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On Vacation

2010-07-05T22:32:00.003-04:00

So...no posts lately and now I am on vacation. I just found this cool little addition for my blog...Feed My Fish. Not much to it, but really kind of fun...click on it to feed them. Back to trading and charts (maybe)...stay tuned.

5 Names for the Glass Half Full crowd

2010-01-28T23:50:00.008-05:00

If you think we are due for a bounce, then here are 5 names worth watching.

2 Consecutive Negative 200 days...and?

2010-01-21T23:44:00.002-05:00

MI still above my line
EXXI closed above 9d
RHT 50d sitting
GMCR short or long?
MHK is at a similar trendline as GMCR
MOT real close to 200d
URBN easy short if mkt weak - use 100d as stop
THC on 100 and 200d - kind of interesting
FDO long?
GNK long off 200d if it gets there
CBOU short?
CSTR getting down to a level I will buy
PALM at a level I had drawn
COT as a short? see the 100d?
EXM a buy here?
VPRT short?
AM short?
COLB long, 20d as stop?
FIRE interesting as a bounce play
LNET long 100d as stop?
MBFI looks ok, 20d as stop
OSK watch the 100d
OWW watch the 100d
SMRT watch 9.15
TRAK trendline
CEU line at 6.48
SIVB watch for breakout
S check mfi
XJT check mfi, very oversold

Chart Summary 1.11.10

2010-01-10T20:40:00.003-05:00

In case you missed it, here are the charts I posted over the weekend:

UTSI http://chart.ly/svzt2q

DRYS http://chart.ly/exq7gx

YONG http://chart.ly/fdenkw

KONG http://chart.ly/bt5a3p

INCY http://chart.ly/p2ev2q

A Few Decent Setups, at least to me

2009-11-22T13:15:00.008-05:00

Here are few setups that might work tomorrow, or sometime soon. Keep an eye on them.

A few new names 10.6.09

2009-10-06T18:02:00.003-04:00

Here are a few new names to watch:

VMW u see what i see? http://fsc.bz/11y

PALM watching this line closely http://fsc.bz/122

BGS short setting up http://fsc.bz/123

CCRT another short set up http://fsc.bz/124

FMCN another 'line watcher' here http://fsc.bz/125

CYOU interesting one to watch here http://fsc.bz/126

SAFM line watching, with ma's turning down http://fsc.bz/127

MTG little bear flag http://fsc.bz/128

UAUA looks weak to me http://fsc.bz/129

Ideas Week of 10/05/09

2009-10-03T13:52:00.003-04:00

Here are a few names I will be watching closely this week. My thoughts are we'll see a possible bounce, maybe back up to the near-term highs, or just shy, and then another drop to the near-term lows, and then, we will hold our breath for direction:

CBOU one to watch for a bounce http://fsc.bz/yY

AHCI thinster, but nice set up http://fsc.bz/yZ

ISIG another thinster, but the recent volume is nice http://fsc.bz/ya

VIV nice chart, nice bump here, hint hint (wireless and Brazil)...also, part of the $EWZ http://fsc.bz/yb

NUS guess i could draw trendlines here, but no need, just use the 10, 20, and 50 http://fsc.bz/yc

SFSF nice entry here using 10d as a stop, if it fits your r/r system http://fsc.bz/yd

DRYS watching for a bounce here http://fsc.bz/yg

JMBA still strong http://fsc.bz/yo

GLW - trend line watching: http://screencast.com/t/Fo8AeDwFJy

GERN 200d bounce http://screencast.com/t/4C25CaJ1kvq

NXG trend line bounce http://screencast.com/t/pANhkupX0

COIN - trend line bounce http://screencast.com/t/GVp2kViIq

CPST 200d bounce http://screencast.com/t/hQTCND3MR4gb

CBAK in case the 10d doesn't hold, watching this trend line http://screencast.com/t/oZobWC8uCI

ERTS - line watching http://screencast.com/t/DDfPiwvBJ

GOL - Brazil watcher http://screencast.com/t/77QGxf5c9UUG

Eventual Shorts = not right yet, but maybe soon.

JWN if retail is weak, then I will watch this one for a short http://screencast.com/t/DuYDA3usQ

EXPE big red volume, might bounce, then fall? http://screencast.com/t/kvErgDDPvDb

VVUS gap fill? http://screencast.com/t/wUrImaB9

Charting Fun thanks to Worden 8.17.09

2009-08-18T10:16:00.004-04:00

Ok, so I "found" the little blue 'T' at the top of the freestockcharts.com site and thought I would give it a try. It is a really nifty add-on from the Worden brothers!

Remember, these charts were posted after a big "down day", 8.19.09. When you click on them, they will have updated to the most recent time.

PCLN - getting ready http://fsc.bz/1d

BKE setting up on the short side http://fsc.bz/1e

CMG interesting case study on EMA - closed just Below the 50d ema, well above the 50d sma http://fsc.bz/36

CRAY another one, just above its 50d - tomorrow could be a critical day http://fsc.bz/37

DDE this one looks nice http://fsc.bz/38

FCN I say short...what say you? http://fsc.bz/39

FUQI and then there are these broken charts - will wait and watch http://fsc.bz/3A

GMCR is it possible the almight green coffee is now a short? not so sure... http://fsc.bz/3B

GPN any thoughts on this one? kind of looks ok, but just below 20d http://fsc.bz/3C

IPSU watching this one closely - may be nice in a few days with some more sideways consolidation http://fsc.bz/3D

JNK I'm a spectator for now, but very interesting http://fsc.bz/3E

KIRK does this really mean people have stopped buying tacky home crap? doubt it... http://fsc.bz/3F

MDRX another strong stock, was in a healthy pullback, closed just below 50d, but now what? http://fsc.bz/3G

NFLX interesting intraday bounce off the 100d - could enter with 50d as a stop, if you dare - will watch closely http://fsc.bz/3J

AXE here is one from @downtowntrader - nice one! http://fsc.bz/3K

NOK as someone famous once said: "it gapped under everything today" LOL! http://fsc.bz/3M

RIMM ohhh, that 100d - see that April gap? do gaps always fill? nahhh, no way http://fsc.bz/3N

SPWRA hmm, seems i was just asking about gaps being filled (see $rimm) - looks like it here http://fsc.bz/3P

SWHC 5.25 and then 4.75? could happen http://fsc.bz/3R

TSS this one still looks decent http://fsc.bz/3S

VISN this lower $5 area has visibility going back to Nov 08 - close watch on this one http://fsc.bz/3T

ABD this one is still hanging in there http://fsc.bz/3

HELE held the 50d, will need to watch http://fsc.bz/3W

MEG a flag be on top of a flag. i want to say it looks good, not sure http://fsc.bz/3X

SBUX if this holds the 20d, then count me in http://fsc.bz/3Z

TBI this one is still holding it together http://fsc.bz/3d

VECO another one, if it holds the 20d, looking good, notice the green volume higher than red volume in this flag http://fsc.bz/3i

BKE nice set up here ht@downtowntrader http://fsc.bz/3n

SYMC break or bounce? break with volume = short http://fsc.bz/3o

WBSN gap fill? http://fsc.bz/3p

Lunch w/ Qman on Stocktwits TV - Edition #2 (7.15.09)

2009-07-15T11:54:00.006-04:00

Episode#2 of Stocktwits "thingamajigger" - that needs to be patented...LOL!

Challenging market when neutral. Not sure if many are catching this move. If so, kudos and bottle up these wins!

Strategy - let the tape move in and out of positions. Let stops work. Have a plan for each and every trade. Know your stops. Portfolio naturally moves back to cash. Not an immediate re-deploy of capital. Stay out of emotional fray. Let the tape move back in. All about position management...trades not turning into investments.

Thesis is Longs will/could start to set up. Identify entry and stops.

Let trades be 100% mechanical, but not always the case. Always know where stops are and where profits points are.

Charts - same position as 8 days ago, but feels different. Coming back into critical overhead resistance area. Emotional capital trapped here.

Semis - shining star on huge gap. Could be a evening star.

Its ok to wait and be patient.

S&P going back into right shoulder. Let it play out.

BJS - hit first profit target and took 1/3...raised stop to entry. Will be out of trade before it reports earnings.

MA - still in, but painful. Stop 175. Watching emotional level. About $5 underwater.

PCLN - stopped out at 110.

QID - not so graceful exit here.

ARO - short stopped out at open.

XRT - still short. Within 4 pennies of stop.

Mentioned buying strength, leadership from reading Howard Lindzon's book, seen at Amazon here: http://bit.ly/2IDWa

Mentioned checking macro idea's/emotions at the door. Look at longer term charts. Example of auto-parts index at new all time highs. Break down trading in time frames.

AAP - looking at Weekly. Multi-year consolidation. If it breaks out of consolidation, with high volume, then will buying. Would set stop around 40.50 from early June. Need to adjust size accordingly. Give it a long enough leash.

GHL - financials are leading. Moving sideways. Previous attempts. Stopped on each occasion. "Longer the base...higher in space."

Remember, this is marathon, not a sprint.

Questions

GOLD. Likes the GOLD weekly.

QSII - watching for a long time. Weekly moving sideways. Breakout early 2009. Consolidating recently. Watch Daily chart for a prudent point of entry.

ATML - referred to MCHP - all the semis are ripping. Looking similar as this group is leadership. Watching LLTC. Trend line from February.

GOOG - broken out of big weekly train. Not a buyer or steeping in front of freight train here.

SMH - not chasing here.

CPRT - could have some catch-up ability. Stick with other car names mentioned.

FITB - looks good. If play, place stop below 50 day.

Overall Strategy - wait, watch, let stops work and start to move in with prudent points of entry.

Qman's Stocktwits TV Inaugural Address 7.13.09

2009-07-13T11:57:00.005-04:00

Shaking off the nerves and the newness of the future of financial innovation.

S&P = bear sandwich
Current approach - switch to neutral - reference from weekend Tape Talk. See it here: http://www.tickerville.com/index.php/site/comments/all_eyes_on_875/
Still looking short, but not acting on it yet, i.e neutral.

Head and Shoulders...blah blah blah...too perfect?
TA101 will put your head on a platter in this current environment.
Still need to prove this pattern

Mentioned the QID and where to place Stop to avoid the obvious areas.

Stopped out of AMZN short today due to TA-101 stop.

Seeing some lower highs in big cap tech names. Wedging into overhead resistance.

Currently short ARO, stop at 35.80. Look at weekly, huge "V".

Stopped on XLF today. Meredith Whitney and GS upgrade set the tone for today.

Seeing some commodities starting to bounce, follow-thru.. Long some DBA here.

Looking at BJS - Weekly - double bottom. Could be a significant higher low.

Watching ACI - daily not showing much. Weekly chart - could be another higher low.

FCX - if commods get a bounce, it could run. But, Qman looking at it as a possible short. Needs to get over right shoulder to confirm as a long.

MA - currently short - topping pattern - 175 major overhead resistance. Just hanging around right now. Be sure to check earnings.

PCLN - currently short - significant lower high in Weekly - look at Daily, and you will see the infamous H&S.

Potential short of XRT. Stop above 28.40.

Ran out of time for any questions. Tune in Wednesday, for Episode #2.

Tickerville Brunch Summary 5.16.09

2009-05-16T16:56:00.003-04:00

Tickerville Brunch Summary 5.9.09

2009-05-09T15:39:00.004-04:00

Tickerville Brunch Summary 5.2.09

2009-05-02T15:37:00.005-04:00

StockTwits brunch sous chef @medicvz steppin in for da Q-Man

2009-04-25T20:21:00.004-04:00

Blog Ideas/Notes 4.20

2009-04-19T23:47:00.000-04:00

AlphaTrends Longs
CBEY
USU
CCJ
CTSH
FEED
MPEL - above 4.6
QSII
RVBD
XRAY
FMD - tiny bank

Shorts
NUVA
XOM 68.30 stop
CVX
PGN 35.25 stop
NST
ALXN

PMTI - tradersprotege
SFLY - tradersprotege

ChartSwingTrader
Longs
MGM
DNR
SIGA - needs to consolidate
FEED - pull back around 3
VTNC
F - needs to hold 9 DMA
CTRP - only chase with volume
APWR - maybe late?
DTSI - consolidating?
BBBY - above 32?
OCN - above 12

Shorts
KIRK
WFC - lows July, Nov at 20.25
PNC - same chart as WFC
WGOV - filled gap
ADM - go to 15?
LPHI
COCO - closer to 19 better to short
CPLA - lower highs

short $HAL below 18.27, protective stop above 19 target 14.74 - 14.16 min R/R 4.8

My Tickerville Summary - Ideas Week of 4/20/09

2009-04-18T23:52:00.002-04:00

Disclaimer: The majority of these ideas come from the @Tickerville Saturday morning brunch. In fact, many of these are direct quotes that I use as a check-point during the week. Trade at your own risk. Any reference to "I" is from @tickerville. The blog author did not grammatically update that piece.

**Thanks to StockTwits for hosting. An excellent venue!

Good morning traders! How is everyone this morning? It's 10am; do you know where your charts are??

Indexes extended their gains this week but does that mean I am fighting the tape here? No sir, but I have effectively gone to cash, booked solid gains and am sidelined.

Let me mark up the S&P and show you why. Many lines on this pup worth noting. Lots going on here. Take a moment to really study it. You can see we're in a clear resistance point. http://twitpic.com/3irvq/full

Don't be confused by Friday's volume ala Options induced. Had it not been expiration, volume would have been quite low.

Now, that is the SPY, but let's takes a look at a few other danger signs that say we should be on guard.

Safe to say we have nailed the semis and been there before most. Now they're coming into key resistance area. http://twitpic.com/3is3n/full

There are 2 more warning signs I am seeing. One in the heart and soul of the tape that has kept us long until recently.

The leaders, XLF have been outstanding. Now they're coming into significant overhead resistance. http://twitpic.com/3is8w/full

And, finally the Dow is bumping up against its mother trend. Will it break the first time or need a breather? http://twitpic.com/3ise2

For weeks you have heard me ride the trend. I am not a fighter of the tape, but now I am retreating to the sidelines for a bit. I will wait and watch and see how it shakes out. I will be looking for constructive pullbacks for entry. The tape remains bullish, but needs to digest. Best case would be a pull back that goes deeper than we expect. This is why I am so inclined to keep an eye on the 2002 lows line noted in the S&P chart. If a pullback gets nasty this point makes sense.

Now, we MUST remember that the trend is our friend and right now the intermediate term trend is up. Trends can last longer than we expect. So we must be eying prudent risk reward regardless of what the big picture says. If we take trades and get stopped out, so be it.

We'll go over ideas for the coming week in a bit. First a few more big picture thoughts. I see many people licking their lips wanting to short again. Day trading that is fine, but we must respect what is happening on the chart.

QQQQ demands our respect. We must change our longer term idea from shorting to buying. http://twitpic.com/3isx1

The world is talking inflation, global slow down, depression and blah, while tech is breaking out of the strongest pattern known. A group I want to chat a bit about are the commods. After weeks of battle they are finally breaking. We have to observe and respect.

SLX two time frames, finally starting to show some life. http://twitpic.com/3itas and http://twitpic.com/3itb0 OIH is another that has quietly started to make itself known. Like SLX, I want to see how this break is handled http://twitpic.com/3itws/full

So what is interesting to note about SLX and OIH is that they are finally joining the party. They have actually lagged technically. I want to play them but I want to see how they react as the other major averages are hitting resistance. I am in none of them currently.

Hmmm, lot's of questions about taking shorts here. Let's hash that out a bit. One of the biggest challenges I see with traders is that they feel they must always be involved in a trade. If you can effectively switch sides in an instant with absolutely no anxiety or frustration whatsoever than with defined risk its game on.

But most cannot do that. Rather than look to short when we come into resistance, why not just step aside and lighten up a bit? If you start shorting and you are early, ala wrong, not only will you get hit financially, but emotionally too. Most traders I have seen have not capitalized on this run because they have been more interested in finding the turn down than playing up. Has this been you? How come?

At this point, please understand my thesis. I have had a great run, new all time highs again. Indices at resistance, time to wait it out. If we pull back as the charts suggest we may. We evaluate the opportunities for long side entry. If this comes we take them. If we pull back and start to break down. Shorts will setup like crazy and we'll switch to that side minting money on a downside slide.

OK, let's get back to the charts. If anyone has any thoughts on the previous, please let me know. Always a good topic to discuss.

CBG The real estate trades have been fantastic. http://twitpic.com/3iuq6

SPG Per request @Upsidetrader I played this break and enjoyed the run. Sold it about $5 too early. Geeze http://twitpic.com/3iut3

PG Not one for me. http://twitpic.com/3iv0w

AAPL not for me here. http://twitpic.com/3iv54

You will see that most of the leadership stocks are extended and not for me. Another reason I have moved to cash.

ZLC http://twitpic.com/3iva9 I played and prefer TIF but am now out after nice run. Looking for a remount.

The hangman on FLY on Friday would keep me away.

Last week we spoke of BA. Per request, an update. http://twitpic.com/3ivi0

FLS http://twitpic.com/3ivmt One I like quite a bit, if it gives me entry.

Best way to see my ongoing take with GLD is Tape Talk. http://bit.ly/9SxoN Not to bunt but I cover it at length.

OK, I think I hit all the cue, how about some ideas I'm watching for the week ahead. I doubt I'll do much this week as I observe the action from sidelines, but let's run through some potential gems.

GRMN has been consolidating nicely within a key area saying break coming. Direction doesn't matter. http://twitpic.com/3iwcq

A I like the emotional break here. I played it and am now looking for re-entry. http://twitpic.com/3iwrg

If OIH is breaking, the components must be watched. Here is DO http://twitpic.com/3ix8k

I want to be in SLB with a stop at the mother trend line. http://twitpic.com/3ixd0

Last within the OIH space is RIG. Now if these breaks start failing, they will be excellent shorts. http://twitpic.com/3ixh7/full

Last week our mystery chart was a bust. It was BTU. I played the initial break and was stopped the same day. A lesson in discipline. We broke the anxiety down quite a bit in BTU and you can see the failed breakout here. http://twitpic.com/3ixs4

Last week we ran out of time before I got into new leadership. Let's rehash some weeklies we must continue to respect.

GHL is one of the best weekly charts out there. I am long and looking to add. I have a long leash. http://twitpic.com/3iy3p

I am not yet in this stock, but will be. QSII another one of the top weekly patterns out there. http://twitpic.com/3iyak

Last but not least. This was a mystery chart from some time ago. It is breaking and I am long. NVEC http://twitpic.com/3iyfn

Last on the idea front, if BA continues to act well, look for PCP to break towards trend. http://twitpic.com/3iymm

Alright all, 15 minutes left. Any other requests to hit before we start closing up shop? Geesh every week gets better and better love it

Interesting SWC http://twitpic.com/3iz2l

PCLN http://twitpic.com/3iz6y

It would be wrong of me not to include my favorite short opportunity. ADM http://twitpic.com/3izc5

My Tickerville Summary - Ideas Week of 4/13/09

2009-04-12T20:36:00.006-04:00

Disclaimer: The majority of these ideas come from the @Tickerville Saturday morning brunch. In fact, many of these are direct quotes that I use as a check-point during the week. Trade at your own risk. Any reference to "I" is from @tickerville. The blog author did not grammatically update that piece.

**Thanks to StockTwits for hosting. An excellent venue!

OK, I want to start out this weekend with a statement that I wish I could scream from the mountain tops. STOP FIGHTING THE blanking TAPE!!!! Let's break it down a bit. There are 2 tanks for a trader. An emotional and financial. You must keep your financial tank in tact to stay in the game. That is RULES based, but your EMOTIONAL tank allows you to execute. If you are busy fighting the tape, you are depleting the emotional tank and cannot execute with confidence.

Wow, I am fired up this morning. Do you LOVE WHAT YOU DO?? I can't think of anything better than stocks. Geesh.

If you find yourself zombie like, because you don't 'believe' the move, then chose to do 1 of the following. A.) Do nothing, step away and let the market do what it is going to do. Detach yourself from the ticks. I do it often. B.) Play small, VERY SMALL to at least rebuild the confidence level and to see what is working.

The #1 problem with traders is how you began your statement. "Convinced" Or 'Think" or 'Assume'. I am so sick and tired of jamokes guessing and imposing their belief on the tape. Follow the TAPE, it NEVER Lies!!

Let's get started!

I got tons of feedback on this (XLF) as everyone waited and watched for the break to come. Well, it broke. http://twitpic.com/35j2n I think we all should keep a graphic of this chart by our computers at all times. While the world was debating, note how XLF digested. Whether you are playing the fins directly or not, it is the heart and soul of the tape. We have to keep this chart up to be our guide. Will it retrace? Sure it will, but now we pull out past Brunch archives to determine whether or not it is healthy.

My best mover this week was BAC long. Not just a position in my fund, but publicly held in Minyanville portfolio as well. While others fight it,I peeled off a portion, raised stop to guarantee winning trade and now looking for remount http://twitpic.com/35jaa

OK, We'll come back to the indices in a bit, but I want to touch on something that is getting NO press but very important. Clearly, we are in earnings season so get in the habit of checking when your names report. I am NOT an EPS gambler. OK, back to previous point. Its EPS season and as I pound in Tickerville.com members heads. It is NOT the report, it is the REACTION. I could care less about a report, all I care about is what a stock does after a report. This is what is so important to understand.

AA -short from saying they were going out of business. It was a TERRIBLE quarter. How has stock reacted? http://twitpic.com/35jms

MOS -just as awful. Didn't they even guide lower? Reaction excellent and a descent set up going fwd. http://twitpic.com/35jnp

BBBY -retail play busting out. Terrible quarter? you bet. http://twitpic.com/35jpf

Now, the point of these charts are not to say I will go long these stocks, nor will I start betting on earnings. The point is to understand where we are in the game. Whether or not these reports have been priced in. These stocks say they have been.

OK, several weeks ago, we broke down EEM mystery chart as noted here: http://twitpic.com/1wn6e/full The reason I bring this up, is not because I want to pound chest. I LOATH that, it is because I want to discuss the process. Whether or not it worked was irrelevant, it was a matter of identifying the setup, identifying the stop, and taking the trade. I posted 2 charts that week that were interesting to me. Both weekly, (as noted below) and daily. http://twitpic.com/1wnkk/full Of course I heard all the garbage about international mkts, which went in one ear and out the other, but the pattern was sound. EEM is now one of the strongest ETF's out there and we can move our stop where noted on chart. http://twitpic.com/35kbj

You see, trading is not about picking a hot stock or sector. Stock picks are a commodity. It is about execution. The more I grow as a trader / money manager, the more I learn that it is about refining the trading plan, rather than finding ideas.

To recap begin: We all must look within and see if we're fighting or embracing moves. We must realize where the financials are in the game ala breaking out and watch their retracement to measure health. We must understand how stocks are reacting to poor earnings. ala MOS, AA, BBBY and we must remember ala EEM that it is not about the stock / ETF, it's about the darn plan.

CHARTS - Alright, trading lessons over, let's get to the here and now.

We've talked at length about 840 on S&P and its importance. We're now back above this level. http://twitpic.com/35klk The mother trend has been broken and we now must study health of consolidation. It is important for 840 to hold on retracement. Note the volume on Friday's break.

QQQQ is the strongest index around. Note the break off double bottom. http://twitpic.com/35kqk If you aren't accustomed to looking at weeklies, you should start. Much easier to see double bottom here http://twitpic.com/35kui

IYR - This has been a classic trend break. Break, Kiss, Follow Through. http://twitpic.com/35ky6

IYT is still offering good risk reward, and needs to hold the Nov low base. http://twitpic.com/35l2q I watch those ETF's all day every day for clues. So far they are acting very well. The IYT needs to be observed closely.

Alright, so after have a few great weeks, all accounts hitting new all time highs, what is plan for this coming week? If the long weekend knocks some sense into traders and they come in giddy, I will sell inventory into morning gap. If we open flat to down and start the consolidation process, I will watch current holdings and new ideas closely. I have already peeled off to protect gains, and raised stops, so now it is all about position management.

Let's look at some places I'll be eying this coming week. Please note, I will chase NONE of these. I want prudent entry with stops in place.

MS is one I am watching closely and started Friday. http://twitpic.com/35lg9

I attempted ADI on Friday but closed it when it did not close at highs. It is one I want to remount. http://twitpic.com/35lk9

With a stop at Friday's low, I am looking to remount APA. I will not chase. http://twitpic.com/35lpl

BA was knocking on death's door, but now is breaking out. I want in. http://twitpic.com/35lui

Have you noticed the stealth rally in Solar? STP has good risk reward with stop here. http://twitpic.com/35lz6

Per Request:

GE: http://twitpic.com/35mas

SLX: http://twitpic.com/35mer It's a battle ground. I have found easier trades.

See the IYR in regards to SRS. If IYR break fails, I'll look back at SRS until then not for me.

Rather than AEM how about GLD. http://twitpic.com/35mk2

Love the semis as noted in previous brunches. I am long SMH http://twitpic.com/35mn6

KR: This one I have been watching for short entry off weekly for some time. http://twitpic.com/35mpp

ADM - I think it important to highlight a short I am watching. http://twitpic.com/35noj

OK, I think I got all stocks in the cue. Let's knock out a mystery chart. Love this one. Thoughts on Mystery Chart for this week? http://twitpic.com/35n1f

BTU it is. One of the most anxiety filled stocks around right now. As you can clearly see, BTU is in a channel the is well defined. I suspect a break is coming soon, after much heartache. This break could be up, or down, but either way, I will play it and suspect it has a long way to go.

Ideas Week of 3/30/09

2009-03-28T10:02:00.002-04:00

Disclaimer: The majority of these ideas come from the @Tickerville Saturday morning brunch. In fact, many of these are direct quotes that I use as a check-point during the week. Trade at your own risk. Any reference to "I" is from @tickerville. The blog author did not grammatically update that piece.

**Thanks to StockTwits for hosting. An excellent venue!

OK, I gotta admit, this week was a tough one. We ultimately meandered with individual trades to be had throughout. All in all, we round out a darn good month.

Questions / Thoughts / Ideas

Wow, lots of meat and potatoes this week. Hope I keep everyone's attention. You have entered my real world and head.

Just follow the chart and don't think about 'stuff'. The chart won't lie.

There are clearly some things that concern me. I'll touch on them all. We've run a long way, could use some pain here.

How do you 'fish'? - e.g. how to find good setups with good risk/reward ratios? It is dangerous for new traders learning to fish. I have taught traders for many years now. It seems that as soon as I begin with someone they want to find new ideas. I ask them always why are they so interested in finding stocks? Why not just play the ones others have already found.

Ultimately, what they don't understand is, it is not the stock that makes you money. It is the trading that makes you money. The first thing I instruct new traders to do is to stop looking for new stocks and start looking AT the stocks we're playing.

The BEST traders I know, focus on 100 or so core stocks and that's it. Some of the premier traders trade only e-minis. Why? Because they know that making money is not about finding a good vehicle, it is about learning to drive ANY vehicle. That is why Tiger Woods could clean my clock using only 1 club, yet I still believe the Nike blades will help my game. LOL Nope

OK, last week we talked quite a bit about the 'health' of the pullback. So many were looking to short, but we concluded that was wrong. The pullback had the proper character of being healthy and was needed after the fast and furious run. Now let's look at S&P and discuss.

Here is daily S&P 500. You can see we still have run quite a ways with big resistance overhead. CHART I have labeled an area on the chart that says 'Fair Game' to show just how much open space we have that we could pull back. But my point in this chart, is to understand we could go back quite a ways, and still put in significant higher low. So understand that, and should the bears start coming out and chest pounding, be on the look out for reversal and snap city.

Those looking to swing trade, must know that we could easily pull back to anywhere in this area and still put in a higher low. This is a reason you won't hear me talking about longer term shorts for a LONG time, unless we start challenging March lows. I will take shorts if they present day trading opportunities, but as swings, very unlikely.

Ideally, what I would LOVE to see happen, is for us to digest this recent move in some form or fashion. Sideways or down. If we continue to go higher without consolidation, it will make playing with size much harder because there is no clear support area. So, the point is...It's all about mindset, and more important THAN EVER at this stage is understanding your time frame. Meaning, if you're a day trader, you shouldn't care about that chart. You simply play the direction OF THE DAY. But if you're a swing trader as I am, you need to understand where the big river is flowing. Right now it is flowing up.

Let me recant something however, as there are individual sectors that do look interesting to me for swing shorts. IBB I started Friday.

Now, how about the QQQQ. This is a picture of clear leadership here. http://bit.ly/12zIuv Note how it already broke the big trend line going back to October, however has come right into overhead resistance from Jan and Feb. This is a very logical pullback point and any area into the Fair Game section is ok. This is the area we must keep on our radar.

So, now we have S&P, and QQQQ all looking extended, but much improved. Could pull back quite a way and still remain healthy.

Lastly, the heart and soul of the tape. The fins, ala XLF. Let's break her down. This next chart is the most important. Can anyone tell me why? They led us from the start, with everything following. http://bit.ly/lNPvc

This is so very important to understand. All rallies we have seen until this one, was led by garbage. Crushed commods coming up for air. Each time, stocks like steel, copper, coal energy etc, would run but nothing else sustained momentum. This time, we started a rally based on financials, and stealth sectors like Semiconductors saw massive inflows of money.

So, when I review this XLF chart, I see our biggest tell on where we go from here. When it breaks in either direction it will tell us. So, if you want to look like a genius. Keep the XLF in front of you and watch for a break down or a break up, out of the box. Then you can feel confident playing other sectors.

Understanding this, is what took me to heavy cash, because I did not like how the fins stagnated to end the week. So now I am in waiting mode to see. It's simple. $9.70 up, $8.67 down. I was initially concerned about the $XLF but when i review daily chart I see sideways action. We don't have to know the catalyst or care about it, much less agree with it. We just have to respect the chart movement. I am watching the Nov low. I think that is important.

Tech is leading us in % terms. No question, but they were more healthy than fins. Fins are our tell, like the engine. But trust me, if fins cooperate, areas like Semiconductors is where I want to be. That is seeing the new money flow in. I hope all that makes sense. We are at a critical juncture and to remain truly open minded and flexible, means you understand the tape.

Now, let's talk about a few things that concern me a bit, but I have to be careful not to cross into macro land. If market is running, why are commods not really participating? Glad that they didn't lead us, but they're really lagging.

Even though I work in silence, I still hear everyone yapping about re-inflation, yet the moves just aren't there yet. But, maybe we just have to be patient and give these charts time. It is why I keep coming back to them, wondering if they bust out soon because, this week a few areas showed up that would make sense to start a run here.

Rails and Infrastructure and these are areas I want to be in . Let's look at some charts.

Chart Time

CSX is one of my favorites that broke out on Thursday. The consolidation on Friday was very healthy. http://bit.ly/zF0yZ As noted in that chart, I would use 1 more day of weakness to start my position with a stop below Thursday's low.

NSC has a similar pattern yet I like the risk reward on $CSX better. http://bit.ly/RC3J0

I see excellent volume coming into these rail charts. So, rails have started to percolate. Interesting to note because as @aiki14 mentioned they transport 'stuff'. Yes, RAIL and ARII on my list as momo plays in the group.

Next up, and also interesting to note, that infrastructure plays started making themselves known this week.

JEC broke out of a multi-month trend line after consolidating early move. http://bit.ly/11Nyt

MDR also consolidating nicely above recent lateral break. http://bit.ly/tQVLr

And last but not least, the big boys who have not run and are lagging.
FLR http://bit.ly/MOLbK
FWLT http://bit.ly/4UTL

So, maybe not all trade worthy, but MUST go into the game plan. We have rails perking, infrastructure perking but commods lagging. It either means the run in the first 2 is short lived, or the 3rd will follow suit very soon. I think it is prudent for us to prepare for either. What you hopefully can see me doing and my whole point of this is how we can use charts to find themes. If commods follow suit soon, or actually lead after some consolidation, the media will paint it one way, but we'll have known far ahead.

Before we get into some other trade ideas, I want to talk about one chart that is rather concerning to me. I am long GLD and may cut. I am long GLD and starting to get a little anxious. I would suspect it to have followed through by now. http://bit.ly/pAbZG It needs to get back above the weekly trend lines ASAP or I cut it and move on. It also bothers me that it is the inflation 'no brainer' Whenever something is said to be a no-brainer, I get cautious.

Requests

GS broke over multi-month base. It can come in, but not too much. 50 day is important. http://twitpic.com/2bcwf

MOS which I like quite a bit. I want to re-enter. http://bit.ly/3B1rh

I like VMW quite a bit. watching and waiting. http://bit.ly/anzr

Lots of requests for O&G area. This sure is an area that looks like it could go either way. I believe this next chart shows the front lines of the battle in the O&G area. This chart will act as a big guide for me. I can make bullish argument and bearish for this chart. Outcome will tell me SOOO much about the group. http://bit.ly/16hUW2

Note the battle going on here in SLB. Again, bullish and bearish. Ultimate break will tell me where drillers go. http://bit.ly/DzO2

Much talk about commods and potential. I think this chart shows just how much potential http://bit.ly/cFV6T I want to participate in a move like that re: X even if it just comes back to the trend line resistance don't you?

RS Another Steel on my radar http://bit.ly/22UwCj

Lots of talk about commods. BTU is an attractive candidate should it break. http://twitpic.com/2bcmo/full

NBR is another I am watching closely for a similar trend break pattern. http://twitpic.com/2bcqn/full

Yes, I do read all those blogs

2009-03-26T19:15:00.003-04:00

Yes, I do read all those blogs on my site. Here are the charts I found interesting and maybe you will too.

STI - SunTrust Bank
http://bit.ly/A2ir

VMW - VM Ware
http://bit.ly/UMgfw

SOLR - GT Solar
http://bit.ly/ABs1y

VIX - you know what it is...
http://bit.ly/Rqp91

QQQQ - Nasdaq ETF (thanks Mr Upsidetrader)
http://bit.ly/xB3H

QLD - Ultra Q
http://bit.ly/ThMym

HGG - HH Gregg - a play on Best Buy
http://bit.ly/zOJa5

TSYS - Telecommunications Systems
http://bit.ly/1YYpzd

EGO - Eldorado Gold - (love that symbol, don't you)
http://bit.ly/w9VtM

Ideas for the Week of 3/23/09

2009-03-21T13:51:00.006-04:00

Disclaimer: The majority of these ideas come from the @Tickerville Saturday morning brunch. In fact, many of these are direct quotes that I use as a check-point during the week. Trade at your own risk. Any reference to "I" is from @tickerville. The blog author did not grammatically update that piece.

**Thanks to StockTwits for hosting. An excellent venue!

Weekly Recap

S&P 500 up 1.58%, NAZ up 1.80%.

Before we recap some of what we talked about last week, I want to break down the indices a bit. The reason I want to start with these 2 charts is to establish the foundation that bulls still have the ball until they don't. I think if it was ultimate bottom we'd see bigger bars. For now it still is what it is, bear market rally.

S&P 500, we often talk about constructive pullbacks. So far this is precisely what we're seeing here. http://twitpic.com/2b8jr When I review that S&P chart, I see a V shape reversal that is now starting to be digested. Close below Nov lows would be danger sign. Friday looks like massive distribution but don't be fooled as it was options expiration, skewing volume tremendously. So, in summary, S&P still looks good to me, and I am looking to redeploy should this constructive nature continue. Ideas in 2nd hour.

Next up, QQQQ this is quite interesting and an area I am stalking very closely. QQQQ chart I am stalking and like the pullback quite a bit. I suspect the Nov trend line could break on a shake. http://twitpic.com/2b8si

We have talked about FCX for many weeks now. It has been a big winner. I took sold it and am out for now. Same goes for AMZN which had a nice run. I am back on the sidelines and watching this leader.

We talked about CAB over the last 2 weeks and I mentioned I was still a spectator. I did not enter and won't as it is too chaotic

Now, some ongoing themes that I am still watching closely for areas of re-entry.

2 areas I am watching very closely are China and Semis. FXI has been good and still looks decent. http://twitpic.com/2b9ds FXI is improving a great deal and gives me confidence to continue looking at the individual china names.

I have a very interesting routine in that I'll often become interested in a major sector after finding a series of indv. charts. Once I identify the group, I'll then watch the ETF for the big picture clues on whether or not to keep playing those indv. charts.

Favorite tech sector continues to be Semis. They started consolidating the recent run. the 50 day will be key. http://twitpic.com/2b9j5

Now, last but not least, the heart and soul of the market. The fins. We broke this down last week here: http://bit.ly/Qvde

We should all know this chart by heart. Its the key to the entire market. Don't let anyone tell you differently. http://twitpic.com/2b9qp

Now, let's talk activity. Once I unloaded on Wed, I did squat the rest of the week. If I had a boat I would have pulled a Livermore. In summary, I like what I am seeing out there from the long side. I am about 98% cash waiting for my fat pitch.

What makes me nervous about the commods is that everyone is now watching them. However the setups are there. More to follow.

Another thing I want to hit on that we spoke of a lot last week is re-entries. We talked about just how important it is to try and try again, regardless of how many times you are stopped out. In years passed I would swear off a stock after a failed attempt only to see it run without me. I will now play it 100 times if I have to and while I may throw some things in my office while that happens, I'll keep at it.

Example: A few weeks ago, we started discussing DXO and last week i talked about how I was stopped on my first attempt. This week it broke again presenting another great long opportunity. I took it and profited nicely. Chart is saying it goes higher. http://twitpic.com/2baxe I will now be waiting for another setup to add shares.

STOPS
So many will set a fixed stop based on a certain % or a certain $$ amount. I think this is very wrong and quite dangerous. To say you are going to enter XYZ with a stop 10% below your entry, is a guess and again, very dangerous. Stops begin first and foremost with the plan surrounding the trade.

Let's look at a specific example on what exactly I would do. Let's look at WFR again. The trend line here would be my critical point. http://twitpic.com/2bb6s If I looked at this stock I may conclude that I would enter a position on a move BACK above the trend line which is around 15.25. My stop strategy is unique in that on the day of the break, I will first use the day low as my stop. So let's assume that on Monday the stock opens at 14.70 and has the break out above $15.25 sometime during the day. My initial stop would be at day low, or a move back below 14.70. This is to avoid getting snagged too bad on an intra-day reversal.

Now, I do have a few caveats that I have developed over the years that are very important. If the break out is $15.25 and the stock does NOT close above this break out. Meaning it broke, then failed, I will NOT hold it overnight. I have seen this happen time and again which ultimately traps longs.

If however the stock does hold the break out point, I will then move my stop TO the breakout point, and typically use an end of day rule. Meaning that I will allow it to go back below the trend intra-day but if it closes below that line, I'll be out.

I think traders MUST understand that it is the pattern that determines their stops.

Remember what we talked about last week. Once you determine your stop, you can then fully quantify your risk, meaning share count. So, in the case of WFR if you determine that your entry / stop is .55 (15.25 - 14.79) you can calc your total share count. This will be different for everyone based on how much you chose to risk on each trade. This will also depend on market. I will sometimes risk as little as $500 on each trade or as much as $20k, but once I know that my stop is .55 , I can then determine my share count with a little math.

In today's market I have had a simple rule. When I reach 1 times my risk , I take half off and adjust my stop up to my entry. Now, after that, some use trailing stops. However I chose to adjust my stops once the pattern shows its hand.

Here are some requested stocks:

SLX, broke your 26 on huge volume, then pulled back on very light volume. I think it is improving a great deal.

I like both of these.
WFR: http://twitpic.com/2ba16
IYM: http://twitpic.com/2ba1c I like quite a bit but like most it needs to set up again.

I like BRCM quite a bit. http://twitpic.com/2ba5a

ACI one of my favorite potential longs. http://twitpic.com/2ba9h

UNG had a nice move this week but it has been a suckers trap each time. I have to see it set up. I am playing DXO

I am short the dollar via UDN and will continue to ride the trend.

UGA above 24 looks nice, would like to see a pullback but good accumulation so far.

SLX is a commod key. They have everything going against them yet are improving. http://twitpic.com/2baha

CAF not the one I would play, but FXI back towards 50 day is for me.

IDEAS

A key to market is AAPL. It is acting well and could be setting up for move higher. http://twitpic.com/2bc1z

My dear friend and phenom trader @prakasht says 'GOOG is the market' http://twitpic.com/2bcd6 This will be ultimate tell. I am preparing to play GOOG in either direction when the actual break takes place.

Oh, don't get me wrong. Fins are heart and soul of market. They'll decide, but GOOG break in either direction must be played.

My strategy this week is simple, to stalk and play that which I see setting up. GOOG and AAPL are 2 examples.

Lots of talk about commods. BTU is an attractive candidate should it break. http://twitpic.com/2bcmo

NBR is another I am watching closely for a similar trend break pattern. http://twitpic.com/2bcqn

GS broke over multi-month base. It can come in, but not too much. 50day is important. http://twitpic.com/2bcwf

Ideas Week of 3/16/09

2009-03-14T10:03:00.007-04:00

Disclaimer: The majority of these ideas come from the @Tickerville Saturday morning brunch. In fact, many of these are direct quotes that I use as a check-point during the week. Trade at your own risk. Any reference to "I" is from @tickerville. The blog author did not grammatically update that piece.

**Thanks to www.stocktwits.com for hosting. An excellent venue!

Gotta love bear market rallies..... S&P 500 10.71% and only looks like a blip on the big picture radar. I would have left about half my gains on the table this week, or not participated at all had I not let the charts speak.

We had an excellent run and cut up the bears pretty good. Many charts are short term extended. We must not chase. The key is that bulls have the ball. Let them fumble before pressing bear side. Why are so many interested in calling top of this move? Tape will always tell you all you need to know. Don't ever question the ticks, simply respect them.

Now.... let's say you didn't catch it. Let's say you sat idle waiting. DO NOT let anxiety get to you. Play your game not an emotional one.

Last week we talked about $FCX http://twitpic.com/1wm53 Here is a brief update: http://twitpic.com/2343k
> What I think is so important to note with $FCX is it took me 3 times to get this one right.
> So often after a trader gets stung once by a stock, they will not re-enter and try again. Pretend it is a different stock if you must.
> Ultimately some of the biggest moves come after a stock whips traders around and around.

Another example of try, try again: I entered $FCX a few months ago. Stopped for loss. Tried again a few weeks after that. Stopped. Again a few weeks ago. BAAM!

Here is a perfect example of that. I know many who got whipped around by $AMZN. The real move began this week. http://twitpic.com/234vj We have to study the character of any pullbacks. Look at $AMZN on Friday. That is healthy consolidation. I'll look to add.

That is why I am adamant about waiting for a move to happen. WHY anticipate.... But, how can you prevent an early move? The way to prevent it is to analyze it. Know yourself. Are you entering too early OR are you becoming biased after stopped. If you carry emotion in your trading, it is flawed. The market has NO emotion, so why should you? It's all probabilities.

Every trade I approach the same way. 1.) Where is stop. 2.) How many shares (Based on a $2k loss: THIS is diff for everyone) 3.) Take trade 4.) Take half off at 1x Risk 5.) Trail stop on remaining

I think volume is wreaking havoc with traders. I am playing price action with clear stops evaluating volume on a weekly basis.

We cannot control market, but we can control risk. Trading is ALL about that one simple thing.

As always, I strongly encourage everyone to review a chart for what it is... a picture. If you play the pictures you'll do quite well.

@tickerville If stocks X, Y, and Z are all exhibiting same price pattern would you take on full pos size on each? No I would not. I would then focus on an ETF. I keep a position limit to avoid running a mini-mutual fund. Here is another example: perfect example of what @stevenplace was discussing. Early in the week i saw semis setting up all over. I chose to play $USD, which was up 32% this week. The ETF's have become a beautiful way to play an entire move without subjecting yourself to individual stock risk.

Last week we talked about $CAB http://twitpic.com/1wm8w So far have been a spectator: http://twitpic.com/23459 Question about low volume move? I suspect volume comes but it is why I didn't play it. It moved in sympathy with $SWHC

I got stopped on $DXO this week and am looking to re-enter for a second time: http://twitpic.com/235h3/full

CHINA
Last week we kicked around China. This area did quite well and has shaped up technically. China names from last week did well with $CTRP being the winner 38.90%. I hope everyone nailed it! I took mine off but it was a good ride.

Two China names I am stalking on their weekly $SNDA and $NTES

Final China name to keep on radar $SOHU I tried and was stopped on Friday. I'll try again if it breaks. http://twitpic.com/235z4

SEMIS
Can anyone name the stealth sector that has rallied like crazy right behind the fins?? Semis..... $SMH http://twitpic.com/2363a

No question fins led the dance $XLF 32.52% but $SMH 13.96 and some of the best charts out there. Brush off that semi list boys and girls. Let's run through some of those pups. Now traditionally Semis can die quickly so STOPs.

I played $MRVL this week for small gain. I am looking for re-entry on consolidation. http://twitpic.com/2368j

We talked about $BRCM early in our brunch days. $18 was important level. I want into this name. http://twitpic.com/236ad

$AMAT another break. http://twitpic.com/236c1

How about a semi that is closer to re-entry than the others. $ATHR http://twitpic.com/236hx

Last semi for the day. $WFR http://twitpic.com/236ly

FINS
Now, what I love about the $XLF http://twitpic.com/236o6/full is the multiple areas of entry and stop you have. We all have a proper guide here. It already broke the steep trendline as noted by #1 as well a the lateral line #2. A pullback to kiss #1 would be fine but steep. Ideally, bulls would love to see a consolidation at or above line #2, setting up for an attack on #3 and ultimately #4. The key here on any pullback is NOT to give up #1 on a close. If this happens, we go to bunker & long live @upsidetrader and his Spartans.
The components are obviously mucho important. $GS, $MS, $WFC and $BAC are always on my screen.

Mystery Chart time
OK, let's go to Mystery Chart. You know how the game works. I put up a chart, we discuss WITHOUT knowing what it is.

I chuckled over last week. It was $EEM. All week I got e-mails telling me how terrible emerging mkt would be. I said 'pretend it's a fin' $EEM quietly up 10.71% on the week.

OK let's talk about this chart. There are no wrong thoughts. http://twitpic.com/23732

But we agree that volume is concerning? Let's dig deeper daily http://twitpic.com/237g3
Note on the daily chart that volume has been picking up and accumulation was there on break. BIG BAR! However hang man on Friday is also concerning, telling us it needs to consolidate a bit.

Answer: It's an obscure one, so I won't ask for guesses but it is $NVEC and the weekly has some of the best potential I have seen in a long time. I have the weekly on my radar but will look for entry on the daily. I will let the hang man resolve itself. We'll follow this one for a long time because if the weekly pennant breaks, this one is leadership.

IDEAS
Alright all, let's talk about some ideas for the coming week.

This is one of my favorite ideas for this week, but I'll wait on the name. http://twitpic.com/237qu The previous 'no name' long for this week was $ISRG.

Many commodities ran this week but several did not. $ACI is one I am watching closely. http://twitpic.com/2385j

$ANR is another I am watching closely. http://twitpic.com/2387g

$SHLD is the last idea I have time for. This is high on my radar for the week ahead. http://twitpic.com/238em

$PRU broke steep trend line. I'd be patient. http://twitpic.com/237tj/full

$MCD http://twitpic.com/237wl I was short $MCD for some time. If market falls apart, I will go here first.

I have been building a position in $UDN on this very chart. I will respect trend line. http://twitpic.com/2381o I am stopped on $UDN when the $UUP recovers that trend line. Until then I ride it.

hanging out, drinking, and talking stocks

2009-03-11T21:32:00.004-04:00

Here are ideas that were interesting to me after hanging out, drinking, and talking stocks with @stevenplace at www.investingwithoptions.com

CTRP – higher lows
KMB – short
WFR – coiling
PBR – higher lows – break above 30-31
USO – or USL
FXI – 28-32
YHOO – gap fill to 15
AEM – bearish
FCX – bullish

Brevity is the soul of wit...so do your own research and make your own decisions.

Ideas Week of 3/9/09

2009-03-07T22:12:00.003-05:00

Ideas Week of 3/9/09

Disclaimer: The majority of these ideas come from the @Tickerville Saturday morning brunch. In fact, many of these are direct quotes that I use as a check-point during the week. Trade at your own risk. Any reference to "I" is from @tickerville. The blog author did not have time to grammatically update that piece this week.

**Thanks to www.stocktwits.com for hosting. An excellent venue!

I was not present for this week's brunch, so I if I miss something, please don't "shoot the messenger." Also, I am pilfering through 10 pages of search results, so I hope I capture the jist.

Nice message here: dmooney9: My TA training from @tickerville and @traderalamo let me put a good stop on $V and $CELG and hold off buying $NUE. Thanks guys. WOW! Enuf said!

Last week's mystery chart was a success! "One of my only meaningful trades was a $goog short which was last weeks mystery chart." "Here is last week's $GOOG chart http://twitpic.com/1r2wp How many could have made your week on this one trade?"

@ppearlman normally late fri covering no big deal but this had Rocky like force behind it. $SRS reversal spoke volumes.

The best I can tell is that the first hour was spent on trading, emotions, and "bottom calls", which I guess can be pretty close to booty calls, no? Just about as effective?!?! Sorry, I digress.

http://twitpic.com/1wl21 - Oil is something that has become technically attractive. I started $DXO this week.

STOPS: Stops should always be based on technical breaks, where the trade no longer works. You must calculate this before hand. If that stop strategy doesn't make sense. We have some work to do, let me explain.

Take your $TBT. Technically that is extremely attractive and only breaks down below $43. There is no reason to be stopped out there. You should use a reverse calculation to determine how much you are willing to lose should $TBT fall below $43. Say you are willing to risk $1,000 on the trade. Stock is $2.35 above stop, hence your share count will be 425.
This is probably the most important thing we have ever addressed in the Brunch and funny, that most will pay no attention to it.

OK, with an hour to go, let's talk some charts. We'll hash out more psychology next time.

XOM - http://twitpic.com/1wlvy - We've been stalking $XOM for a very long time. I am out now waiting for another entry.

GILD - One of my favorite shorts $GILD, we've been stalking for months, broke hard the last couple weeks. I want to re-enter here. http://twitpic.com/1wm17 $GILD high on radar.

So, considering my only short is $GOOG, let's prepare ourselves in the event we do bounce. One of the things I have learned is to never give up on a stock regardless of how many attempts you make.

FCX - http://twitpic.com/1wm53 I added $FCX again to my Minyanville public portfolio this week. One of the best long setups out there. What I like most about $FCX, is that the day after it broke (Thursday) it had a constructive pullback that allowed for entry.

CAB - http://twitpic.com/1wm8w $CAB is quite attractive. The break in $SWHC on Friday should set the tone here.

@BuyOnTheDip No comment on empty buildings but the $SRS reversal on Friday was incredible. I will be looking for follow through here down

One area I am particularly interested in is China. There is much noise surrounding this group, but technicals becoming interesting.

FXI - http://twitpic.com/1wmhm $FXI is really starting to interest me here.

BIDU - http://twitpic.com/1wmjs We don't have to like it, but we need to respect the $BIDU break.

CTRP - http://twitpic.com/1wmmh $CTRP is one I am watching in this area. I would play the break.

S - @zortrades I have a trend line drawn on $S connecting 11/4 top with 2/26. A break there would have me long.

NTES - http://twitpic.com/1wmtq Another china name that interests me $NTES

SNDA - http://twitpic.com/1wmvu $SNDA another China name for the list next week.

MYSTERY CHART TIME: The point always with mystery chart is to determine your course of action without a bias. Ironically, some will still have a bias and not remain open to change. These will be those that fight the trend to the upside.

http://twitpic.com/1wn6e Let's break down this mystery chart a bit. Thoughts?

Here is the daily: http://twitpic.com/1wnkk Mystery chart daily. Note the 3 trend lines.

The mystery chart is $EEM. Let's see how it plays out this week.

Will miss Stocktwits Brunch on 3/7/09

2009-03-07T09:41:00.002-05:00

I will not be at the brunch this morning.
I will go back and summarize later this evening.
Please check back later for an update.

Have a great day!

Ideas Week of 3/2/09

2009-02-28T12:40:00.004-05:00

First off, let's recap. S&P down 4.54% this week. 18.62 % for the year. I continue to see predictions after predictions. Why does someone come onuto the web with a big following and say "All In". Oh, a little secret. NO ONE KNOWS what will happen. If they say they do, they are lying.

A great rule of thumb for momo stocks is the 9day MA. When that breaks on volume get out. No questions asked.

Some fun this week with a Mystery Chart:
I use a mystery chart so that people can detach themselves from the company when I tell you who it is. We shouldn't give a rat what the company is. We should simply play the chart, identify the risk reward and be on our way

http://twitpic.com/1r2ly OK, thoughts on this chart???

We shouldn't care what it is, just HOW to play it. When I look at this mystery chart I see an attempted death plunge that was bought. I see big head and shoulder top, with higher right shoulder to suck in longs. I see that it is now dancing on a huge support area. I see that the risk reward for going short on a break of this support area, looks excellent. Ala it is minimal risk to be stopped out if it moves back above the line and the move down to at least retest lows looks large. The trade is AFTER the move is made. Interesting. A buy at support right here also looks like a good risk reward. I think what we can ALL agree on, is just how pivotal the area this stock now sits. Yes? But if too many shorts were leaning i would attempt to fade the shorts on big bear snapper @TraderAlamo Bingo sir Paris! If I showed you volume you'd get even more fired up. My point in mystery chart is not to be silly or play games. So often when I review charts, I start to get feedback about other garbage

Scroll Down for answer to Mystery Chart - sorry, I can't make the text upside down like in those elementary quizzes!

Now, for some open conversations and ideas:

http://twitpic.com/1r19m $AAPL weekly. You can see it is moving sideways and setting up for possible big break lower. I think $AAPL is being kept up by hope that it can weather the retail storm. I would play a break long or short, either way. $AAPL is in the same spot it was since October. While market has sliced through lows like a hot knife through butter. Is $AAPL immune? I think not, but we have to review the weekly here and it is one of my favorite short opps.

@JST4FSH I didn't catch $AMGN, but I did catch $IBB and $GILD both were butes. We've been talking about $GILD weekly short for weeks

@tickerville $$ Kudos. Great short calls last week on $FSLR and $APOL. @BlinnPR Thank you sir. We'll update $APOL and $DV. They aren't done.

http://twitpic.com/1r1ds We've been watching $XOM for months. Finally it has given us a good run. I booked my gains here this week. I do think $XOM will set up again for a short, but I will give it time to form another wedge as it did before.

Last week you talked about $BBT; it rose modestly this week despite raising their div, what do u see it doing over next few months? Before the 'modestly' part $BBT had a monster run. I didn't play it either way, but it is acting like it survives I need a set up

Now, while I covered all my shorts as noted by my Twit post on Friday. I am watching for re-entry. I covered shorts because clearly we're oversold. Doesn't mean we can't become MORE oversold. We want to be prepared either way.

Last week @Howardlindzon asked my 3 favorite shorts: I replied $XOM, $MCD and $DV.

Let's break down our old $DV http://twitpic.com/1r1ja $DV weekly broke but held on by a thread. I am waiting for a light volume hope bounce to lay out my short again.

@tickerville $SWN got silly upgrade on friday...moved right back to shortable area when it bumped it's 50 dma.
@CubbieBears Noice one. Let me mark up that chart. Like it quite a bit!
http://twitpic.com/1r1n9 Off @CubbieBears eyes this will now grace my watch list this week.

@tickerville $AMZN looks frothy? @bluewaterpro Actually if market can catch a bid. I would go here first. When I get to longs, I'll do chart.

@JST4FSH We talked about $AKAM this last week as my favorite long set up. It was a good trade but was hit by Flipper mania. Had to move quick. Real move will come if market catches bid.

When market runs we have to play fins. They'll have the most juice. $GS $MS the leaders there.

@urban_ryno In Tickerville this week we played $BAC for a sick gain. I played $FAS for a 30% move in Minyavnille FlexFolio.

@tickerville... That $IBB stalk and kill was money!!! Great great trade & patience ... well done sir! @BuyOnTheDip That took some time but the $IBB was a beauty. Last thing on $IBB. I think what's important to see with that trade is I was prepared to go either way. I didn't care.

Specific Ideas from @tickerville:

AKAM - http://twitpic.com/1r1v0 $AKAM daily still looks promising. One of the few. I like the anticipatory buy, peeling off into pop Stop Noted

AMAT - http://twitpic.com/1r1xn I would be play this stock long off a trend break with volume. The accumulation here is worth noting.

AMZN - http://twitpic.com/1r1zy Keeping an open mind, I am watching $AMZN for further squeeze potential on daily. A high volume break.

APOL - I saw many shorting $APOL this week. It was a good one. I would like to leg into a short there with $DV.
http://twitpic.com/1r225 I would like to see a low risk entry on $APOL in time.

CMTL - http://twitpic.com/1r24y $CMTL cracking. Weekly one of my favorite short setups. Check for earnings date. Not sure when it is.
@dwha Thank you! Please note $CMTL earnings on 3/11.
$CMTL earnings 3-4-09 after market unconfirmed info from briefing.com
http://twitpic.com/1r351 But here is the $CMTL weekly that looks oh so tasty as well. When the time frames align it can be a beauty

COCO - seems to be dancing to a different beat. A move back below 17.70 would have me pouncing here.

GILD - http://twitpic.com/1r28b $GILD cracked for us this week. I covered to take gain. Definitely looking to re-enter.

GMCR - I am not sure if it was last week or week before, but we talked a bit about $GMCR, on this same premise.
http://twitpic.com/1r2f3 $GMCR weekly nothing too exciting. Hanging under trend line. Need to look under hood.
http://twitpic.com/1r2h4 under hood $GMCR doesn't look so hot. Looks ripe for short

HSIC - http://twitpic.com/1r30u $HSIC daily looks ripe to me. First break seemed suspect. Next one may be real deal

MOS - I heard lots of takeover chatter on $MOS. Nice run there but not for me yet. Could gap-a-roo if real.

GERN - This is failed mo mo. Not for me at all. Maybe it comes back around but it's all trapped money now $GERN
http://twitpic.com/1r3et When momo leaves, it is dangerous.
Note that $GERN first broke 9day MA on 2/10 giving you ample time to say goodbye.

GILD - The great thing about $GILD this week was how weekly and daily aligned. $MICC is one that is coming together on 2 time frames as well.
http://twitpic.com/1r33m OK, so here is $MICC daily. You can see it is very close to a break.

GME - http://twitpic.com/1r39h Per request. Here is $GME daily. Dancing on trend. This is an interesting chart. Let's discuss it a bit. One would normally look at a rising wedge like this in a bear market and be certain it will break support
But sometimes, eager shorts keep hitting it early, are forced to cover, sending chart higher and higher. When I see a pattern like this, it is truly a 'trade the trader' type pattern where the obvious may not work. If market catches a bid, I suspect it could run into 30's. If market continues to crack, I would take short on a break of TL

IBM - $IBM isn't for me and does not have the air under it that $GOOG has.

MDR - @BuyOnTheDip http://twitpic.com/1r3hg $MDR for you. I'll be watching. Nice.

TSYS - I am long a little $TSYS and will get to chart in a bit, but so far it too is under attack. When we bounce, as we did on Tue, I play crap $$

MYSTERY CHART is, drum roll please…
Mystery Chart is $GOOG weekly.

http://twitpic.com/1r2wp

Ideas Week of 2/23/09

2009-02-21T12:06:00.006-05:00

Disclaimer: The majority of these ideas come from the @Tickerville Saturday morning brunch. In fact, many of these are direct quotes that I use as a check-point during the week. Trade at your own risk.

* Because of all the "discussion" this week, any reference to "I" is from @tickerville. The blog author did not have time to grammatically update that piece this week.

**Thanks to www.stocktwits.com for hosting. An excellent venue!

Another great week on www.StockTwits.com and the Saturday morning brunch with the Q-Man = @tickerville. This week got off to an interesting start, with some interesting, and shall I say "heated" 140 character discussion of "philosophical" and "idealogical" concepts of trading and the the markets. I tried to capture most of that thread and it is towards the end of this post.

Personally, I prefer the Technical Analysis, Charts, and the ensuing comments surrounding this information. Here is what was analyzed this week:

- http://twitpic.com/1lxln - $AOC weekly is high on my radar. Should it crack the level shown. $AOC had 200wk MA support there too

- http://twitpic.com/1lxqa - $APC daily is a short I am watching. It already broke and I would love to see it bounce a bit.

- http://twitpic.com/1lxc6 - $AMGN may work if market heats up. Looking for break on high volume

- http://twitpic.com/1lwti - $XOM weekly continues to roll over. Down another 5% in the past 5 days. $XOM is a perfect example. It has taken time, but continues to follow a pretty good TA weekly rollover pattern. I added more this week.

- @tickerville is there are stocks just breaking to all-time highs?

- @howardlindzon A few. Let me put up $AZO I am watching for this week. http://twitpic.com/1lwzt

- $AZO is a long potential, breaking out of multi-year base on volume.

- @tickerville what are your three favorite short setups right now? @howardlindzon Longer term, I have to stick with the ponies I have been riding for months now. $MCD, $XOM and this week I added $DV

- A Mid-week post: $NUE a/v http://tinyurl.com/byatm3

- http://twitpic.com/1lx7m - One of my favorite long set ups this week $AKAM

- Let's break down that $APOL. Here is one that is quite interesting to me . http://twitpic.com/1lxu6
- $APOL weekly chart still looks bullish. interesting that volume on the weekly supports a bullish stance on $apol still Yes, it's putting up a fight for now. http://twitpic.com/1lxw7
- $APOL Daily looks VERY vulnerable however is putting up a fight.
So in conclusion, the reactionary short on $APOL is to wait for a break back below $76.30. But there is a very good risk reward for starting short in anticipation, with a stop above distribution day. $84.22

- Now, let's look at another educational stock, that I got short this week on the big break. $DV http://twitpic.com/1ly4l - $DV is a short I started this week. It cannot get back above weekly trend. http://twitpic.com/1ly6g - $DV daily shows big cracks. Good entry here but be patient.

- ECRX - http://twitpic.com/1lya4 - We had a very good short here earlier this year. I am looking for round 2

- http://twitpic.com/1lybm - $FCX is a long I am watching. It has been very resilient and may be poised to attack trend line again.

- If we rally it will have to come from the fins that will live. I have stayed far away from this area but little guys are interesting. May just be an exhaustion rally, but it's worth watching. they have some shrt trm pain cmng but will survive.

- http://twitpic.com/1lyhn - $BBT goes onto the list I am building of fins that may live.

- @tickerville can you update your views on $ASEI ? @ppearlman Yes. I had this in MV FlexFolio and sold it after the post earnings reaction. It did not act like a winner after those numbers. from @cubbiebears (I think) - @ppearlman with all due respect, $ASEI looks brutal....thx for pointing out nice short opportunity

- http://twitpic.com/1lynj - $PDCO popped on earnings out of a multi-month base. I am watching for a prudent entry on long side.

- http://twitpic.com/1lyra - $PX daily looks vulnerable as it bounces off the trend line. I am looking for a short here.

- http://twitpic.com/1lysx - I love $SBUX coffee but their chart looks vulnerable. I am looking to short on a break.

- http://twitpic.com/1lz00 - $SRCL was a short of mine a few weeks ago. Covered in flush. Looking to re-enter.

- http://twitpic.com/1lz2y - $TJX is a retail I am watching. It has been consolidating nicely.

- http://twitpic.com/1lzcl - $GMCR weekly looks bullish, but has some subtle signs of cracking. Similar to $DV

- http://twitpic.com/1lzeq - $GMCR is a short on a break below Friday's low with a stop at Friday's high.

That's it for the TA - below is the most of the verbiage:

Let's kick off this morning with a short discussion about last week, and the evolution of our brunch. We're heading into month 3, and while I am excited how we've progressed, I always want to try and take it to the next level. Last week, I tried to talk about more actionable ideas, so I brought you into the world of intra-day trading, reviewing intraday charts I was seeing a lot of intra-day action that suggested we may actually pop, bearish patters that were failing

By 9:31am Tuesday morning, this thesis was completely blown apart. I spent the week chewing on how worthless last week's brunch was. (don't beat yourself up @tickerville!)

So what I would like to do this week, is revisit many of the longer term patterns that have been working. And discuss ideas that I am watching in that same manner for the upcoming week. Making consistent money in the market is not easy. For those who say it is, they are lying. We all have to find our own style that works.

May I ask why people are always bent on making predictions? I never get that.

Keep in mind, I am never here to convince anyone of anything. I can only relay what has worked for me and what may work for you.

I am not smarter than the market. I am simply here to try and play along and take more out than I put in.

It's always a good debate and I have learned that I will never 'convince' anyone. My goal is to teach those who desire to learn.

Style is often correlated with your personality.

I come from value background. Would NEVER go back.

Remember, you don't have to predict anything, you just have to be humble enough to jump on for the ride, regardless of direction.

I only started making real money, and avoided 70 year melt down for all my clients due to Technical Analysis.

Trading is about identifying opportunities. The quantifiable opportunity gives you your edge. Probabilities give you your profits.

It was puke fest followed by a bounce. Been a Thursday, I think it would have followed through. Nationalization fears capped us The key with this week was to adapt quickly. Clearly coming in looking for longs was proven wrong immediately. One has to adapt and adjust

What a week!. The averages were blown apart with the S&P dropping close to 7% for the week.

TA has been working just fine but you have to be much more patient.

This is a great place to begin I agree T/A works fine but there are blips in the data when news or reaction to news hits. This is an excellent point. It is why I continue to gravitate toward the weeklies. I trade weeklies in a different account than my daily swings or intra-day.

In my weekly account I had them shut off quotes.

If asking if I think market bounces from here, I say yes. I am not yet adding in anticipation but let me draw up some longs

Also, I get many questions on why I don't tweet enough during day. Pre-Stock twits I launched FlexFolio with Minyanville, I run Tickerville and manage $

If I may plug my 8 hour boot camp. I got so fed up with all the bad info out there I put together my own. http://bit.ly/16g1tO

I am out of $GLD now too. Sold a tad too early but will re-enter in the future. The refiner dump has me interested. Until they cracked I stayed away. I need a set up to put meaningful money to work there

Ideas Week of 2/16/09

2009-02-14T12:30:00.007-05:00

Disclaimer: The majority of these ideas come from the @Tickerville Saturday morning brunch. In fact, many of these are direct quotes that I use as a check-point during the week. Trade at your own risk.

**Thanks to www.stocktwits.com for hosting. An excellent venue!

Quotable

One of many spot-on quotes: "Market knocked on deaths doorstep this week, breaking Nov trend line, but socialist mortgage plan saved the day."

Another great quote: "...that is because you are humble enough to learn and will succeed. Only pride stands in the way of making money in the market."

Commentary

It's tough to trust, but there is an interesting bid under this tape. The last couple weeks has had him covering a good deal of his shorts. The bid is not showing up yet on the daily charts at all, but the intra-day's have him looking for longs of late.

Since the brunch started in the first week of January he has come on each week and talked about shorts. He is now looking at potential longs. Could he be wrong? Of course he could. That's part of the game. "I won't argue with the market if that happens. I am just relaying what I see. Remember what has me eying long is that short breaks have been failing."

Here is the interesting thing and worth noting. He reviews three time frames. Weeklies, Dailies and Intra-day.

Weeklies he reviews are still in bearish patterns and will be for a long time. Interestingly, many have stopped breaking down. This could be short term phenom or a clue to stop shorting. He has pulled in many of those shorts until they start working again.

The dailies aren't there either way. So he has no daily swings going right now at all.

Which leaves him with intra-day charts. 10, 30 and 60 min. Interestingly, he is seeing more bullish patterns here than bearish, and therefore his focus is on these charts for the time being. He is seeing bearish patterns fail. It may not last, but its there. Seeing intra-day chart longs. He is looking at intra-day where volatility rules. You cannot view a 60 min chart and turn it into daily swing.

No, we can't trust a thing. @tickerville is trading weeklies and intra-day patterns. That is all that he is trusting right now. He believes that one must really embrace this chop to succeed in it. He has been holding incredible amounts of cash.

Let's look at some specifics:

$XOM broke down this week and will probably rally back to the trend line resistance - http://twitpic.com/1hgo6

$MCD starting to crack. No supersize yet but getting there. http://twitpic.com/1hgqf

$CAT - Trading is all about looking for clues. http://twitpic.com/1hgvq (30 min chart)

GOLD - After several months, he sold his $GLD on Thursday. He will wait to see how it handles this longer term trend. Thursday’s evening star may be a topping sign. He tried some $DZZ but was stopped quickly. He wants to go long again in time. For an explanation on "Evening Star" look here: http://thepatternsite.com/EveningStar.html You see Thursday's candle on $GLD chart and the gap lower on Friday. Evening star and short sign.

$RIO - Bingo, you see that 10 min break on Friday? @JeffreyLin played that in a textbook manner.

$CME 60 min chart showing multi-month trend break up. http://twitpic.com/1hh7v - He will be looking to go long $CME based on that 60 min chart with a stop at trend line. "@Jsalvo - I am going to go out on a limb and say CME gaps up Tuesday." Yeah $CME could take off of the daily 50sma that's why he likes its nice consolidation. What is good about the $CME is when you review the 60 min and see trend break, you can look at daily and realize it could really run.

$FLR 30 min inverse head and shoulder http://twitpic.com/1hhh8

He found a perfect example to show bear trap. The $IBM chart. http://twitpic.com/1hhlj - $IBM bear trap. 60 min

Another bear trap $LLL Notice how vicious rally was after false break down. http://twitpic.com/1hhoi

Here is one of his best trades this week. It was $X. http://twitpic.com/1hhs7 - I didn't do many of these, but realizing the traps kept him out of trouble.

$MS 30 min interesting trend line - http://twitpic.com/1hhxf

Last week one of the primary discussions surrounded ‘set ups’ and all the stocks discussed needed good entry. Specifically discussed was $STLD and how he was watching for a constructive pull back. Well, did we get it? Nope! So did you take it? Shouldn’t have! This is how one avoids losses. Here is $STLD from last week. http://twitpic.com/1df75. $STLD daily updated. http://twitpic.com/1hi5h - Did not set up in a healthy manner.

He sees nothing yet on $DIG. Daily and weekly horrendous. Intra-day mixed.

$TEVA as noted last week. Stopped out, but shows why stops are important to respect always. http://twitpic.com/1hi74

$ADP short ?...everyone losses job-they got to suffer badly and chart looks brutal Weeklies point down, dailies are not prudent either way. Intra-day is interesting and I'll note that.

Pull up 30 min $OIH. This is a break down he is watching closely. Draw a trend line from 2/3 and 2/4 low. You see how it broke through that trend line on 2/11 with a kiss on the same day and again on 2/13? So far the bearish breakdown has been confirmed. But if it fails, and $OIH recaptures trend, he'll go long quickly. http://twitpic.com/1hida - $OIH as just discussed.

$GOOG a 30 min that is on my short list. http://twitpic.com/1hiug

As he looks at the week ahead:

Core shorts are as follows: Short $XOM, $MCD, $GILD, $ESRX
One swing short $PDA
One swing long $WPRT

$AKAM consolidating nicely post pop. 30 min over $18 he'd take it with stop at $17.60.

$AAPL is similar to $GOOG in that it is hanging below trend line on 30 min but not yet breaking down. Over $100 he'd try

Semis have shown a resilient bid. If the Head and Shoulders on 30 min fails, he would be interested in $LLTC http://twitpic.com/1hj5 v

Ideas Week of 2/9

2009-02-07T12:11:00.003-05:00

Disclaimer: The majority of these ideas come from the @Tickerville Saturday morning brunch. In fact, many of these are direct quotes that I use as a check-point during the week.

**Thanks to www.stocktwits.com for hosting. An excellent venue!

The market wants to tag $es 945 to 1060 on this run...then it should fail...its just a retest of old support

IWM - For broad exposure, I am looking at it should market continue. It has heavy fin exposure and catch up ability. I have always viewed the $46.51 level as very important here, which means it isn't too extended and just regaining some health. The $46.51 is the Oct 10th bottom before monster reversal. It has been the start of my channel support in IWM since then. While the 50 day sma is significant, the 50 day ema is more relevant in this volatile market and IWM was stopped cold there.

LONGS
CHKP - http://twitpic.com/1defu
BRCM - http://twitpic.com/1dedc
STLD - http://twitpic.com/1df75 - Here is one I'll be watching VERY closely.
INFY - http://twitpic.com/1deo2
VRSN - http://twitpic.com/1dfay
CWT - Really like that
ENSG - right at Jan 8th point - thin trade

SHORTS
BBBY - is one of my favorite 'daily' short setups going into this week. - http://twitpic.com/1dfkv

ESRX - http://twitpic.com/1dfpe - lived to fight another day in the QMan short world.
GILD - http://twitpic.com/1dfts - Yup, still short this one. Not stopped yet
SRCL - http://twitpic.com/1dfxr - Still a weekly short of mine
TEVA - http://twitpic.com/1dfyn - And of course, can't forget TEVA up 1% for the week
ATW - http://twitpic.com/1dg1j - has already started a constructive base, post break.
DO - http://twitpic.com/1dg34 - is one I'll be watching closely for potential entry.
LMDIA - http://twitpic.com/1dg4u - has already started to set up. High on my watch list.
MDCO - http://twitpic.com/1dg6b - on watch list as well
MXIM - http://twitpic.com/1dg81 - another i have been stalking. Not there yet

Ideas Week of 1/26/09

2009-01-25T13:52:00.001-05:00

2009-01-25T00:15:00.000-05:00

Can you say $SRS?

2009-01-19T14:58:00.003-05:00

Comml RE Outlook Getting More Dire As Credit Remains Frozen

The outlook for commercial real estate is getting more dire amid few indications that frozen credit markets will thaw soon...A recent NAR report noted that investment in commercial real estate during the third quarter was down 70% to $34 billion. The organization expected that figure to plummet to 95% for the fourth quarter.
Did that just say plummet 95%?

And mall giant General Growth Properties (GGP) is frantically trying to stave off bankruptcy by negotiating with its lenders to extend roughly $3 billion in loans. That is Billion with a "B"

Continue reading here: Comml RE Outlook Getting More Dire

Some links to real estate articles

2009-01-17T22:20:00.003-05:00

This was first posted March 4, 2008 - WHAT? ...Who's to blame?
Link to the article on Digerati Life

What caused the mortgage mess?
Link to the article on Bankrate.com

The Real Culprits in the Meltdown
Link to the article on IBD

My favorite of all time...
The Mortgage Lender Implode-o-Meter

First Ever: Real Estate sucks

2009-01-17T12:58:00.004-05:00

I have and continue to read so many others, I thought I would jump in head first. So, here goes.

For now, my main focus is and will be Real Estate. I guess the best word is revenge. I was severely and personally burned by the real estate bubble. I will go into more details as time goes by. But for now, thanks for following my journey.