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looking at many charts, I do agree this would be a great time to go long. I was nibbling from the long side on Friday and I held on to those positions over the weekend we shall see tomorrow - I just hope we don't get more bad news ala Citigroup etc. but short-term certainly we are due for a...

I think S America is supplying lots of raw materials to China, so that area could continue marching upwards too... Bovespa BSVP I think

I have a bearish bias right now (I trade both sides), but I doubt a crash will ever come again in this environment where people have many ways to play both sides i.e. shorting ETFs, short mutual funds, commodity ETFs, ease of shorting stocks etc. When the market drops, some shorts take profits...

China markets are running on fumes. Next 10% drop in one day is coming pretty soon... both to China equity markets and US markets too. My indicators say sell this week...

The one thing that could ruin the party is financials. Take a look at $XBD or $BKX (broker/dealer and bank index), they are not performing as well as the rest of the market. Market being led by mainly commodities and energy stocks. Also watch China it has had a very good run and some pullback...

I like this line best: "If your stock performed that much better when you had a refinery on fire would you invest in fire extinguishers or matches?" Sometimes my cynical mind runs off on a tangent thinking about the Nigerian rebels paid to kidnap such and such only to release them a few...

Just my personal opinion, and IMHO, I think discretionary trading is far better than automated stuff. Reason is, most people lose from entering positions or trades that visually they should have stayed away from. If you can teach a computer this, then great! Otherwise just relying on indicators...

We are also headed for a record high on the NYSE Composite Index today! If not achieved today, definitely next week, we are only a few points from the record!! http://lauristonletter.blogspot.com/

looks amazing, but would be great to have another look after a while and see if there is consistency, say maybe 6 months or 1 yr. Good results though!! http://lauristonletter.blogspot.com/

totally agree. Like someone says (can't remember who), "no tickie, no tradie". if there is no setup, there should be no trade. period :)

being a short holiday week, I don't expect much to happen after yesterday's gap up and rally. If anything is to happen, more likely next week. Next phase is going to be earnings which should be more exciting. Better to conserve cash and wait for the real good moves and avoid the chop of today or...

just noticed this thread after posting on another, should have done it here: As I noted before from other sources, Iran wants prices up while Saudis want it lower. Iran tried the nuclear angle and it worked for a while, but crude started dropping. Now the sailors issue has brought them back...

As I noted before from other sources, Iran wants prices up while Saudis want it lower. Iran tried the nuclear angle and it worked for a while, but crude started dropping. Now the sailors issue has brought them back up. Many in the oil industry must be quite happy with status quo, may even wish...

I am also leaning bearish, but my indicators are suggesting neutral, or a small rally to come before we start to plunge seriously. I use volatility indexes and put call ratios. Currently VIX suggests mixed/neutral, could suggest drop in stock if VIX dropped a little i.e. small rally or...

i used to do what you are doing, but in the end I was overwhelmed. then I decided to focus on just a few stocks (big caps) and indexes via ETFs like SPY IWM QQQQ XLE and OIH. These have very good intraday ranges, so I missed nothing from the volatile stocks' days! Also, since I started trading...

Not sure you can forecast it, but you can take advantage of extreme implied volatilities by fading them or the underlying issue. That is exactly how I trade, with put call ratios added in but not necessary condition. I am going to do a post this evening per Brett's suggestion (TraderFeed...

the reason being given today for crude oil spike is the usual Iran and now Nigerian politics (death of opposition leader) I think this hype is being cranked up for obvious reasons and when it stops we may see a sizable drop in crude. These reasons are not sustainable for long IMHO i follow...

Interesting to be discussing a bull trap, just today I decided to take a different angle of the "Fed" trap. I think we are in for a very rocky April with crude oil, housing, earnings etc. Here was my take today: http://tinyurl.com/2mg2dd If the yen carry trades are taken off again, it...

Some new blogs: http://blog.afraidtotrade.com/ Really good with strategies and entry/exit rules etc. This is one of my favorites http://optionstheeasyway.blogspot.com/ Another one I like for good lessons on trading and charting especially "flags". Amazingly profitable...

We got those hammer candlesticks on the major equity indexes today. This is just one-day candle and not a cluster as we had before Feb 26th plunge, but I think the bounce is over and we are due for another correction or significant pullback. I do think oil stocks and other commodity stocks need...