Posted by 22 November 2005

Trade of the Day: CMED

My short of CMED was the best and worst trade of the day. It was the worst because I broke a couple of my rules on it. I let it go too far against me and I averaged down. This was actually going to be a swing trade but it turned into a day trade [...]

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Posted by 22 November 2005

Watchlist for November 22, 2005

I’ve got my eyes on a few potential shorts for day trades today. At the top of my list are MNST and AAPL. (I hate to ‘root’ against one of my long term holdings but Apple looks vulnerable, especially given the iPod supply worries.) Potential swing trades: See one of the recent ‘Chart Reading‘ posts [...]

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Posted by 21 November 2005

The Melt Up Continues

The “never sell a dull market” mantra certainly proved true today as the indices continued to drift higher. The Nasdaq and S&P 500 made new 4-year highs while the big news for the Dow was it turning positive for 2005. The Dow is still some 160 points off of its 2005 high but at this [...]

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Posted by 21 November 2005

Watchlist for November 21, 2005

I’m not sure what to expect from this holiday week. The market is extended and probably better sold than bought, but this will probably be a dull market — and you know what they say about dull markets…. Potential swing trades: See one of the recent ‘Chart Reading‘ posts for some potential swing candidates. Potential [...]

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Posted by 17 November 2005

Chart Request: Japan iShares (EWJ)

EWJ still looks strong but it’s in consolidation mode. I wish I had bought it the last time I posted its chart. At that time it was real close to its 50-day moving average so the risk, assuming a stop loss was placed just below the ‘fiddy’, was very small. The risk/reward right now looks [...]

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