If you are coming here to learn something...

Beware of the man who works hard to learn something, learns it, and finds himself no wiser than before. Kurt Vonnegut

Trade Like a Ninja

Don't let recent movement in the market detour you in your quest. A Trading Ninja is always confident in his plan. Pounce on the enemy, and eliminate doubt. Who is the enemy? You can find the answer to that question by looking in the mirror, or on Mad Money. Don't give in to the temptation to think that something needs to change in the market before we can begin making money.

THE MARKET NEVER CHANGES. The only thing that changes is how we perceive the market, hence our beliefs about the expected outcome of our actions will change. Stick to what makes you money. As traders we can not afford to fall prey to self doubt. YOU are the best judge of the market concerning your trades, and your money.

Stop and Smell the Roses

While the market makes up its mind; check out this tasty lick. I am looking at FLWS for an ascending triangle breakout above 2 year highs. The breakout needs to happen on volume but you can make the call on your own.

Got Shorts?

Well we have had quite the week. I have talked to lots of traders about what is going on and most of us agree that the market has most definately moved. What I can't believe is that nobody told me it was going to be to the downside.

If you are going into Monday short, be careful and willing to admit you were wrong. Its one thing to say the market is bearish now because of deep pull back. It is quite another thing to make money on that belief short term.

I am still in some bullish positions after all this but I am not treating them any differently than I would if the market was still in the calm seas of the last 6 months or so. Right now I am doing 3 important things...

1. Stick to my plan
2. Search for the new bull sectors to emerge
3. Be patient and enjoy life

That is all for now...

The Market Reveals its Remorseless Fang

Greenspan is a Jack Ass! Wow! How intelligent do you have to be to know that a recession is coming? if the world doesn't get hit by a comet we will have a recession at some point in the future. Alan- just go back to your can of Vienna sausage and leave the public commentary to Uncle Ben.

China's Government... Communist Market Manipulation. Yo East side!

The market is a lot of fun. Lets talk more after the week is over. And if you are wondering...I wasn't stopped out of anything yesterday. More on that later.

Did you all see the VIX today? that was pretty impressive. If it gets up to a 52 week high today you may as well go jump off of your balcony... Not really. NO please don't!

Strong Stocks Near Bullish Breakouts for continuation.

Here they are, no frills or smart ass commentary. Bullish stocks with my price alerts for new high breakouts. Plain and simple. If any of these breaks the following price points on good volume- I am in as long as the new high is confirmed on the day after the new high is set. These are "position trade" set ups in the classic fashion.


AMR Alert @ $41.06

NCTY Alert @ $40.00

FTEK Alert @ $30.00

DLB Alert @ $35.00

COL Alert @ $70.00

DFR Alert @ $17.00

Set your alerts and watch for the emails to roll in. If they don't, they don't. I can say no more.

Have a nice day.

Presidents Day = Nice Break From Trading

Today was a welcome holiday from monitoring my active trades. If you found frustration with the lack of market activity, you should seek professional help. I promise the markets will take their pound of flesh by and by. However, if you found your self enjoying life today, there may be hope for you and your future as a trader.

One final note for anyone who may read this post from foreign soil- I wish you a hardy "piss off!" from all the dead presidents of the US and A- Go eat some French jungle rot AKA Brie cheese