Posted by 12 June 2004

Nothing to See Here

My outlook on the market hasn’t changed much since Wednesday morning. It’s still slim pickings on good risk/reward setups. I’ve got a whopping 5 longs and 2 shorts on my candidate list for Monday. The indices are still toying with those old downward sloping trendlines I’ve been pointing out. Thursday’s action brought the Dow and [...]

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Posted by 3 June 2004

It All Hinges on the Jobs Report

I don’t really have much new to say about the current juncture in the market. We’re still basically in a holding pattern ahead of tomorrow’s employment report. Today’s sell-off was probably more of a buyer’s strike than anything. I decided to take my car in for servicing this morning (why aren’t mechanics open on weekends???) [...]

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Posted by 29 May 2004

Another Look at Multiple Moving Averages

Here’s an example of Guppy’s Multiple Moving Averages (MMAs) in action. Below is the NASDAQ daily chart for the last 12 months. The long term group of MMAs is in orange and the short term group is green. Note how the short term group tends to bounce off of the long term group when the [...]

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Posted by 29 May 2004

Let’s Review

I thought I’d walk through the NASDAQ chart for the last month or so to show you how I came up with my game plan. This chart will look a bit different than the charts I usually post because I’m showing Guppy’s Multiple Moving Averages instead of just showing the 10, 50 and 200-day moving [...]

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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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