The Market is Setting up for Something

I’m looking at all of my short and long term indicators as to what is happening in the market and I can’t help but feel torn. One indicator and I get that little rush that you feel when you spot a long opportunity. Then I turn the page and I get that “hard-swallow” when I [...]

That’s No Bailout

A couple of days ago I posted about what I would do if the S&P reached 1350 and/or if there was a monoline bailout. Let me explain why both of those things never happened and why I didn’t trade any of it.
Monoline Bailout? This isn’t it.
So ABK announces a fancy version of a secondary. Most [...]

Conviction Is Key To Successful Trading

Over this past week, I have been looking for trading ideas going forward for the short term. Although I have come up with a few, none of my ideasĀ have panned out. I haven’t madeĀ 1 trade this week. There have been a couple of times I was close. But when you have a short-term idea, you [...]