links for 2008-02-29

Posted on February 29, 2008 by admin

Real Estate Mogul Jeff Greene: The Man Who Shorted Subprime – Funny Business with Jane Wells – CNBC.com

(tags: subprime mortgage cnbc)

Candidates for 02/29/2008

Posted on February 29, 2008 by admin

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date	Sym	L/S	Close	MA(200)	Vol MA(100)	Reason
20080228	ACOR		20.83	20.01	427068	1

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Pre-market 2/29/08

Posted on February 29, 2008 by admin

A down day on major indicators of the market today breaking a two day rally. I am taking down my long-term for now. I am sticking to short-term which is from the 60-minutes chart and the intermediate which I get from the daily chart. Please take not these notation are subject to my own interpretation.

The current rally was interrupted by a drop and with the futures down and the news overall negative I think the down movement will extend in tomorrow’s (2/29) trading session.

	Intermediate	Short-term
NASDAQ	Sideways	Down
Dow	Sideways	Down
S&P	Sideways	Down

The NASDAQ is clearly still sideways in a wedge. We will need more then the short rally.			The 60 minute chart of the NASDAQ Composite shows how choppy short term movements can get in these markets.

I did have to adjust the DOW chart. I left the old wedge line for now but I am looking at rising triangle forming at the moment. This is positive, the symetrical triangle was continuation OR reversal, the rising triangle is more bullish.			The 60-minutes charts again shows how choppy markets get.

Like with the NASDAQ, the S&P is in the symmetrical triangle (wedge) still.			All three 60-minutes charts pretty much follow each other. I clearly see this down move extending into tomorrow (2/29).

Happy Trading!

links for 2008-02-28

Posted on February 28, 2008 by admin

Trading on Target, Trader’s Coach, traders coach, Adrienne Toghraie

Adrienne Toghraie is a trader’s coach. I have not read any of her material but I signed up for her newsletter and will be looking to get my hands on some of her books soon.

(tags: trading tradercoach coach)

Candidates for 02/28/2008

Posted on February 28, 2008 by admin

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date	Sym	L/S	Close	MA(200)	Vol MA(100)	Reason
20080227	ACOR		21.96	20.02	423722	1
20080227	JASO		15.9	15.23	9097904	1
20080227	MA		191.19	169.23	3897692	1

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

links for 2008-02-27

Posted on February 27, 2008 by admin

My Trading Tools : Trader Eyal

Excellent post by Trader Eyal. I love these posts about tools. Bloggers tend to post about that only once but really, updated posts are interesting too because things change so fast. In six months, a lot of your tools could be different.

(tags: bloggers traders tools)

Candidates for 02/27/2008

Posted on February 27, 2008 by admin

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date

Sym

L/S

MA(200)

Vol MA(100)

Reason

<br /><input type="button" value="Select All" onclick="javascript:this.form.text_area.focus();this.form.text_area.select();" /></form>
</p>
<p><a name="#1"></a>1. 5 Consecutive down days.<br />
<a name="#2"></a>2. Volume is 30% over the 10-day moving average.<br />
<a name="#3"></a>3. Volume is 70% over the 30-day moving average.<br />
<a name="#4"></a>4. Volume is 50% over the 50-day moving average.</p>
<p>Happy Trading!</p>
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			<p>Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.</p>
<table border=1>
<tr bgcolor=BLACK>
<td><font color=WHITE>Date</font></td>
<td><font color=WHITE>Sym</font></td>
<td><font color=WHITE>L/S</font></td>
<td><font color=WHITE>Close</font></td>
<td><font color=WHITE>MA(200)</font></td>
<td><font color=WHITE>Vol MA(100)</font></td>
<td><font color=WHITE>Reason</font></td>
</tr>
</table>
<form action="nothing"><textarea name="text_area" readonly="readonly"  rows="1"

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Pre-market 2/26/08

Posted on February 25, 2008 by admin

The end of day Friday rally continued most of the day today on the positive Ambac news. The middle of the trading session showed a little profit taking but overall, indicators closed up 1-2%.

I am keeping my intermediate status sideways at the moment but the Dow and the S&P seems to have poke through the upper boundary of the triangle. So I will be looking for confirmation on that on the upcoming trading sessions.

	Long-term	Intermediate	Short-term
NASDAQ	Down	Sideways	Up
Dow	Down	Sideways	Up
S&P	Down	Sideways	Up


The NASDAQ daily chart has not yet broken the wedge. But I don’t think this sideways action can be sustained much longer.	The 15 minute chart shows the profit taking mid-day but overall a positive close. We are back up to last Wednesday’s levels.

The Dow seem to be breaking the upper boundary of my wedge. It is one indication but it needs a lot more confirmation. We are still in a sideways market, volumes not quite enough to break this at the moment.	A very similar 15 minutes chart. Profit taking mid-day but an overall positive day.

The S&P seem to also be breaking that wedge so I will look for confirmation here also. The congestion could come to an end soon. Most vacations and other “anchors” are over so I will be looking for volume to increase as people see positive action and want to participate.	Another similar 15 minutes chart. Very strong push at the open following Friday’s news. A little profit taking mid-day and positive afternoon trading. I think this should carry into Tuesday with increased volume.