Monday, March 31, 2008
Sunday, March 30, 2008
Friday, March 28, 2008
Thursday, March 27, 2008
(Football season is coming and you'll probably get a lot of posts on Alabama football)
Tuesday, March 25, 2008
Currently I'm bullish on this trade. DNR. Another nice hammer with great volume and then the day after the hammer there's a bullish engulfing pattern (another bullish signal); lastly today's price action with good volume makes me feel even better...
I had a longer post...but I don't feel like getting into it again because it messed up when posting...
Ticker MOS: Bullish day expected; MACD rolling up; gapped open above a fib line; it all depends on the close.
Picture of cramer funny
Have good day
Monday, March 24, 2008
In any case, I have mostly bullish positions on and I should be ok this week. I'm expecting a bullish run and that's why I expect to do good but my perception is never the markets resulting reality.
Price action is king!
Sent via BlackBerry from AT&T
Friday, March 21, 2008
I apologize for not posting again on this...MA (Mastercard); Break out or fake out?
Well, if you consider the swing highs that form the triangle (as pictured above); it closed the holiday week right above the resistance line. It traded higher than the line but pulled back just a bit. And it perks my attention that the massive amount of volume I was looking for to confirm a break out; happened on the previous day...and the previous day was a down day.
Overall, I'm cautiously bearish on this...in any case i'm not trading this because it would break a rule ("Don't trade stocks that are over $200 per share")...I'm posting about it because I like the technical pattern...
Have a blessed weekend!
Wednesday, March 19, 2008
It appears to be in a pretty good looking pendant. A rising tide lifts all ships? Could the Visa IPO lift this boat?
It looks like a technical dream if it closes above resistance with strong volume...COULD be breaking out. I'm not going to jump the gun, but volume has been increasing over the last several days; MACD has been increasing....and actually, volume right now is really heavy since I took this picture.
I have a vertical on this right now...185/180 Bull/Put for April. I think I'll be safe above 185, but I'll add a put or a bear/call if it can't break over the resistance line...Again, this photo was taken at 8:45am...things can change!
Have a great day!!!
NOTE: There is 4.581 times more call option volume today than there has been in the last 5 days with MA. Put option volume is 2.616 times the 5 day average...More up bets than down bets.
Tuesday, March 18, 2008
The market seems to like it right now...volume after the announcement was craZy! It'll be interesting to see how we close!!!
Sunday, March 16, 2008
Tuesday, March 11, 2008
Here are my open currency positions. I placed these all around the FED announcement today; then after the knee jerk reaction was over I exited a couple and reduced sizes in the others...
In any case, I have stops at break even for 2 of them (EUR/USD & EUR/CAD). I'm starring at the other 2 to see if I just want to close them out.
I'll keep you posted when I can...and if you haven't noticed, I'm extremely bearish on the EUR rig...
Monday, March 10, 2008
Sunday, March 9, 2008
I'll keep you updated
I just don't want it to be breaking from this pattern to break out to the upside. HOWEVER!!! I'm going to continuously watch this pair to play either direction (I just think it's going down because of the divergence and the 'hanging man' that formed on the 6th...*...but the EUR has been on a RUN!)
Friday, March 7, 2008
Tuesday, March 4, 2008
This is also where I make my trades when I'm not stationary in a building. I'm actually watching the cad/jpy right now...
I'll post again later on.
Sent via BlackBerry from AT&T
Monday, March 3, 2008
The CAD/JPY (above) did a weird thing in running down at 8:30am and then popping back up at 10:00am....I just don't like that and I'm not used to seeing this happen so I don't know how to handle...yet.
The GBP/JPY (above) did the opposite; popped up and then ran down....Again, not used to seeing this or trading this.
Waiting for re-entry....
It should be a good one. I'm actually going to Orlando on Wednesday for a sales conference and that should be fun.
Other than that, that's about all.