Updated Position Sheet
Trader Mark Writes:
Trader Mark Writes:
Joshua Hayes Writes:
The stock market is under an official Follow-Through Day on the Nasdaq on Wednesday (9/1/10). 8 new longs were taken (all working) and 4 new shorts were taken (all closed out with small losses) this week.
current holdings: 26 longs 2 shorts (34% long, less than 1% short, 65% cash)
ticker symbol – date of purchase – total return
LCUT 132% 11/2/09 JKS 116% 7/13/10 RDCM 48% 8/2/10 PWER 39% 7/7/10 RES 20% 7/13/10 NR 20% 7/20/10 SPRD 17% 8/27/10 AMRN 12% 8/18/10 MIPS 11% 8/20/10 NSU 10% 8/20/10
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What a difference a week makes.
In last week's BLOG post we told that their were buyers at the 10,000 level in the DJIA.
We saw the buyers step in and hold the market up last week and again on Monday and Tuesday of this week.
Wednesday is when the real fun started.
After a big GAP UP Wednesday morning we saw the market rally the rest of the day to finish just off the high of the day.
Thursday brought more of the same and then the GAP UP, sell off and intraday reversal during Friday's session is a clear sign that buyers were in control.
The market continues it's erratic behavior and if you have trading for any amount of time you know that the month of September is likely to bring more of the same.
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Mark Riddix Writes:
This week’s blog roundup takes a look at the most interesting posts in the financial blogosphere. These posts vary from investing to entrepreneurship. Hopefully you will find these posts inspirational. Happy Reading!
Invest It Wisely looks at How To Invest In Vanguard Funds Using ETF’s.
Free From Broke investigates whether It’s Still A Good Idea To Buy A House In This Economy.
Beating The Index on Why Investing In Oil Is Investing In China.
Financial Samurai teaches you Tips And Tricks To Getting Auto Insurance Discounts.
Personal Dividends takes a look at 6 Inspiring Entrepreneurs For 2010.
My Money Blog talks about My First Shares Of Stock Ever Purchased.
Moolanomy shows you 6 Signs That An Investment Is In Bubble Mode.
My 1st Million At 33 explains how the Market Leaders Are Revealing Themselves.
Rich Credit Debt Loan talks about Double The Income Or Double The Expense Till Death Do Us Part.
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The Daily Reckoning Writes:
I’ve done a number of interviews on gold recently and the number one question I get most from reporters is—can gold prices go higher?
My answer is yes.

Short-term, “record gold prices” are a bit of a misnomer. On an inflation-adjusted basis, gold’s real record price would be over $2,300 an ounce.
Looking at our oscillators, gold appears to be far from overbought. The chart shows the 60-day oscillator for gold (yellow) and the U.S. dollar (green) for the past 10 years as of August 31. One standard deviation represents a 7.3 percent move in gold prices.
Despite its recent run, gold was down 0.38 standard deviations as of the end of the month. More importantly, we’re not seeing the huge price spikes that are typical when investments get overheated.
Long-term, I think gold prices could double over the next five years. If this happens,
...OK, by “stealth” I really mean I have not paid close enough attention to the rallies in several solar stocks. 2010 has been a year of true divergence for solar stocks. Some solar stocks have been in year-to-date rallies and others have been declining all year. The net result is an awful -25% year-to-date performance for the Claymore/MAC global Solar Energy Index ETF (TAN). The winners are even more notable given the general stock market is down for the year. This year’s best performers are Renesola (SOL) and Solarfun (SOLF) which are well-ahead of the entire sector. LDK and Trina
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Dian L. Chu Writes:
Roger Nusbaum Writes:
There were a couple of articles I think are related, one in the FT and the other Barron's that are worth touching on. The article from the FT included this chart of the average holding period for US equities.While this is drastic I am a little surprised how low it was back in 1980 and also a little surprised that it now is as high as a year given what we hear about HFT dominating the volume.The Alphaville post where the chart comes from talks about patience which everyone could use more of. I believe issues involving impatience are a tie in to emotion. People see a related stock to what they own doing better so they switch or they hear ...