid day and scored doubles on both sides is excellent for a typically uneventful Wed. Nevertheless, should have crushed it beyond what was achieved. Seems like overly cautious following prior 8 weeks [...]
January 21st, 2009 | Posted in Energy Stocks, Financial Sector, Google, Home Builders, Journal Entry, Metals & Mining, Proprietary Trading, Technical Analysis, Trade Ideas, Trading Discipline | View Comments
Long-term study of S&P 500 cash index shows 18m RSI below30 for first time since 2003 bottom. Modify long basket: re-weight sectors based on model runs on Sunday!!! ERX, CRM, CAT & CME, ICE - swing pivot UYG- Friday 8 count. Volume rising. Looking for climax low… URE- 2nd volume spike around major low. Final bottom [...]
January 20th, 2009 | Posted in Financial Sector, Home Builders, Journal Entry, Proprietary Trading, Trade Ideas | View Comments
Congress is revising the “look back” provision on losses from two years to five years as a means of providing fiscal support for the nations home builders. As a result, the group is poised to receive massive tax rebate checks in the billions of dollars for each company. The following are the top weighted components [...]
January 6th, 2009 | Posted in Economy, Home Builders | View Comments
FAS plenty of room to the upside. Create long basket with this. MBI breakaway gap? Watch AGM, ACI SKF break below $100 pending…. CSUN watch closely DRYS target $18.50 EBAY – S2 in place, shallow but potent target ~$20. N/L ~$15.30 AAPL, GOOG multiple b/o’s. Watch for shakeout/recovery. MCHP, MRVL, NVDA, RIMM rally in progress SPY [...]
January 5th, 2009 | Posted in Energy Stocks, Financial Sector, Google, Home Builders, Journal Entry, Metals & Mining, Proprietary Trading, Technical Analysis, Trade Ideas | View Comments
January 2 AIG Commodity Index confirms bottom ACI immediate buy CAT, CLF What’s going on with CCRT? CMDTY: AKS- good S2.. Follow up on nat. gas stocks: CHK, CNX, EOG Watch Solar SPY traded through d/t line on rising volume. Is this a trap? 50dEMA $91.75 CME going to top range ~$265 AAPL $85 not [...]
January 2nd, 2009 | Posted in Home Builders, Journal Entry, Proprietary Trading, Technical Analysis, Trade Ideas | View Comments
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