Friday, December 31, 2010
Thursday, December 30, 2010
Tuesday it was revealed that NYSE short Interest hit lows for all of 2010
Wednesday, December 29, 2010
Posted by Brandt at 10:23 AM
Posted by Brandt at 10:01 AM
Tuesday, December 28, 2010
Today we had several trades trigger at Wolf on Wall Street. They're limit order trades, just put them on an alert and enter the trade if you like it. Today CFW gave us a buy signal early on and it gained over 31% in one day. We had several others trigger as well that are in the green and starting their moves. There will be more before the week is out, I'm pretty sure of that.
For more information, check out the links to Wolf on Wall Street to the right, or just try it out for a month and see for yourself. Most people don't make 30% in a year!
Monday, December 27, 2010
From Wolf on Wall Street's "The Week Ahead" last night,
"We are already seeing some pressure on commodities including oil. It will be difficult to judge the effects of the hike as this week should remain a very light volume market, which can also lead to a very volatile market."
We already saw flash crashes in europe and the open here in the US has been pretty brutal the first few minutes.
Remember, I do not believe we are in a technically sound, bullish environment, more like a very sick one. With the low volume it'll be easy for the HFT and other blackbox firms to throw the market around. In a flash crash, judging by history, the last thing you want to do is panic as they are usually taking out stops and the crash will generally recover part or most of the crash, after that I may consider taking action as they can be warnings of worse to come. THIS IS EXACTLY WHY I NEVER PLACE STOP ON THE BOOKS, BUT KEEP THEM MENTAL IN MY HEAD UNTIL EXECUTION.
PRETTY CLOSE TO A FLASH CRASH. Remember, it's been 3 trading weeks since we've seen a 1% or greater move in the NASDAQ in either direction. This morning over .80 loss (were it to be considered on a closing basis) would be the biggest move we've seen in 3 trading weeks. Pretty much qualifies as a crash, nearly a flash crash. Be Careful today. Don't forget to look at the charts of the market posted last week, they weren't looking good.