There are many reason I bought $SPY puts as it broke down Friday. The chart is screaming at me to go short, I had to listen. I entered short as it fell to the $164.60 level with my initial stop at the 10 day sma believing it would lose $164 which it did quickly. Going […]
The Ten Bearish Things the $SPY Chart is Telling Me Read More »
Finally for all those investors and traders trying to implement the CAN SLIM investment methodology by using William O’Neil’s book “How to Make Money in Stocks” along with Investor’s Business Daily, here is your users manual. Matthew Galgani has done an excellent job with this book by both keeping it simple and easy to read
Here is The NEW CAN SLIM Instruction Manual Read More »
As my blog readers and twitter followers know, I have been concerned that this market was getting toppy after I went to cash at the close on the day we made our all time high at $169.07. Then we failed to get over the 10 day sma for five out of six trading days
Ten More Reasons Why I am even More Bearish Read More »
A big thing that trips up new traders is they get an entry signal at a breakout or a bounce off a key moving average like the 50 day simple moving average but have trouble quantifying how to let the it run if it is a winner or cut the loser short if it goes
A Market Wizard on Moving Averages Read More »
The gap up failed yesterday to hold. The gap down today held. The 5 day ema crossed under the 10 day sma yesterday. Over the past two days volatility has expanded to trading in a $168-$164 price range. Seven straight days of ugly bearish candlesticks. In the past 5 days price has been under the
8 Reasons Why I Am Getting More Bearish Each Day $SPY Read More »
We are at an interesting crossroads in the market. The long term up trend is still in place but we are over due for a pull back to either the 21 day or 50 day sma just to get some price consolidation from this extension so far above the 200 day sma. There is
Key Areas to Watch this week on 3 Charts. Read More »
Do you use moving averages in your trading? It is very interesting to lay a 50 day and 200 day moving average on to a chart over a year time frame. You will begin to see patterns develop. Bounce off the 50 day, a last chance for support at the 200 day etc. Each index,
10 Facts About Moving Averages Read More »
When being a trend trader you never know where the big profits are going to come from. You take your entries and follow your rules and let the market tell you what to do next. Here is a simple trade I did in April using a conservative tax deferred trend following account that is
My Personal Example of a Simple but Effective Trend Trade $SPY Read More »
“Mr. Seykota himself has put together a money management track record with returns of roughly +60% net of fees over the three-decade span of his trading career…” -Futures Magazine Ed Seykota, first featured in the book Market Wizards has one of the best records of all time for any trader. Ed Seykota’s record is as
This Guy Is Possibly the World’s Best Trader…. Read More »
Making money in the financial markets is not only challenging but just surviving an account blow up is also a win for many new traders. There is one thing that ultimately determines your success in the markets. It is not your stock picking skills, your trend following or even trading a robust method. The dividing
The Biggest One Thing that Separates losing traders from the Winners Read More »