Online Stock Trading

Do not get sucked in, markets rebound from Tuesday

Today was just a rebound effort which is designed to suck in the inexperienced, irrational trader. Do not be fooled and think you need to trade. The Wall Street machine has a knack of tempting the weak to trade.

Worse one day loss since 9/17/01

All those blood curdly screams were the bulls running away from Wall Street all day long. China did a number on the pyschy of Wall St. The reasons given for the sell off began with China then backed up by comments made by former Federal Reserve chief Alan Greenspan. Who, just so nicely […]

Another Lesson

Do not listen to the talking heads on CNBC. I can not believe they let people on a show that recommends buying here. We just had the worse down day in four years and people want to buy here? We haven’t had a 10% in the LONGEST TIME…VIX at multi-year lows!!! […]

Lessons to be learned here…

One huge lesson is buying during an extremely late bull market.
Many more…
-MS

Selling races as bulls are left licking their wounds

It looks like we’ll be getting a much needed 2% correction in this market if all holds here. Holding steady here we’ll end the day with a distribution day marking the 2nd day of distribution. VIX index has skyrockted to 13.86 up 2.71 today.
Raising cash is the best thing to do […]

Do not get emotional!

FYI - Now is not the time to be doing anything irrational. Buying/selling on emotion will lose you money.
Are the bears finally right?
This may be the correction of 10% or greater!
-MS

Impending Crash: China

Shanghai…dropping nearly 9%.
Look for continous sell offs in the oversees market.
More later
-MS

The Nasdaq side steps another attempt of distribution

Mr. Nasdaq narrowly slid by today’s session without labeling the day as distribution. Even the great Alan Greenspan recession talk couldn’t push stocks to a distribution day. Industrials, S&P 500, 400 and 600 all finished in the red. The bull has definitely pushed into its final stage.

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