Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

Let’s try to put a nice finish on this ugly month.
The QQQQ is currently gapping down near Friday’s low.
The following alpha stocks are opening up:

The following alpha stocks are opening down:
(more…)

People are so involved in their material interests that when they look at the manifestations of the human soul, and at pure relationships between people, they look at them from the point of view of how to improve their material well-being. Respectability is often measured by one’s wealth, and not by his real inner spiritual value.

-After Ralph Waldo Emerson

With 1932 votes, Visual Trader is the eighteenth blog to be voted off the island. Only two remain.
Congratulations to the final two, they are:

Bill Cara
Trader Mike

One of these lucky blog writers will win a free month advertising on uglychart.com and a Harakiri DVD!
Sorry Visual Trader, you must leave the tribal counsel area immediately.
Tune in next Sunday to see who will win Remainder: Stock Market Blogs, Season 2!!!

As I’ve mentioned many times before, the not-so-distant future is going to be a pretty cool place. Professor John Pendry, from Imperial College London, says with funding an invisibility cloak could be available within five years (via digg). The cloak would be made with metamaterial from nanotechnology, so that it could change the direction of electromagnetic radiation - it would neither reflect light nor cast a shadow:

Light waves would flow around an object hidden inside the metamaterial cloak just as water flows virtually undisturbed around a smooth rock… Whatever direction it is viewed from, the light bending round the hidden object would make it appear to have vanished.

I can’t wait to get one.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

Today it felt like I was trading in a ghost town. All of the traders went on vacation and it was just me and the computers. The computers are better. I think from now on I will take the day before Memorial Day off.

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

According to the Stock Traders Alamanc, the Friday before Memorial Day tends to be “lackluster with light trading.”
The following alpha stocks are opening up:

The following alpha stocks are opening down:

The following volume advances are worth noting:

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CNNMoney has an article about Kurzweil and the Singularity Summit of a few weeks ago. In the short article, Chris Taylor talks a little about the financial impact of the exponential growth of information technology:

Think of the long half-century it took IBM (Research) to rise to dominate the computing world. Now compare that to the decade between Microsoft’s (Research) IPO and the establishment of its monopoly on operating systems. And then contrast that to Google’s (Research) lightning-quick ascendance to power.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –