The market of stocks is off tothe races this morning. I see a lot of interesting trades being mentioned and several good looking stocks that are setting up. POT keeps killing it and MLM is rallying strong as well. I am still finding my prey for this week while trying to balance a few deadlines. I'll have another list for us as usual by tomorrow morning.
I am also going to squeeze in another post on trading psychology. It's been too long since I have touched on that topic. I love to identify psychological behaviors that impact trading. I find that topic to be fascinating.
Anyhow, I will catch up with you a little later...happy trading.
Thanks Jeff. I really need a psychological pick up. I just finished reading "Trading in the Zone". This made a huge impact in my fear of failure factor. I know it's all in my head. Because, when I started trading I was knocking them out of the park. The market wasn't that great either, at that time. The more I learned about investing the worse I got.
I was using very small amounts of money while trading and following my proven rules. It still took it's toll on my mind. Enough of that mess, I'm now pressing foreward to the mark of professional trading.
Posted by Anonymous | 4/23/2007 11:12:00 AM
Hey Jeff:
I think once we can overcome the emotion of being wrong and able to react to price movements is when we become a good trader.
Maybe you can touch on the aspect of reacting instead of hoping and trying to predict. I think that will help a lot.
Also take a look at ACAS although it was on a bearish watch list it seems it is turning and creating an ascending triangle.
Thanks for taking the time
David S
Posted by DavidS | 4/23/2007 11:27:00 AM
Jeff
Looking at CME I see a wedge ready to break any day. Any thoughts?
Dave
Posted by Anonymous | 4/23/2007 11:28:00 AM
Howzit Jeff,
How did you like them Warriors last night? I am like you, a product of the Bay. Yee, Yee!!! Go Warriors!
Scott
Posted by Anonymous | 4/23/2007 11:28:00 AM
Long - AFL, BA, PLLL, PCAR
Short - RATE (short the stock still - small loss now right about at my exit.)
Comments, opinions anyone?
Thanks Jeff and Bloggers!
Brent in San Antonio
Posted by Anonymous | 4/23/2007 11:33:00 AM
For those of you who missed the AMR breakdown friday (and continuation today), there's always LCC. Earnings are this week, but size accordingly.
Also, VLCM has a very intriguing brekout. Earnings also this week.
As you can tell, earnings don't scare me.
Lastly, I'm sure some of you ignored my when I recommended MTB. check out the evening star today right at resistance.
Posted by Anonymous | 4/23/2007 01:48:00 PM
Brett,
I took a bear trade on MTB.
Thanks!
Posted by Mike | 4/23/2007 06:54:00 PM