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, [...]
While investors are focusing all of their attention on US banks, another systemic risk is brewing compliments of the Eurozone and Chinese Banks. Even Swiss banks are sitting on a time bomb as all of them have lent trillions of Euros to Baltic states, Russia and Latin America. For all intents and purposes, these loans [...]
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 [...]
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… [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Week of October 27th: Wed p.m.- Yesterday, markets rallied 880 points. Today, a 300 point rally reversed to close almost flat. This is a very bullish sign. The euphoria became excessive because we had rallied almost 20% in 2 days. So the late day reversal was a definite shakeout of the fast money, weak hands. [...]
“We’re going to see five hedge funds fail for every bank, maybe more,” A moment of reckoning for many hedge funds may come at the end of this month, when their exposure to credit default swaps must be “marked to market” to reflect the increased obligations at the end of the third quarter. Olivant, the [...]
