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That's just the point of what I wrote Friday and then followed-up with today. There is no impetus for anyone to do anything major. The major selling pressure (at least for now) seems spent yet nobody wants to be a hero and buy stocks either. So, we're stuck in this trading range.

This will counterbalance Friday’s piece a bit re why there is quite possibly a ceiling on the market, but then isn’t what makes a market the hashing out of both sides? So let’s quickly discuss simply from market action last week three pieces of news. First, quite possibly getting the least...

OK. This one may sound a little out there, but stick with me. And I must credit one of my best friends for putting the concept of this piece in my cranium. A little background first: a recent survey of money managers I saw (and I cannot find the Internet link so I apologize ahead of time for...

Stoney- I absolutely appreciate what you did. I thought I was clear...sorry if I wasn't. I wasn't talking back per se; rather, I have a darn near OCD compulsion (within reason) to respond/clarify whenever anybody makes requests of me. You have to udnerstand- right now, I am working full...

This is correct as is what Sakaba says. There is often-times a pop on what Cramer says in the next day's trading. If it is a bad market, there are often good shorts (witness what JNJ and FDO did early today after trading higher). I am not looking to hold his picks...but there is mone yt obe...

Committing suicide via shotgun is faster than knicking oneself non-stop, but the same purpose is accomplished. Sorry for the morose analogy, but constant small losses leads to financial death. I know. I've been down that the 'small losses' road many times in the past; it is not a pleasant drive.

One of the biggest and easiest ways for traders to lose money is to scalp the seemingly ‘safe’ plays while not being aware of the news and/or while ignoring the general market trend. Traders obviously do not want to lose, but many times in playing prevent defense, they prevent themselves...

As for this statement, you again make my point: “Anyway with that said we encounter a market pull back today and it might be a good time to initiate longs.” Is there 0% chance tonight of another SAY or a terrorist act or whatever? Thus, I have no idea whether one should initiate longs or...

Stoney- first, a big thank you. Will do this in a couple of parts. I love discussing this stuff with people clearly my intellectual equal or superior; it is a tool I use to learn and improve myself as a trader much less human being. Could not agree more re the whole talking heads stuff...

One of the features of the recent relative quiet bull channel environment has been the absolute necessity to get out of your trades when you are wrong. This is particularly true in even the best of set-ups. Yesterday afternoon, I witnessed one of the best theoretical paper trades I’ve seen in...

I humbly take the compliment, but really, it is undeserved. Again, I am not using this list for swing trading as you noted, but I am pleasantly surprised to find that traders with much more foresight and more of an iron stomach than I are really utilizing these lists in ways I did not foresee...

First and foremost, I am so sorry that you clearly have had a financial ordeal to endure this last year. It is ver stressful, unhealthy, and all in all wretched. So, I truly am genuinely sorry because I know what it feels like to have lost money as I took two big hits myself many years ago...

I wrote this up awhile ago so sorry for the dated example: Frequently, a pattern occurs which has been referred to in this space as an “A-B-A2” action. As this blog gains a bit of a following, this pattern- particularly in this market- should be explained further. Many times, a stock which...

Well, the new year has started and…ho-hum. Volume yesterday remained very lackluster and the general malaise that has overtaken the markets trading-wise over the last few weeks continues. There are a few reasons for this. First, a lot of people are just coming back from several days if not...

In the late 1980’s, when the Japanese management style was all the rage, an image that was repeatedly shown on TV was that of groups of Japanese traders standing in a room at the Tokyo Stock Exchange and doing jumping jacks before the opening of the market. Always at the beginning of the...

The EDGX book is a part of the ISE. Thus, one actually trade with the ISE but not EDGX yet one cannot trade ISE without trading EDGX. For instance, PSEX is the leading ARCA bid/offer. NASD is theleading NSDQ bid/offer...but one can trade with NASD and not NSDQ. Thus, it looks like therei s a...

So, we’ve now shaken off the cobwebs of the New Year’s parties and flipped the calendar over to 2009. Now what? Well, first, don’t expect many answers today as the crowds of traders take one more day off and maybe not even next week amidst a relative dearth of news. There are two main...

The last day of the trading year can sometimes be quite interesting. Usually, the last day of trading acts like the previous 5-10 business days thus it is likely to be quiet today as well, but one never knows. There are two main forces at work today which the straggler money managers as well as...

There are a few unique features which tend to occur only around this time of the year. One of the more prominent features which the day traders that are around tend to love is the reaction to the CNBC chatter. Most institutional players either are away or have little interest in trading this...

These are the volumes for the last several trading days of the QQQQ instrument: 172.1 million, 160 million, 142.8 million, 118.3 million, 95.4 million, 68.8 million, 27.2 million, 20.9 million. The pace of trading has not just slowed down these last few days; it has completely collapsed. On the...