Tag Archives for " trading "

0 Don’t Tinker with Trading

When used as a verb, tinker has the following definition: attempt to repair or improve something in a casual or desultory way, often to no useful effect.

When I was younger I would have several successful trades or weeks, then get hit by a big loss or several losses and I would immediately start to tinker with my trade setups and indicators.

This of course immediately messes with your head and doesn’t help. I was reminded of this as I watched golf this weekend. Continue reading

0 Netflix | Say Hello to Mr Bear!

0 CAT | Sputtering Global Economy

In this stock chart analysis video I look at the long-term weekly and daily chart of Caterpillar (CAT) to see what the Elliott Wave picture is telling us.

0 Signs the Bulls are Stumbling

In this video I see some signs that the bulls are stumbling. I look at the Dow Jones Industrial Average (DJIA) and the Russell 2000 (RUT) daily and weekly charts.
I then see what’s happening with the VIX and 3 key ETFS.

In focus today are the S&P BioTech ETF (XBI), Valeant Pharmaceuticals (VRX) and Goldman Sachs (GS). This video is an abbreviated version of what I provide to my Insider Members.

0 How Could We Be This Wrong?

The jobs report came out Friday morning and all the analysts on CNBC and elsewhere were stunned. Most were expecting jobs growth of 160,000 for May. Instead we got 38,000!!!

And March and April were revised down also. As Jim Cramer said on CNBC, ‘we track all this data, how could we be this wrong?’  I think that pretty much sums it up.

Then all the financial stocks got whacked. The dollar dropped. Gold, Yen and long-term bonds popped to the upside. The stock market really took a hit the first hour but clawed its way back, still down on the day.

The video below is an abbreviated version of what I provide my Insider Members. In today’s video, in addition to the market I look at 3 financial stocks…Bank of America (BAC), Citigroup (C) and JPMorgan Chase (JPM).