Posted on April 22, 2008 at 4:00 pm
“There are only two emotions in the market, hope and fear. The only problem is you hope when you should fear and fear when you should hope” -Jesse Livermore
I wrote my last market commentary on April 8th. [...]
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Posted on April 21, 2008 at 8:14 pm
Even though I was gone all of last week it seems the market and my picks did just fine without me.
Starting as usual with the market indices tonight I want to note that the bulls haven’t officially taken control of this market just yet. We still need to close above key resistance lines for the [...]
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Posted on April 21, 2008 at 8:45 am
When I was in London, England last week it wasn’t for pleasure but for business. I was finalizing my paperwork and meeting the brilliant staff of Covestor.com.
I am happy to report that today I officially start my new job as Community Manager for the site.
For those who are unfamiliar with Covestor, it is a financial [...]
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Posted on April 12, 2008 at 1:58 pm
Heads up readers, I will be gone all this upcoming week!
I will be in London, England from Sunday, April 13th - Friday April 18th.
Posting will pick up again the weekend I return. I will have my laptop with me and plan on checking my email whenever I can. Good luck trading this week, and I [...]
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Posted on April 10, 2008 at 5:13 pm
A nice rebound day for the market as the NASDAQ tacked on 1.3% for the day. The S&P 500 closed up only .5% but momentum has the sky looking optimistically bright for tomorrow.
Steel, Fertilizers, and Techs had a decent day today. The big movers were in Home Builders as the group ended up 3.8% for [...]
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Posted on April 9, 2008 at 9:45 pm
A distribution day for the NASDAQ today as the index nears its 50 day moving average support. Below you will find the support trendline that needs to hold if we want to see higher prices for the overall market.
Gold had a good day today and Commodities have officially made a technical comeback. I have featured [...]
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Posted on April 8, 2008 at 5:00 pm
                In prior letters, I have described how financial markets are driven by participants with different time horizons. Over long periods, business and economic factors combine and allow stock prices to track those companies whose prospects appear brightest. Over shorter timeframes, market psychology and investor emotion dictate the direction of prices. As earnings’ season takes [...]
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