Financial musings, stock market analysis and position updates
related to Resnn Investment LLC’s flagship fund, ‘The One’.
Over the weekend I created an extensive study on the state of the stock market and how ‘overbought’ it currently is. The study is getting some attention among larger investors and ‘market makers’, and a few have asked to share the results with their ‘people’ which is exciting to see. Overbought is exactly how it […]
Looking at my after close market analysis, I lean more so that we are going to fall a bit from here. I think the fundamentals are still strong, but I definitely subscribe to the fact that tomorrow could see some down side. The market just needs to blow off a little steam and then it […]
I must say … I was VERY proud of myself … I called the bottom within 30 minutes of it happening, a little lucky … but made some great money off of it as a result. What is even neater for me is that all my mentors were wrong, which shows my analysis is getting […]
Well, most of the guys I track are EXTREMELY bearish on the market. They have been for a few weeks and with each day that passes they seem to get more bearish … which is why I am still am nervous and somewhat cautious right now. With that said though … today was another good […]
Interesting stuff in the market today. If you look at the chart for the day it basically opened WAY up and then spent the rest of the day selling off slowly. The day ended up basically at the close of last night. This is usually not a good sign since it couldn’t hold its’ gains. […]
What I mentioned a number of days ago still sticks … the market wants to touch the 200day moving average (200ma) … It’s getting close, but it isnt there yet.
We should know within 10 minutes whether the downside trend is finally broken OR if we will continue going down
Well, the bounce reversed back down in the last few minutes of trading … again … not a good sign. We might have about 1.5% percent to go down before bouncing … we should definitely get a decent bounce then. Whether it sticks is a good question
Time will tell, but it looks like we hit the bottom about an hour ago or we are very close to the bottom
Got out of more short positions today made a nice 17.42% return on it! The market is opening down this morning though … in fact I think it has given back all of yesterday’s gains. I know we have to be close to a bottom, but of course someone ‘might’ ‘know’ more than me about […]