Trader MD

• Peak Oil? What about Peak Water?!
• Current Yield Curve Turns Bullish
• A solid list of stocks to daytrade from
• Dow Theory (in a nutshell)
• Are IPOs Back from the Dead?
• A Cumulative Look @ Market Breadth
• The Impact of Tighter Lending Standards
  

Posted by Trader M.D. at 11:58 AM 0 comments

Labels: Links

• Chart: Worldwide Growth in Fertilizer use
• Another Reason for the World Food Crisis: Large scale vs Small scale agriculture
  
• Chart: All of Inflation's Little Parts
• Fed Opens the YLF (Yahoo Lending Facility)
• Trading Lesson: How to get positioned for a big move
• 10 Things Everyone Should Know About the VIX
• Michael Ashbaugh: Laying the Groundwork for the Next Leg Higher
• The 10 Worst HDTV Lies, Scams & Video Ripoffs

Speaking of HDTVs... I've been looking into finally getting one.

I'm looking at the Samsung Series 6 Plasma 50-inch 1080p & the Samsung Series 6 LCD 52-inch 1080p.

I've seen both in person at BestBuy recently. Somehow they have the plasma Series 6 before Amazon?

Nonetheless, they both look incredible. It looks like I can't go wrong either way.

Posted by Trader M.D. at 2:19 PM 0 comments

Labels: Links

• Rumors, Tips & News
• Should you melt a penny?
• Yahoo vs. Microsoft (I agree, tell em to #$!% off)
• Sentiment Recap for the week (boy that changed in a hurry)
• The sentiment cycle
• Is the Fed causing a global food crisis?
• Clueless in America
  

Posted by Trader M.D. at 2:38 PM 0 comments

Labels: Links

The weekend reading list is a bit longer than I'd normally like to post, but I haven't posted any in a few days.

• Chris Perruna & I have similar views on the holy grail
• Trend days have increased recently (Also see Bandwagon effects in the market)
• Sentiment Recap: Week of 18th, 2008
• A contrarian view on the IPO drought
• Fads, CROX, & Google Trends
• Gerald Loeb's Trading Tactics
• The foreclosure discount
• Wachovia on walking away & shadow foreclosures
  
• California's Unemployment Rate? 6.2%
• Can speculation really be blamed for the run up in commodities?
• Peak Oil is a gradual process
• Disappearning economic indicators
  

Posted by Trader M.D. at 10:11 AM 0 comments

Labels: Links

• What trading style fits you best?
• Bespoke highlights one of the flaws in the Dow Jones Industrial Average
• Sentiment is slow to change: A basketball example
• Will the G-7 defend the dollar?
• VIX & More highlights the importance of the Nasdaq's 2315 level
• The "smart money" is still underweight financials
• And the flight to safety continues
• Trading with T.K talks about being an NYSE specialist

• So we've been living beyond our means...
• And now consumer sentiment is the lowest since 1982, But why?
  • Could it be the economy is built on appreciating assets, and not real wage growth
    
  • Or maybe it's because the current jobless rate correlates to 1982
• Could consumer sentiment be a contrary indicator?

Posted by Trader M.D. at 12:26 PM 0 comments

Labels: Links

Apparently when I installed Vista, I left auto-update on. This morning I woke up with a prompt to restart my computer since updates had been downloaded & installed over night. After rebooting, I can't seem to connect to anything on the internet. WTF?!

Needless to say thats a frustrating way to start the day. I tinkered around with my network connections, drivers, etc a bit and tried to look for a place to uninstall the recent updates. In the meanwhile, I continue to play around with things and find out that Internet explorer works just fine, but Firefox, my ThinkorSwim platform and anything else don't. Double WTF?!

I managed to use system restore to revert everything back to before the lame updates were installed.

Speaking of MSFT... They plan on releasing yet another windows version next year. W. T. F.?! This one's still in beta.

Unfortunately, I was flustered/frustrated after wasting most of my morning prep time. Normally during this time, I'm reading the important headlines of the overnight and morning. I'm also setting alerts for all the new additions to my watch list.

Ah well, as a result, I didn't do much today. I scalped a few trades, but nothing special. I pretty much just sat back and watched the market.

A couple observations:

• It was good to see oil break out like I had talked about over the last few days.
• The S&Ps violated the 1360 level which I thought was important. We ended up penetrating and closing below that level.
• The Transports, Nasdaq & Russell 2000 were weaker than the S&Ps which raises a red flag.
• Today's action just puts that much more pressure on tomorrow's jobs number. Although a rate cut by the ECB would most likely trump any bad job number, especially since most people aren't expecting the ECB to cut.
• In addition, we get retail sales, international trade and more fed speak tomorrow.

And now some links:

• Backtesting Buffet
• Just another reason steel will continue to be hot
• Meredith Whitney is the only analyst on Wall St. willing to speak her mind (and tell the truth)
• Speaking of analysts, they lag reality
• Just another reason the current housing problem will take longer than expected to resolve... Median family income has not improved over the last 8 years.
• Who says unemployment & the market can't both rise at the same time?

Posted by Trader M.D. at 12:13 PM 0 comments

Labels: Links, MSFT, Recap

• There's a butter shortage in Japan
  
• What does former fed governor Volcker think about our current crisis?
• It's not a matter of if, but when the Euro replaces the US Dollar as the reserve currency
• Pamela Anderson caused the debt crisis (lol, there's no need to blame Greenspan!)
• Alan Farley doesn't care if we've hit bottom
• San Francisco braces for Olympic Torch run
• IMO, Greenspan would be better served to accept at least part of the blame
• Michael Ashbaugh's weekly Technical Indicator newsletter

The markets continue to trade sideways (and that's a good thing) and a lot of the momentum names recovered nicely today, but as DT Trader says, we need some good news and fast. As for tomorrow we can look forward to Fed speak, followed by more on Thursday.

Posted by Trader M.D. at 12:02 PM 0 comments

Labels: Links, Recap

• A Trade A Day talks about trader death
• Trading with TK looks to be another great blog, run by a seasoned professional and another one that you may have to keep open during the trading day.
• The Walmart CEO wants businesses to do WHAT?
  
• Speaking of Walmart; After hearing this story on CNN this weekend, I closed out the WMT swing position I had put on last week. I picked it up at ~52, sold it at ~52.75 on Monday. Even though its at nearly 55 now, I have no regrets. There's just something dirty about making $$ off of a company like that.
• Hillary is fcking Obama (hilarious)
• Traderfeed talks about trading when frustrated
• Options Addict, highlights the similarities between addictive drinking and addictive trading. I found it to be very similar to the first portion of Dr. Elder's Book : Trading for a Living, where he talks about "Losers Anonymous."

Posted by Trader M.D. at 11:46 AM 0 comments

Labels: Links