STTG Market Recap October 30, 2014

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Market indices continue to act well as morning weakness is met with strong buying; the type of action you want to see. The S&P 500 gained 0.62% and the NASDAQ 0.37%. There was some good economic data as the Commerce Department reported gross domestic product grew at a 3.5% annual rate in the third quarter, bolstered by a smaller trade deficit and a rise in defense spending.

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STTG Market Recap October 29, 2014

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It was a generally quiet day for the markets, especially considering it was a Fed day which usually leads to a lot of volatility. Big picture, we’ve regained almost all of recent losses in the major indexes but stand short term overbought. A bit of rest would be healthy. The S&P 500 fell 0.14% and the NASDAQ 0.33%. The Fed statement was not as dovish as most expected as the word “significant” was removed in front of the view of slack in the labor market – yes every single word in a Fed statement is analyzed.

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STTG Market Recap October 28, 2014

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Indexes gapped up at the open and built on that all day as the S&P 500 jumped 1.19% and the NASDAQ 1.75%. In economic data a gauge of consumer confidence hit 94.5 in October, versus an 87 estimate, while orders for goods meant to last at least three years unexpectedly declined 1.3 percent in September. Tomorrow afternoon we will hear from the Fed; all expectations are for an end to QE but we might hear more dovish commentary as European economies will keep the Fed very easy on monetary policy.

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5 Key Ways Tagging Your Trades Improves Your Results

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As many of you know I am a huge proponent of post trade analysis. Logging your completed trades and tracking performance is critical to long term success.

Recording the buy and sell date, writing notes, capturing a screenshot of the stock chart, and using R multiples are several examples of the variables that make up successful post trade analysis. One other very important variable I want to elaborate on today is tagging, ie marking the strategy you used to make the trade.

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STTG Market Recap October 27, 2014

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Indexes gapped down to begin the week bu t dip buyers came in which is a healthy change from the action we were seeing a few weeks ago. The S&P 500 fell 0.15% while the NASDAQ added 0.05%. The European Central Bank on Sunday said about one in five of the euro-area major lenders failed stress tests at the end of 2013, but most have since fixed their finances. Later this week, the Federal Open Market Committee is expected to end its QE program at its two-day meeting that concludes Wednesday.

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