| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 |
#
>
« July 2004 |
Main
| September 2004 »
The QQQ closed below $34. If you haven't shorted yet, it is still a good time - or buy some puts. I think that September will be a down month as it typically is the worst.
Also, instead of working, I was watching the intraday action on NTES. It was so typical to watch the high of 36.74 get taken out just after 2 o'clock to 36.75 so that the market makers could snag 10,000 or so shares from retail stops and then watch as NTES dropped quickly the rest of the session to new lows and to close near the low of the day.
I swear to you it is such a scam. The market is such a big scam, but it is like a boulder rolling down a hill - it has been rolling down the hill for over 100 years and it is hard to stop it now. Still, the beautiful thing about the market is that it can be beaten honestly.
Also, if you are a man, it is better to be ugly. Prettiness is for girls. If you are a gay man, then it is okay. But for a heterosexual man, it is better to be ugly or plain. Then you can concentrate on the important things - the more manly things. Me, I have unfortunately been cursed with beauty all my life :)
If you hate fast food like me, try slow food.
Posted by Ugly at 11:06 PM | Comments (0) | TrackBack
The use of oxygen in the body's normal processes creates chemicals known as free radicals. These have unpaired electrons and so they try to steal them from other molecules. These attacks damage the body's cells - a process called oxidation. In much the same way that air turns a cut apple brown or rusts a nail or makes butter go rancid, so oxidation damages the cell membranes, genetic material in cells (DNA), fatty acids and other body structures.
Antioxidants (AO) come to the rescue and neutralise free radicals. Although the body produces its own antioxidants to deal with free radicals produced each day as part of normal oxidation in the cells, an overload - caused by smoking, alcohol excess, exercise excess, pollution, radiation from the sun or x-rays - may leave the body's system unable to cope. That is when you need plenty of AO in your diet.From healthyeatingclub.com
Eating antioxidants will help your trading and many other things as well. Here is a list of my favorites:
Bueberries:
In a US Department of Agriculture (USDA) laboratory at Tufts University in Boston, Massachusetts, researchers have found that blueberries rank #1 in antioxidant activity when compared to 40 other fresh fruits and vegetables. Antioxidants help neutralize harmful by-products called "free radicals" that can lead to cancer and other age-related diseases.Green Tea:
via bcblueberry.com
The secret of green tea lies in the fact it is rich in catechin polyphenols, particularly epigallocatechin gallate (EGCG). EGCG is a powerful anti-oxidant: besides inhibiting the growth of cancer cells, it kills cancer cells without harming healthy tissue. It has also been effective in lowering LDL cholesterol levels, and inhibiting the abnormal formation of blood clots.Tomatoes:
via about.com
If you eat loads of tomatoes--fresh or in sauces--chances are your blood lycopene level is quite high. Take heart; there is nothing to worry about, Lycopene is yet another antioxidant found primarily in tomatoes that seems to decrease your risk for certain cancers as your blood level increases. In a review of the available research, the Journal of the National Cancer Institute found tremendous consistency among 72 different studies of the inverse association of tomato consumption and cancer. In other words, the more tomatoes and tomato products an individual consumes, the lower the rate of cancer, particularly cancers of the prostate, lung, and stomach.Almonds:
via Running and FitNews
Almonds contain significant stores of antioxidants (35% of the daily recommended value for vitamin E), as well as fiber, arginine--a protein that keeps arteries elastic--and phytochemicals known as plant sterols, which help lower harmful LDL cholesterol levels while maintaining beneficial HDL levels. Recently, a three-month study done at Loma Linda University and presented at the Experimental Biology 2000 conference found that when participants added just two ounces of almonds a day to their already low-saturated fat and cholesterol diet, their levels of harmful LDL cholesterol dropped even lower.Spinach:
via psychologytoday.com
A diet rich in fruit and vegetables may help prevent age-related mental decline, according to a US study published in the Journal of Neuroscience.
Rats fed antioxidant-rich strawberries and spinach had better memories and slower declines in nerve cell functions important in movement than rats fed standard diets, according to the report.
"Our results show that these foods, particularly spinach, may be beneficial in retarding age-related central nervous system and cognitive behavioral deficits," said lead author Dr. James Joseph of the U.S. Department of Agriculture Human Nutrition Research Center on Aging at Tufts University, Boston, Massachusetts.
from Reuters 10/03/00
Posted by Ugly at 04:03 PM | Comments (0) | TrackBack
It looks to me like there are a lot of good stocks to short. Just pick your stock and wait for it to turn. Jump on it quick when it does. Keep your stops tight and your risk low.
--------
Posted by Ugly at 02:19 PM | Comments (0) | TrackBack
$37 and $35 are the numbers to watch on NTES
--------
Posted by Ugly at 11:13 AM | Comments (0) | TrackBack
If computers can play chess so well, then they will someday also be able to trade well.
Here is an article about it.
Posted by Ugly at 10:57 AM | Comments (0) | TrackBack
Is a great movie.
I saw it last summer on DVD from my Chinese friend and then again last night on the big screen. There is something to be said for the extraordinary super-heroish fight scenes - flying through the air and bouncing off of the top of water - but there is also something to be said for the simple, realistic fight scenes of Seven Samurai and Sanjuro. I love both styles when they are done well.
Posted by Ugly at 01:22 AM | Comments (0) | TrackBack
Even though the markets have rallied, the chart looks ugly. There hasn't been any volume in this rally and we are now running up against resistance. The markets look really really attractive to short at this point. If you want to be more safe, you can wait until Monday, but I think the markets will go down from here.
--------
Posted by Ugly at 11:41 AM | Comments (0) | TrackBack
If NTES breaks below $35 today - I think the chart looks very nice for shorting and recommend doing so. Keep your risk low as always.
It looks very double-toppish.
On the other hand, if it rises above $37.50, it might be a good idea to cover some or all of your short position.
--------
Posted by Ugly at 11:03 AM | Comments (0) | TrackBack
Sorry I didn't post since Monday, but I had to take some time off because of some lesbian sex.
Hmmmmm. The QQQ at 34.55, NTES at 36.25
As I was glancing over the IBD tonight in a local bookstore, I read that the market is in a confirmed rally. I don't agree, but it all depends on your time frame. But they also said it is important to look for the high volume days and which direction they take the market. That is 100% true. There hasn't been much volume with this rally. This, along with the down sloping trend of the market since January is evidence that the rally won't last and that the markets will continue back down. But we have to wait to see the volume.
It is important to keep an open mind and to minimize your risk and to try not to fight the tape.
If you want to short, wait until you see a clear reversal. If you want to buy, wait until you see the volume.
The chinese internet stocks had a rally with volume. The volume is there - now watch which way it takes them. It is either big money buying to sell higher or big money shorting to the public at the top of this rally.
Posted by Ugly at 10:23 PM | Comments (0) | TrackBack
VIDE looks nice, but its sector does not.
AIRT did pretty much what I said it would do. See, I am like most stock market newsletter writers, I am quick to point out when I am right about something and I almost never mention when I am wrong. Part of why I do that is to give you the impression that I am right more often than I am wrong and that I know what I am doing.
By the way, blueberries are delicious and they are very good for you.
Daytraders - you can make a fortune tomorrow with SMIT, go for it. I may be temtped.
Damn, I saw DCU last night but I thought - dry cleaning? The Consumer Services sector looks weak. Well it went up 30% today. It has only 2.5 million float and over 60% insider ownership.
YAKC has another ugly chart that looks good to short at some point.
STST looks really great.
Of my current holdings, I am looking to short more RADN and NTES soon and to buy more BGY.
--------
Posted by Ugly at 09:53 PM | Comments (0) | TrackBack
The trick in investing is not to lose money. That's the most important thing. If you compound your money at 9 percent a year, you're better off than investors whose results jump up and down, who have some great years and horrible losses in others. The losses will kill you. They ruin your compounding rate, and compounding is the magic of investing. - from Investment Biker by Jim RogersThink about compounding your money tax-free! That's the magic of a Roth IRA.
--------
Posted by Ugly at 11:11 PM | Comments (0) | TrackBack
ENSI has a nice long term chart. Short term chart looks good too.
BGY is almost at its trendline - good place to buy or add. I am going to.
OMTL looks good to short
For daytraders, AIRT looks to go up again on Monday - then short the hell out of it once it turns (maybe around $15?).
ULBI went nuts on Friday. But it has to be a good short near its 50-dma or somewhere around there.
I think the markets will stall for a moment here, I don't think QQQ $34 will be broken so easily. I think if it is broken, it will take some time to do so. If it breaks it at all - it shows stength. If it breaks it quickly, it shows more strength. If it bounces and then returns to make a new 52-week low, then $34 will likely be a ceiling for some time.
--------
Posted by Ugly at 09:18 PM | Comments (0) | TrackBack
The QQQ closed at its max pain point of $34.
That options theory is interesting. Steve Zito has another theory that whatever the market does on options expiration day - on the following Monday the markets will do the opposite. If up on Friday, down on Monday and vice versa.
That makes some sense because if the market is pulled one way for the expiration, once expiration has passed the market can relax back to the other direction.
--------
Posted by Ugly at 03:02 AM | Comments (0) | TrackBack
In commodities, as in the stock market, "fundamental" and "technical" analysis are the two major schools of investing. The fundamentalist studies the economic realities -- supply-and-demand factors -- that underlie market values. The technician focuses on price and market volume information and examines past trends in the belief that old patterns will repeat themselves. -Time magazine artice "Commodities Corporation" via turtletrader.comThe technician also believes that price and market volume information reveal the economic realities. --------
Posted by Ugly at 01:15 PM | Comments (0) | TrackBack
Michael taught me one thing that was incredibly important. He taught me that you could make a million dollars. He showed me that if you applied yourself, great things could happen. It is very easy to miss the point that you really can do it. -Bruce Kovner via turtletrader--------
Posted by Ugly at 12:57 PM | Comments (0) | TrackBack
Some Sept 34 puts on the QQQ. Not many, just to get my feet wet.
--------
Posted by Ugly at 01:21 PM | Comments (0) | TrackBack
But instead of fighting the tape, you have to wait for the tape to start heading in your direction. So don't short yet, or if you do only a small position. Really start shorting once it starts heading down. As always, keep your risk limited.
I am watching the $34 area on the QQQ.
--------
Posted by Ugly at 01:09 PM | Comments (0) | TrackBack
You can buy fantasy shares in your favorite blogs at blogshares.com. Kind of interesting.
Posted by Ugly at 10:53 AM | Comments (0) | TrackBack
For daytraders, BTHS looks good. And TZOO again.
GMXR for shorting.
Damn, JUPM is strong and steady. I think buying in the morning would work.
Because of the hurricane, Y is good for shorting.
I saw a special free pre-screening of "Finding Neverland" followed by Q&A with the director, Marc Forster. After that, I snuck into the next theater to see "Maria Full of Grace."
Both movies were good, but I liked the second one better. Two movies for the price of none.
Posted by Ugly at 01:25 AM | Comments (0) | TrackBack
The US military offers free breast implants to female soldiers while hairboy aspires to be a rock star.
Posted by Ugly at 12:16 PM | Comments (0) | TrackBack
Personally, I won't trade it for at least a few months until there is a chart to read.
--------
Posted by Ugly at 11:57 AM | Comments (0) | TrackBack
via the Kirk Report:
82% of all day traders lose money based on this study.
--------
Posted by Ugly at 10:28 AM | Comments (0) | TrackBack
via maoxian:
Where the foreclosures are
Did you short NTES at its trendline? $34-35
Options expire tomorrow.
Posted by Ugly at 10:23 AM | Comments (0) | TrackBack
I don't care what anyone else thinks - the market is currently in a down trend. Who is fighting the tape? It all depends on your perspective. If you look at the 3-month chart, it is clearly a down trend. If you look only at today's chart it was an up trend. If you only daytrade, you are mostly only concerned with the day's trend. And if you trade longer term trades, you are more concerned with the longer term trends.
I seriously doubt that the QQQ will climb above the $34-$35 range. If it does, then I will re-adjust my viewpoints.
Tomorrow and maybe Friday are in my opinion going to be the days to add to or begin new short positions.
I am going to keep a profit/loss list of all my closed trades - you will find it under the links tab when I create it.
PDA is strong
MAD did well again today
Watch closely the previously mentioned short recommendations because soon will probably be a good opportunity to short.
--------
Posted by Ugly at 09:47 PM | Comments (0) | TrackBack
As you can see from the graphs below, I was stopped out of HBP because it broke its logarithmic trendline. What I didn't realize at the time is that it hadn't and still has not broken its linear trendline. I think HBP is a buy until it breaks the linear trendline.
--------
Posted by Ugly at 04:49 PM | Comments (0) | TrackBack
And then short it when you see it.
--------
Posted by Ugly at 10:54 AM | Comments (0) | TrackBack
These are the resistance numbers to watch.
LWAY broke $10 - good to short. I was watching it when it broke and I thought about shorting it, as I recommended here a few days ago, but I didn't pull the trigger.
What did it close around - $9? Damn.
Looking over the "volume advance" pages link under the "links" tab to the left every day will give you a great idea of what is going on in the market. You won't miss a thing if you go over it every day - not a stock will run away without your notice. Plus, you will get a general feel for what is going on in the market as a whole.
It usually only takes me an hour. And then, for the weekends, I go over the sector charts and the top 100 Alpha charts. This makes me feel right on top of the market.
I've also added some useful links to the tab on the left of this page.
For buying, MAD looks like one to watch. As does FRD and COHT. If you trade BB stocks, watch PIOL.OB
For shorting - TRMM
I saw Wall Street tonight - it was okay. I liked it more than I normally would have because of the subject matter.
--------
Posted by Ugly at 12:04 AM | Comments (0) | TrackBack
Yesterday's low volume rally supports my opinion that the large-money traders are not buying, but are short selling these bounces.
If NTES goes to near $35, I will be licking my chops to short sell the hell out of it. Although it seems to be performing better than SINA or SOHU lately.
I put up a barter request on Craiglist.com but haven't heard anything yet. I think next I will offer housecleaning or gardening work for one barrel of crude oil just as a joke - but if someone takes me up on it, I will gladly do it.
For buying, LUCY ISSC and RMI look decent.
Taders made a killing with TZOO yesterday. For longer-term trading, just watch its trend line. Buy if it bounces off of it and short it if it breaks. You can make even more of a killing.
Even though the markets rallied - a lot of the volume advaces (see link on left) were to the downside which tells me not much of the smart money was buying.
--------
Posted by Ugly at 02:33 AM | Comments (0) | TrackBack
This could be an interim bottom with the QQQ going back to $34 and the Nasdaq to around 1850-1900.
So I would hold off on initiating short positions until this bounce has exhausted istelf.
--------
Posted by Ugly at 02:22 PM | Comments (0) | TrackBack
If you haven't seen it yet, you should watch Sanjuro.
The fight scene at the end is unforgettable.
Posted by Ugly at 12:05 PM | Comments (0) | TrackBack
The markets have ugly charts at the moment. As I said before, I wouldn't be surprised to see the markets make new 52-wk lows soon and possibly new 5-year lows within the next year. It is headed in that direction anyway.
I would only be looking to short this week. If the markets start to rally, I will short them at their resistance.
I would be very surprised to see the QQQ go over and hold $34 again for a while. It would mean the market has regained its strength.
For shorting:
ISNS around $10, NGPS if you can get $10, QADI, SCSS
HURC around $10
SOHU
IST could be a profitable swing trade short sell - but you have to be careful because of its strength
ALVR if it breaks below $10
IFOX $11.75 or so
NFLX - next rally - if lucky $19.99
ditto for FLML
If TASR breaks below $23, stick a fork in it
AMED is a must-short if it drops below $23 - perfect head and shoulders chart
LWAY if breaks $10
--------
Posted by Ugly at 11:57 PM | Comments (0) | TrackBack
Besides being more secure and having a cooler name and icon than Internet Explorer, Firefox's tab feature and pop-up blocker makes going back to IE impossible.
Posted by Ugly at 04:15 PM | Comments (0) | TrackBack
SOHU was halted for some bad news and this is bringing the other Chinese Internet stocks to new 52-week lows which is great news for us Chinese Internet stock short-sellers.
And the QQQ gang continues to battle with the $32.50 support.
The Nasdaq chart is looking pretty ugly.
--------
Posted by Ugly at 12:38 PM | Comments (0) | TrackBack
An article about it that I read via the Kirk Report.
That's what one guy kept saying to me at the dinner meeting - "real estate never goes down!"
The question isn't whether or not we are in a housing market bubble - the tough question is when will it pop?
I am going to buy as many houses as I can when everyone is panicking and the real estate market is flooded with homes for sale.
Posted by Ugly at 12:29 PM | Comments (0) | TrackBack
Tomorrow is the auction - I am interested to see how Google trades at its IPO.
The QQQ closed below $32.50 - let's see how it holds up to end out the week. If it closes tomorrow below $32.50, stick a fork in it.
Short the rallies in weak sectors. Don't buy unless the chart and sector look great.
--------
Posted by Ugly at 11:00 PM | Comments (0) | TrackBack
The stock market is a very fun, exciting, competitive, dynamic, engaging, puzzling, and (hopefully) rewarding game to play. But it is good to remind yourself that there are much more important things to life than just this. It is easy to get caught up in it and forget. Watching Ikiru every couple of months should help. It is truly a great movie.
Posted by Ugly at 01:25 PM | Comments (0) | TrackBack
We are trading in this range. There is nothing really to note until one of this lines are crossed.
I would concentrate mostly on shorting any rallies. However, keep your eye open for anything.
Watching your account balance do nothing is better than watching it go down. Still, it is hard to sit on your hands after a year like last year.
I thought I would be tarred and feathered for saying that I thought the real estate market would go down at a dinner meeting last week.
Watch for buying:
RIV
Watch for shorting:
ALVR, IFOX, PCSA,
--------
Posted by Ugly at 09:24 PM | Comments (0) | TrackBack
The market is trending down. Look for stocks that have had steep rises but are now tipping down below their 200dma's. Short them as they bounce off of their downward trendlines or around their 50dma.
$32.50 seems to be another area of support on the QQQ and a number to watch. We might see a bounce here - maybe back up to near $34. But $34 should be resistance.
This is an exciting time for the markets as we have entered a new trend - down. We have mostly been trading sideways this year up until now.
Watch now for points to form a down trendline and to see how this plays out. Stocks usually fall faster than they rise, so we could give back all our gains from 2003 very quickly.
Who knows what will happen - but we know what has happened up to this point and we can make our best guess from here.
For shorting:
AGCC
BLTI
CPTV
EBAY
OMTL
And of course, NFLX NTES FLML
--------
Posted by Ugly at 11:00 PM | Comments (0) | TrackBack
Sideways markets are bad for trend followers. Now that we've made new YTD lows on the indices and broken some significant support, it looks like although things look bad for the market - they are looking up for the trend followers.
Weak sectors:
Advertising, Airlines, Beverage, Broadcasting, Consumer Services, Diversified Technology Services, Electric Components & Equipment, Food Retailers & Wholesalers, Healthcare, Investment Services, Media, Pharmaceuticals, Retail, Semiconductors, Technology
Strong sectors:
Aerospace, Air Freight, Coal, Consumer Electronics, Distillers & Brewers, Energy, Household Products, Industrial Transportation, Insurance - Life, Lodging, Marine Transport, Mining, Oil Companies, Steel, Transportation Services, Trucking
--------
Posted by Ugly at 07:53 PM | Comments (0) | TrackBack
$34 is no longer support - it is resistance. It is still a key point to measure where the market will go. The market is weak and could drop more quickly now that $34 has been broken. I would not be surprised to see the market take a steep dive soon. However, you never know with the market and just have to make your best guess. I would not be surprised to see the QQQ make a new all-time low at some point in the next couple of years. Based on the charts, the US stock market does not look to be a good place to let your money sit for the next decade or so. It is an ugly chart. The stock market has alway returned a nice profit to people who just let their money sit for years, but based on the long-term ugly chart, that peak in 2000 looks bad for years to come.
Now is the time for most trades to be short.
--------
Posted by Ugly at 05:46 PM | Comments (0) | TrackBack
I am very interested to see how this plays out.
--------
Posted by Ugly at 11:42 AM | Comments (0) | TrackBack
That sucks, but what the hell. I'll take these small losses as long as I get the big winners every once in a while.
The market just always seems to kick you when you're down.
But that's okay, I can bridle this wild beast.
CFK looks nice - I love the chart, but the sector doesn't look great.
CRT looks good.
I keep watching SMRT go higher and higher. It will start to drop only if I buy it.
$34.01 was the low on the QQQ today. Support is strong - if it breaks, resistance will be just as strong. Every bounce makes the support stronger. $34 is the magic number.
This is an ugly chart - and a double top formation.
--------
Posted by Ugly at 09:19 PM | Comments (0) | TrackBack
HOC looks good, but watch the market - it looks weak and I wouldn't be suprised to see it break down soon. If it does I will focus less on buying and more on shorting. I will still mention a buy if I think something looks good.
--------
Posted by Ugly at 12:48 AM | Comments (0) | TrackBack
I have heard stories of people accidentally buying stock in a company they didn't mean to because they mistyped the stock symbol while entering the order online. I haven't done that although I did once accidentally sell some shares when I meant to buy.
Today, actually, was my second trading typo.
Last night I put an order to buy some UTIW. I logged on this morning and found that my order had filled. So I meant to enter a stop-market order to sell at my stop point except that I entered a straight limit order to sell and so I sold all of my shares at the market - which happened to be near the low of the day. I didn't re-buy because I took it as an omen. Bad move as it closed near the high of the day. And I really like this stock - I consider it a strong buy. I will try to get in it again.
Little things like that can really get you down and psychologically influence your trading in a bad way. I'm trying not to let it get to me.
As I've mentioned, we are in a sideways market until either $34 or $38 is broken on the QQQ. And that makes it difficult to make money.
I mentioned before that EVCI was good to short once it fell below $10 - I hope some of you got it before today. I think it has a lot farther to fall.
Most of the volume lately seems to be with stocks that are falling. This might mean that the market will break down.
ATPG looks good. DDN from the air freight sector looks good also.
--------
Posted by Ugly at 01:30 AM | Comments (0) | TrackBack
If you haven't see this show yet, you have to see it. It is hilarious.
Management at HBO is doing a great job with hit shows "Sex and the City" "Six Feet Under" "The Sopranos" and now Ali G.
Posted by Ugly at 02:05 AM | Comments (0) | TrackBack
Speaking of daytrading at work - one day last year, I was trading NTES when it was rising fast. I had over $50,000 in just that one stock and it was breaking out to new highs, so I doubled down for over $100,000 just in NTES. This was while I was at work.
Well, the internet went out at my work and I didn't have a stop order in. I waited about 15 minutes and it still didn't come back on - all this while I have the biggest trade on that I've ever had.
So I went outside and called Ameritrade and got the quote. Luckily it was still moving up so nothing really bad happened.
Another day, though, I shorted SINA or something stupid like that and right after I did it my boss called me to his desk. I sat there, pretending to listen to him while worrying over my trade. When I got back to my desk, I was down $2000.
That kind of trading at work is insane. It is stupid. And expensive. You get so carried away with the excitement of it. If I didn't have a job, maybe it would be okay. But I am glad that you can trade and still make a lot of money without it getting in the way of work.
Watch these:
AE, DBLE, WLB
--------
Posted by Ugly at 10:40 PM | Comments (0) | TrackBack