Archive for July, 2008
Thursday, July 31st, 2008
Hiatus
Well, the stops are all in place, and we’re going to spend some time away from the markets. All short term trades have been settled and that account is sitting in cash. For the longer term here’s a summary of where we stand heading into a two week blackout of financial information:
Longs:
E*Trade Big Rock Pengrowth [...]
No Comments » - Posted in Journal by wdevauld
Tuesday, July 29th, 2008
Short Scam List
Over at Gaming the Market, they’ve posted a list of some ways broker/dealers, market makers and others can illegally manipulate their clients or the market. We aren’t recommending any of these tactics, they are all illegal. You must, however, know what you are up against. Here’s the list:
Accommodation Trading
Bucketing
Channel Stuffing
Churning
Circular Trading
Cross Trade
Double Dipping
Exercise Backdating
Freeriding
Front Running
Ghosting
Ginzy [...]
1 Comment » - Posted in Learning by wdevauld
Monday, July 28th, 2008
Keep ‘em Laughing…
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No Comments » - Posted in Uncategorized by wdevauld
Saturday, July 26th, 2008
Uh oh!
When you get press releases like these two. It’s hard to have a positive outlook. Monday is going to be interesting
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No Comments » - Posted in Uncategorized by wdevauld
Thursday, July 24th, 2008
Equivolume: AMZN QCOM
With the markets experiencing a sell-off more akin to a blood bath, it’s rare to find advancing stock. Not impossible mind you, and even more rare is a stock advancing with abnormal volume. See below for Amazon and Qualcomm:
Equivolume: AMZN
Equivolume: QCOM
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No Comments » - Posted in Charts by wdevauld
Monday, July 21st, 2008
Long Here on EURUSD
Over the last couple of hours buying pressure on EURUSD has been increasing against 1.5935 resistance. Depending on how you read your patterns, you could put in a 40pip profit target, considering the height of the triangle:
We’re not quite that aggressive, and we also hate missing out on a good run. Offloading half the position [...]
1 Comment » - Posted in Forex, Journal, Opinions by wdevauld
Monday, July 21st, 2008
Scan: Divergence from VWAP
The following have large relative divergences from their Volume Weighted Average Price:
Equity
Price
VWAP
Delta Airlines
6.93
5.65
Ultrashort Oil and Gas
34.20
32.02
AMR Corp
7.13
5.58
Wells Fargo
27.86
24.80
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No Comments » - Posted in Indicators, Scans by wdevauld
Thursday, July 17th, 2008
Equivolume: ETFC
A company we’ve been following since the new year is E*Trade Financial Corp. . On Monday, while the market was sliding to an ever impressive low, E*Trade announces that they were selling their Canadian subsiduary to Scotia Bank. Yesterday, like all financials, it took a run back towards the nearest resistance, and today kept on [...]
No Comments » - Posted in Charts, Opinions by wdevauld
Wednesday, July 16th, 2008
Seagate’s Equivolume
Today the market moved upwards pretty hard. Scanning for stocks moving across moving averages on volumes almost gave us the whole damn market back. Looking the other direction, we scanned for anything that moved downwards on increased volume, and took out all the resource companies. Staring back at us was Seagate:
A technology stock that was [...]
No Comments » - Posted in Charts, Opinions by wdevauld
Wednesday, July 16th, 2008
Heat Map
FinViz is an excellent visualization resource. Have a look at this heat map:
The financials are overwhelmed in green, while the resources are battling the red. The massive move to the upside today has all the chickens flapping around the coop. The recent decline in the price of oil has the market grabbing [...]
