Stock Market

With the market the way it has been for the last couple weeks or in 2008 for that matter, I am going to start focusing on some Inverse ETFs.

The reason being, my focus has shifted away from picking individual stocks for the time being.

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Martin Luther King Day, Jr. Day

Words by the great Martin Luther King, Jr. :


"A right delayed is a right denied."

"The quality, not the longevity, of one's life is what is important. "

"Human progress is neither automatic nor inevitable... Every step toward the goal of justice requires sacrifice, suffering, and struggle; the tireless exertions and passionate concern of dedicated individuals."

"I am not interested in power for power's sake, but I'm interested in power that is moral, that is right and that is good."

"I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin, but by the content of their character."

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In One Day ; Out the Next

I exited my position today.

I am beginning to think it might not be such a bad idea learning how to short stocks.

We'll see how the next few days plays out, then I'll decide whether or not I should be going long.

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Back in the Market [With Caution]

Three of the last five trading days have been positive. The Dow, S&P 500, and Nasdaq ended the day up.

I've decided to enter one of my favorite plays, AIXG today. If time permits, I'll scan some stocks to see if there are any potential buys for tomorrow.

Otherwise, I'll just closely monitor AIXG and keep a tight stop.

The markets aren't oversold anymore and I am proceeding with extreme caution.

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Quote of the Day

"The only thing that interferes with my learning is my education."

-Albert Einstein

I am sure Albert had a different meaning for saying what he said X years ago than what I am about to interpret it as.

There are times when I've felt that I've been going to school to get the degree rather than to learn. "Go to college to get an education (even if it means you don't learn direct material that is applicable to your future job)" is what the general public says. Regardless of what I think, going to school is what "needs" to be done right now. Even though, I've experience tremendous conceptual and intellectual growth in school, I still believe my education interferes with my learning.

Having said the above, I am now more confident that I have misinterpreted what Mr. Einstein meant.

Have a great day! I am still in all cash! (I have to learn how to short)

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Tuesday Jan 8th 2008 Recap

Until I learn how to short properly and develop a trading plan for shorting, I will continue to sit out markets conditions such as ones we've seen today.

I am thinking about consolidating my trading portfolios and focusing on a single trading plan rather than two different ones. I currently use two brokerages (Tradeking and Zecco). My inclination is to move everything to Zecco because of the low volume of trades I am making every month.

I've decided on using three layers of direction as part of my trading plan to determine whether or not to trade a stock or not. Like Kirk, from Kirk Report, I will be keeping a close eye on the market, the industry in which the stock I am looking at, as well as the chart of the individual stock. All three, must work in my "favor" in order for me to execute a trade.

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All Cash!

Though the Dow and S&P 500 finished up, I will wait until there is confirmation of an uptrend for the Dow before entering the market. Nasdaq looks like it could go further as support at 2500 has been broken. Volume in these indexes look decent, but there is potential for continued drops.

I will probably screen some stocks for potential buys in the coming days.

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Headed towards Recession?

Sure looks like it... It might not be such a bad idea to sit this one out until things settle.

What a way to end the 1st week of the year.

While others will probably be buying this panic, I'll take a seat on the sidelines.

I'd like to say I exited all my positions today, but I didn't.

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Trading Strategy for January 4th 2008

I've entered a couple stock positions this year namely STP and CSIQ. Before I take any further action on these stocks (exit or add to the position), I'll have to see how they do at least for one more day. So far so good, as I am up on my STP position.

TKC, another stock in my portfolio, has taken a hit and isn't looking well technically. I will be looking for a signal to exit my trade or some indication that I should hold on to it.

I screened some stocks this evening and came to the conclusion that:

1. The gold, in the short term, looks overbought at this point.
2. Shipping industry doesn't look like it has recovered yet.
3. Citigroup's stock (C) still looks like death.

Those in my watch list include DECK, NKE, and AAPL.

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2008 1st Day of Trading

I am not surprised by today's market action, but I didn't except it to be down this much. From my experience, markets follow trends and today's action was merely a continuation of the action we've seen the last two weeks of 2007. Even though it is the 1st trading day, that alone was not enough for people to pull the market up today.

Having said this, I did still find a stock to enter. I entered STP this afternoon. I was also looking at DECK, as it has proven to be a winner all of last year. DECK was not one of my trades today. The entry for DECK was not appealing, but you can count on the fact that I will be keeping a close eye on that one for a possible reversal signal.

Happy Trading Tomorrow!

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Happy New Year 2008

HAPPY NEW YEAR!!

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