The "up-to-the-minute Market Data" thread

Point and Figure charts are showing a triple top breakout for GLD

To 105, which would be about 5% gain

Here

For many investors these days, their eyes say yes, but their stomachs say no. Despite tepid outlooks and continued signs of stagnation across many sectors, there were more than 170 new 52-week highs at the NYSE on Wednesday, the most since October 2007. The field of technical analysis is showing breakout after breakout, while fundamental analysis is still giving investors pause.

The fact that the Dow appreciated by 2.5K whilst the economy was wrestling with the worst recession in 70 years must give plenty of investors sleepless nights. The red eye sees YES, but the stomach still digesting ancient investment strategies, e.g. decisions based on "fundamental strategies," says NO.

This all evokes the end of the famous line from a Dirty Harry flick that reacts to a bad guy trying to regain control of his gun. " Do you feel lucky, punk?"


So yesterday market was all EYES and today is the STOMACH that calls (and counts) the shots. We must learn more about those ophtalmology/gastroenterology-based market strategies of the new millennium.



[edit on 9/17/2009 by stander]

reply to post by stander


With a 1 point trailing stop you could have picked up a quick 3 percent this morning with FAS if you bought pre market. If I had dared corner trade yesterday when I sold my FAZ I would have been up over 9 percent staying long.

I didn't have to watch the market indicators today so my stomach was not bothering me. A couple days out of the market gives you a nice rested perspective even if it is not as profitable.


[edit on 17-9-2009 by fromunclexcommunicate]

Originally posted by fromunclexcommunicate
reply to post by stander

 

With a 1 point trailing stop you could have picked up a quick 3 percent this morning with FAS if you bought pre market. If I had dared corner trade yesterday when I sold my FAZ I would have been up over 9 percent staying long.

I didn't have to watch the market indicators today so my stomach was not bothering me. A couple days out of the market gives you a nice rested perspective even if it is not as profitable.


[edit on 17-9-2009 by fromunclexcommunicate]

I wouldn't touch the premarket can opener. The Dow has been heading up. and the way it does it day by day forms the strategy based on visible volume that guarantees the highest return possible. The market has been dominated by the shortsellers who have learned to sing one song, and it doesn't take much to pick up the melody. But the problem is the logistic and the size of your portfolio. If NYSE could accept electronic transfer from my bank acount, then maybe. But I'm not going to deposit my money with all those accounts that shortsellers borrow from, coz they won't pay me a penny on the interest.

reply to post by stander


That is a good point, even ETF's are subject to price fluctuations from short sellers so you don't have all the options information expiry dates etc. that can effect pricing beyond the patterns you know about. GBM feels that if you "fade the public" you can make a profit. I'm not sure what percentage of the money going in and out of the market is from naive investors. Seems more logical that those that really could beat the market consistently might control say 90% of the flow? Did you say you never actually risk real money in the markets?


Edit:

I haven't looked at the indicators tonight no open positions. The trend has been up for equities but I'm open to a pull back or trend reversal fairly soon. Its kind of a shell game with the market manipulations that have been going on. You can trade a few hours at a time based on the indicators but who knows how long the the longer term uptrend could last?

[edit on 17-9-2009 by fromunclexcommunicate]

reply to post by fromunclexcommunicate


What's your overall trading strategy at the moment? Is it bearish? I think I am going to begin nibbling at some dollars over the forex market with tight stops soon, if we go lower. Then again, I need to see a Bernanke policy shift before I am really bullish on the dollar.

Originally posted by fromunclexcommunicate
Did you say you never actually risk real money in the markets?

It's not wise idea to put your money in something that you can't control. You need billions to get you out of trouble when needed. But even if you can test you strategy very profitable, there are the technicalities that make it far less profitable, coz you sell/and buy orders has to be done within a short time span. If you are not a registered hot shot, things are not reliable.

Computer trading is here to stay. Traders are watching the curve and need quick access to the action. Calling broker to buy something for you "first thing in the morning," is no longer what moves the market.

Folks usually deposit their real money with hedge funds, and there are lots of managers who love it that way -- it's kind of like running a casino. You have a good stable income if you are running your hedge fund in the safe mode.

It used to be that stock market was a domain of the rich, but the smart boys set up things the way that anyone can join the club with his or her $25,000 and start trading, not investing. Just open the account with financial companies and they take care of it. Lots of new money entered the market and lots of new people are making pretty good money by managing the portfolios -- the safe approach to the stock market game.


[edit on 9/17/2009 by stander]

Ahhhh..I made "My Fortune" in F up to and after the dual Auto crashes...

Yep GS & WFC also....too big to fail...now...

WFC should be WTF....

Mr Stander...how do you change yer ticker symbol???

Originally posted by Hx3_1963


Mr Stander...how do you change yer ticker symbol???

Which one?


[edit on 9/17/2009 by stander]

reply to post by stander


I think its called rehypothecation and you sign a form I am rpetty sure to allow them to use your shares as margin, or at least I remember studying something like that - or maybe you have to sign one not to...

Either way its something to do when you are not busy

Originally posted by GreenBicMan
reply to post by stander

 

I think its called rehypothecation and you sign a form I am rpetty sure to allow them to use your shares as margin, or at least I remember studying something like that - or maybe you have to sign one not to...

Either way its something to do when you are not busy

Hey how is your series 7 going? Are you learning a lot, or have you decided to choose another path? In college, we had to take finance courses for accounting, and I hated them. Finance courses do not teach you about the mentally retarded stock market.

reply to post by RetinoidReceptor


I cant do that right now bc i am not working with my dad, he cant have me do this and also work for him bc violation of some FINRA or SEC thing bc he gives professional advice etc..

So thats why I am so broke pretty much, other wise I would be sitting pretty good right now, my hope is this newest program I am designing now and my other one that deals with st variation is good enough to hold up with the hedge fund consultant, that and all this excel data gathering has almost given me a few heartattacks and at least some real self doubt

btw, cramer railed on WMT today..

I still like it though.. so take that into consideration either way

reply to post by GreenBicMan


I am sorry to hear that. It is sad when our dreams run into walls. It has happened to me on numerous occasions so I figured out not to dream anymore.

reply to post by RetinoidReceptor


its tough because usually there are tems of people working on these things.. its just me on a 1400mhz so that hurts hahaha

but i am close, my st dev. program is already done with 2.5 years of backtesting and this one I am designing now takes a lot of risk but rarely loses, when it does its about 25% of the years winnings, andit so far has lost 1 time in 1.5 years.. but that is the blessing and curse with a lot of leverage

Originally posted by GreenBicMan
btw, cramer railed on WMT today..

I still like it though.. so take that into consideration either way

Cramer is a piece of crap. I never watch him and I don't take his advice to heart. I actually don't watch TV at all (I have unhooked the cord), even though I pay for it for internet. But just using the internet is enough. I haven't watched television for months. But, yeah...maybe I'll do a strangle. Who knows. Buying the stock isn't really worth while unless you can buy like 10000 shares, and I can't

reply to post by RetinoidReceptor


ok you have 1 chice

either

1. short 1 future contract with .10 cent stop

2. buy 1 future contract with .25 stop

if you could afford those margins, where would you go?

You would easily have the cash in the bank if you choose wisely like indiana picking the golden cup with that goblin white old guy

But choose wisely

Originally posted by GreenBicMan
reply to post by RetinoidReceptor

 

ok you have 1 chice

either

1. short 1 future contract with .10 cent stop

2. buy 1 future contract with .25 stop

if you could afford those margins, where would you go?

You would easily have the cash in the bank if you choose wisely like indiana picking the golden cup with that goblin white old guy

Probably buy the contract. What future contract is this for that I am buying again?

Originally posted by GreenBicMan
I cant do that right now bc i am not working with my dad, he cant have me do this and also work for him bc violation of some FINRA or SEC thing bc he gives professional advice etc..

Funny, I remember a few posts about a hundred pages back warning about the potential conflict.


not ragging, just mentioning.

BTW guys & gals... If you've been in a cave or under a rock this week, you may have missed all the ACORN mess & the potential political MESS that is likely coming.

until the dust settles from this mess, I would trade extra carefully. We cannot be sure of how the rest of the world will react to the potential political upheaval that may result from recent revelations and stuff happening over the pond can rip your face off if you aren't diligent.

just saying....