I’ve been getting my butt kicked in my day trades. I’ve been getting to excited with big drops and big bounces, and ignoring my strategy… not good.
Anyway, today is August, a historically junk month in the market. I’ve been checking screens, and reading all types of market indicators and charts. All of that got me no where. I’m more confused, but that should be expected in this choppy market. Anyway, this will be a big week on the street since next week we have that highly anticipated FOMC meeting. For now, earnings and a little bit of Hezbollah news will drive the market. Stay tuned.
Blog-Roll for August 1
- Kirk’s notes– we are now overbought [Kirk Report]
- End of the month wrap up, [MSN Money]
- Bloggers are even more bearish this week! Add me to that list. [Ticker Sense]
- Broad Index Charts– Nasdaq is at key 2100 resistance, S&P at key 1280 resistance. Will we break through? [TraderMike]
- One of the best watch lists out there [uglychart]
- Trade hot sectors, like telecom (no lie!) and utilities [uglychart]
- First hurricane? I’ll come up with some ‘hurricane stox’ later [crameralerts]
- Stock in Focus– go long! [technicator]
- Using position sizing to manage risk by scaling trades [FickleTrader]
