the world held ransom by greece
its amazing that a 'small' country like greece can hold the entire world ransom that's the dark side of globalization we will try to close out or MS trade at some point today…risk into the weekend is way too big. we don't like to flip bucket 2 stuff this quickly but these current times require […]
reduced size in MS bucket 2 long trade
we just reduced the size in our bucket 2 long trade in MS weekend risk is way too big we would rather miss an opportunity than take a chunky loss we may close the rest of the position by the end of the day…
Head & Shoulders Developing on S&P 500 Chart?
Dollar Index Chart Looking Better Again
Oshkosh Corp Horrible Weekly Chart
Oshkosh Corp. (NYSE:OSK) designs, manufactures and markets specialty vehicles such as defense trucks, access equipment, emergency vehicles and more. In early July billionaire investor Carl Icahn disclosed that he holds a 9.5% stake in the company. As usual in such cases Icahn plans dialogues with management about increasing shareholder value. This would all be […]
Weekly Chart of Oil Broken!
Why A Trading Plan Is Essential For Trading Success
Without a clear trading plan no one can make money consistently. A trading plan allows the trader to execute his/her trades in a consistent manner and without letting emotions get in the way. Clear entry points, stop-loss and profit targets are predefined by in the trading plan, allowing the trader to focus on execution […]
Today’s Morning Market Video is uploaded and ready to watch here
http://steadytrader.wpengine.com/video-2/video-may-2011/
Gilead Sciences, A Technical Look At A Biotechnology Stock
Gilead Sciences (GILD) has come on my radar now from two sources that find the stock fundamentally sound and management great. After looking at this myself a little deeper I am ready for some technical analysis on it. I'm usually careful with pharmaceuticals and biotechnology stocks simply due to the FDA approval/non-approval risk but if […]
Silver (SLV) Coming Into Support Zone
Silver's real parabolic move started at the end of January. Looking at the below chart I note that the area between $37 and $38 serves as a) the 50% retracement from the low to the high of this move and b) where the 50 day simple moving average comes in. Both of those items often […]