If you are trading on a Fed day, be careful. Historically, Fed days offer misdirection and heartache for investors. Because of this, typically, I opt to do nothing, with exception to day trading.
Meaning: I have no interest in adding to short or long positions, prior to the Fed decision. Even after the Fed decides, the market can drive one crazy, knee-jerking back and forth.
Nonetheless, following bad news (GS, home starts), the market is very optimistic this morning. It makes no sense to bitch and complain about “what the market should do.” Instead, look at what the market is doing, and trade accordingly.
For now, my short term swing trades/day trades will be on the long side.
Specifically, I am looking at commodity names, especially in Ag, and select tech. When I decide on the exact names, I will post them.
With regards to my shorts:
They will suffer today. However, I am not in them for one or two days moves. So, in the meantime, I will utilize some of my cash to scalp a few trades.
NOTE: The news is horrific and the market SHOULD be down. So, on any slip up, I will be sure to stop out of any longs that I decide to get into.
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Vincenzo is God.
fly u like gold at these levels?
Looks like the market will just goose-step higher into the fed meeting and then probably sell off. The data is bad and the fed isn’t doing anything unexpected and I think the market up before the fed is a bad sign. i would say long into the fed if you must and short before the decision. Then again, I am probably just full of crap.
CEO: Dikshit
http://www.marketwatch.com/news/story/partygaming-rallies-nears-settlement-us/story.aspx?guid=%7B8D7A9555%2D84C9%2D47C9%2D9245%2D2DEB8A8FC75B%7D&tool=1&dist=bigcharts&
Man I’m looking at this ad for “Cursor Mania” just to the right of your post. It’s so you can download new cursors to replace the standard arrow – things like flags and hearts with sparkles and shit.
Can you guys collect data on who clicks what ad, because if there’s anyone out there reading your post and trading stocks, and yet they are still gay enough to click on “Cursor Mania,” their name deserves to be displayed publicly.
Damn that ad sucks!
A good video to watch while eating your sandwhich:
http://www.charlierose.com/view/interview/9713
I will handle the ? about gold. Fuck gold. Anymore ?’s?
Slick Willie
TBT is like a low end Vegas Casino. No Position but looking.
searching for free software that calculates cap gains, anyone has good pointers? I found this thing but not sure if it works as advertised or just going to make bogus tables http://www.gainsanalyzer.com
Actually, I am buying ABX.
The only unexpected thing the fed could do is raise rates or hold them steady. Of course, if they did that the market might just rally out of spite.
Fly,
Absence of profanity lately. Meet the new Fly?
Took a look at one of your old buddies, CENX, today. That sucker was under $6 when all the commodity stocks bottomed on 12/5. Now it’s $10.
Its all baked in already fellas, think about it all the news that comes out today doesnt matter cuz the market is 6 months ahead. How about one of those 400 points rally after the fed???
I like the new format in the comment boxes.
This is the ___ speaking, rather than just ___ says…