Archive for October, 2008
Wednesday, October 29th, 2008
Why having an entry plan is important
Yesterday, we talked about harvesting the weakness in Las Vegas Sands. Of course, the caveat was that we would have to see what happened in the early morning market. We’ve been burned so many times trading early in the morning off what looked like a continuation of a trend, just to be annihilated in the [...]
No Comments » - Posted in Learning by wdevauld
Tuesday, October 28th, 2008
Well, now what?
Interesting action was all over the market today: The difficulty is that this counter trend rally has erradicated any positive trend scores from our system. Previously, the Ultra Short Index Funds like: SDD, QID, SDS and SKF were the only things packing a positive trend score on our scanner. Now with the Dow, S&P 500 [...]
1 Comment » - Posted in Opinions,Scans by wdevauld
Monday, October 20th, 2008
Fear is in the Air
The VIX is a measure of near term volatility of the S&P 500 index. I got my hands on as much data as I could get my hands on, and manged to come up with this chart: click for larger version Now, it must be kept in mind that the method for calculating the index [...]
No Comments » - Posted in Learning,Uncategorized by wdevauld
Saturday, October 4th, 2008
The Bears have Eaten the Bulls
After a week of mainly sitting on the sidelines, we ran the weekly scanner to see if any new trends have developed. It is quite sad, that of the 4900+ Canadian and US equity instruments that feed our system, only two: QID and SDS pulled out a positive score. Being that these instruments are Ultrashort [...]
