Counting with Doug: Financing a trip to Lake Tahoe solely with blackjack winnings?

Archive for March 2010

Mad for Manure

In Trading Candidates on 12 March 2010 with 4 comments

As the turmoil in the fertilizer business plays itself out concerning over who is going to buy who, traders placed big bets on Potash today. It just barely managed a YTD closing high, and pulled back to slightly below the January intraday high. I will be watching to see if a cup-with handle forms. Lets […]

As Brazil goes, so goes the market?

In Trading Candidates on 12 March 2010 with no comments

Lately, it’s been Brazil that’s been acting almost as a proxy for the market as a whole. Take a look at ProShares double-short Brazil ETF: I would consider buying this one (i.e. shorting Brazil) on a breakout above the trendline shown ($25), which also right now is the resting point for its 20 and 50 […]

Five by Five

In Links on 12 March 2010 with no comments

Five interesting trading or business links, up by 5 PM: * Is Nelson Peltz the real burger king? Wendy’s raider sets his sights on operator of Hardee’s and Carl Jr’s. * Lessons from a bear (Tim Knight) who didn’t cover his shorts. * Attention underemployed entrepreneurs: mobile phone “app” makers needed! * Taking the walk […]

Try beating this one down — CROX

In Trading Candidates on 11 March 2010 with 1 comment

If (when) the market finally cracks, I’m going to need some candidates for short sales. Many traders like beating on the much maligned plastic shoe maker, though come to think of it, plastic hoops and flying disks have sold well for decades. At any rate, lets take a look: CROX has shown some surprising pop […]

Trading candidates — AAPL — Must every gap fill?

In Trading Candidates on 10 March 2010 with no comments

Everybody’s favorite, Apple Computer surged to all time highs this week. Its two day RSI is currently 99.91 (!), untouchable for long purposes for the time being, but another for buy-the-dips watch list. I’ve never really made trading AAPL my bread and butter, because it is a “newsy” issue where rumors continually fill the wire […]

Trading candidates – DNDN

In Trading Candidates on 10 March 2010 with no comments

If I’m going to do any swing trading starting next week, it would help to have some potential trading candidates lined up. I’ll start by looking at Dendreon Corp., a hot little biotech that’s been hitting new highs recently: This chart should please momentum lovers, but I am not one to chase after last week’s winner. Not reflected […]

Test of the top?

In Market Recap on 10 March 2010 with no comments

Before I can place any trades, I’m going to have to take the temperature of the market. obviously things will have changed by opening day (March 19th), but it is never to early to start getting a handle on things. The main question I have after today’s action is whether the brief spike up to Feb./March […]