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I received a question from a reader whom I respect greatly and thought it would be good to answer to the group. This reader said …   I have a question about seemingly contradictory views: On your blog Wed. you ended with:  “The market is in charge … don’t fight it, just sit down, shut […]

Wow, what a week.  If you had bought into the market on October 5th, the day I emailed all to do so, you would be up roughly 10 percent (even higher if you bought the nasdaq).  It has been a nice run to say the least. Since Wednesday I sold all my longer term positions […]

I ended yesterday’s post with … I generally don’t trade counter to the market as I think it is asking for losses, but in this case, my risk/reward probabilities are quite enticing … so I take a small nibble at the short side of the market. Well today I got nibbled … I shorted at […]

well, today we had very little movement which is normally fine, but the volume is quite light which tells me there’s a lot of people still on the side lines waiting for the market to tell them what to do.  In my end of day analysis I had a few indicators come up with bearish […]

tough to do, but I’m told the pros ‘sell into strength, and buy into weakness’.  Retraining your brain to act counter intuitively is sometimes hard.  So, I am temporarily out of almost all long (and short) positions.  We are so close to the upper descending trendline and 200 day moving average on all indexes that […]

Since my suggestion to buy on October 5th, we have enjoyed a 7.3% gain.  Ironically if you hadn’t been in the market for the entire year and only invested over the past four trading days (from 10/5 through today), you would have blown the doors off 99% of all hedge funds, mutual funds, money management […]

today was another healthy push up with the indexes gaining between 1.5 – 2%.  We have had quite a nice 3 days. With that said, I don’t trust the market yet.  I’m not bearish, but I’m nervous and as a result I pulled some profit off the table today near the end of the day, […]

I was a little disappointed today with the strength of the move.  Although we saw a roughly 2% gain in the indexes, I felt like there wasn’t much punch to the move. It was a nice gradual move up all day which I suppose is a good thing, but after such a strong decline, I […]

If you were looking for a time to put some money into the market, it might be now. Saw some serious strength yesterday at the close.  The market was down over 2% and then rocketed up at the end.  At the bottom it was the lowest point in over a year, then in the last […]

I am getting very skeptical of the movement in the markets.  Today was kind an interesting play.  the market opened up with a large gap (over 2% on the Russell 2000), then spent the day falling eventually to as low as -2%, then in the final hour the market rocketed back from the grave to […]