TraderMike.net Acquired by Reink Media Group
When I started this blog on a whim back in 2003 I had no idea where it would take me. It’s been quite a ride from those days when there were only a handful of stock market related blogs to where we are today. From finding MaoXian’s site and stealing borrowing his “dummy” trading style...
2011 Online Broker Survey
The folks at TradeWiser have just released their 2011 broker survey. I was a little surprised that E*Trade took the #1 spot but that does make me feel a little better about dragging my feet on moving my IRA away from E*Trade. (I planned to do that a couple years ago mostly because of their...
Tools of the ‘Trade’ — How I Work (2011 Version)
This is an update to the post I made back in 2006. What I do hasn’t changed much but some of the tools have changed over the years. In short, the changes are: I’ve changed brokers/trading platforms — a couple of times. Schwab shut down Cybertrader and sent me scrambling to find a new place...
December 7th Recap Plus a Look at Silver and Gold
This was an interesting session, although you wouldn’t know that just by looking at the change in prices day to day. We gapped up to new 2 year highs then gave back half of the gap, rallied back up and then sold off hard late in the day to close near unchanged. This is a...
December 6, 2010 Stock Market Recap
While I’m impressed with the market’s ability to hold up over the last couple of sessions I’m not thrilled with the action. I’ve always been wary of an instrument approaching old highs on declining volume and that’s exactly what the Nasdaq and S&P 500 are doing now. This is an interesting juncture. The action over...
December 1, 2010 Stock Market Recap
The indices gapped up this morning and never looked back. It was the biggest day in about three months and an impressive turnaround from yesterday. Even better, this rally was based on some actual data — manufacturing data out of China and Europe. Several indices made new 52-week (plus) highs today, including the Russell 2000....
November 29, 2010 Recap: Is That a Bear Flag?
It was a choppy day as the market tried to figure out if it liked the Irish bailout and the Black Friday results. We finished on a high note with afternoon strength but overall the day didn’t give us much new information. The indices are still consolidating as they have been for at least a...
November 22, 2010 Stock Market Recap
After a shaky morning the bulls were able to keep the indices positive or near unchanged. So the oversold bounce that started last week is still intact. The trend table is looking better now that all of the short term trends are up or lateral but I wouldn’t sound the all-clear just yet. First I’d...
November 16, 2010 Stock Market Recap
Well it was looking like a pretty harmless pullback last week but today we got the catalyst(s) to really create some downside damage. The same old global economic/financial worries that have been plaguing the market for what seems like forever came back to the forefront today. On November 4th I wondered whether the gaps up...
November 8, 2010 Stock Market Recap
The indices haven’t done much since Thursday’s pop but the bulls should be happy about that. Price has consolidated on decreasing volume, which looks pretty constructive to me. At this point there needs to be a good (bad?) catalyst to create any kind of significant pullback. If we do sell off I’ll be looking for...
November 4 Recap: Continuation or Exhaustion Gaps?
We had some very interesting developments today as a lot of indices broke through multi-month resistance levels on good volume. I must admit that I’m surprised at the timing of this move. If it was gonna happen, i would have thought it would have occurred yesterday post-Fed and election results or tomorrow, post-jobs data. My...
November 1, 2010 Stock Market Recap
We’ve got a big week ahead of us with election results and a Fed (non?)decision hitting Wednesday and payroll data on Friday. The Nasdaq and S&P seem to need some catalyst to get through the resistance of the spring highs. Perhaps one of this week’s news items will give us some direction. My guess is...
