Well, well, well. China lowers the reserve requirements for banks, central banks provide extra dollar liquidity and ADP comes way better than expected...
You cannot get a sweeter bullish cocktail than this one. I expect a nice rally, and if Mosaic (MOS) outperforms even better. As I said yesterday on my Twitter I expect Bank Of America (BAC) to have bottomed yesterday (actually that bullish Bank Of America (BAC) call seems even better today :) ).
On other topics, I just love this Range Roger,
Have a great day!
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Nov 29, 2011
Grab A Beer, Sit Back And Enjoy.
Grab a beer, sit back and enjoy.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
December Is The Most Bullish Month For Stocks
"December has significantly outpaced the average month over the last 80+ years across all metrics, particularly the one I think matters most: average return / std. dev. of returns. From this 30,000 foot view, December has been far and away the most bullish month of the year." - in MarketSci
Related, SPDR S&P 500 ETF (SPY), PowerShares QQQ Trust, Series 1 ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Related, SPDR S&P 500 ETF (SPY), PowerShares QQQ Trust, Series 1 ETF (QQQ), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
El-Erian: 3 Potential Scenarios For Europe
According to PIMCO`s El-Erian, there are 3 potential scenarios:
1) "Fragmentation of the euro zone," in which the 17 member nations would go their own way, which he said would be "incredibly disruptive not just for Europe but also for the global economy."
2) "Full fiscal union," in which the nations adopt uniform financial reforms that would be more political in nature.
3) A "middle ground" in which a "smaller but stronger euro zone" emerges where as many as three countries default on their debt and exit the EU.
On other topic, I just bought a few belgian beers. I am picking a Grimbergen for today`s dinner. I am also looking forward to the match Chelsea against Liverpool later today. It`s very important to completely get your head out of the markets after you leave the trading desk.
Related: iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Spain Index ETF (EWP), Banco Bilbao Vizcaya Argentaria SA ADR (NYSE:BBVA) Banco Santander, S.A. ADR (NYSE:STD), Deutsche Bank AG USA (NYSE:DB), Credit Agricole SA (EPA:ACA), BNP Paribas SA (EPA:BNP), iShares MSCI Italy Index ETF (EWI), Bank Of America (BAC), JP Morgan (JPM), Citigroup (C), Goldman Sachs (GS)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
1) "Fragmentation of the euro zone," in which the 17 member nations would go their own way, which he said would be "incredibly disruptive not just for Europe but also for the global economy."
2) "Full fiscal union," in which the nations adopt uniform financial reforms that would be more political in nature.
3) A "middle ground" in which a "smaller but stronger euro zone" emerges where as many as three countries default on their debt and exit the EU.
On other topic, I just bought a few belgian beers. I am picking a Grimbergen for today`s dinner. I am also looking forward to the match Chelsea against Liverpool later today. It`s very important to completely get your head out of the markets after you leave the trading desk.
Related: iShares MSCI Germany Index Fund ETF (EWG), iShares MSCI Spain Index ETF (EWP), Banco Bilbao Vizcaya Argentaria SA ADR (NYSE:BBVA) Banco Santander, S.A. ADR (NYSE:STD), Deutsche Bank AG USA (NYSE:DB), Credit Agricole SA (EPA:ACA), BNP Paribas SA (EPA:BNP), iShares MSCI Italy Index ETF (EWI), Bank Of America (BAC), JP Morgan (JPM), Citigroup (C), Goldman Sachs (GS)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
What The Best Traders Understand And The Others Don`t
Casino owners and the best traders understand that events that have probable outcomes can produce consistent results if you can get the odds in your favor (if you have a trading edge) and you have a large enough sample size (many trading opportunities). Then the secret formula is actually quite simple, trade with risk management guidelines that allow you to exploit your edge without going bankrupt in the process.
Have a great day!
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Have a great day!
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Nov 28, 2011
Inventories Are Low. Upside Risks In The Oil Market.
Worth listening to.
Tickers, Petroleo Brasileiro (PBR), Exxon Mobil (XOM), Chesapeake Energy (CHK), Marathon Oil (MRO), ConocoPhillips (COP), Murphy Oil (MUR), Suncor (SU), Noble Corp (NE), Transocean (RIG), United States Oil Fund (USO)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Are You A Consistent Winner?
In order to become a consistent winner in the markets you need an edge. But an edge is just a higher probability of one thing happening over another. The flawless repetition of your edge is the "secret". That`s the reason why trading is much more of a "mind game" than anything else...
Have a great day!
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Have a great day!
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
There Is No Way Prices Can Fall Much From Where They Are Now
“It’s been the supply side. Libya went off the market. Lots of problems in the North Sea. Brazil, I mean, there were problems everywhere. Inventories Are about are about 50 million below the seasonal average heading into the winter. There is no way prices can fall much from where they are now. You just don’t have enough inventories around.” - Amrita Sen, commodities analyst at Barclays
Trading Nymex Oil has been a pleasant experience this year. While I traded only for the "sure" move, I was rewarded for my timing and patience. Sometimes, simplicity is the ultimate sophistication...
Tickers, Petroleo Brasileiro (PBR), Exxon Mobil (XOM), Chesapeake Energy (CHK), Marathon Oil (MRO), ConocoPhillips (COP), Murphy Oil (MUR), Suncor (SU), Noble Corp (NE), Transocean (RIG), United States Oil Fund (USO)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Trading Nymex Oil has been a pleasant experience this year. While I traded only for the "sure" move, I was rewarded for my timing and patience. Sometimes, simplicity is the ultimate sophistication...
Tickers, Petroleo Brasileiro (PBR), Exxon Mobil (XOM), Chesapeake Energy (CHK), Marathon Oil (MRO), ConocoPhillips (COP), Murphy Oil (MUR), Suncor (SU), Noble Corp (NE), Transocean (RIG), United States Oil Fund (USO)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Art Cashin: Market Update
"We have been saying for weeks that we, along with Secretary Geithner, are concerned that European leaders have no mechanism in place to handle any sudden acceleration of the crisis. Basically, there is no financial fire department and no sign of one being hired.
Moody’s and others are indicating that time is running out and it may be a matter of days. ICAP, the currency trading facilitator, said it is testing its systems for a return to the drachma or even the Deutsche mark. Italian PM Monti admitted that the breakup of the Eurozone has been broached at meetings with top leaders.
This morning European stocks and U.S. futures are spiking sharply. The pundits are trying to pin the spike on everything from Black Friday sales to an IMF bailout of Italy. We think the spike is the reaction of a very oversold market to the resurfacing of the Sarkozy based rumor of a treaty deal for fiscal linkage. But, even if it’s true, can it be implemented quickly enough for a situation thought to be days away from crisis or climax?
The IMF bailout, already denied, was always unlikely since the U.S. is a key player in the IMF. Using U.S. funds for a European crisis is unthinkable in the current political environment. As to Black Friday, look what was said about last year’s Black Friday last November. Also, how could it help Europe so much?
Lastly, European bond markets are more placid and skeptical than their equity cousins. That supports the oversold causation thesis." - Art Cashin
Yes, all in all, it`s a volatile environment. I don`t agree with everything he said, but as you know I am a short term trader so I don`t need fancy interpretations to play the market.
Related: SPDR S&P 500 ETF (SPY), iPath S&P 500 VIX Short-Term Futures ETN (VXX)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Moody’s and others are indicating that time is running out and it may be a matter of days. ICAP, the currency trading facilitator, said it is testing its systems for a return to the drachma or even the Deutsche mark. Italian PM Monti admitted that the breakup of the Eurozone has been broached at meetings with top leaders.
This morning European stocks and U.S. futures are spiking sharply. The pundits are trying to pin the spike on everything from Black Friday sales to an IMF bailout of Italy. We think the spike is the reaction of a very oversold market to the resurfacing of the Sarkozy based rumor of a treaty deal for fiscal linkage. But, even if it’s true, can it be implemented quickly enough for a situation thought to be days away from crisis or climax?
The IMF bailout, already denied, was always unlikely since the U.S. is a key player in the IMF. Using U.S. funds for a European crisis is unthinkable in the current political environment. As to Black Friday, look what was said about last year’s Black Friday last November. Also, how could it help Europe so much?
Lastly, European bond markets are more placid and skeptical than their equity cousins. That supports the oversold causation thesis." - Art Cashin
Yes, all in all, it`s a volatile environment. I don`t agree with everything he said, but as you know I am a short term trader so I don`t need fancy interpretations to play the market.
Related: SPDR S&P 500 ETF (SPY), iPath S&P 500 VIX Short-Term Futures ETN (VXX)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Jim O`Neill On Russia And The Perfect Start To The Week.
"If Russia fulfils its potential, it will create all sorts of interesting and complex political and social issues for the European Union and the world, besides the obvious economic ones. For the EU to have a wealthier neighbour on its borders would be quite remarkable. Provided it does not provoke conflict, it could raise the possibility of Russian membership of the EU.” - Jim O`Neill, Goldman Sachs
I am closing the long position on the S&P 500 Futures, taking the profits. While I still see upside for a few stocks, I prefer to move to the sidelines on the index, and playing it through stocks for the next few sessions.
It`s a great feeling to start the week with a 32 point move in your favor (on S&P Futures).
Have a great day!
Tickers, Market Vector Russia ETF Trust (RSX), SPDR S&P 500 ETF (SPY)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
I am closing the long position on the S&P 500 Futures, taking the profits. While I still see upside for a few stocks, I prefer to move to the sidelines on the index, and playing it through stocks for the next few sessions.
It`s a great feeling to start the week with a 32 point move in your favor (on S&P Futures).
Have a great day!
Tickers, Market Vector Russia ETF Trust (RSX), SPDR S&P 500 ETF (SPY)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Nov 23, 2011
"Success seems to be connected with action. Successful men keep moving. They make mistakes, but they do not quit." -C. Hilton
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Nov 22, 2011
El Erian: We Have Less Economic Momentum Than We Thought
“We have less economic momentum than we thought we had and we have no policy momentum.What’s most terrifying is that we are having this discussion about the risk of recession at a time when unemployment is already too high, at a time when a quarter of homeowners are underwater on their mortgages, at a time then the fiscal deficit is at 9 percent and at a time when interest rates are at zero.” - El-Erian, PIMCO
Related ETFs: SPDR S&P 500 ETF (SPY), ProShares UltraShort S&P500 ETF (SDS), PowerShares QQQ Trust, Series 1 ETF (QQQ), Consumer Discretionary SPDR ETF (XLY)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Related ETFs: SPDR S&P 500 ETF (SPY), ProShares UltraShort S&P500 ETF (SDS), PowerShares QQQ Trust, Series 1 ETF (QQQ), Consumer Discretionary SPDR ETF (XLY)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Mobius: There`s Another Financial Crisis Around The Corner
“There is definitely going to be another financial crisis around the corner.
The reason? We haven’t solved any of the things that caused the previous crisis.” - Mark Mobius, Emerging Markets specialist
It`s a rare bearish call from Mobius...
Related: iShares MSCI Emerging Markets Index ETF (EEM)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
The reason? We haven’t solved any of the things that caused the previous crisis.” - Mark Mobius, Emerging Markets specialist
It`s a rare bearish call from Mobius...
Related: iShares MSCI Emerging Markets Index ETF (EEM)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Equities Outlook: Diapason Commodities Management
We are now at the conclusion of our Sept 30 bi-directional short-term forecasts: an S&P 500 rally to the 1250 – 1275, then followed by another price reversion to the 1175 area. This call for 1175 levels is unlikely to be seen; support is now strong at circa 1200. The rally resumes in earnest soon, probably before month-end. We still expect the SPX to test the 1350 – 1375 highs by Q1 next year. - By Robert P. Balan, Senior Market Strategist, Diapason Commodities Management
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Soros: The (Only) Solution To The Euro Crisis
“The financial markets are testing the ECB and want to find out what it is allowed to do. The central bank must stop the bond run at all costs because it is endangering the stability of the single currency. The best way to do it in the near term is to impose a ceiling on the yield of sovereign bonds issued by governments that follow responsible fiscal policies and are not subject to adjustment programs.
Normally central banks fix only short-term interest rates but these are not normal times. Government bonds that were considered risk-free when financial institutions acquired them, and are still treated as such by the regulators, have turned into the riskiest of assets.
Italian and Spanish bonds are viewed as too risky to buy with a yield of seven percent because they are regarded as toxic, and the yield could just as easily rise to 10 percent. Yet the same bonds would be attractive long-term investments in the current deflationary environment, at say four percent, as long as the excessive risk is removed by imposing a five percent ceiling on interest rates.
The interest rate ceiling should be regarded as an emergency measure. In the medium term it could encourage politicians to abandon fiscal discipline." - George Soros
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Normally central banks fix only short-term interest rates but these are not normal times. Government bonds that were considered risk-free when financial institutions acquired them, and are still treated as such by the regulators, have turned into the riskiest of assets.
Italian and Spanish bonds are viewed as too risky to buy with a yield of seven percent because they are regarded as toxic, and the yield could just as easily rise to 10 percent. Yet the same bonds would be attractive long-term investments in the current deflationary environment, at say four percent, as long as the excessive risk is removed by imposing a five percent ceiling on interest rates.
The interest rate ceiling should be regarded as an emergency measure. In the medium term it could encourage politicians to abandon fiscal discipline." - George Soros
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Von Mises: State Influence & Wars
Whoever wants peace among nations must seek to limit the state and its influence most strictly. - Ludwig von Mises
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Nov 18, 2011
A Funny Moment. Enjoy.
A funny moment for you to enjoy. Have a great weekend! :)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Nov 17, 2011
The S&P 500 Measured In Gold
Interesting stuff...measured in gold terms (of course not in real terms as I have read in other sites) the S&P 500 Index is trading at the 2009 lows. Back then one ounce of gold bought 1.41 times the SPX and today it does as well:
“I’ve done this analysis before in the past and while most people look at the stock market strictly in nominal terms, I still believe it’s always important to have perspective in terms of its value in other currencies. With the move lower in gold (another currency) today to a two week low and the S&P’s around 1235 after yesterday’s selloff, the S&P 500 priced in gold terms is at the exact same level seen on March 6, 2009 when the SPX cash hit 666 intraday. Then, one ounce of gold bought 1.41 times the SPX and today it does as well. Money printing and the debasement of fiat currencies can cover up many ills and make things look better than they really are in terms of purchasing power.” - Peter Boockvar
My superficial thoughts on this are, stocks are cheap in gold terms...but of course that does not mean they are going to trend up, gold may catch up (down) as well. But I am a short term trader and I do not like to think in those terms. Just found it interesting and worth sharing.
I bought a fantastic bottle for dinner. A VILLA TONINO Nero d'Avola Sicilia Baglio Curatolo 2008 (88 points, in Wine Spectator). I am still helping the italian current account deficit... :)
Have a great day!
Related: SPDR GOld Trust (ETF), SPDR S&P 500 Index ETF (SPY)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
“I’ve done this analysis before in the past and while most people look at the stock market strictly in nominal terms, I still believe it’s always important to have perspective in terms of its value in other currencies. With the move lower in gold (another currency) today to a two week low and the S&P’s around 1235 after yesterday’s selloff, the S&P 500 priced in gold terms is at the exact same level seen on March 6, 2009 when the SPX cash hit 666 intraday. Then, one ounce of gold bought 1.41 times the SPX and today it does as well. Money printing and the debasement of fiat currencies can cover up many ills and make things look better than they really are in terms of purchasing power.” - Peter Boockvar
My superficial thoughts on this are, stocks are cheap in gold terms...but of course that does not mean they are going to trend up, gold may catch up (down) as well. But I am a short term trader and I do not like to think in those terms. Just found it interesting and worth sharing.
I bought a fantastic bottle for dinner. A VILLA TONINO Nero d'Avola Sicilia Baglio Curatolo 2008 (88 points, in Wine Spectator). I am still helping the italian current account deficit... :)
Have a great day!
Related: SPDR GOld Trust (ETF), SPDR S&P 500 Index ETF (SPY)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Trading With A Carefree State Of Mind
Carefree means confident, but not euphoric. When you are in a carefree state of mind, you will not feel any fear, hesitation, or compulsion to do anything, because you have effectively eliminated the potential to define and interpret market information as threatening. To remove the sense of threat, you have to accept the risk completely.- Mark Douglas, Trading In The Zone
Do you still feel fear or anxiety when opening a new trade?
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Do you still feel fear or anxiety when opening a new trade?
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Nov 16, 2011
Discipline, Goals & Accomplishment
“Discipline is the bridge between goals and accomplishment." — Jim Rohn
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
The Basis Of All Successful Trading
"Trade with an edge, manage risk, be consistent, and keep it simple. The basis of all successful trading can be summed up in these four core principles." - Curtis Faith
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Nov 10, 2011
How To Be Great
Success has nothing to do with how many technical indicators you know or how many screens you use on your trading. Nor with how many trading books you have read. You have to build your own success every single day of your life.
Success in trading (and in life) is just like in professional sports. Don`t make excuses.
Enjoy.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Stocks Leading Market Lower: BAC, MU, AAPL, C
The tape is mixed but there are a few rotten apples pushing the indexes lower: Bank Of America (BAC), Citigroup (C), Apple (AAPL), Micron Tech (MU) just to name a few.
My outlook for the rest of the session is...bearish.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
My outlook for the rest of the session is...bearish.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Apple (AAPL) Down 3 Percent
We have a zig-zag session so far in equities. I would highlight 3 things:
1) Apple (AAPL) is down 3% in a rising market - I have been watching AAPL for a while now in the Newsletter (my opinion is that there is little upside above 400 USD)
2) Energy stocks are doing very well: Murphy Oil (MUR) is the outperformer and SandRidge Energy (SD) is lower, selling off in a rising market for energy stocks;
3) Homebuilders are doing well (again) - KB Home (KBH) is leading, but Lennar (LEN) is also very strong
Have you watched Perry`s gaffe yesterday evening? If not, check it out, it`s worthwile.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
1) Apple (AAPL) is down 3% in a rising market - I have been watching AAPL for a while now in the Newsletter (my opinion is that there is little upside above 400 USD)
2) Energy stocks are doing very well: Murphy Oil (MUR) is the outperformer and SandRidge Energy (SD) is lower, selling off in a rising market for energy stocks;
3) Homebuilders are doing well (again) - KB Home (KBH) is leading, but Lennar (LEN) is also very strong
Have you watched Perry`s gaffe yesterday evening? If not, check it out, it`s worthwile.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Nov 9, 2011
Cause Of Death: Risk
Yahoo (YHOO) Very Well Supported
Interesting behavior in Yahoo (YHOO) shares today. They were basically unch in a crashing market. Very interesting outperformance.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
A Picture Is Worth 1,000 Words
Green Montain Coffee (GMCR) down almost 30% after hours. Another ex Wall Street darling facing gravity.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Crude Oil Has Downside Risks
I expect crude oil to correct further. 95 USD per barrel is not a crisis price at all...But with the Brent / WTI disparity is much tougher to trade oil. Maybe a Brent short is wiser than a WTI short. I just closed the equity shorts on this early weakness and probably will not trade again today.
I will be looking for new trading opportunities.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
I will be looking for new trading opportunities.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Russian ETF Down Almost 7 Percent
The Russian ETF, RSX is one of the most volatile in my list. Today the Market Vectors Russia ETF is down almost 7%...
Despite being far away from the crisis epicenter, the russian markets are feeling the pain too. Maybe it will create a buying opportunity soon.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Despite being far away from the crisis epicenter, the russian markets are feeling the pain too. Maybe it will create a buying opportunity soon.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Big EURUSD Move. Commodity Stocks Are Feeling The Pain.
EURUSD is down 284 pips. That is a big, big move. The short position on SPDR Materials (XLB) is doing just fine today.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
One Day...
One day all this pressure being felt in Europe will be on the US Government Bonds. When that day arrives, it will be messy...
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Nov 8, 2011
Are P/E`s Too Low? Don`t Even Bother.
Correlation between earnings multiples and subsequent returns is loose. Statistically speaking, it’s almost non-existent. - in the Prag Cap, from Draco Capital Management
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Crude Oil Prices: The Million Dollar Question
If Europe is so weak then why does oil continue to climb? - in TheStreet.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
Natural Gas Futures & Jose Gonzalez Song
I opened a 6 month chart of Natural Gas Futures and the thing that immediately came to mind was one of my favorite songs..."How low, are you willing to go..." (Jose Gonzalez).
Nov 7, 2011
Oil Crosses 200-day SMA. Don`t Chase It.
"The price of oil (WTI Crude) has broken back above its long-term 200-day moving average today. It's the first time oil has been above its 200-day since July." - in Bespoke
If ECRI`s bearish call on the economy is indeed right, there`s plenty of downside risks to oil prices here. Anyway, after this big run, rallying from mid 70`s to mid 90`s the upside is probably very limited in the near term...
Related: United States Oil Fund LP (ETF) (USO)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
If ECRI`s bearish call on the economy is indeed right, there`s plenty of downside risks to oil prices here. Anyway, after this big run, rallying from mid 70`s to mid 90`s the upside is probably very limited in the near term...
Related: United States Oil Fund LP (ETF) (USO)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
ECRI: The US Economy Is Heading Into Recession
Early last week, ECRI notified clients that the U.S. economy is indeed tipping into a new recession. And there’s nothing that policy makers can do to head it off. - in Business Cycle Website
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
ECRi`s Achuthan: Downbeat On The US Economy
I always like to listen to what Lakshman Achuthan has to say. ECRI has been spot on regarding their macro calls.
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
McDonald`s Is Lousy For Food, But Great For Stock Investing
McDonald`s (MCD) just hit a new 52 week high. My stomach can`t handle their food, but my account surely could handle MCD... :)
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try the TraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
85 Percent Of S&P 500 Stocks Are Above Their 50-day SMA.
Another bearish argument... The market also looks over extended if you look at the percentage of stocks above their 50-day simple moving averages: 85%!
You can find out more about the Author`s Core Trading Beliefs here and you can try theTraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
You can find out more about the Author`s Core Trading Beliefs here and you can try theTraderHMS Newsletter free for 10 days, emailing to traderhms@gmail.com
I Don`t See Much Upside For Apple (AAPL) In The Short Term
I am considering generating a trade setup around that idea. While I am not ultra bearish on Apple (AAPL) I also do not expect it to rally through 400 USD convincingly in the short term.
Volatile Globex Trading. Bearish Bias.
It has been a very volatile Globex session. ES Futures have traded has low as 1232 and as high as 1259.50. That is a big range!
I am keeping a bearish bias but I expect a volatile session/week with a little bit of everything to please both bulls and bears.
Have a great day!
I am keeping a bearish bias but I expect a volatile session/week with a little bit of everything to please both bulls and bears.
Have a great day!
Nov 3, 2011
I Still Like Mosaic (MOS)
I still like Mosaic (MOS). I should have bought it on Tuesday`s weakness. Now I have to wait for the next correction...I hope it does not rally away from me.
Financials Are Weak Today. Market`s Soft Spot.
Financials are today`s soft spot. They were trading red and just turned green a few minutes ago.
They are good shorting plays for intraday setups.
Stocks: Bank Of America (BAC), JP Morgan (JPM), Citigroup (C)
They are good shorting plays for intraday setups.
Stocks: Bank Of America (BAC), JP Morgan (JPM), Citigroup (C)
Mean Reversion Trading
These wide ranging, very volatile markets are always good for some mean reversion trading.
Is Greece The World`s Super Power?
If aliens visited Earth and glanced through the newspapers they would quickly conclude that Greece is the world`s super power. This is becoming pathetic... Time to move on!
Nov 1, 2011
Leon Cooperman: 15,000 Stocks To Choose From
"The stock market has 15,000 publicly traded companies that are in my universe. I think the banks are challenged. We try to look where we can put together a decent story, and there’s plenty of very cheap stocks." - Leon Cooperman, CEO of Omega Advisors
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