Posted by 31 May 2003

A Look at the Dollar

I thought I’d post a chart of the dollar since I’d been mentioning the recent slide so much. The dollar actually had a nice bounce (+0.92%) on Friday, presumably due to the good Chicago PMI report. It looks like it may be stabilizing on the daily chart. But I think the long-term chart is more [...]

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Posted by 31 May 2003

Breaking It Down

For a while now I’ve been meaning to explain who I am and how I trade. After reading Dr. Steenbarger’s blog today, I’ve been inspired to do it, so here goes. It appears that my trading philosophy is very similar to that of Dr. Steenbarger. I’ll attempt to use similar headings so you can compare [...]

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Posted by 30 May 2003

Cliffhanger

We had a real stalemate at the end of the day. The S&P 500 bounced between 960 and 965 for the last 90 minutes of the day. But it closed at 963.59… what a tease. Perhaps it’ll be able to break 965 next week. I think I’m done for the day. Time for me to [...]

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Posted by 30 May 2003

Watch those levels

The market is flying now as word of the national terror threat level being lowered to yellow. NASDAQ is bumping up against 1600, and the S&P just blipped over 965. Should be an interesting final 90 minutes of trading today.

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Posted by 30 May 2003

Sell the News?

We’ve got a nice rally underway based on the much better than expected Chicago PMI report. We’re hovering just above yesterday’s highs right now. I can’t help feeling that now that we’ve got a clearly positive economic report there will be a bit of a “sell the news” reaction. We’ll know soon enough. (Damn, I’m [...]

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