staying away today
it's a bad day for decision making in the markets today: too much news headlines from bernanke and europe later today banks and energy are leading today's tape higher…at least so far we would be interested in a little long-side exposure for bucket 2 via MS or BAC on a strong close today. we tried […]
CAKE, a stock to watch
something we often do is scan for stocks that find good support/resistance at their respective 50 and 200 day moving averages. CAKE is one of those stocks and is currently residing just under its 200 sma. too early for a trade right now but something to watch. a good sell signal here in terms of […]
Morning Thoughts November 2
If the past five trading days weren’t nutty enough for traders I’m not sure what will qualify as such. After a massive rally into the second half of last week, equities plunged on Monday in tune with Halloween. Stocks still posted big gains for the month of October with the S&P 500 gaining around eleven […]