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 […]

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