Online Stock Trading

Intraday reversal throws leaders and traders for a loop.

An expected decline in existing home sales had just enough juice to get the Bulls excited this morning.  GOOG for the better part of the day was enjoying nice gains.  All for not, stocks started the tumble just before noon.  By 1:30pmEST stocks gained momentum on the downside only to finish off the lows of […]

Stocks get the bottom dropped from underneath them, Bear trap or “THE” correction?

Russell rebalance dominated the latter half of trading on Friday.  Although volume SOARED at the end of the day,  volume had been running much lower.  However, once mutual funds who track Russell Indicies were forced to reposition their funds to reflect the new consituents of the index.  What looked like a horrible day from the outside, when you get right […]

What a day!

Going to take me awhile to sift through all the data coming in from today’s market.  Will post later this weekend, maybe multiple times. 
GOOG finishing up near its highs of the day??  Yet the general market is down more than 1%???  Yeah, to anyone this market is not clear in its direction. 
Enjoy your weekends and […]

Subprime, is disaster still looming?

I read an interesting post in the IBD forums.  This one is from donkeypox:
Subprime buyer buying using 100% financing in 2004:
Price of house = $500,000
1st TD = 80% = $400,000
2nd TD = 20% = $100,000
House goes to $550,000 in value in 2005.  Lenders offer a 3rd TD for $50,000 letting the buyer take out the […]

Epic battle continues…

Bears are on the upswing today although; volume appears to be on the lighter side.  We will need to see where the dust settles today.  The SOX is giving up almost half of yesterday’s breakout, not a great sign for those permabears.  As of now (2pm) the S&P 500 and NASDAQ are above their respective […]

Looking at the charts!

As promised, these charts are pointing towards more upside in the market

NASDAQ and SOX lead this market

Decent news out of the leading indicators and Philadelphia Fed helped the market higher.  The driving force today was the SOX index breaking into new 52 week high territory.  Far from a bearish sign that the Semiconductor index is rallying here.  It shows the strength of this market.  NASDAQ traded higher with volume while the […]

Having the mental edge in this game, keeps you in it.

“There is nothing more important than your emotional balance.” - Jesse Livermore
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” - Jesse Livermore
Inactivity is […]

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