ManyPeaks.com

I used my new little trading system to enter Phelps Dodge (PD) this morning.. looking to buy when the highs of the first Blue 30′ bar were broken.
In this case, rather than buying the breakout, I put in a bid 70 cents lower.. I’ve noticed that NYSE specialists often give stocks a little “shimmy” to […]

Thus the Federal Reserve has good reason to be worried about inflation. As many of you know, I have believed for a good 4 years that increases in the price of everyday “stuff” has been running far higher than the (tame) published CPI data suggests.
Check out this blog post from hedge fund manager Jeff […]

Thanks to Chairman Maoxian — an American living in China whose blog I frequent — for highlighting this article from the New York Times regarding Bloomberg’s management of that city:

“[Bloomberg] reshaped the way the mayor’s office runs New York, applying a results-based approach to almost every area of city government, and largely appointing his […]

Lawmakers’ talk of taxing “excess” oil profits is maddening. What is “excess”? Where does this stop? How about the homebuilders, who’ve had record profits recently? Or how about some special extra taxes on me when I have a good month financially ? Oil is not a monopolistic industry, and that’s the […]

While that word accurately describes my confidence in further upside for the stock market, I’m really referring to how jaded some of us are..
This quote is from a post on IMDb.com, a movie review site.. regarding the new flick Dreamer, starring Kirk Russell & Dakota Fanning.. which is set here in […]

Just snagged some ILSE on today’s pullback.. the Lasik eye surgery technology company is 6% off today’s high & back right to yesterday’s open.
Yesterday’s big gap up move on huge volume was earnings-related.. and with 12% of the float currently sold short I’m betting on a quick spike to $19-20 within 2 weeks. Keeping a […]

I have seen very limited trading action during the last 3 sessions. Reason being, I have not been feeling in sync with the markets.. nor have I kept very true to my trading strategies.. Thus my confidence has taken a hit.
So, I’m switching gears.
I’ve recently been digging into the programming functionality of my real-time charting […]

They both represent greenbacks you will never see again.
Interactive Brokers, where I maintain my direct access trading account, just announced a cut in commission prices from 1 penny per share to 1/2 a penny per share.
Sweet.
Some months this year I’ve racked up $300 in commissions, so I’m obviously pleased to see brokerage fees continue […]

Wednesday’s trading was textbook bottoming action. A gap down (blamed on Intel earnings) with -3000 breadth during the morning.. basically a wholesale panic selloff.. which exhausted itself by mid-day.. and gained strength as the afternoon progressed and a buying panic erupted.
Breadth moved all the way to +2000 by the close.. the Dow finished up a […]