Financial musings, stock market analysis and position updates
related to Resnn Investment LLC’s flagship fund, ‘The One’.
Today, we climbed another stair, in fact … we did a bit more than that. If you look at a 30 minute chart of the day, you will see that the first half of the day was identical to yesterday. A big open, then another wedge pattern showing sideways consolidation (forming another step). Then over […]
I think everyone in the active trading community is happy it is finally Friday after hours. If they are anything like me, they will enjoy a nice quiet uneventful week, if they survived this week, then they definitely are due the short vacation! Today was a continuation of what we saw over the past few […]
Earlier today I posted a blog about market behavior and following your gut instincts (see below). I wanted to follow up on this … There is an interesting phenomena that happens in the market that I think my gut instinct picked up early this morning. My morning routine usually starts with reading many, many newsletters […]
I sent an email this morning at 7:13am to one of our readers stating … “My gut tells me that today is going to be a good day in the market. Nothing to base it on, just a gut feeling.” I always get a kick over ‘studying’ market and investor behavior. I think there is […]
I know, it sounds crazy. The market lost over 4% today and I am suggesting it was healthy … Up until the last 30 minutes of trading, today’s action was very healthy. Today reaffirmed what I mentioned yesterday that I think we have hit a short-term bottom yesterday. Granted the last 30 minutes tanked the […]
We might have just hit the bottom … gotta wait to see the open tomorrow, but a few minutes ago looked very strong. What a day … 7% swings (3-7% in either direction). It bounced roughly 7% in the last hour and a half. Someone made a TON of money today! Someone much more gutsy […]
Another nasty day, although it was pretty well expected after Friday’s SP downgrade. I unfortunately finished the play structure over the weekend (see pic below), so I had nothing to distract me from the bloodbath today. The market is down 17.44% from its’ peak just 22 days ago on July 7th. Ugh … Gotta get […]
Today’s action looked a little nicer although it was still a down day. To me it looked like what we should see as we get close to a bottom. nothing great yet, but just a little healthier. It’s like looking at a patient in the hospital that yesterday looked like he was dying and today […]
Well, I’m sure by now all of you know that today was an ugly, ugly day in the market. There’s a saying in the market with the ole’ timers and that is … sometimes you are better off turning off the computer and walking the dog. Or … as “the Gambler” said, you gotta know […]
got a concerned email from one of you today asking if they should sell all their stocks and get out of the market. my answer … Today is pretty ugly that’s for sure. As you know I haven’t touched my 401k so I’m watching that slide as well. I have to assume we will have […]