The Return of Samsonite Hamburgalar
by: The_Real_Fly
Related: Samsonite meets with Fly
http://www.youtube.com/watch?v=TFltMI93hjg&feature=relmfu Read More
As a follow-up to this post from late last week, WYNN indeed found some initial support right where it needed to at $101. As you can see on he second chart below on the updated daily timeframe, if you had followed the elements I laid out for a "going to the mattresses" setup, you would have[...]
This another post to a simple yet effective SPX market timing strategy. I will I admit that this is nothing that I found but was brought to my attention by @SPYder_Crusher, a former blogger on iBankCoin and respectable trader on many levels. One thi Full Article
Chinese consumers of thermal coal and iron ore are asking traders to defer cargos and – in some cases – defaulting on their contracts, in the clearest sign yet of the impact of the country’s economic slowdown on the global raw materials markets.
F Full Article
When it comes to down markets and volatility like we are seeing lately I get questions from friends at work on what they should do. I am sure if your friends know what you do you get many questions as well and at times it can be quite daunting as it Full Article
The percentage of major exchange listed stocks above their 20 and 50 day moving averages has fallen to levels that have been associated with bottoms in the market.
Click on the chart to enlarge it...
The middle pane of the chart is where we Full Article
I scanned a few thousand charts over this weekend and found quite a few interesting setups. The bearish/bullish ratio was 75/25 % but I'm not interested in counter trend trades. I'll focus on the bullish patterns when the market shows some buying co Full Article
"Robin Gibb, one-third of the Bee Gees, died Sunday after a long battle with cancer, his spokesperson has confirmed via a statement. Gibb was 62 years old.
"The family of Robin Gibb, of the Bee Gees, announce with great sadness that Robin passed a Full Article
There's not to much I like heading into the week. Risk is getting harder to define, and my type of chart setups are few and far between.
I would love to see a washout, like the rest of the world, but now it seems everyone is looking for one. Will Full Article
You do understand how superficial the stock market is, right? People in the real world, working 12 hours a day to pay for their inflated rents couldn't give two shits and a gay mule about Greece or the Nasdaq. There are the unlucky ones, who for some Full Article
I reside in Southern California, far from any mercantile exchange. Not a bad place at all, if your mexican.
So threw the marijuana grape vine, aka Morgan Stanley I hear of this record IPO in the unseasonal month of May.
The CEO thinks he is fuc Full Article
RaginCajun and The Fly both pointed out the strength in Treasuries last Friday. I wanted to give you a long-term look of TLT, as I have done in the past. The main point that I had made over the prior eight months or so was that TLT failed to get Full Article
That's about two months per human fetus.
A British citizen in Bangkok has been arrested after Thai police found six roasted human foetuses packed in his luggage.
Chow Hok Kuen, who is 28 and of Taiwanese origin, was held by police after the Full Article
I am of the opinion that once you become versed in the financial markets and find a strategy that works for you, the mental aspect of trading is where the vast majority of the battle lies. How you choose to approach the market is really irrelevant. Full Article
Prepare for more fun times in the equity markets. Risk ratio chart porn suggests we may have much more downside to this correction.
Full article... Full Article
"The unit at the center of JPMorgan Chase & Co.'s recently revealed $2 billion trading loss has built up more than $100 billion in positions in asset-backed securities and structured products, the Financial Times said.
The newspaper said this Full Article
Until this point virtually every pundit and financial journalist and blogger has opined on JPM, its prop trading operation (as first exposed by Zero Hedge), and its massive loss which due to its pair trade nature has potentially unlimited upside, but Full Article