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« March 2005 |
Main
| May 2005 »
There is a lot of talk in the chess world about cognitive enhancement drugs and drug testing in tournament chess. Performace benefit would come from handling pressure, improved memory, and focus-enhancement among other things. It seems to me this would be huge for traders. Even something like caffeine can make a big difference. Have any of you traded on Ritalin? Maybe I will give it a try and let you know how it goes.
Posted by Ugly at 03:56 PM | Comments (0) | TrackBack
I just want to take a moment to let you know that uglychart.com plans to stay free forever. Free services include:
All of this is available to you, my dear readers, FREE and out of the kindness of my heart (please click ads).
Posted by Ugly at 03:26 PM | Comments (0) | TrackBack
With a 97% on rottentomatoes.com, this documentary about Enron is a must see for readers of this blog. I saw it last night - opening night in the Twin Cities - and was not disappointed. As a trader, I was probably more sympathetic to the Enron traders than the normal viewer - which kind of scared me. There were some very interesting and relevant clips from the Milgram experiment. It was a very informative and thought provoking film.
Posted by Ugly at 02:35 PM | Comments (0) | TrackBack
I think today's action is looking pretty bullish for the short term. There was a lot of volume on the dip which looks like bigger buyers coming in. For the mid-term, there is a lot of resistance that needs to be overcome. I don't think it is a great time to either short or buy, unless you are covering.
The downtrend since Jan. 1 is still going strong, and I would ideally like to short with weakness around the 50dma on the QQQQ:
Posted by Ugly at 02:37 PM | Comments (2) | TrackBack
Dear Diary,
It's very risky to buy in this market, but the chart on NUVA looks pretty good.
AUGT looks like a good short right now.
TRGL, a 100%+ gainer from the portfolio, broke the neckline on a head and shoulders top and is probably good to short.
According to my calculations, there is a 96.327% chance that WSTL will break down below $5 soon.
ZEUS is proof that even mighty gods bend to the will of the market.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 12:48 AM | Comments (0) | TrackBack
Dear Diary,
Nothing really stands out. Some stocks went up, some went down.
If anything, I am looking for shorts, even though I am still scanning through everything.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks
Posted by Ugly at 11:12 PM | Comments (0) | TrackBack
Dear Diary,
ERES looks weak. Watch it for a break down of $10. If it breaks $10, I swear it will just have to go to $5 at least.
ESLR is showing notable weakness also.
I would be surprised to see FWHT do anything but go down for a while.
UTIW broke its strong trendline.
As you can see from the chart below, the QQQQ is meeting resistance at the point where the 7M share block trade occured:
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks
Posted by Ugly at 12:25 AM | Comments (0) | TrackBack
One of my faithful readers sent me the quote of the day from GuruNet, pointing out the similarity to stock speculation:
"To me, the extraordinary aspect of martial arts lies in its simplicity. The easy way is also the right way, and martial arts is nothing at all special; the closer to the true way of martial arts, the less wastage of expression there is." -- Bruce Lee
Thanks!
Posted by Ugly at 02:03 PM | Comments (0) | TrackBack
Dear Diary,
Portfolio pick HANS broke out to a new all-time high. The chart on HANS is a rare and beautiful thing. It follows its trendline like a loyal puppy.
The chart on HLEX looks really nice, but earnings are this week.
It would be a mistake to ignore VLCCF which continues to make new all-time highs.
SINA looks weak, but risky to play before earnings.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks
Posted by Ugly at 01:48 AM | Comments (0) | TrackBack
Immunity - back up for grabs!
The first stock market blogger to comment to this post, providing a verifiable URL to a picture of Steve Cohen - stock market wizard and rotting shark owner - will have immunity and will not be voted off the island this Sunday in Remainder: Stock Market Blogs
Posted by Ugly at 01:14 AM | Comments (0) | TrackBack
Dear Diary,
As you can see from the charts of the QQQQ, there is some resistance first where the 7 million share block trade occured. And then substantial resistance between $36 and $37 where the 200dma, 50dma and down trendline meet.
I will not buy anything until it can break above this resistance.
CWTR, once so strong, is now looking weak.
FOSL, also, looks like a really good short right now.
Watch a breakdown of $50 on GTRC.
Ouch, JUPM is getting busted and digusted.
A friend of mine has fallen in love with EBAY. He is convinced that eBay will someday grow into a vast empire and rule the world. He keeps adding to a losing position despite my persistence with informing him it is in a downtrend and that he should sell and then short it. EBAY is getting hit hard.
XXIA got kicked in the nuts.
HWG, on the new all-time highs list, looks to go to $200 at least at this rate.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks
Posted by Ugly at 11:59 PM | Comments (0) | TrackBack
With 197 votes, CANSLIM Investing is the eighth blog to be voted off the island.
Sorry CANSLIM Investing, you must leave the tribal counsel area immediately.
Why was CANSLIM Investing voted out next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 10:23 PM | Comments (0) | TrackBack
I've put together a little chart that shows basically what I look at each time I consider buying something at the grocery store. It is based on the nutritional info for Zoe's Flax and Soy Cereal.
If anyone has any other suggestions or questions, let me know. Here is more information about calories. I try to reduce my caloric intake because of the evidence of caloric restriction and longevity. Here is more information on the different types of fat. Here is more about sodium. More about fiber, sugar, protein, vitamins and minerals, and organic foods.
Posted by Ugly at 04:19 PM | Comments (0) | TrackBack
Weeks like this are okay for the trend traders and good for the day traders. The swing traders usually get screwed.
Posted by Ugly at 03:33 PM | Comments (0) | TrackBack
Another great advantage of using Firefox is all of the useful extensions you can add. For example, Infectious Greed mentions the Google Adsense extension, which shows your real time earnings on the status bar. Today I have been able to watch in real-time as my earnings have grown by $0.24! Here is a page about installing Firefox, which lists many other useful extensions.
Posted by Ugly at 02:42 PM | Comments (0) | TrackBack
Dear Diary,
The market was bullish today, closing at its high with nice volume. I will probably wait to buy until I see what happens to the QQQQ at resistance from its 200 and 50dmas, and $36.
DECK bit the dust on earnings news. Looks like a good short.
IFLO looks bad.
FORD is bouncing high off of its 50dma after good earnings news.
It looks like a tight race this week between MaoXian, Amey Stone, and Byrne's MarketView - don't forget to vote!
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Posted by Ugly at 11:57 PM | Comments (0) | TrackBack
Dear Diary,
The market was very bearish today, closing down on heavy volume following a gap up on good earnings news. I would not recommend buying under these circumstances.
AEOS is getting weak in the knees and has broken a nice long trendline.
I think GIVN can drop at least 50% more. It could be a bumpy ride, though, since over 40% of the float is short.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks
Posted by Ugly at 08:20 PM | Comments (3) | TrackBack
It is easy - just buy gas the day before it goes up 20 cents. The best time to fill up your tank is below the 50dma. Yesterday I filled up the tank of my Mercedes-Benz SLR McLaren coupe (aka '92 Toyota Corolla) for $1.95/gallon and today it is going for $2.17.
Next time I might buy a couple hundred gallons extra and set up a "gas stand" in the front yard.
Posted by Ugly at 07:22 PM | Comments (0) | TrackBack
The richest open chess tournament in the history of chess will be played in Minneapolis May 18-22. The $500,000 prize fund will attract top players from around the world. The organizer, Maurice Ashley - the "Tiger Woods of Chess" and first and only African-American grandmaster - is also currently teaching "Introduction to Logical Thinking Through Chess" for the mathematics education program at City College.
I probably won't play in the tournament, but I will definitely be there to check it out.
Posted by Ugly at 10:32 AM | Comments (0) | TrackBack
Dear Diary,
INTC and YHOO were up AH with earnings news, so I guess we will see a gap up in the morning. The trend is still very down, though.
CELG is making new all-time highs and should be noted.
USPI made a new high and would be great if the market were stronger.
One of last year's biggest winners, RIV, made a new high today.
Day traders should watch ELTK - it could go up 100% in one day.
NSI had a nice looking breakout today.
Want to see an ugly chart? Check out the market's reaction to uglychart.com's negative opinion of NWMV.
HURC broke down $13 today - ouch - I mentioned before this was a good short if it did that. It has a nice double top chart on it now.
Don't forget to vote off a stock market blog remainder!
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Posted by Ugly at 01:36 AM | Comments (0) | TrackBack
Dear Diary,
It looks like the 200dma is too much resistance for ASKJ.
PHRM is dropping as rapidly as it rose - why would it stop now?
WSTL looks weak - I think it can drop 50% from here.
HANS showed a little strength today and is the last man standing in the portfolio. Its up trend is still entact, despite the recent weakness in the market.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks -------------------- day 81
Posted by Ugly at 01:38 AM | Comments (2) | TrackBack
Dear Diary,
Some heavy selling with steep volume last week. That is a pretty bearish thing to do. I expect the trend to continue until it stops, even if there is a bounce on Monday.
If the trend continues, ALDN should be a good short.
CALM continues its freefall. Looking at the chart, it is a solid short to $5 at least. Although you have to be really careful because 65.96% of the float is short. I won't touch it because of this.
Super strong CULS costs-u-a-lot-less now. A red bar like that usually continues down.
DGII looks like a good short.
GEOI could be a good short under $8.
WYNN looks like it broke its trendline with volume and could have bit the dust.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks -------------------- day 80
Posted by Ugly at 12:20 AM | Comments (0) | TrackBack
It was a rather slow week for Remainder: Stock Market Blogs. With only 75 votes, Second Great Depression is the seventh blog to be voted off the island.
Sorry Second Great Depression, you must leave the tribal counsel area immediately.
Why was Second Great Depression voted out next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 12:41 PM | Comments (0) | TrackBack
Garry Kasparov was hit on the head with a chessboard. Russian news agencies place the blame on the pro-Putin organization Nashi. He is okay, he just has a bump on his head.
In other news, he talks about the relationship between chess and business, and mentions something that I find strikingly similar to trading stocks:
Chess is a mathematically infinite game. The total number of possible different moves in a single game of chess is more than the number of seconds that have elapsed since the big bang created the universe. Many people don't recognise that. They look at the chessboard and they see 64 squares and 32 pieces and they think that the game is limited. It's not, and even at the highest levels it is impossible to calculate very far out. I can think maybe 15 moves in advance, and that's about as far as any human has gone. Inevitably you reach a point when you've got to navigate by using your imagination and feelings rather than your intellect or logic. At that moment, you are playing with your gut.
Posted by Ugly at 02:54 AM | Comments (1) | TrackBack
Feels like it, doesn't it? The market has been breaking down hard this week. Check out this CCI breakdown on a 3-year chart of the Nasdaq:
The CCI on the Nasdaq is -353! The lowest in at least 3 years.
Posted by Ugly at 01:12 PM | Comments (1) | TrackBack
Dear Diary,
Super strong PMTI now looks weak and bending with the weight of the market.
RIMM also looks bad.
I would be very surprised to see ZBRA do anything but go down.
Ouch. And the down trend since the first of the year continues.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks -------------------- day 79
Posted by Ugly at 12:10 AM | Comments (0) | TrackBack
Check it out:
Is this a sign of the end? Or just the beginning? Or both? The significance of this volume will become more clear as trading continues.
Posted by Ugly at 12:06 PM | Comments (0) | TrackBack
Dear Diary,
ASCA looks good.
But I would hold off on buying and start raising cash and shorting. Look here and here for short possibilities. I am too tired after working on my taxes to look for the best ones.
Ouch, what a day. The market looks really bearish now.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks -------------------- day 78
Posted by Ugly at 03:15 AM | Comments (0) | TrackBack
An MIT academic study helps support the Min Pain theory for trading:
Traders with extremely intense emotions had the worst overall trading performance, researchers found. Traders with the best performance had reactions somewhere in the middle, stronger than those reporting little emotional response, but not intensely happy when their trades did well or down in the dumps when they didn't.
Lo said the researchers someday hope to create tests that employers could use to evaluate whether applicants would make good traders. They also would like to develop an online program that would allow individual investors to determine if they are too emotional to make wise financial decisions for themselves.
It is an interesting, short article and a good read.
Posted by Ugly at 05:55 PM | Comments (1) | TrackBack
Contributing more evidence that chess players are crazy racists, former world champion Boris Spassky has signed a petition to ban Jewish organizations.
Many leading Soviet-era players were Jewish, including Garry Kasparov, officially the highest-ranked in the world but now retired. The intense competition created a "them and us" division between Jewish and non-Jewish players, who include Spassky. Although this is the first time that Spassky has given vent to anti-Semitic feelings in public, Fischer - whose parents were, in fact, Jewish - has frequently exposed himself as a Holocaust denier and anti-Semite.
I am currently reading Jaan Ehlvest's book. In it he says "there was always this thinking that the best chess players in the world were the Soviet Jews, then - Soviet chess players, and after that - other Jews." He goes on to say that "Moscow officials disliked the Jewish chess players even more than other nationalities, such as Estonians."
Posted by Ugly at 05:16 PM | Comments (0) | TrackBack
NWMV is down almost 75% in a week (50% today) because of uglychart.com's exclusive expose on April 6. I don't think I would be surprised if I found out who made the real money here.
Posted by Ugly at 11:56 AM | Comments (2) | TrackBack
Dear Diary,
CPSI made a new all-time high and looks like it will go higher soon.
I don't like it as much, but ORCT broke out to a new high and the chart looks pretty good.
You can tell "something good" happened to the market today just by looking at the chart:
But does it matter what that "something good" is? As a chartist, knowing what made this happen is unimportant. It will only cloud your judgement and allow you to stray from your system. It is better not to know any of the details, but to play it as you see it - to play it as you would if there were no news at all. The stock does not move up or down because of news, it moves because people buy and people sell. This is part of the unifying theory of everything.
And with that, I will close with an observation that the volume and movement today on the QQQQ looks bullish for the short term which can be confirmed by a break above $37. Below $36 would continue the down trend.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks -------------------- day 77
Posted by Ugly at 11:53 PM | Comments (0) | TrackBack
Fifteen NYSE specialists have been charged for, according to Richard Ney, doing what they do best - cheating traders out of their money. But I thought they all did this?
One-fourth of all transactions on the floor of the NYSE involve specialists' own capital.
"Everybody who does what I do feels like it's basically a stacked deck down there," said James Malles, head of U.S. equity trading at UBS Global Asset Management, quoted in the Journal, which broke the story of the investigation last week.
"There's an inherent conflict. The specialists have to provide a fair and orderly market, but they can trade for their proprietary account. Those are clearly in conflict with each other."
This article goes into the specialists' conflict of interests in more detail:
The real question is why the archaic system has lasted so long.
One reason is that the specialists are enormously powerful within the NYSE itself. The exchange became a non-profit corporation 30 years ago, with a 25-member board of directors. Representatives of three specialist firms - LaBranche & Co., Fleet Specialist and Bear Wagner Specialists - sit on the board. The CEO of Bear Stearns Cos., which has a minority interest in Bear Wagner, is also on the board, as is the CEO of the Goldman Sachs Group, Inc., which owns a fourth specialist, Spear, Leads & Kellogg.
Another is that the NYSE operates as an exclusive club, with limited competition. Nearly all the trades in the stock of the largest U.S. companies, including 28 of the 30 Dow Jones Industrial Average, must occur on the floor of the NYSE. Companies that want to leave the exchange and move, say, to the NASDAQ, face severe restrictions from Rule 500, an infamous regulation of the exchange that critics liken to the code of the Cosa Nostra or a "Roach Motel": once you're in, you can't get out.
Posted by Ugly at 02:17 PM | Comments (0) | TrackBack
Are you man enough to go on a man date?
Almost all men agree that beer and hard alcohol are acceptable man date beverages, but wine is risky. And sharing a bottle is out of the question... Other restaurant red flags include coat checks, busboys who ask, "Still or sparkling?" and candles, unless there is a power failure. All of those are fine, however, at a steakhouse.
Posted by Ugly at 10:38 AM | Comments (0) | TrackBack
Dear Diary,
CFCI is a great stock and will continue to do well until it doesn't.
MCRI is another great stock. The all-time high list is a simple way to find great stocks.
Here is an easy one for the IRA, buy OPTN and don't sell it until it breaks its trendline:
I think portfolio pick RTSX can go far.
And another great looking stock from the all-time high list: UPFC looks really good - my only concern is its low liquidity.
Day traders should watch MAHI because it can go up 100% in one day.
ABLE looks ready to drop.
CRDN has been a real loser lately.
Like I said before, watch HURC if it falls below unlucky $13.
I tried to short BOOM last week, but no one would lend me any shares. I think it is going to fall down and go boom.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks -------------------- day 76
Posted by Ugly at 11:29 PM | Comments (0) | TrackBack
Dear Diary,
BEBE, one of the 31 stocks that made an all-time high on Friday, continues despite the market - how high will it go?
CNTY, which was mentioned here when it first made a new all-time high in December, continues to do so.
HAFC looks weak.
The Nasdaq reversed from Thursday's gains to close below 2000, but still holding at its 200dma. The market is at some pretty significant support and we need to see if it will hold. I would like to see a clean breakdown of support or a strong move up with volume.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks -------------------- day 75
Posted by Ugly at 12:28 AM | Comments (0) | TrackBack
What started as a slow week for Remainder: Stock Market Blogs, ended with a bang as two blogs finished with over 1000 votes. However, with 2302 votes, Jaloti is the sixth blog to be voted off the island.
Sorry Jaloti, you must leave the tribal counsel area immediately.
Why was Jaloti voted out next? How has this changed strategies and alliances?
Tune in next Sunday to see who will be voted out next in Remainder: Stock Market Blogs.
Posted by Ugly at 09:47 PM | Comments (0) | TrackBack
I have migrated to Movabletype. I was able to get the main page template so that it looks almost the same as before. Some of the other pages and archives will need to be fixed later. All of the old comments were erased.
I feel a lot of relief and freedom to be rid of blogger.
Posted by Ugly at 08:03 PM | Comments (2) | TrackBack
Since I could not find any such list on the internet, I have created a program that lists all stocks that are closing at new all-time highs. For now it just lists the symbols of Nasdaq and AMEX stocks, but I intend to add more functionality (e.g. NYSE stocks, search options, etc..) in the future.
This is different than the common 52-week high lists because it only lists stocks that are making new all-time highs.
I will add a link to the Charts, Lists & Research page.
posted to stocks
--------
Posted by Ugly at 01:22 PM | Comments (0) | TrackBack
For f@ck's sake, I have been trying to post for hours on this piece of crap system. And I love it when I type a long post and click "publish" and wham! "The page cannot be displayed." The back button brings up a blank post. And the little "recover post" button doesn't work!
The only reason I have not migrated off of blogger is because it is going to be a pain, but this is nuts. I guess it will be my weekend project.
Posted by Ugly at 03:25 AM | Comments (2) | TrackBack
A friend let me know that the Cookie Monster is going to be eating less cookies to try to help decrease the expanding rate of obese children. I think Sesame Street is a great show. It is one of those things that adults and children can enjoy together. It also makes kids smarter and now, more healthy.
The furry one also plans to try different kinds of cookies (read: healthier cookies) rather than his just staple, chocolate chip.
But will he still scarf his food? Yes, plus the occasional object, Truglio said.
Posted by Ugly at 05:25 PM | Comments (0) | TrackBack
Dear Diary,
ALVR looks ready to fall off a cliff.
EPIC looks that way too.
HURC looks weak also.
UFPT could go nuts. It is one to keep an eye on.
Ugly picks FORD and SNHY are going completely nuts - this cannot be maintained.
ISRG and KWK are both breaking out over the psychologically important round number $50 and look good.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks -------------------- day 74
posted to stocks
Posted by Ugly at 12:19 AM | Comments (0) | TrackBack
Dear Diary,
AMHC made a new all-time high.
FORD has taken the lead as the strongest stock in the market and will keep going up until it stops.
Business must be great for the two employees of NWMV.OB because the stock only goes up. Although according to the Reuters Abridged Financial Summary "for the nine months ended 9/30/04, revenues totaled $26 thousand vs. none. Net loss totaled $155 thousand, up from $25 thousand." With a market cap over $74 million. It's funny, the email contact at the bottom of their press release in March, rodmcishand@yahoo.ca, is also the contact for the Petticoat Lane Cafe. And how odd, the president, CEO and director, Roderick Shand, has the same name as the former head of the envelope manufacturing company Simson Pimm, who pleaded guilty to fraudulent trading in January 2002. The other guy, Paul Bains, besides being secretary and director is also vice president of the Canadian Auto Workers union Local 111?? I wouldn't even buy it with your money.
Don't forget to vote off a stock market blog remainder!
* user agreement -- how to use ugly picks -------------------- day 73
posted to stocks
Posted by Ugly at 12:38 AM | Comments (1) | TrackBack
Today was a low volume day, but you can see the support at $36 on the QQQQ from the chart below. A break below this would be bearish. The 50 and 200dma's are resistance and a break above these with volume would be bullish.
Posted by Ugly at 04:53 PM | Comments (0) | TrackBack
I apologize for no official Ugly Picks post last night - blogger was out for hours. The picks were still posted to the ugly picks page.
RTSX was one of them that I thought looked especially good and added it to the portfolio this morning.
Posted by Ugly at 01:27 PM | Comments (0) | TrackBack
Jim Rogers and others are raising children to be fluent in Mandarin so that they will be better prepared for the future global economy dominated by China.
Finding the right nanny took weeks. She had to speak the kind of Mandarin heard in government circles in Beijing. Clifford Greenhouse runs the Pavillion nanny agency in New York. Theres been a tremendous surge in demand. We get dozens of requests a year. It is extremely hard to find the right, well-educated, cultured Mandarin speaker, he said.
Posted by Ugly at 10:04 AM | Comments (0) | TrackBack
Dear Diary,
EENC had a nice move with block trades at the end of the day on Friday because of CNBC
