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I just got back from Disney. If you don't mind being out in the rain, go on a cold rainy day. No lines! We got on all the rides in under 5 minutes of waiting. I just wanted to write a few brief words about the market. For the most part it can be summed up by saying yuck! The Nasdaq 100 right...

Led by higher oil prices the major indexes lost ground on Friday. The S&P500 lost 9.17 points, closing at 1200.08 while the NASDAQ Composite lost 18.12 and close at 2041.60. Volume was slightly higher, increasing 1% to 1.45 billion shares on the NYSE and increasing by 2% on the NASDAQ to...

Thursday was a rather mixxed day. The S&P500 gained 2.24 points, closing at 1209.25 while the Nasdaq Composite lost 1.57 points and closed at 2,059.72. Volume on the NYSE increased by 5% to 1.6billion shares while the Nasdaq volume declined by 1% to 1.84 million shares. On both exchanges...

Trading the markets takes a lot of nerve. Decisions often need to be made quickly, and if one flinches, one may miss a significant price move, and divert a sound trading plan. Fear and anxiety often are at the root of hesitation. One may fear a loss, fear being wrong, or fear not having an...

I have gone back to cash except for some thinner issues that I dont feel will trade with the market. I also shorted IBM on the open and have covered the majority of that. I will look for 93 on the balance. Brandon

On Tuesday the S&P500 gained 11.42 points, closing at 1,195.94 while the NASDAQ Composite closed at 2,106.04, gaining 18.13 points. Overall volume was lighter on this rally, coming in at 1.58 billion shares on the NYSE and 1.95 billion shares on the NASDAQ. Ideally we should see heavier volume...

I would agree with that. The FX brokers dont charge "commissions", but by the time you pay the pip spread you are much better off paying commissions and getting slippage on Globex. Brandon

On Friday the S&P500 gained 7.07 to close at 1,184.52. The NASDAQ Composite gained 17.35 and closed at 2,087.91. Volume on both exchanges was down to flat, with 1.33 billion shares changing hands on the NYSE and 2.09 billion shares traded on the Nasdaq. Of note is the fact that both exchanges...

Stocks continued to be under pressure Tuesday, not once trading in positive territory. The S&P500 closed down 7.26 points for the day to 1,182.99 while the NASDAQ Composite lost 17.42 points to close at 2,079.62. Volume increased slightly across the board, which is not what we would like to see...

Going back to the end of December I must say I have been about as interested in the stock market as I am in having Toni tell me what’s going on with “The O.C”. So, it hasn’t done much for me. So far it has been a good year, I’m already up over 10% from being long Cotton and the Dollar...

Someone much wiser than me once said you can have anything you want in this life provided that you are truly willing to pay for it, but the price is rarely paid in dollars and cents. Whoever it was that first said this may have been a successful speculator, because it is certainly one of the...

Just to let you all know I'm still here. This being the end of the year I am wrapped up in family stuff and have mostly shut down the trading until the New Year except for some index and futures positions. If anyone is interested I think the Euro is topping out here and I have gone short the...

I’m usually one of these very opinionated people. If you ask me about the markets at any given time, I might think its going up or I might think it’s going down, but I tend to have an opinion. I’ve got to tell you, I don’t really have an opinion right now in the intermediate to short...

Most daytraders I have worked with trade too much. Brandon

Ok, so on second thought I am happy that the snake not bite me Tuesday because Wednesday turned out to be one of my best days of the year. Luck always plays some role which most people have a hard time admitting, but I also do believe that hard work puts you in a position where its easier to get...

What a day! Ok, not really, in fact the highlight of my day was defiantly the stand off between Nina (one of our cats) and a big black snake swimming in our pool. Nina is fine, and we managed to shoe the snake out of the courtyard, so I suspect he is fine too. Truth be told, by the end of the...

We could easily rally into the new year, and even into the first or second quarter of next year. I still have long exposure so I wouldnt feel too bad to see it. In the bigger picture though I am bearish and starting to accumulate more cash and shorts. Brandon

It’s hard to put much importance any of the action we saw last week. The highlight for most people I talked too was that they did not have to work at all after Tuesday. But with that in mind I have been over the last several days finding myself feeling increasingly bearish. Some would say I...

That is an awesome chart. Brandon

Keep on a journal and treat that like your mentor/coach. Its the best one you are likely to find. All your secrets will be there if you look. Brandon