Posted by 6 October 2006

ININ, An Anatomy of a Friday Morning Daytrade

Michelle B submits: I remember reading about a French housewife who when asked by her husband every morning what they would be having for dinner would always give the same tireless reply: “It depends on what jumps into my market basket.” Some traders prefer to trade from a prepared watchlist. For me, trading is interesting [...]

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Posted by 3 October 2006

October 3, 2006 Stock Market Recap

The bulls were very stubborn today and were determined to push the Dow to a new all-time high. That feat was accomplished on an intraday basis but the index closed below the old high once again. Still, I didn’t really like the action today. The A/D line on the Nasdaq was slightly negative at about [...]

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Posted by 22 August 2006

August 22, 2006 Stock Market Recap

We went from an inside day yesterday to an outside day (barely) today on both the Nasdaq and S&P 500. Volume was once again on the low side. Despite the hawkish Fed commentary at 1:00 which caused a bit of a selloff, the bears couldn’t do much damage. Chalk it up as just another consolidation [...]

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Posted by 16 August 2006

August 16, 2006 Stock Market Recap

What a day! If only they could all be like this. This kind of action, a nice steady trend for the whole session, is perfect for my style of trading. I would have had a record R-multiple and dollar day today if not for the partial profits I took along the way. But that’s the [...]

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Posted by 2 August 2006

Frustrated After One of My Best Days of the Year

This was the day of the sympathy plays for me as I caught some nice moves in GameStop Corp. (GME) and Infosys Technologies (INFY). Each of those stocks was up in sympathy with another stock that reported good earnings today / last night, Electronic Arts Inc. (ERTS) and Cognizant Technology Solutions Corp (CTSH), respectively. That’s [...]

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