A Trade A Day

Time to review the current open trades featured on this blog.

The AMTD trade featured on September 10th is still open, but going nowhere. My stop is still around 17.25. The trade has a slight profit and the trend of the stock is up. For now I’ll leave it open.

The FCX trade is still open, but FCX has gone parabolic and is flashing an avalanche. What’s an avalanche. You can find an explanation at Toni Hansen’s online trading blog. Here’s the
FCX Avalanche.

TNH and CSCO are both moving well.

The AGU trade is moving well too.

The GT trade has setup.

The NILE trade hasn’t setup yet. But the bull flag is still valid.

Ok, we’re up to date. Have a great week!

No Comments yet »

I love this video.

Not to get too serious, but I think it is an accurate portrayal of how horribly people can treat each other online.

No Comments yet »

Special thanks to deep market’s links for free. I now have a link on Reuters and Foxnews.

Go ahead, someone burst my bubble now.

2 Comments »

Time for another edition of link love Friday.

Leading off is an article at chrisperruna.com. Chris has a nice 1-2-3 setup in CHLB a la Trader Vic. I’ve read Victor Sperandeo’s Methods of a Wallstreet Master. It’s a great book with some profitable strategies. I still trade Vic’s 2B’s and 2T’s on occasion. If you haven’t read it, I highly recommend the book.

Feed the bull reports that the NYSE will be closing two more trading floors. I’m sure in no way is this related to the USA Today article about how European firms are ditching the NYSE. I’m sure the big board has a lot of life left in it. Eventually it will go completely electronic.

Next one is a two for one. Million Dollar Journey has an excellent two part article on how convertible bond arbitrage works. Here’s part II. Now you have no excuse!

Want a free link? Deepmarket is offering a free link just for leaving a comment!

Need more link love? Ok here’s one more.

My Trader’s Journal has an excellent post on how to read an options table. A must read for trading options..

2 Comments »

I found this article from 9/23 in USA Today that is worth a read. Big foreign firms bid adieu to U.S. markets

According to USATODAY:

Already this year, 34 foreign companies have delisted from the New York Stock Exchange, and nine more have announced they plan to do so, says the exchange. That tops the 21 foreign companies that have joined the NYSE this year. Another 20 have said this year they plan to leave the Nasdaq or have done so already…”There are companies lining up to exit U.S. capital markets,”

Ouch! Less trading opportunities for you and I. Anyone trade on the Euronext? I’d be eager to see what the fills are like. Quite honestly with 10K+ in stocks to trade in the US, I probably will still be able to find trades.

3 Comments »