Recent content by tommymoose

Nice entry.

Well I was wrong. I didn't take my losses yet, but put my stop right above last weeks high. The market blew past the zone I was looking for a reversal at, so I don't see much of a technical reason for it to stop here... barring some big news this looks like one in the L column.

Nice call JSS. My uncle point is 1180 S&P, but I've gotta admit a breakout of this strength doesn't bode well for my position.

Good analysis. I agree, the bottom of the trading channel is a higher probability target, and I'll be covering half of my short at that level. I guess where some of us differ in thought is that while these signals (MACD rollover, top of channel, etc) point to a pull back, I suspect that...

Hey there JSS :) Well, you don't have to agree with me that we're headed to 950... that's largely based on levels and waves... but just looking solely at your favorite indicator (MACD) on the daily timeframe, don't you think it says we're rolling over?

This is the commentary I love to read right after I put on a short position. Good luck if you're long. Final target of 950 on the S&P with my stop at 1175 (although I doubt we're breaking 1150 again). It's a position trade, so I'm not too concerned with the way in which we get there, but...

Shorting 1140-1160 for the big move down to 950.

Vanadium is used in several alloys. Titanium 6Al-4V in particular is used widely in the flight and space industries (I use it all the time!). The alloy goes into everything the US Gov. buys - missles, satellites, planes, you name it. Now it's easy to see why this is a touchy subject for Uncle...

http://finance.yahoo.com/news/Banking-execs-say-govt-needs-apf-1176865107.html?x=0&sec=topStories&pos=1&asset=&ccode= It's downright outrageous and depressing to see them even ask for such a thing. Hasn't it only been a couple years since we identified the root cause of housings problems to...

$Cost, for every vocal idiot out there there are probably dozens of people out there like me that love hearing what you have to say. Keep killing it :)

Posting here for the first time since this call... Getting a position-trade short on at this level ~1115 S&P cash. I'll add between 1140-1150 if we get there. Stop at 1180. Target at ~950.

I come back to this website pretty much exclusively to hear what you have to say Cost! Very nice call on the similarities to 1929-1930. I had the 1220-1240 zone charted for months now, but your post served as nice bit of confirmation it was time to lighten up big-time. Thanks! I know...

Watching for a rebound to 1211 for the big short opp.

Nice... I interviewed at Scotias NY office. The total-return-swap desk was pulling it in during the credit crisis since you canucks were the only ones with capital! Your plan sounds good. Focus on the grades and know that the guys in your portfolio honors classes may be your competitors at...

Just some insight from someone who was in your shoes only a few years ago. Your comments about jumping around from learning about 30-year bond/stock correlation, to exploring the coffee markets, etc. totally resonate with me. I found (and still find) the markets totally fascinating for all...