Posted by Blain 7 December 2011

December 7th, 2011 Market Recap and Great Trading Rules to Follow

After a morning gap and decent sell pressure in the early afternoon the market rallied off more rumors surrounding Europe and closed flat.

The best read I had today came from Barry Ritholtz who posted a collection of links for Trading Rules, Aphorisms, and Books. Definitely worth bookmarking for later indulging. My favorites:

Have some favorite trading rules of your own that you always keep in your office or on your computer? Share them below via comment in support of charity: water!

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Comments

  1. Posted by C$D on December 7, 2011 at 7:29 pm

    Thank you for the wrap!

    Miss those trend tables for mkts.

  2. Posted by C$D on December 7, 2011 at 7:32 pm

    Macro-man blog very funny post.

    "Europe and the Bomb".

    Blogosphere and the mainstream media(except may be Tom DeMark) remain bearish.

  3. Posted by C$D on December 7, 2011 at 7:37 pm

    Something is amiss here. The 10 yr. bond yield is red, while risk assets are green.

  4. Posted by Blain on December 7, 2011 at 9:19 pm

    Oh the market tables... :) They were fairly useful for you readers but man I can't tell you how many times I would forget to update them, forget to add them till last second after I posted, etc. Did you like them for the simplicity or what specifically?

    RE bearish sentiment, I have seen mixed both ways. Have you read SentimenTrader before? Fantastic service for analyzing those types of indicators.

  5. Posted by C$D on December 7, 2011 at 9:38 pm

    @Blain(9:19)

    Thanks for the reply. Yes, I've heard of SentimenTrader, but not yet visited the site. Will do that.
    Here is one for you. Cobrasmarketview.com. His end-of-day wrap is very good too. He claims over 50,000 hits a day. He'll be charging for the wrap, but intraday discussion wil be free. No intention to pay. Trader Mark is very good too.

  6. Posted by Blain on December 7, 2011 at 9:58 pm

    TraderMike from fundmymutualfund.com? That site is fantastic. I subscribe to his email updates.

    RE Cobra, I am not familiar. On his homepage I am reading a claim of 50k monthly uniques, 50k daily would be like zerohedge's size. Highly unrealistic. Looking at some of his posts... WOW that is a lot of ads! Not sure about this guy. He's no TraderMike ;)

  7. Posted by Blain on December 7, 2011 at 10:02 pm

    PS another thing I noticed... he claims "unique IPs". Completely different than unique visitors. Bots have IPs, etc.

  8. Posted by C$D on December 7, 2011 at 10:14 pm

    Are you in Canada?

  9. Posted by Blain on December 8, 2011 at 10:25 am

    No sir, Michigan 8-)