ManyPeaks.com

Bears could hold it off no longer. After a 2 day pullback, we were off to the races today. The QQQQ is almost back to its highs following the massive post-Sept 11, 2001 rally. SPY and IWM are already past that point. The year-end rally appears to be on.
Tomorrow is options expiration day, so we […]

The Dow Industrials’ meager 35 point range pretty much sums up today’s action: A slowing of Thursday & Friday’s big momentum.. and a harmless pause day that is more likely to help set up the next leg of our seasonal rally than become any significant topping point.
The Dow is facing some stiff resistance here at […]

In our NFL spread betting championship, 6 of the 7 players took Denver -3 at the Raiders.
I am a part of that herd.. and (now) not real confident we’re gonna hit paydirt. I have DEN picked for less deniros than the others.
Thus I’ve gotta flip sides now in my rooting interests..
Bienvinido mi amigos.. and […]

The markets finally broke out of that 2-week consolidation, showing impressive strength on the upside. Seasonally, this is a time when many “Christmas rallies” have begun (kudos to Hotto on introducing me to the social and psychological factors behind this highly repetitive behavior).
Combine investors’ (holiday-induced) festive attitude with fund managers’ performance anxiety, and you’ve […]

The indicies did not hold those gains from yesterday’s lunchtime rally.. and after making new lows for the last 7-8 days this morning, we’re basically back to yesterday’s 11:30am levels. This volatile back/forth chop will set up a move out of this little 2-week range.. probably soon, and probably up.
I did make a few […]

This article from Trader Oz details the principles of “range contraction” in a stock’s continuous life cycle. Chatting with Oz on TC-Net during my first year of trading, I learned a ton from him.. primarily these principles and the psychology that goes with them.

The markets are hanging tough after last week’s rally.. October’s misery now seems a distant memory. The S&P is starting to move out of a nice Bull Flag pattern here on the Daily chart.
We’ve actually rallied 6 S&P points (or 60 cents in the SPY, which trades at 1/10th the index value) […]

Established a position in VAS today at $25.75. The medical equipment maker posted huge earnings and 2006 guidance, and the big move on high volume shows that big fund managers obviously liked what they heard.
Medical equipment is one of the sectors I believe will flourish as America ages. I put this stock in […]

Mark Cuban is one of my heroes. Driven, a bit nutty, somewhat nerdy, and utterly successful. I absolutely love how candid the guy is.
If Chris Berman & Tom Jackson held “NBA Primetime” — rather than “NFL..” — well maybe I’d be a true NBA fan.

Here’s a (related) excerpt from his entertaining weblog… BlogMaverick.com:

Watch […]

Following Merck’s victory in one (yes 1) Vioxx-related lawsuit, tonight’s NBC News broadcast claims they want to put the drug back on the market.
How about an Asbestos sandwich to go with that? Maybe some Phen-Phen fries?
Well, this wouldn’t be the first big comeback. Silicon breast implants are supposedly going to be legal […]