ManyPeaks.com

Most Losers chase extended stocks. Most Winners wait for some kind of price retracement before buying.
By waiting for pullbacks in strong stocks to make your purchase, you increse your odds of a winning trade significantly. But there are a lot of ways to do it.
While I haven’t been a “chaser” for over a year […]

I have posted many stock trading opinions and personal stories on this Blog since April 2005. It’s now time to separate the two.
Hopefully, those who want to read market commentary will find this site more useful.
Likewise, readers who frequent this Blog primarily for personal notes, smack talk, and dry humor will probably not miss the […]

The reversal of last year’s seasonality illustrates the market’s devious method of hurting and confusing the most possible participants.
2004’s big late-year rally lasted all the way thru the New Year.. then ended abruptly about 1 whole hour into 2005’s first trading session. The January effect — which even many short-oriented hedge fund managers […]

Although yesterday afternoon’s frantic pace has calmed, we still have positive market action today. That’s great and all since I’m very (90%-ish) long.. but it cuts both ways.
Ideally, the indicies chop sideways for a day or three.. continuing straight up will likely mean a less powerful, less lasting rally.
Even with sideways action overall.. there […]

Remember the wild action in Mitcham Industries (MIND) on their big earnings announcement on 12/13?
It has traded sideways for about 3 weeks now.. enough time to prove that there likely are not enough sellers in the house to knock this thing back to earth. “Sideways” is good if it follows “Big Up”.
I expect an […]

Click here to read Charles Kirk’s “Happy New Year” post. We think a lot alike on this topic.

Today has been wild:
- A morning gap up that got sold hard (like many Monday morning gaps up)
- Fresh lows for this congestion phase. At 10:30am, IWM hit its lowest point since November 17th.
- A huge rally at 2pm after the minutes from last month’s Fed meeting were published.. and contained language saying future […]