tag:blogger.com,1999:blog-7685875868990826812011-11-27T20:31:19.003-05:00Beating the Market one Powerful Stock at a TimeSolitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.comBlogger1311100tag:blogger.com,1999:blog-768587586899082681.post-69441231816724989722010-07-23T13:58:00.004-04:002010-07-23T15:29:32.607-04:00

Don't argue with the market. If it wants to go up it's going to go up. We've got some new cards it looks like...you never know for sure though.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com8tag:blogger.com,1999:blog-768587586899082681.post-47562138607074054502010-07-22T08:33:00.005-04:002010-07-22T10:02:16.188-04:00

A few months ago I was talking to a friend of mine after Church and he was telling me that he enjoyed playing Bridge. We talked about it for a while and I remembered that Jesse Livermore, in his book "How to Trade in Stocks", wrote about how he used to play Bridge on a weekly basis with a few of his business associates. I mentioned this and was subsequently invited to learn the game.It takes a

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com5tag:blogger.com,1999:blog-768587586899082681.post-38786502705819012632010-07-16T14:19:00.014-04:002010-07-16T15:50:03.680-04:00

Today the market is once again doing what it does best: Confusing people and separating them from their money.For the last eight days the market has gone almost straight up. Eight days is a long time. On day one or two people notice that the market has stopped going down for a while. Then they watch it go up a lot more over the next couple days. After a while it's too much to take. They know

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com2tag:blogger.com,1999:blog-768587586899082681.post-72632772987945418282010-06-08T11:25:00.004-04:002010-06-08T13:21:14.523-04:00

Investing in the stock market is a lot like fly fishing. First, you need some decent tackle, flies, etc. for various types of conditions. Secondly, you need to know what type of conditions you will encounter. Is the weather conducive to catching fish? Is the river or stream flooded? Is it storming? Does the place have any fish? Where are you fishing? Is it a pond, lake, stream, coastline, open

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-89738179622413337582010-06-07T10:49:00.009-04:002010-06-07T16:06:17.713-04:00

The market finds itself in the midst of another difficult stretch. It's not surprising. We are still in the middle of a long term secular bear market. These secular bears last from 14 to 20 years. The good news is that we have already gone through 10 years of it (it began in March 2000). So, no matter how you look at it, we are more than halfway through. The bad news ~ we have a few more years to

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com2tag:blogger.com,1999:blog-768587586899082681.post-83109696654058776342009-07-22T15:02:00.003-04:002009-07-22T15:09:51.734-04:00

The market is humming along here and many stocks are breaking out to new highs. The difference between this quarter's moves and last quarter's moves is "quality". Last quarter very few stocks met CAN SLIM criteria. However, this quarter there are a good number of quality stocks with good earnings moving to new highs on heavy volume. A very positive sign for the market overall.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-22931534668743865202009-03-28T16:59:00.006-04:002009-03-30T10:39:07.868-04:00

Daily Graphs Online has a database of 2,808 stock charts and ETFs that a person can access (Printed Product Reports -> Daily Graphs Company Index). I just finished viewing every single one of them.It's a time consuming process that takes about four or five hours. I try to do it every weekend. You just sit down at your PC, pull up the list, and start hitting the space bar to scroll through,

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com4tag:blogger.com,1999:blog-768587586899082681.post-64915617146714149082009-03-26T18:08:00.003-04:002009-03-26T18:24:33.592-04:00

Spring has arrived here in Ohio.It has also arrived in the stock market.The signs of new life are unmistakable.It's still early and we can expect a few more cold days and weeks - maybe even some frost. But good days are ahead.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-36971358332118675942009-03-12T16:25:00.006-04:002009-03-12T17:02:13.147-04:00

The last few days we've seen quite a rally; an 11% gain from the DJIA's intraday low on March 6th.If you started counting the rally attempt on Friday or if you started counting on Tuesday - the market has followed through.I'm not going to argue with those facts. Technically we are in a "confirmed rally". Nevertheless, I haven't forgotten that we have had more than a few of these "confirmed

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com25tag:blogger.com,1999:blog-768587586899082681.post-8580624417507237232009-03-11T11:25:00.005-04:002009-03-11T12:13:10.539-04:00

Yesterday the market staged the best rally attempt I've seen in a while. It was strong and sustained. It might actually have some legs. The financial pundits and talking heads are all over the map on what yesterday actually meant. Most posit a bear market rally. Some are more optimistic. Some compare this to the 2002-2003 bottom. Some compare it to the 1937-1938 bottom. There was no obvious

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com5tag:blogger.com,1999:blog-768587586899082681.post-29409035515728147622009-03-03T14:18:00.003-05:002009-03-03T14:56:37.863-05:00

You know, I trade/invest for a living. I manage money for a living...and I haven't lost a dime during this whole -55% or so market plunge.However, if I hadn't come upon Investors Business Daily back in 2000, and if I hadn't pored over O'Neil's books, and if I hadn't subscribed to Daily Graphs, I would be in a world of hurt right now.The fact is, I'm not...and if I look for a reason it always

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com9tag:blogger.com,1999:blog-768587586899082681.post-18928496010281463222009-02-04T20:25:00.003-05:002009-02-05T11:55:28.980-05:00

There are a few stocks doing alright. But this market is either:A) Basing ~and that could take a while;B) Teetering on the brink of breaching prior lows;C) Getting ready for a bear rally due to stimulus bills, tax breaks, etc.Leaders are few, and it wouldn't take much to crack them.Cash is best for most...short term trading for others.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com31tag:blogger.com,1999:blog-768587586899082681.post-68727661797905906052009-01-28T22:13:00.003-05:002009-01-28T22:19:00.160-05:00

IBD is calling this a follow through day....All I saw was laggard stocks move up on tepid volume.We'll see.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com10tag:blogger.com,1999:blog-768587586899082681.post-74426610593850123142009-01-19T17:07:00.006-05:002009-01-20T16:41:29.217-05:00

The acronym CAN SLIM should be changed to MCLINAS, I think, so as to highlight in order the attributes of most importance in finding winning stocks. It wouldn't be as catchy as CAN SLIM, but at least MARKET would have its primary place of importance.Market: Uptrending ~ "Go Long"; Downtrending "Go Short" or "Stay out"....Period.Current Quarterly Earnings: 75% or greaterLeadership :Stock and

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com21tag:blogger.com,1999:blog-768587586899082681.post-89396575919490051012009-01-16T07:05:00.002-05:002009-01-16T07:11:01.498-05:00

No one ever said that speculation was easy.It requires thick skin, patience, humility, and a large dose of perseverance.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com12tag:blogger.com,1999:blog-768587586899082681.post-54246822054947165712009-01-14T10:10:00.002-05:002009-01-14T10:19:12.962-05:00

The thought that we might be in a tradable rally has been diminishing as the days go by. IBD has changed its market view and now sees the market in a correction.We were very overbought and we worked that condition off over the last few days.However, stocks aren't acting right. The rally was being led by laggard stocks on low volume. Breakouts were failing left and right. There was no real

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-17191116955367993272009-01-08T10:00:00.004-05:002009-01-08T16:47:47.626-05:00

As mentioned previously, the market was severely overbought. A pullback was due...had been due for a few days.Many stocks are forming the right sides of their bases. Some might be forming handles. The market is not going to allow the majority of stocks to break out though until earnings are on the table. So we should not expect breakouts to be working yet except in cases where companies have

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com10tag:blogger.com,1999:blog-768587586899082681.post-59285747379759269832009-01-02T16:01:00.002-05:002009-01-02T16:09:12.748-05:00

All the indexes were up around 3% ~ but on very little volume. Laggards were the best performers while the new crop of (possible) leaders remained almost motionless. Nice trend up day though ~ good for catching a few short-term trades.The indexes are very overbought here. http://stockcharts.com/charts/indices/McSumNYSE.htmlCompanies will start reporting earnings shortly.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com50tag:blogger.com,1999:blog-768587586899082681.post-19479030976319931172008-12-24T10:06:00.002-05:002008-12-24T10:07:42.390-05:00

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com16tag:blogger.com,1999:blog-768587586899082681.post-72492273090338763262008-12-23T13:56:00.008-05:002008-12-23T15:30:18.862-05:00

http://finance.yahoo.com/expert/article/yourlife/130751Please read the above article by Ben Stein, otherwise the commentary below probably won't make much sense.............It is exactly because of articles like Ben just wrote that I'm so grateful that I began my investing career under the right mentorship of people like Bill O'Neil.The long bull market from 1982 to 2000 lulled a lot of people

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com10tag:blogger.com,1999:blog-768587586899082681.post-16426802060758939572008-12-20T10:11:00.006-05:002008-12-20T10:42:25.214-05:00

ST,I have a question. I have thought about it for a long time but could not get an answer, so I would like to ask for your opinion. Question: if many people are using the same CANSLIM method, will the method be discounted and not going to work?I have a few observations:1). H. Neill in his book clearly said that if too many people are using the same method, the market will discount the method and

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com21tag:blogger.com,1999:blog-768587586899082681.post-86306012124045424522008-12-19T11:27:00.007-05:002008-12-19T12:53:47.802-05:00

This morning I was talking to a fellow trader about the current market; I was thinking about how it is so news-driven and how all the powers that be want the market to stop correcting and start going up. As I was thinking about this, an image popped up in my mind:I envisioned a bunch of chickens being fed cornmeal. They are all running around in circles looking for any morsels they can find. As

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-29681112177642412022008-12-18T20:18:00.006-05:002008-12-19T12:41:48.401-05:00

The market has definitely changed its tenor of late. It has been ignoring bad news by the boatload. That is a sign that the market is getting healthier. The GE news today was such that it couldn't be completely ignored~ but the DJIA could have fallen a lot more.Many stocks are beginning to build the right sides of their bases and that too is positive.But is it time to get back in? Well, I used to

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com6tag:blogger.com,1999:blog-768587586899082681.post-65733055850711635772008-12-12T16:22:00.008-05:002008-12-19T12:19:40.115-05:00

Some people think I'm a little cynical about it, but this is exactly why I don't trust anything that comes out of the Wall Street establishment. This guy is a licensed Investment Advisor, ex-Chairman of the NASDAQ, International Market Maker...a fully licensed, bona fide, "wall street approved", white-collar crook.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com2tag:blogger.com,1999:blog-768587586899082681.post-90649593674520387322008-12-11T11:49:00.009-05:002008-12-11T15:00:01.369-05:00

In Van Tharp's latest newsletter he reviews a book by Malcolm Gadwell called "The Outliers".The book is about "success" in general. It asks the basic question, “What do hugely successful people have in common?”What I found fascinating from the review (I just ordered the book) was the fact that one trait hugely successful people have in common is that they have all practiced their particular skill

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com5tag:blogger.com,1999:blog-768587586899082681.post-1179692604440247352008-12-08T10:50:00.003-05:002008-12-11T14:03:11.075-05:00

This weekend I scrolled through the Daily Graphs Charts as usual. I placed about 50 stocks on my watch list. They all, for the most, part have good earnings, recent high volume, and and are building the right sides of their bases. There are signs of life out there. Some stocks have broken out only to fail shortly thereafter. This is normal. Other stocks are on the verge of breaking out - chances

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com9tag:blogger.com,1999:blog-768587586899082681.post-61052678802416619532008-12-03T16:46:00.006-05:002008-12-11T15:11:07.599-05:00

Yesterday was a "follow through day"... a gain of roughly 2% on one or more of the three major indexes (S&P 500, DJIA, NASDAQ) on above average volume greater than the previous day's volume occurring four to ten days or so after the first rally attempt.This term "follow through day" simply states that a rally attempt during a bear market might not simply be a short term phenomenon. It might

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com2tag:blogger.com,1999:blog-768587586899082681.post-52312645242611575302008-11-25T13:54:00.017-05:002008-11-27T23:53:02.138-05:00

ST,You have a deep understanding and insight about trading. I am wondering how long does it take to reach your level of trading psychology? In addition, how long does it take to master the ART side of trading? Roppel (Bill's poster child) told me that it takes a minimum of TWO cycles to be really good at sitting and holding with a big winner. That's at least 10 years! The reason I am asking is

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com12tag:blogger.com,1999:blog-768587586899082681.post-8885673455206454712008-11-18T22:11:00.006-05:002008-11-20T16:00:42.009-05:00

We are undergoing yet another rally attempt and awaiting a clear follow through day and leadership. A few stocks are beginning to perk up and the selling seems to have calmed down overall. Support has held so far...so, we'll see. Still on the sidelines in cash.You may want to read the article below. I found it interesting.http://finance.yahoo.com/banking-budgeting/article/106158/

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com15tag:blogger.com,1999:blog-768587586899082681.post-20960625638491900882008-10-29T20:15:00.005-04:002008-10-30T11:08:53.981-04:00

I've always known much of the data that the "financial industry" throws out to us is biased and incorrect. What I didn't know though was just how biased and incorrect it really is.The other day on CNBC Dennis Kneale cited a study stating that if a person missed so many "up days" in the market that their returns over a certain time period would be cut in half. His point was that trying to time the

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com13tag:blogger.com,1999:blog-768587586899082681.post-31248484754257327102008-10-29T10:32:00.003-04:002008-10-29T10:54:34.770-04:00

ST,if we get some follow through today,will you buy anything? RonTo tell you the truth, I've been noticing the character of the market changing over the last week. Whereas it used to want to go down, now it wants to go up. It has been a slight difference. Over the last few days it has been succumbing against its will. You could almost feel it. It was tired of going down. Yesterday it blew. When

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-84238811842009227472008-10-28T12:37:00.005-04:002008-10-29T15:49:37.107-04:00

Everyone who knows me asks the same question these days: Isn't it time to get back in the market? Stocks are so cheap right now!My answer: They can get a lot cheaper because as earnings decrease so will valuations.If you turn on CNBC you will hear the same refrain over and over - Financial Advisors urging their clients to get back in at these levels (problem is, I've been hearing the same thing

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com1tag:blogger.com,1999:blog-768587586899082681.post-56225226182167862552008-10-24T17:25:00.002-04:002008-10-24T18:08:09.318-04:00

The NASDAQ undercut it's rally day low.Given the looks of things, the DJIA and the S&P 500 shouldn't be too far behind. So we're looking at another failed follow through day. What can you do?The problem with the FTD is that you have to give it at least some respect...even when deep in your heart you know the chances of success are slim to none. So, what do you do? Wait and let the market play

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-23238966256014015192008-10-16T20:43:00.003-04:002008-10-16T22:07:01.686-04:00

Time to start looking at a few stocks/ETFs again.These turning points can be stressful. Trying to get into a position as the market bottoms is just plain tough. Take GOOG, for example. I've been watching it carefully. Last Friday it bottomed at about $310. Two days later it was at $394 (a 21% gain). Today it fell back to $309 (a 27% loss) and ended the day at $356. After hours the stock is at

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com2tag:blogger.com,1999:blog-768587586899082681.post-55131406091573024202008-10-13T09:24:00.005-04:002008-10-13T10:42:59.279-04:00

The market may have bottomed on Friday. Will the bottom need to be re-tested? Are we beginning a new bull-market? Who knows? We need to watch the action of individual stocks to see how they respond over the next few weeks. Price and volume will tell the story - not the financial pundits.I normally do not watch CNBC when I am active in the market, but this year, having been on the sidelines 90% of

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com9tag:blogger.com,1999:blog-768587586899082681.post-84868666905330501322008-09-30T09:57:00.003-04:002008-09-30T10:11:00.440-04:00

Don't have much to say...just waiting and watching. Some indicators point at yesterday being close to a bottom. Other indicators point that we have lower to go.This is a dangerous market as yesterday clearly showed...staying out for now.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com8tag:blogger.com,1999:blog-768587586899082681.post-33889246086620690702008-09-24T17:17:00.004-04:002008-09-25T09:43:50.493-04:00

Today I finally came upon an interview I have been wanting to find for a long time, the original 1959 Time Magazine interview with Nicolas Darvas. Click on the link to read it. http://www.time.com/time/magazine/article/0,9171,865930,00.htmlThere is also another interview that occurred in 1975. It is not presented as well, but the information is interesting. I'll post that one too. http://

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-34502953491407659172008-09-18T15:49:00.003-04:002008-09-18T21:20:50.623-04:00

We are living through historic times here...exciting...but glad to have just been a spectator. It could be time to get active again soon.Two very important things happened today:1. Financial stocks cannot be sold short for a while.2. Secretary Paulson is working to get some or all of the toxic waste off the balance sheets of the banks and brokerages and put in some type of Resolution Trust Corp

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com8tag:blogger.com,1999:blog-768587586899082681.post-66182160888800301922008-09-17T20:23:00.002-04:002008-09-17T20:32:08.558-04:00

This market is at deeply oversold levels and we are due for a bounce.http://stockcharts.com/charts/indices/McSumNYSE.htmlhttp://stockcharts.com/charts/indices/McSumNASD.htmlIt is simplest to play the ultra-ETFs in this type situation: QLD, DDM, SSO, UYG, etc...that is if you have the stomach for it at all. It is not necessary, but some people just can't resist a situation like this.Earnings

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com4tag:blogger.com,1999:blog-768587586899082681.post-41856371140933483782008-09-15T19:54:00.006-04:002008-09-15T20:42:48.435-04:00

When you're on the sidelines it is a whole lot easier to view this market objectively. Panic and logic rarely mix.Soon we will have an opportunity to get back in the game. But it's no good to make 40% if you're already down 30%. Bide your time. You don't need to catch the exact bottom. Our greed tells us we need to. Our ego tells us we need to. Our fear tells us we need to. But the reality is...

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com9tag:blogger.com,1999:blog-768587586899082681.post-69848267164917569712008-09-09T12:50:00.004-04:002008-09-10T14:10:28.369-04:00

Trader:What are your thoughts on trading in inverse ETF's when the market is in correction as it is now? I've done very well in DUG since the end of June to the present and am in QID, TWM, SMN, and RMS since the recent rally failed. My instincts are telling me we'll see more rally failures before we see new leadership establish itself and a true rally takes hold.John------------------------------

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com8tag:blogger.com,1999:blog-768587586899082681.post-23436467533316687202008-07-31T09:16:00.006-04:002008-07-31T12:26:23.689-04:00

Ok maybe I'm not experienced enough to be using margin, but I understood you could use margin at the beginning of a bull run. If this FTD holds wouldn't be possible to use margin?I am also confused about what William O'Neil says: the very first stocks that move up after a Follow Through Day are usually the leaders....but you seem to wait and wait...then wait a bit more...then enter the market. -

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com27tag:blogger.com,1999:blog-768587586899082681.post-68538466582629065992008-07-30T15:03:00.005-04:002008-07-30T16:08:05.098-04:00

There is often a lot of volatility around follow through days. Bears aren't yet convinced that the market is done going down and bulls aren't convinced that the market has really turned. Moreover, large upside moves create extremely overbought conditions that normally have to be worked off. Thus a follow through day should not give one license to dive into the market head first.A key sign that

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com4tag:blogger.com,1999:blog-768587586899082681.post-51419703785114287542008-07-29T21:52:00.001-04:002008-07-29T21:54:18.923-04:00

Not all of them work out (about 80% do) but no bull rally has ever started without one.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-39459631814870577462008-07-23T10:59:00.009-04:002008-07-23T13:05:41.571-04:00

A good trader does not argue with the market. He watches the market and listens to what the market is telling him. With that information he decides how to proceed using historical precedent and his own accumulated experience to guide him.That said, this market has been telling us that it does not want to go down anymore. It doesn't matter if CPI numbers are poor. It doesn't matter if banks are

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com7tag:blogger.com,1999:blog-768587586899082681.post-25627949395940065302008-07-16T14:43:00.002-04:002008-07-16T14:51:20.730-04:00

This rally attempt seems a little more promising as it is being led by financials and is accompanied by a decrease in the price of oil. Also, it came in the face of a bad CPI number that the market just ignored.Let's see how it goes.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-4683422748816217292008-07-15T11:49:00.007-04:002008-07-15T12:02:37.859-04:00

I've been with Interactive Brokers since 2004. I've never before seen this type message come over its wires.-------------------------------------------------------------IMPORTANT NOTICE regarding Intraday MarginIn light of the market volatility and the continuing turmoil in financial services stocks, IB will eliminate intraday margin reductions. Commencing at 12:00 EST today (18:00 CET),

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-18116905336541436522008-07-15T10:36:00.002-04:002008-07-15T10:43:27.978-04:00

This is why we wait for a follow through day.At the beginning of every market rally three things occur. 1st - a one day rally occurs. Second, a confimation of that rally or a follow through day needs to occur three to ten days later. Third, stocks should start breaking out of bases and moving higher.False one day rallies during a bear market are often caused by nervous short sellers covering

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com2tag:blogger.com,1999:blog-768587586899082681.post-33787066612122735352008-07-09T12:25:00.015-04:002008-07-16T12:51:38.611-04:00

In 2002, in order to improve my trading, I bought a course called Peak Performance Course for Traders and Investors by Van Tharp. The course was about $800. It marked the beginning of a very important turning point in my trading...and in my life in general.I had read about Van in the book Market Wizards written by Jack Schwager. The primary emphasis of the course is to recognize that trading

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com5tag:blogger.com,1999:blog-768587586899082681.post-77013646767812047682008-07-08T20:44:00.001-04:002008-07-08T20:46:44.233-04:00

Good volume and price movement - right on cue for earnings season. Let's see what becomes of it.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-89737965542120966632008-07-04T22:54:00.009-04:002008-07-09T14:00:19.654-04:00

Today I was watching a documentary on the History Channel called "The Revolution". It detailed how the American Revolution evolved from a simple tax rebellion to a full-scale revolution for independence. All the main characters were involved from Sam Adams to Thomas Payne to Thomas Jefferson to John Paul Jones, George Washington, Nathaniel Green, Daniel Morgan, Ben Franklin and so on.At one point

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com4tag:blogger.com,1999:blog-768587586899082681.post-78969108595649930962008-07-02T22:06:00.007-04:002008-07-04T23:52:55.724-04:00

Over the last seven months I have been, for the most part, out of the market. There was a short period from April to mid-May in which I was in. During that time I was able to muster a 17% return. But then the market dynamics changed and forced me back to cash. I think that's just the way it's going to be for a while. The periods in which money can be made will become shorter and shorter.This is a

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-12568477853453457952008-06-26T09:59:00.002-04:002008-06-26T10:15:54.678-04:00

Apologies for not having posted recently. I've had very little interest in the market and have been completely out since mid-May except for a few energy trades.Stocks are in a bit of a predicament now, but markets don't go down forever. The best thing to do is to hold onto your cash and await a follow-through day. We might get a move up in July/August. Then again we might not. After that we will

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-27234841815693151272008-05-12T12:13:00.006-04:002008-05-12T14:39:24.994-04:00

"I am on my 2nd reading of Livermore's book, and trying to get a grip on the market key, ie the spreadsheet he uses to track stock price movements (normally 2 in the same industry). Just wondering what you thought of Livermore's approach versus CANSLIM. Do you see it as complementing or conflicting? Sorry I'm rather general in the nature of this question but just looking at how you reconcile the

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com28tag:blogger.com,1999:blog-768587586899082681.post-56858374539062027592008-05-06T16:16:00.010-04:002008-05-06T18:37:03.400-04:00

"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor.Over a period of years I have rarely attended a dinner party including strangers, that someone did not sit down beside me and after the usual pleasantries inquire: 'How

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com4tag:blogger.com,1999:blog-768587586899082681.post-36592984477221083422008-05-01T14:03:00.002-04:002008-05-01T14:25:21.537-04:00

What an exasperating market.... Finally, it appears to be acting properly.Lets hope it lasts.The dollar is strengthening. Commodities and commodity related stocks are pulling back. Capital is shifting into technology, banking, building, etc... Stocks with strong earnings are being rewarded: MA, V, GOOG, AAPL, SOHU, to name a few of the best. Brazil is acting like a champion with the S&P upgrade

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-60162617398435075452008-04-24T10:59:00.002-04:002008-04-24T11:22:52.355-04:00

The market seems like it wants to go up, but it is still unsure. This choppiness reminds me of 2006. It is difficult to get into and hold onto a position for any length of time.Google's earnings report was a bright spot. But RIMM, AAPL, AMZN didn't do much to confirm this rally attempt. Trading/investing is never easy, but there are times when it is easier than others. This is not one of those

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-65732973178742043862008-04-11T13:09:00.005-04:002008-04-11T15:31:15.155-04:00

"Art is a step from what is obvious and well-known toward what is arcane and concealed." -Kahlil GibranTrading is an art. Techniques can be taught. Principles can be learned. Methodologies can be applied. But in the end it is an art.There are many different schools of art: Cubism, Expressionism, Impressionism, Modernism, Minimalism, Realism, Ancient, Classical, Neo-Classical, Baroque, and the

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com5tag:blogger.com,1999:blog-768587586899082681.post-39025667060905306882008-04-09T10:17:00.004-04:002008-04-09T11:14:28.756-04:00

Earnings Season really kicks off next week. The market has done a good job of setting itself up for a few big moves; the table is set so to speak. Many stocks will be in a holding pattern until they report. That is one of the reasons I find it somewhat useless to be speculating a week or two in front of a company's report. Stocks seem to drift without direction; and from my experience,

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-37787843289835582452008-03-28T21:37:00.004-04:002008-03-28T22:09:51.755-04:00

Over the last four days the DJIA has been intent on retracing much of its Follow Through Day's gains. It has done so on a noticeable decrease in volume, which is positive given some of the negative headlines. Leading stocks didn't seem to suffer too badly either. So, everything appears normal, at least so far...boring, but normal.EARNINGSBBY reports earnings on Wednesday (AM). That can often be a

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com29tag:blogger.com,1999:blog-768587586899082681.post-90807152923933555302008-03-25T09:44:00.003-04:002008-03-25T09:53:42.673-04:00

I was wondering why AUO didn't participate in the rally yesterday. It just goes to show that if a stock isn't acting properly it is best to stay away. Somebody (usually someone well-informed and well-capitalized) somewhere knows something.Soon enough we'll see whether AUO is telling the truth. But we'll see it first on the charts in the stock's price and volume action. Only later will we read

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com5tag:blogger.com,1999:blog-768587586899082681.post-4886114177251750642008-03-24T22:16:00.003-04:002008-03-24T23:06:57.514-04:00

Today's action looked good on paper. The NASDAQ was up 3%. The DJIA and the S&P500 were up nicely too. However, something didn't feel entirely right about it. First of all, volume was below average on all three indexes...not a good sign. Secondly, near the end of the day we saw a very high profile breakout turn into a very ugly breakdown. Mastercard (MA) looked fine early in the morning, but then

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-17005244135301673842008-03-21T22:20:00.004-04:002008-03-21T23:25:34.880-04:00

It has been a long five months. The winter in stocks has coincided with the winter in Ohio: dull, dreary, damp, lifeless. There hasn't been much to do. However, and it could be cabin fever, or just wishful thinking, but I'm beginning to see signs of Spring, in both the stock market and the weather.Spring, at least here in Southwestern Ohio, doesn't arrive all at once. It seems as if a fierce

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com7tag:blogger.com,1999:blog-768587586899082681.post-85381481037941253932008-02-29T13:58:00.003-05:002008-02-29T14:21:45.238-05:00

Haven't had any great thoughts or ideas recently.Anyone who has been paying attention to the the markets can tell you that chemicals (POT, CF, MOS, CMP, AGU), energy (too many to name), and Metals (Same) have been leading the market.Trying to get into and hold onto these stocks has not been easy though. They are tough to trade. I don't have too many suggestions. Few stocks are moving up in big

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com8tag:blogger.com,1999:blog-768587586899082681.post-20684431603574949902008-02-19T14:53:00.004-05:002008-02-19T15:33:17.980-05:00

This morning the market looked pretty healthy. A number of stocks were hitting new 52 week highs and some stocks like CF and POT broke out of bases on fairly good volume. Then it all fell apart around 2:30 PM.I don't have a crystal ball and I don't always know why the market does what it does...no one knows that. However, given the market action today it seems pretty clear that some big players

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-2130787983967134482008-02-13T21:50:00.003-05:002008-02-13T22:22:05.557-05:00

Nasdaq was up 2.3% on heavy volume. IBD is calling this a Follow Through Day as well.Many stocks are still forming the right sides of their bases, some, mostly in the energy sector, have already broken out of bases(APA, MEE, RRC, SWN, UPL, KWK, XTO). Others look like they are ready to start moving to new highs soon (POT, WDC, PBR, MA, AKS, MTL, DVN to name a few).We are already close to being

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com4tag:blogger.com,1999:blog-768587586899082681.post-26713876091378188002008-02-04T12:24:00.001-05:002008-02-04T14:12:28.276-05:00

Making money in the stock market is not easy. Most people fail. They let their emotions get the better of them. They let their vices get the better of them. The odds are stacked. That is why it is absolutely imperative that if you do venture into this realm you do so only when the probabilities of success are completely in your favor.In Vegas, if you are playing blackjack, they will kick you out

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com11tag:blogger.com,1999:blog-768587586899082681.post-51639365126792565532008-02-04T10:13:00.000-05:002008-12-10T19:13:30.780-05:00

For you long-term investors out there: here's an interesting monthly chart from RIG. Courtesy Daily Graphs

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-6548892184341764722008-02-04T09:58:00.000-05:002008-02-04T10:06:41.269-05:00

This morning the Chinese stocks are moving well. The Top % Gainers list is dominated by these issues: JRJC, ACH, YGE, LFC, SNP, STV, etc.At the same time the McClellan Oscillator for the NYSE and the NASDAQ are at overbought levels we haven't seen in at least a year...it's something to think about before putting too much of your hard-earned money into this rally.http://stockcharts.com/charts/

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-60220874010762513992008-02-02T16:25:00.000-05:002008-12-10T19:13:30.986-05:00

Below are charts of Mastercard and Intuitive Surgical. Both announced some outstanding earnings over the last couple days and both stocks moved well...a bit of a phenomenon given the way other stocks have been treated recently. Of the two, MA appears to be the stronger stock and looks to be in a better position to move once the market begins an upward trend...better chart pattern, better RS,

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com2tag:blogger.com,1999:blog-768587586899082681.post-7882061494700084382008-01-31T16:26:00.000-05:002008-01-31T16:46:40.363-05:00

Today counts as a Follow Through Day. The Nasdaq was up 1.74%. The S&P 500 was up 1.68%. The DJIA was up 1.67%. All the indexes were up in greater than average volume ~ and the volume was greater than yesterday's volume. The FTD also falls within the 4-7 day window from which the strongest uptrends occur.We are, however, getting overbought here. And GOOG is down in AH trade after posting earnings

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com8tag:blogger.com,1999:blog-768587586899082681.post-2439227140225884602008-01-31T11:58:00.000-05:002008-01-31T12:13:07.011-05:00

We are beginning to get some positive price and volume action on earnings. OI and MA both moved well today...OI on a 426% increase in earnings and MA on a 187% increase in earnings. These are the types of stocks to keep an eye on. When this market does start moving up in earnest these could be some of the first to move quickly and decisively.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-39367673515132995792008-01-30T17:20:00.001-05:002008-01-31T00:09:39.351-05:00

The FOMC has really stepped up and done just about everything it can for this economy. The 75 and the 50 basis point cuts are going to work their magic over time. Great news. The stimulus plan that is going to the Senate is also great news for the economy. It feels like a stock market disaster has been averted.At the same time, the market is gettting close to being overbought right now. Credit

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-57857467336223472222008-01-24T10:25:00.000-05:002008-01-29T15:52:27.900-05:00

It is soooooo tempting for an investor or trader to think they can make a killing in this type of market. What they fail to realize though is that they can also be killed (financially speaking) in a market like this.A good analogy would be to compare the last few weeks in the financial markets to a horrendous hurricane that only comes around once every 10 years or so. That's what we just

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com4tag:blogger.com,1999:blog-768587586899082681.post-1133881083982295232008-01-23T16:37:00.000-05:002008-01-23T16:59:23.701-05:00

Well, we'll see what happens.The best investors don't hold too closely to personal opinions. They watch the market and make the lowest risk decisions they can based on what the market is telling them. Today all the indexes rallied after selling off steeply early in the morning. So this is simply the 1st day of an attempted rally. That's a fact. We don't need to go out and risk our hard-won

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com2tag:blogger.com,1999:blog-768587586899082681.post-73216032110491780352008-01-16T18:49:00.000-05:002008-12-10T19:13:32.525-05:00

Courtesy Daily GraphsFrom 1998 to 2000 a man named Dan Zanger had a 29,000% return in the stock market. He turned $10,000 into $42,000,000 during the go-go days of the late nineties bull market. It is considered a world record.March 2000 signaled the end of the cyclical bull market that had begun in 1982. Since then we have been in a cyclical bear market. The market acts much differently now,

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com16tag:blogger.com,1999:blog-768587586899082681.post-2128915909757327232008-01-16T14:46:00.000-05:002008-01-16T18:31:33.173-05:00

This morning the market threw MOS, CF, BG, POT, and quite a few other strong stocks right out the window (this occurred essentially as I was writing earlier today). Over the last 2 days MOS fell from $110 to $87; CF $120 to $100; BG $135 to $119; POT $152 t0 $127.With most of the worrisome earnings and economic reports out of the way, with this being options expiration week, and with the

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-61733546887777301662008-01-16T10:29:00.000-05:002008-12-10T19:13:32.827-05:00

This morning I opened Yahoo Finance and saw that China's Hang Seng Index was down over 5% last night, a pretty big drop - it's biggest since 2001 apparently (it's like the DOW falling 700 points in a day). The Nikkei was down over 3%. I then turned on the TV to see what was going on in the US market (It was about 9:00 AM EST) and I was surprised to see that it was down pre-market but overall it

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-3988312788889198002008-01-14T16:05:00.001-05:002008-12-10T19:13:33.233-05:00

FCSX broke out to new highs today on the largest volume day it has had since its IPO back in March. Its earnings were only up 68% and it didn't gap to new highs; nevertheless, this intraday chart (click to view) shows strong accumulation throughout the entire day which is a good sign. This market is still dicey though and we have some important reports coming up.Who knows what the future holds

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-43876991344565902342008-01-09T20:23:00.000-05:002008-01-09T21:28:53.572-05:00

Earnings season really starts to kick in next week. If the market were to follow through from today's rally attempt we would have the perfect scenario...a market that has just begun rallying at the beginning of earnings. That would give stocks that gap up to new highs on massive volume some time to really stretch their legs and run.We'll see what happens. The coming week is likely to be volatile

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com10tag:blogger.com,1999:blog-768587586899082681.post-35000298397820302462008-01-09T13:36:00.000-05:002008-01-09T21:17:00.441-05:00

From Briefing.com1/9/20081:22 PM ESTSCANX Stocks making new 52-week highs/lows todayNew lows outpace new highs by more than 24 to 1: New 52-week highs include: Non-Alcoholic Beverages (KO, PEP), Oil & Gas (BPT, BZP, CXO, MCF, MWP, PBT, REXX, XTO) and Tobacco (MO, RAI)...New 52-week lows include: Airlines (AAI, AKH, ALGT, ALK, AMR, CAL, FRNT, JBLU, LCC, LUV, NWA, RYAAY, UAUA, XJT), Auto Parts &

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-80263867884156031412008-01-08T13:41:00.000-05:002008-01-08T16:06:56.928-05:00

I mentioned in a previous post (12/26/2007) that earlier this year I got hurt by listening to other trader's thoughts on the market. A couple of these traders were unbelievably good. But they were essentially daytraders and their appetite for risk was astounding. But boy were they good and I learned a lot from them. After a couple months though I saw that my accounts were moving in the wrong

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com5tag:blogger.com,1999:blog-768587586899082681.post-53409180827234496822008-01-04T15:14:00.000-05:002008-12-10T19:13:33.608-05:00

The NASDAQ has undercut its late November rally attempt. The DJIA and the S&P 500 are close to undercutting their rally attempts. This is very negative for the market and signals a time to definitely step aside ~ if you haven't already. What more can one say.These market corrections are ultimately good for the market...and good for you. If you can be patient and keep your money in tact, then

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com12tag:blogger.com,1999:blog-768587586899082681.post-47483069041590968012008-01-02T12:39:00.000-05:002008-12-10T19:13:34.049-05:00

In 1726, at the age of 20, while on an ocean voyage from London to Philadelphia, Ben Franklin developed a plan for regulating his conduct.His plan was made up of 13 virtues, each with short descriptions:1. Temperance: Eat not to dullness and drink not to elevation.2. Silence: Speak not but what may benefit others or yourself. Avoid trifling conversation.3. Order: Let all your things have their

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-41033560690167858502007-12-26T11:28:00.000-05:002008-01-29T15:49:49.751-05:00

Whenever a person dedicates himself to mastering a certain skill, that person will experience many setbacks. Some people call these failures. Others call them lessons. I am in the second camp.When I was 17 I remember reading the following quote from Napoleon Hill:"Every adversity, every failure, every heartache carries with it the seed on an equal or greater benefit."That quote, and the book '

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com5tag:blogger.com,1999:blog-768587586899082681.post-11327930684254341632007-12-21T20:44:00.000-05:002008-12-10T19:13:35.369-05:00

Courtesy Daily Graphs You can click on the above charts to view them more closely. They illustrate stock index action around Follow Through Days. See log below for more information.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-47161250781878106652007-12-21T15:08:00.000-05:002007-12-21T19:35:23.685-05:00

Afer a brutal pullback that essentially wiped out all gains from the previous Follow Through Days (IBD proprietary indexes FTD 11/28, NASDAQ Comp FTD 12/5), the markets are rallying again.According to William O'Neil, a Follow Through Day (FTD) usually signals that a new rally has begun. It is supposed to signal the "all clear" for investors to get into the market. A FTD is a gain of 1.7% or more

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com7tag:blogger.com,1999:blog-768587586899082681.post-39123665977295693812007-12-16T13:26:00.000-05:002007-12-16T13:57:44.390-05:00

"Mr. Solitary, my hat is off to you. I am a CANSLIM trader as well. I have read all of your posts twice and still find them informative. I think you are great and value your posts.I used the McClelan Index to get early positions in AAPL, FCSX, MA, MR, and CF. We quickly went to overbought and I'm a lil nervouse. I have nice gains and wanted to know what you think the trend is.Any books

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com9tag:blogger.com,1999:blog-768587586899082681.post-1828963349305286952007-12-11T09:26:00.000-05:002007-12-11T09:31:14.927-05:00

The NASDAQ had a follow-Through Day on December 5th. Stocks are rallying. However, we are currently deeply overbought so if you aren't in yet you may want to wait until the oscillator returns to around zero.http://stockcharts.com/charts/indices/McSumNYSE.htmlhttp://stockcharts.com/charts/indices/McSumNASD.html

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com5tag:blogger.com,1999:blog-768587586899082681.post-57270521106646238022007-11-28T15:45:00.000-05:002007-11-29T10:24:30.899-05:00

Now we need to look for a follow through day on one of the major indexes to confirm the rally. A follow through day occurs when at least one of the major indexes rises 1.7% or more on greater volume than the day before (3-10 days after rally attempt). That signals the "all clear" to buy stocks breaking out of good bases.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-70305913815331945502007-11-10T17:00:00.000-05:002007-11-10T17:44:19.013-05:00

It appears that the institutions are very serious about selling right now. The NASDAQ fell 6.5% this week; the largest point loss in one week for that index going back to 2002.Late in the afternoon on Friday the markets seemed to stabilize. GS and MA were breaking out to new intraday highs. VMW broke out from a nice intraday cup & handle. BIDU was looking strong. AAPL was moving up slowly in

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com2tag:blogger.com,1999:blog-768587586899082681.post-85371573374688184202007-11-07T16:41:00.001-05:002007-11-07T17:21:05.808-05:00

On the bright side, the markets are getting to deeply oversold levels.The NYSE McClellan Oscillator is showing -65. By -75 we usually see a bounce. Only two times has it dipped past -75. It went to about -100 and then bounced. http://stockcharts.com/charts/indices/McSumNYSE.html The NASDAQ McClellan Oscillator is showing -45. This is deeply oversold territory for the NASDAQ this year. Normally it

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com3tag:blogger.com,1999:blog-768587586899082681.post-22819452840418479372007-11-07T10:31:00.000-05:002007-11-07T10:36:07.092-05:00

Tech trying to run and being held back. This time by GM and comments out of China about dollar weakness. How long can this go on?

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-54801048592249699902007-11-05T17:51:00.000-05:002007-11-05T17:59:31.855-05:00

Financial Stocks are pulling the whole market down. Technology is trying its best to run, but it just can't get any traction. Leading Stocks are hanging in there (BIDU, GOOG, MA, DECK, RIMM, MICC, VMW, ISRG, etc.), but how long can they keep treading water before they end up drowning...that's the danger.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com7tag:blogger.com,1999:blog-768587586899082681.post-84377406190544982442007-11-01T13:38:00.000-04:002007-11-01T13:53:33.788-04:00

The DJIA is under relentless pressure today. The European Indexes experienced the same pressure all day long. Asia will probably experience the same tonight. London's FTSE was down 2%. If the DJIA matches that 2% number it would fall 274 points today. This is one difficult market that's for sure. Leading stocks really want to run but the overall market won't let them ~ tough situation to deal

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com0tag:blogger.com,1999:blog-768587586899082681.post-75357832899657455282007-11-01T10:32:00.000-04:002008-12-10T19:13:35.706-05:00

Courtesy Daily Graphs The market is selling off. Leading stocks aren't...so far.UTHR looks particularly strong. Barring some unforeseen circumstance this stock has the makings of a double within six months. This morning, as the DJIA plummeted over 200 points, this stock gapped up on volume it's never seen before. Daily Graphs still hasn't updated the chart to

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com8tag:blogger.com,1999:blog-768587586899082681.post-23700111172783105392007-10-31T11:52:00.000-04:002007-10-31T12:23:59.845-04:00

MA and RIG look very strong today after announcing earnings. I don't know that I would chase them at this level though. They should come back in shortly before the fed announcement. In fact, most all stocks should come in. That's the way it usually works on Fed day.MA's earnings were not spectacular to tell the truth. But the stock knows how to run and it is at 8 times avg volume so far...so some

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com9tag:blogger.com,1999:blog-768587586899082681.post-14522043774632503822007-10-30T14:32:00.001-04:002008-12-10T19:13:36.135-05:00

Courtesy Daily Graphs Since we are just waiting... If you look at the Daily Graphs chart above (click on it) you will see that FMCN's pivotal point is $62. This stock looks great. Big gap up on earnings, huge volume and so on. So normally you could set a buy stop at $62 and be pretty sure of catching a decent move. However, when we are waiting on the Fed or some other "important" announcement (

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com2tag:blogger.com,1999:blog-768587586899082681.post-61242042370325554432007-10-30T12:10:00.000-04:002007-10-30T13:33:02.735-04:00

The market is waiting for the FOMC policy statement. Stocks are just treading water until the early afternoon. FMCN, AG, BIDU, GOOG, AAPL and many others are chomping at the bit to run but they can't until the FOMC risk is taken out of the equation ~ So we wait...and then we wait again for tomorrow's rate cut decision. This can be one of the most difficult aspects of trading...the waiting.

Solitary Traderhttp://www.blogger.com/profile/14615773027508575883noreply@blogger.com4tag:blogger.com,1999:blog-768587586899082681.post-2164739241752828632007-10-30T09:45:00.000-04:002007-10-30T10:50:59.465-04:00

This stock looks like it could move a little. It is in the strong agricultural sector. Huge earnings. Big beat. Upside guidance. Big volume. Gap to new highs, uptrend...Time will tell. These NYSE stocks can be tough to play though. Specialists have a lot of tricks up their sleeves.From Briefing.com------------------------------------------------Live In Play30-Oct-0708:17AG AGCO Corp beats by

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