Stocks Selloff The Day Before The Beautiful Thanksgiving Day Holiday, Surprising Most Stock Traders Who Are Used To A Thanksgiving Rally
November 22, 2007 | 2 Comments
THIS IS THE COMMENTARY THAT FOLLOWED THE CLOSE OF WEDNESDAY’S MARKET. THERE IS NO WEEKEND COMMENTARY FOLLOWING FRIDAY’S MARKET SESSION AS THE SHORT BULLISH SESSION WAS TOO IRRELEVANT TO ADD ANYTHING OF IMPORTANCE. I WILL ADD SOME NOTES THAT WILL UPDATE SOME OF THE POINTS MADE ON WEDNESDAY, BELOW IN THE COMMENTS AREA. ENJOY YOUR USUAL LONG THANKSGIVING WEEKEND. ALOHA!
Five New Short Positions And One Stock I Am Adding To My Existing Short Positions
November 22, 2007 | Leave a Comment
As the market continues to selloff without any real bounce relief you would think that their was not a lot of stocks out there that would not be too extended to the downside. While there definitely is a ton of stocks that have “nasty charts” there are a lot of stocks out there that are still just starting to breakdown and obviously since the market just topped it is going to be weeks to months before these old leaders are ready to rollover.
One New Speculative CANSLIM Long Position For Friday’s Holiday Shortened Session
November 22, 2007 | Leave a Comment
Longs and Shorts for November 21
November 21, 2007 | Leave a Comment
New Longs:Â APEI
New Shorts:Â GYMB
A Very Wild Intraday Session Ends With Stocks In The Plus Column; Day One Of Rally Attempt
November 20, 2007 | Leave a Comment
There is no other way to talk about today other than to say it was very volatile and got the emotions of both bears and bulls moving in extreme moods. The market decided to gap open, move higher on its way to looking like it might be a follow-through day, then rollover and selloff to its LOD, only to then reverse and head higher sending the DJIA and SP 500 near their HOD. The market did back off in the final few minutes, however, and prevented the markets from closing at their highs.
One New Short Position For Wednesday’s Market Session
November 20, 2007 | Leave a Comment
One New Speculative CANSLIM Long Position And One Stock I Am Adding To My Existing Long Position
November 20, 2007 | Leave a Comment
Longs and Shorts for November 20th
November 20, 2007 | Leave a Comment
New Longs:Â FFH DAR OSIP
New Shorts:Â CSX ETP SPG JASO NOC HPQ HET GRMN
So Much For A Bounce-Maybe We Will Get One Later This Week; Stocks Officially Kill Rally Attempt From The 11/12/07 Lows
November 19, 2007 | Leave a Comment
I expected that we would get a bounce as oversold as we were coming into Monday. But proving to EVERYONE, once again, that you never know what the market is going to do, the market decided to selloff. The only good news, for bulls, about today’s selloff is that the volume was lower than the volume on Friday. However, Friday’s volume was skewed to the up side thanks to triple witching of options. Still, the damage done by the selling was bad enough that volume really doesn’t matter.
Eight New Short Positions For Tuesday’s Trading Session
November 19, 2007 | 2 Comments








