From a technical standpoint, it’s time to BUY BUY BUY BUY BUY. BUY SPY, QQQQ, CNP, ATML, ETFC!!! Something is about to happen today and it should be good!
I will post charts up later. SP500 is at a 61.8% retracement point! And there is some important trendline support.
CNP bounced off of horizontal support. [...]

• 2 Comments

For the neophytes starting out, investing can be very intimidating. In the past, people were limited to stocks and bonds. Nowadays, there are so many options available, it can overwhelm anyone starting out. Now just about anyone can buy stocks, bonds, ETFs, CEFs, options, futures, commodities at a fraction of the price.
My advice for people [...]

• 3 Comments

I always warn people against holding into earnings, because it’s just too unpredictable. Even on good earnings it may not be enought for the street. Stocks can get cut in half overnight.
Look what happen to SYX

• 1 Comment

I’ve been thinking about asset allocation and came across this very interesting article by Tom Olson from the The Asset Advisor. It seems that the common mistake many people are making in their diversification is buying stocks from the same industry or in similar industries and considering themselves diversified. If you buy all [...]

• 15 Comments

Some of the biggest losses I’ve ever taken in the market was due to the fact I was unable to let go of the stock, and that seems to be a common problem among many traders. Often times we are hyped up by a company due to their potential future. Everyone is looking [...]

• 1 Comment