In the Company of Men (1997)

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Plenty of excellent sites out there include more macro commentary in their links, namely Downtown Josh Brown and Abnormal Returns. I thought I’d share a “Traders Only” collection. Here are the traders that I have been reading of late (click on links):

• “The Goat,” @gtotoy, with his excellent daily $SPY read
• @StevenPlace looks at past tops in the market
• @daytrend, Vic’s intraday market stats
• Derek’s always thoughtful analysis on a new correlation

There are plenty of other key sources that I check everyday, so be sure to look on the right hand side of your screen for my “Recommended Links.”

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Plenty of excellent sites out there include more macro commentary in their links, namely Downtown Josh Brown and Abnormal Returns. I thought I’d share a “Traders Only” collection. Here are the traders that I have been reading of late (click on links):

• Check out this great new site with very talented young traders, “Young Guns Trading”
• @daytrend, Vic’s new tool for traders
• “The Goat,” @gtotoy, with his daily $SPY read
• Derek’s always thoughtful analysis on a new market climate
• The @HCPG crew on the precious metals down here
• Vj’s unique take on $POT
• @traderstewie with some new setups to watch
• @Position_Trader with his solid watchlist

There are plenty of other key sources that I check everyday, so be sure to look on the right hand side of your screen for my “Recommended Links.”

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Plenty of excellent sites out there include more macro commentary in their links, namely Downtown Josh Brown and Abnormal Returns. I thought I’d share a “Traders Only” collection. Here are the traders that I have been reading of late (click on links):

• @daytrend, Vic’s new tool for traders
• “The Goat,” @gtotoy, with his $SPY read going forward
• The @HCPG crew on adjusting strategy for this changing market
• Vj’s take on the small caps in the $IWM
• Maribeth gives her daily watchlist and market posture
• @Position_Trader with his chart of the day
• @daytrend, Vic’s new tool for traders
• @zortrades on the “Acceptance Stage”

There are plenty of other key sources that I check everyday, so be sure to look on the right hand side of your screen for my “Recommended Links.”

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…it means Genco Shipping sleeps with the fishes.

To those who consider GNK to be a great value play, as well as best in breed with respect to the shippers, the price action must seem downright ghastly. As the weekly chart illustrates below, we just saw a breakdown out of the bearish descending triangle dating back to November of 2009. Unless this is a false breakdown, a test of key support dating back to early 2009 in the $10/$11 range cannot be ruled out. Despite the fact that I expected shippers to outperform at various points throughout the year, I will not disrespect price action this powerful.

Moreover, with respect to my previous post about China being at a critical juncture, further weakness in the shippers adds fuel to the bearish China thesis.

Bottom-callers Beware.

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Plenty of excellent sites out there include more macro commentary in their links, namely Downtown Josh Brown and Abnormal Returns. I thought I’d share a “Traders Only” collection. Here are the traders that I have been reading of late (click on links):

• “The Goat,” @gtotoy, with his $SPY read going forward
• Vj’s always original analysis
• Joe Fahmy’s video market analysis
• @HCPG crew on support buys
• Maribeth gives her daily watchlist and market posture
• @Position_Trader is keying on the 20 day moving averages
• @daytrend, Vic’s intraday market stats
• @zortrades with his money stock of the day

There are plenty of other key sources that I check everyday, so be sure to look on the right hand side of your screen for my “Recommended Links.”

__________

Plenty of excellent sites out there include more macro commentary in their links, namely Downtown Josh Brown and Abnormal Returns. I thought I’d share a “Traders Only” collection. Here are the traders that I have been reading of late (click on links):

• @HCPG crew with some Market Talk
• “The Goat,” @gtotoy, with his $SPY read going forward
• Maribeth gives her daily watchlist and market posture
• @Position_Trader’s thorough list of actionable setups
• @daytrend, Vic’s intraday market stats
• @zortrades with his money stock of the day
• @traderstewie on keeping a trading log

There are plenty of other key sources that I check everyday, so be sure to look on the right hand side of your screen for my “Recommended Links.”