Monday, April 30, 2007
Saturday, April 28, 2007
Friday, April 27, 2007
I'm staying away from trading until Monday...my head's just not in it.
Thursday, April 26, 2007
Wednesday, April 25, 2007
COF was a good entry on the low of the 10th bar. I thought it was going to flop for a while there, but ended up reaching my target, where I bailed out.
New home sales were up 2.6% in March. Compared with sales of existing homes that's down 8.4% in March, the biggest decline in 18 years. Meanwhile, the Euro is approaching that all-time high vs. the U.S.Dollar.
Tuesday, April 24, 2007
Saturday, April 21, 2007
We're settin' records (or approaching them) all over the place. The dollar vs. the GBPound is at a level not seen since June of 1981 ($2.0133). The Euro is approaching a record vs. the USDollar ($1.3638)and touching resistance set just over two years ago. Meanwhile, Gold is nearing the $700/ounce mark. All that AND the Dow Jones Industrial Average setting off a record high, the S&P 500 nearing resistance set back in January of 2000.
Friday, April 20, 2007
Thursday, April 19, 2007
I came across this chart while going through a morning scan. I still consider myself very much a newbie to the trading world. So, I'm still not sure how something like this happens exactly. Looks like I have some research to dive into. This print had a range of $11.14 to $10,230.73 and closed that 15 minute candle at $11.15 (that particular print took place within a timespan of 1 minute).
Wednesday, April 18, 2007
until they're burned into my brain and they penetrate my dreams.
Tuesday, April 17, 2007
Sales down (1%), Profits up (19%) for Intel Corp. (INTC). As stated in this linked article..."It will update its processor roadmap this fall when it starts manufacturing a higher-performing chip called "Penryn." By 2010, the chipmaker's goal is to cut power consumption by 10 times in its family of microprocessors." They're making products that will be making our future.
Monday, April 16, 2007
There was some hesitation on my part with APOL, with an entrance on the low-end of the sixth bar. Hesitation payed off with a 6R gain.
ERIC was one I wasn't happy with at all. It payed off in the end better than I thought it would have. I got in around the high-end of the 7th bar, nearly got stopped out mid-afternoon and closed out at end-of-day with 1R.
AMZN was a late entry (middle of 8th bar) but a decent 3R at the end-of-day.
Sunday, April 15, 2007
Saturday, April 14, 2007
It cooks really fast (email me for some personal recommendations as to how to cook it) and combined with some Bragg's Liquid Amino's makes a quick, tasty, and healthful snack. Eat it Up!
- 11 essential and 22 trace dietary minerals
- 18 amino acids
- 6 essential vitamins
- 8 polysaccharides and 6 monosaccharides
- 5 unsaturated fatty acids, including the essential fatty acids, linoleic acid and alpha-linolenic acid
- beta-sitosterol and other phytosterols
- 5 carotenoids, including beta-carotene and zeaxanthin, lutein, lycopene, and cryptoxanthin, a xanthophyll
- numerous phenolic pigments (phenols) associated with antioxidant properties
- Calcium- 112 mg per 100 gram serving, providing about 8-10% of the Dietary Reference Intake (DRI)
- Potassium- 1,132 mg per 100 grams dried fruit, giving about 24% of the DRI
- Iron- 9 mg iron per 100 grams (100% DRI)
- Zinc- 2 mg per 100 grams dried fruit (18% DRI)
- Selenium- 100 grams of dried wolfberries contain 50 micrograms (91% DRI)
- Riboflavin (Vitamin B2)- At 1.3 mg, 100 grams of dried wolfberries provide 100% of DRI
- Vitamin C- a wide range (from different sources) from 29 mg per 100 grams to as high as 148 mg per 100 grams (respectively, 32% and 163% DRI)
- Beta-Carotene- 7 mg per 100 grams dried fruit
- Zeaxanthin content in dried wolfberries vary considerably, from 25 mg per 100 grams to 200 mg per 100 grams. The higher values would make wolfberry one of the richest edible plant sources known for zeaxanthin content. Up to 77% of total carotenoids present in wolfberry exist as zeaxanthin.
- Polysaccharides are a major constituent of wolfberries, representing up to 31% of pulp weight.
Friday, April 13, 2007
The Nasdaq Composite Index (.IXIC) filled the gap it created back in February. Today's range (lookin a little hanging man-esque) didn't make it into the shadow above the gap, so we'll have to wait until Monday (confirmation day) to see where things go from here. I can just see a graph like this one in trading books of the future under the subject of gap fills, W patterns, Bottom trade entry, etc.
I like this one too for what you see when you snap the Fibonacci Price Retracement Lines, a bounce right off the 38.2% line.
Thursday, April 12, 2007
Wednesday, April 11, 2007
Tuesday, April 10, 2007
Apple Inc. announced the sales of 100 million iPods since their release 65 months ago. That works out to somewhere in the ballpark of 51,100 iPods per day!! "The company also noted that it had sold more than 2.5 billion songs, 50 million TV shows and more than 1.3 million movies through its iTunes music and media store." "Apple has introduced more than 10 new iPod models, with five iPod generations, two generations of iPod mini, two generations of iPod nano and two generations of iPod shuffle. The company has increased capacity of hard disk-based iPods from 5GB to a maximum of 80GB." Much like the cell phone, who doesn't have one these days?
- "American exports, made more competitive by a weaker currency, are helping prop up economic growth, offsetting slumps in housing and corporate spending. The euro's 2.5 percent gain since the end of January, meanwhile, should help Trichet combat inflation, complementing the ECB's interest-rate increases."
"While Paulson...has hewed to U.S. policy of the last decade by backing a "strong dollar,'' he has coupled it with a view that markets, not governments, set exchange rates. That has allowed him to shrug off the dollar's decline, especially because it aids his nation's economy by making American products cheaper overseas. Exports are providing the U.S. with a needed boost after growth slowed to an average annual rate of 2.4 percent in the last three quarters of 2006, having expanded 3.2 percent in the prior year."
"For U.S. policy makers, a weaker dollar against the euro is not even on their radar screens as long as it's happening in an orderly fashion.''
"Meanwhile, China's yuan, whose movements are limited by the government, gained 0.5 percent against the dollar, while declining 3.2 percent versus the euro...The result: European officials will likely join Paulson in urging China to let the yuan strengthen more. The G-7 on Feb. 10 called on countries with widening trade surpluses -- especially China -- to let their exchange rates "move'' more against those of trading rivals. Trichet and fellow Europeans may also repeat their February warning to investors to avoid making "one-way bets'' against the yen."
- "Even a modest drop in the dollar would help fortify the world economy by narrowing international imbalances such as the U.S. current-account deficit...The shortfall reached a record 6.5 percent of gross domestic product last year."
- "The impact of the dollar's decline against the euro is already emerging. Europe last year posted its first annual trade deficit since 2000, while U.S. net exports contributed the most to U.S. growth in a decade during the fourth quarter."
- "There is no clear reason for the U.S. to stand in the way of a weaker dollar,'' said Sophia Drossos, a currency strategist at Morgan Stanley in New York."
I've been watching Gold creep up to spring '06 levels slowly and quietly over the past few weeks. June '07 delivery is up $6.20 to $681.50 an ounce today mostly on news of the U.S. bitch-slapping China (filing two cases with the WTO) for the "piracy and trade issues" that are going on un-curbed. Everyone knows China doesn't take to kindly to being bitch-slapped, but what we're not sure of is how they'll slap back. Looks like a lot of investors are puttin their bets on Gold and against the U.S. dollar.
Gold has been ramping up lately and looking skywards to test resistance at the May '06 (June contract) $732 mark. Lookin' awfully bullish with that fast MA on top and the slow MA on bottom, while the RSI not showing any signs of OB sentiment. $700/ounce gold here we come?!?!!
Meanwhile the U.S.Dollar is (under) performing like some C student from Harvard or something.
Sunday, April 08, 2007
There you'll discover a treasure trove of charts and information to go through. You'll also find an excellent KISS (Keep It Simple Sucka) strategy towards trading. Where you'll want to go (and likely bookmark) is his archived Trading for Dummies Q & A section.
Saturday, April 07, 2007
"For an uptrend within the period of consideration, draw a line from the lowest low, up and to the highest minor low point preceding the highest high so that the line does not pass through prices between the two low points." Here was my final result:
What I screwed up on at first was drawing the line from point to point but realizing that there was an instance of the line passing through price between the two points, as is instructed not to allow.
Thursday, April 05, 2007
Wednesday, April 04, 2007
...is Apple Inc.. Ever since Apple has switched over to Intel chips the two companies have been making headlines (independently) ever since. And now Apple brings to the market an OctoCore!! That's TWO!! quad core Intel Xeon processors!! Running up to 3.0 GHz!! 16GB of RAM!! 4 hard drives that can support 3 TB!! of memory!! It never fails; I buy a brand new mac, and three months later they introduce a new and improved model. This company has been making leaps and bounds with its product development over the last 5+ years. Amazing stuff people!! Some are even projecting a $200 share price for '07!! I own it, and I'm holdin' on to it.
Lately it seems I'm reading something about either IBM or Intel and how they're unveiling a new chip, or processor, or other cutting edge technology. Looks as though we're quickly approaching that paradigm shift Ray Kurzweil talks about in his book;
"The Singularity is Near, When Humans Transcend Biology."
This one had a couple of tells. The 6th bars long upper shadow and breaking/closing above the opening range, and the confirmation that followed the NR7. I was about ready to jump ship after the hanging man on the 17th bar. This was another trade with a very tight stop.
Tuesday, April 03, 2007
ok, so I know it's been a while since I've posted. But, let's face it, I know nobody out there actually reads this blog (yet), so what difference does it make? I know that's no excuse, but I have to blame someone other than myself, right? Anyway....here's a good one I found this morning. GROW...i noticed what looked to be a three white soldiers-esque pattern marching off the $30 price point. Today was a good green day all over the indexes.