Blog
Weekly Market Commentary from 5/09/08
While the market did pull back, as expected, it was orderly and relatively mild. The chart below shows daily view of a composite of the 5 markets we currently trade. The Markets are above the red support line and the yellow down-trend; both of those are bullish indicators. Though not on the chart by itself,
At least Someone Wants US Dollars
At least someone wants US Dollars. In a cautionary tale about what happens when inflation gets out of control, there were riots in Somalia recently over rising costs, counterfeit money and local traders refusing to accept local notes (demanding US dollars instead). While the scale is different, human responses to fear and greed are universal.
Focusing on the Right Things
A few years ago I had lunch with Larry Connors (who is a well-known trader and runs the website TradingMarkets.com). We were talking about what makes great traders great, and what causes some of them to get in trouble. Larry said he believes that many people with a real "edge" fail to exploit it because
The Rhythm of Writing
Here is a trick I use to write better and more naturally. It is called "timed writing" and it has been easy and effective for me. This post will briefly describe how it works. First, pick a song to listen to while doing the exercise. Then I get a piece of paper and a pen.
Market Commentary as of May 2, 2008
The Bad News: The dollar has been very weak. Like the temperature in Dallas, the price of gas continues to rise. Housing prices, however, continue to fall to record lows. Nice summary here. Despite the recent rally, the average stock is still 27% beneath its 52-week high. And market commentators point out that we are
Do you like a good cup of coffee?
I use a Senseo … and I love it. Great coffee or tea, a cup at a time, when I want it, with no clean-up. Last week I got an e-mail from the company that makes these gourmet coffe machines. As a marketing experiment, they are giving away the Senseo to "influencers." To get yours,