Our Zweig Breadth (ZB) indicator fell short today of going overbought. I thought that the 875 area was going to hold or even burst through and that we would get another overbought on the ZB. This leaves open the possibility of either another day to set a higher high in order to get into...
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I posted this A/D line picture today for my fellow traders that convene in a paltalk room called TTT Hedge Fund. It is a great room full of some of the most talented professional traders and hosted by Tom Malone aka Tom The Trader. It is a premium room, but perchance your interested you...
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In the middle of the day my dogs were outside barking away driving me nuts. I went to bring them in and noticed that this time it was not a squirrel that had them stirred up, it was this Ring Neck Pheasant. They are part Springer and they have a very strong birding instinct. ...
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The Zweig Breadth indicator is about to go overbought again! T Thank you for subscribing.
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Today was painful for the bears, but if we played our plan as laid out, buying positions between 33.50 and 33.75 on the QQQQ’s we would be ahead of the game. It takes great discipline to execute according to plan. A great way of doing this is learning how to place complex orders via...
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I got burnt yesterday. I made a rookie mistake. I thought I had my stops in and the market ran against my shorts; and they were handed to me big time. With the run-up into the close I hesitated selling them after-hours. I did have a BGU hedge in...
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I have added today two (2) new mandatory reading assignments. They are relatively short, (actually they are novels compared to today’s twitter based world). Every trader should know or have heard of Tulipmania, which is now used as a common economic term defining an irrational economic bubble (much like the Internet bubble). The second...
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excerpt from Extrodinary Popular Delusions & the Madness of Crowds: Quis furor o cives! – Lucan. The tulip,-so named, it is said, from a Turkish word, signifying a turban,- was introduced into western Europe about the middle of the sixteenth century. Conrad Gesner, who claims the merit of having brought it into repute,-little dreaming...
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