tag:blogger.com,1999:blog-85209805460430060882011-10-04T18:02:11.517-04:00Direxions X3 ETF's are the super-est ETF's evar if not also a huge pain in the butt.Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.comBlogger631100tag:blogger.com,1999:blog-8520980546043006088.post-85629223279980897462011-03-13T12:45:00.001-04:002011-03-13T12:45:49.495-04:00

One of my favorite blogs (ricefarmer.blogspot.com) is down for the count with the current mess in Japan.  I'm not entirely sure of the outcome as the situation in Japan being hit with a triple whammy of energy crisis, natural disaster and a food shortage is causing a lot of headaches for the feller running the site because he lives in Japan.  So in an effort to keep scanning for news I have spent

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-42281497598535224782011-01-29T00:25:00.000-05:002011-01-29T00:25:49.055-05:00

The world media regards the middle east (what the fuck does that mean honestly) as sacrosanct, much like the catholic universe looks at an old man in a dress groping little boys from the Catholic church.   To be honest there is noting to be done about it other than suing someone. Since the universe isn't comprised of Irish Catholic lawyers or Jewish Warriors, I'll split the difference.  I'm

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com3tag:blogger.com,1999:blog-8520980546043006088.post-30322399856936336332011-01-05T14:14:00.000-05:002011-01-05T14:14:16.535-05:00

RSI is in a severe trench and my trade station is going off like a bell.  Trying to dig up some DD on AIB but nothing seems to be out there.  Volume is low on it.  It's a gamble.  Last time it was this low the entire market collapsed in 2009, but like everything else the government stepped in and reinflated the market like a balloon. I am so very tempted to see dump a bit of dosh into this just

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com3tag:blogger.com,1999:blog-8520980546043006088.post-59212683256819794722010-10-14T23:58:00.000-04:002010-10-14T23:58:55.181-04:00

As a kid sometimes I would jump into the ocean with friends and swim, just swim out to sea.  The saltwater getting up my nose making things taste weird for hours.  The kelp scraping my leg making me imagine some sea beastie coming to eat me.  And of course the usually semi-hypothermia that takes any idiot stick swimming in Atlantic waters weighting in at 80 pounds of 10 year old.  None of the

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com1tag:blogger.com,1999:blog-8520980546043006088.post-2563369019385641502010-06-06T19:08:00.002-04:002010-06-06T19:12:27.421-04:00

I honestly wish there was some good news.  But projections on the oil spill by the time they tap two or fifty pipelines to only let 2,000 – 3,000 barrels spill into the Gulf and by default, the Atlantic.  To be honest nobody is quite sure.  From the news report I’ve read the “leak” with the cap on it is ONLY leaking around 19k to 45k barrels per day. So by the time they get their shit in gear

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-80758680081345559222010-06-03T09:22:00.001-04:002010-06-03T09:22:27.086-04:00

  This doesn’t concern the ETF traders of GLD (the usual capital gains are applicable), however this morning there was an excellent article on the taxation of physical gold on Zero Hedge.  To be honest I had NO clue that there was such a thing on the physcial gold market.  I guessed it worked like currency as paper forex profits aren’t taxed, like GLD/UDS – GLD/CAN – GLD/GBP, etc.  However the

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-6528177007864465122010-05-28T02:38:00.001-04:002010-05-28T02:38:29.949-04:00

It’s usually used to bully the price of gold around and it’s VERY much a manipulated metal however, it is a currency.  I’ve talked about a couple of Proshares offers before.   Specifically ZSL, that is the BEAR form of the Silver index the company Proshares offers.   There is also AGQ.  This is the BULL form of the Silver index from Proshares.   I am going to buy AGQ tomorrow.  It’s in a

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com2tag:blogger.com,1999:blog-8520980546043006088.post-44903336447742435682010-05-27T20:34:00.004-04:002010-05-27T20:43:32.647-04:00

I love this clip, I can't tell if it's a skit or just two people in a talk show coming to the realization that the economies of the world are whacked out of their goddamn minds. This one involves Hugh Hendry tearing an IMF apologists nuts sack through his eye socket. Listen for the IMF piece of shit professor drop the truth of the euro situation accidentally. Personally I though Mr. Hendry

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-71713895349610522512010-05-04T00:31:00.001-04:002010-05-04T00:31:07.582-04:00

Recently I’ve been rambling in MSN with one of my geek buddies I’ve worked with on the occasion.  We throw out ideas on what the hell is going on in world.  Both of us come from completely different backgrounds.   Sly is a sane, old, built like a tank, gay, introverted Buddist Quebecois guy that is a proud communist party member.  (yes there still is a Communist party in Canada, it’s like a big

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-34917976986021664672010-05-02T10:59:00.002-04:002010-05-02T12:43:17.606-04:00

Short sales require shares to be available and sitting in margin on someone's account, sometimes they just loan the owned stock out (depends on the brokerage).  Since people seem to love leveraging their trades on credit/margin for some ungodly reason. It's important to understand that when people leave no instructions on their stocks the brokerage will loan them out for short sellers to create

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-21790298566368241972010-05-01T10:22:00.001-04:002010-05-01T10:22:18.695-04:00

  So I’m assing around last night (using the stumble toolbar) and doing a random look around and I bump into dontevenreply.com.  I ended up sitting on it for an hour pissing my pants laughing.  The premise is the guy is incredibly bored and reply’s back to ads he sees on craigslist and Kijiji.   The one that got me hooked is someone looking for a caterer to come in and provide supper for

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-1261836225630152732010-04-28T19:39:00.001-04:002010-04-28T20:20:28.814-04:00

The photo to the left is a picture of the typical day trader getting mobbed by teenage girls.  God I could count how often this has happened on a lepers fingers.  It's all part of the lifestyle of eating hot pockets, wearing a ratty (yet comfortable) bathrobe and listening to CNBC/NPR droning on in the back ground.  We do it for the chicks, the glamor and the money. So with that, I found a new

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-44785990958536292892009-12-28T13:21:00.001-05:002009-12-28T13:28:10.574-05:00

Over the last year China and the rest of the known universe have been pushing to kick the USD off it's podium as a reserve currency.  Well it looks like this is the future as the reserve currency if it's true which I can say for a couple of reasons it won't be. A gold bug's nightmare?  Or a little CGI action? The first thing that needs to happen is to seize gold bullion.  In more recent times

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-49023038845743040112009-12-03T21:12:00.001-05:002009-12-04T08:41:25.384-05:00

I mentioned this in the channel earlier in the week, most of the doughhead analyst's out there usually report on one source.  THE ONLY SOURCE for mining information.  As far as I know and understand.  The rest are just company shills paid to take your cash. The Northern Miner.  Seriously want a place that won't stick it in your ass with regards to oil, copper, gold, copper.  Have a look see. Go

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-87588906862683512322009-11-19T17:22:00.001-05:002009-11-19T17:42:49.428-05:00

When I first started investing the biggest thing I ever heard of in Canadian stocks and mining history was BreX.  It was a phenomenon unlike anything in the history of gold mines. The story goes Bre-X decided to start doing some gold speculation in Borneo, in order to do this they needed a geologist.  So they hire this guy by the name of Michael de Guzman hired by the owners of Bre-X.  Guzman

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-89554947934046041032009-11-19T15:06:00.000-05:002009-11-19T15:06:59.021-05:00

One of the penny millionaire spam pieces hit my mailbox after getting back today, it had the usual shill pieces on picking up some enormous piece of shit OTC stock pick that would net my 6.9%.  Wow?  6.9% eh?  How long would that take?  Twenty years, I'm guessing.  It did have a neat piece of history embedded in it though.  I've cleaned it up a bit removing the stock references the newsletter is

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-19976019280669546662009-11-19T00:09:00.001-05:002009-11-19T00:13:02.980-05:00

To crush your enemies, see them driven before you, and to hear the lamentation of their women. If I were a pre civilzation man I would say absolutely, that and punching camels.  It's been a good week.  Monday was great, rode TNA up on the wave.  Tuesday was a slog playing ranges.  Brutal, like waiting for a bus to show up, except you get $100 everytime you ride.  Today was solid.  Again though,

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-58021964266077856762009-11-16T13:47:00.001-05:002009-11-16T13:47:49.128-05:00

The usual tomfoolery and flim flam is on CNBC.  I cannot believe how big of a bounce the market it's taken. I'm looking at ZSL right now. I've been in and out of TNA.  Bought at 42.04 this morning, sold at 43.37.  Tried to repositioned at 43.25, flipped at 44.00.  Tried to get in at lunch kept getting stopped out on my buy price three times.  Otherwise I'm done flogging TNA.  Oh yeah, did one

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com2tag:blogger.com,1999:blog-8520980546043006088.post-54684977116760394592009-11-16T11:15:00.000-05:002009-11-16T11:15:55.600-05:00

I'm checking it out and I'm astonished at it's fall.  It's in that range of buy me right now when reviewing the technical data around it.  The leveraged decay is built into the price and I'm going to see what it looks like around 2 o'clock.

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-13208806237334112202009-11-16T09:31:00.000-05:002009-11-16T09:31:59.350-05:00

Even in Premarket the S&P rez of 1100 is slightly off it's morning high.  Personally I think we'll break the magic number as we have in the past.  Next point on the S&P appears to be 1120.  Unfortunately it's about as tough as knife wielding, dancing, jazz hand Italian west side gangs.  While we understand it's tough as nails, we all ready know a three year old with a whiffle bat will be by and

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-58132882844041588122009-11-13T08:36:00.000-05:002009-11-13T08:36:49.012-05:00

I love ETF's, they have the best way of amplifying bubbles.  Since most traded ones are leveraged, the leverage on them tends to show purposefully what is happening in a particular sector.  Regardez la chart, oui oui! . This is DGP from inception to now, it's not a very old ETF like most of them.  But it shows exactly how stupid people are with gold as an investment.  See the far side when it

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-70914541683610998702009-11-10T12:20:00.001-05:002009-11-10T12:47:12.074-05:00

Grrrrrrr.  Back from a meeting with one of my older clients and I'm finding myself immensely frustrated at that state of Linux as a business solution provider.  A common mistake I've seen in the last 10 years of Linux coming up in the world is one thing, a total lack of business acumen. It is obvious that Linux will move into the office space sooner or later as a real solution after it addresses

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-70236038161644193952009-10-21T23:47:00.000-04:002009-10-21T23:47:13.632-04:00

I shall announce this once and only once... Earth Wind and Fire is the finest R&B/Disco band ever.  If you don't believe my drunken prattle (because it is late and the pints are going down easy during and after the pub), listen to the finest song every performed.  Any woman can be swooned by this song and the crazy ass outfits these lads are wearing should be given a thumbs up.  Only real men

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-91594014183052206062009-10-20T14:38:00.005-04:002009-10-20T14:41:33.351-04:00

.

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-55963561987710747232009-10-16T12:05:00.000-04:002009-10-16T12:05:58.685-04:00

This is some of the most interesting advancements in robotics I have ever seen.  The prosthetic applications are unreal.  Instead of using conventional swing locomotion it is developed to fit the shape of the requirement or action that needs to take place.  Say you are a contractor, in theory if the tech gets advanced enough, the prosthetic could be an entire tool kit.  Since it's all dealing in

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-32984224301734382032009-10-16T08:11:00.002-04:002009-10-16T08:11:52.690-04:00

http://www.silverbearcafe.com/private/06.09/economics.html Economics Innocent Bystander It is the month of August, on the shores of the Black Sea. It is raining, and the little town looks totally deserted. It is tough times, everybody is in debt, and everybody lives on credit. Suddenly, a rich tourist comes to town. He enters the only hotel, lays a 100 Euro note on the reception counter, and

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-22348734515683835782009-10-06T15:22:00.000-04:002009-10-06T15:22:28.192-04:00

Another newsletter I'm not sure how or why I receive it, but it's a funny read, well if your humour is dark enough. I'm off all week BTW. =========================== World War III Anybody? When Alan Greenspan predicted three percent economic growth showing up in the reported figures for the third quarter of 2009, did he mean executive compensation packages? Maybe the lesson here is: don’t ask

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-76575395752303366312009-10-05T08:33:00.000-04:002009-10-05T08:33:47.148-04:00

Looks like the x4 margin leverage game is over.  FINRA has had it with the longs holding x2 and x3 expecting that there were guarentees to them when in reality math was against the holder the whole time.  All I can say is, about fucking time.  I pulled this off seeking alpha.  I'll update if I can find the pdf on the FINRA site. ================================= The Financial Industry Regulatory

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-28650752724596101662009-09-27T10:25:00.003-04:002009-09-27T10:29:23.594-04:00

Someone asked me earlier this week how does shorting work...well, Mr Khan on youtube has one nice, simple explanation. Trying to find shares to short is tricky. Someone has to have the stock available in their margin. Listen carefully to Mr Khan. From my shorting experience I have had people panic and sell under me, I do make a profit but not nearly as much as I would have.

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-57155915203050690862009-07-26T09:24:00.006-04:002009-07-26T09:31:01.335-04:00

For years I've bought stuff from classifieds and for years I've sold stuff in classifieds. I'm starting to notice that a lot of sellers lately aren't thinking about what they need to do to sell their stuff. And of course the flip side, buyers are occasionally a little weird about how they approach a purchase.As a seller I have been guilty of a couple of things. Mainly being fixed on my offering

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-49847173978151163392009-07-24T09:44:00.001-04:002009-07-24T09:56:04.145-04:00

My girlfriend's son asked me this about a week ago and the answer that I came up with was pretty easy. Don't. While most of the money he's piled into his piggy bank has been gifted (Xmas, Easter, B-Day's) or odd jobs (dog walking). I'm positive I wouldn't risk a nickle at 14 investing into anything. While a buy and hold fanatic would blather on about how the market holds, blah, blah, blah. I

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-50913052724149835202009-07-17T11:51:00.000-04:002009-07-17T11:58:18.882-04:00

I haven't got much time today so here' sthe run down.   California baby banks UCBH and PCBC are two of my picks today.  entry under 3 for PCBC and UCBH it's 0.98-1.01

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-8647348946005603302009-06-24T15:32:00.000-04:002009-06-24T15:33:19.374-04:00

Here's the weird thing about oil futures.  The entire year...THE ENTIRE YEAR relies on one day.  July 4th.  Well July 3rd and July 5th really.  But those three days in any given year give the definition of the rest of the year in regards to what oil prices look like, well,  next to a war in OPEC country.   Why?  Because it determines the shape of how people spead their extra cash..  With

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-51345987667571650962009-06-16T08:33:00.003-04:002009-06-16T09:26:10.468-04:00

Okay, some of you may have recieved something called a "mini-tender". Here is what the SEC has to say about these "mini tenders""Mini-tender" offers – tender offers for less than five percent of a company's stock – have been increasingly used to catch investors off guard. Many investors who hear about mini-tender offers surrender their securities without investigating the offer, assuming that the

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-85826924989141111542009-05-17T17:42:00.002-04:002009-05-17T17:53:33.725-04:00

Humans are as predictable as a dog on a leash. Sooner or later they'll shit in their own yard. Apparently a bunch of Nigerian terrorists blew up a couple of pipelines. Some of their OWN pipelines. Man Africa is fucked.http://www.baltimoresun.com/news/world/sns-ap-af-nigeria-oil-unrest,0,2528734.storyLink is here.Watch the junior pit traders going batshit insane jacking up the price of oil

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-41107310961241277072009-05-04T10:59:00.000-04:002009-05-04T11:00:05.270-04:00

Copy from a post a wrote in DXO..   ---   Like an ETF, Exchange Traded Notes that are leveraged fall into the same trap and carry the same risks as a leveraged ETF ignoring that is a little silly... Okay Powershares has $1m of investor money and borrows $1m of additional money to invest $2m in Oil futures. After six months, the index appreciates 10%, and then the fund has $2.2m in assets

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-47764066678761514382009-04-28T11:23:00.000-04:002009-04-28T11:24:06.299-04:00

If I were supreme ruler of the world, my first proclaimations would be in this order.  Shut down CNBC and by proxy Jim Cramer, then ban all AH and PM trading and extend happy hour to "always".  While people assume AH and PM is a litmus test of what the market is doing.  It's not.  The volume is so low and the pricing floats in the range of delusional and criminal, I'm surprised nobody in

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-14283985692400675442009-04-26T08:27:00.001-04:002009-04-26T08:28:54.345-04:00

It's time for the fiat currency printing game again. The US Government will again trot out news that is suspect on their recent stress tests that should give pause to any investor.or trader. While on the surface it appears the fortune 500 banks are appearing stable and somewhat profitable. The problem is the profits were never really profits to begin with for a couple of reasons. Currently

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-71492775705878578832009-04-22T22:25:00.002-04:002009-04-26T08:32:13.257-04:00

FAS and FAZ are trader crack. You have XLF at 1x, with is a regular drug like xanax or marijuana. Then you have UYG at 2x which is cocaine mixed with some meth. But that wasn't good enough, so Direxion made the crack of ETFs: FAS and FAZ. People start trading them at first because they think it's cool; they only do it somedays and they always sell out at the end of day. But then they start to

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-4676620804602776972009-04-21T09:48:00.002-04:002009-04-21T09:56:52.103-04:00

I'm going to ignore the fact that people can buy bullion and coins. While I appreciate a refined shiny rock, this blog is about ETF Hell. In this specific case the gold ETF's are not X3. All the Gold ETF's that I've found so far dealing with gold are only X1 and X2, while theyseems nominal as a traders tool, it is safer (like trading a nuclear weapon for a hand grenade is safe). At least with

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-480300294327431702009-04-20T13:18:00.002-04:002009-04-20T13:21:38.027-04:00

It's Water by the way...here's the link Apparently over populated areas of the world are noticing a lack of usable water because the over populated ares are drinking it all or crapping in it. How odd? Strange thing is the article is written by the Chairman of Nestlé.http://www.foreignpolicy.com/story/cms.php?story_id=4853

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-24046612174188549802009-04-03T08:50:00.000-04:002009-04-03T08:51:05.376-04:00

This stock is just awful which for me is good. Unfortunately it's awfulin a lot of bad ways. Namely it's getting delisted which is just asgood as BK'ed. Normally if I was looking for an awful stock to do apenny flip on it involves an awful EPS and it's price must be reallydamn close to it's 52 week low price. So what does this leave anyone?Not much unfortunately. There are still people

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-1412436571082932242009-03-28T21:40:00.007-04:002009-03-29T08:53:29.306-04:00

Checking out the mailbox and running this blog seem to generate a lot of things.Some really cool people I've met and chatted with all over the world.Generated some fantastic ideas to try out.Spam, lots of spam. Near as I can figure, if I was a email spam guy I would combine all the worst aspects of email marketing into a super spam into one message. It would be for an undefined service of a

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-21848033572948237142009-03-24T15:42:00.000-04:002009-03-24T17:09:01.343-04:00

Apeing this from some guy in the FAZ/FAS groups about some poor schmuck caught in a really bad trade position (upside down and inside out on X2 margin, good lord there has to be a law):Gentlemen (and Ladies!), welcome to FAZ.First rule of FAZ is you do not talk about FAZ. Second rule of FAZ is YOU DO NOT TALK ABOUT TRADING FAZ! Third rule of FAZ, someone yells stop limit, FAS Hammer, TRIN down,

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-61947674799184310062009-03-23T20:01:00.000-04:002009-03-24T06:45:23.556-04:00

It was one of the biggest rallies I've seen in three months which really wasn't that hard. With the market taking a shit kicking it would have taken a medium sized hedge fun to buy up the market today considering most individual investors are still holding the bag for most of their portfolios. (that's who the media like to label as smart money waiting on the side btw)However trading from charts,

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-68246668296923274872009-03-22T10:43:00.000-04:002009-03-22T10:44:55.518-04:00

One of the best damn posts I've seen on the mess we're all in so far

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-88514784164656562632009-03-22T08:05:00.000-04:002009-03-23T08:18:33.260-04:00

...insert badly, overused metaphor here. Geithner is speaking after market close tomorrow (correction market open), I think it has to do with Bernanke giving the Geithner the media pariah kiss of death. Three months ago Bernanke was treated by the market as if he had an STD, now somehow he seems wizened, not sure why. He's still spouting the same nonsense and his new hand puppet Geithner

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-37985527615683681192009-03-17T04:48:00.000-04:002009-03-17T04:49:49.561-04:00

Except pounds...euros, canuck bucks...anything really USD is oversold and now overvalued. so make sure you are trading in your US accounts back to the original currency to hold your profits.

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-56205946070511943122009-03-15T00:49:00.000-04:002009-03-15T10:48:58.891-04:00

It's not bad, I enjoy his rants and he's dead on rights to a couple of things. I do think he's started a meth lab and sampled his own goods regarding gold. I just can't see the value of a shiny rock.However here's the link, it's a good lecture. And anyone starting to try to look over the veil of the economy it's a good place to start.My favorite piece is about the automotive industry. My

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-24289088921031341492009-03-14T21:34:00.000-04:002009-03-14T21:35:24.873-04:00

Here is a picture of the Rally Monkey.

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com1tag:blogger.com,1999:blog-8520980546043006088.post-34741471893122559462009-03-12T18:53:00.000-04:002009-03-12T18:54:28.877-04:00

When markets rally like this and the crowds of Rome are full ofirrational exuberance it's time to be really really wary. The RIFINjumped nearly 100 points in four days, which is insane. It's moving sofar and so fast I literally cannot change the spreadsheet fast enough tofollow the trend. I have made an executive decision to give thespreadsheet 10 point increments so I can be lazy properly.

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com2tag:blogger.com,1999:blog-8520980546043006088.post-8236639259521992572009-03-12T18:48:00.000-04:002009-03-12T18:50:53.106-04:00

I can't stop to count how many times someone on the boards or in real life explains to me how bull or bear is their thing. If you meet one of these people on the road of life, promptly ignore them and understand being dogmatic with money is a really dumb thing to do. Trading hasnothing to do with your outlook, it all has to do with determining entries, exits, timing and discipline to ignore the

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-50503767635008479062009-03-11T18:21:00.000-04:002009-03-11T18:23:10.790-04:00

A huge reason I send people starting out in trading to a Virtual Stocksimulator like vse.marketwatch.com is because a new trader is usuallypretty skittish. Compound that with a fairly high level of risk byexposing their entire nest egg. It only makes sense in my mind thatthey get their teeth cut with pretend money. Otherwise all that happensis that general rule about 10% of traders making

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-86210461741483809142009-03-11T18:18:00.000-04:002009-03-11T18:21:21.651-04:00

I read about a lot of people that end up getting their asses handed tothem after they go "all in", while I'm pretty sure that they are doingfine sometimes, they are still leaving themselves open to risk. So I'mgoing to talk about how to manage your money if you are trading andthereby manage your risk.Okay first thing you have to do is totally ignore margin. Margin isused for two things; a short

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-24713048069083735832009-03-01T08:11:00.000-05:002009-03-01T16:22:03.560-05:00

Out of curiosity I decided to poke around sourceforge (www.sourceforge.net) and see if my hardcore nerd herd was developing anything to compete with trade station or any of the commercial platforms. Turns out there are dozens of them in various states of disrepair and a handful of them that ACTUALLY work.The unfortunate thing is most of the ones that are complete are written in Java. Which is a

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com1tag:blogger.com,1999:blog-8520980546043006088.post-53194868905031142862009-02-26T13:24:00.000-05:002009-03-01T16:24:43.562-05:00

DXO/DTO are connected at the head of it's Siamese twin OPEC and is constantly a fantastic play every time some idiot in the middle east wants to throw down, and by idiot I paint all the governments in the middle east for their actions and inaction. While the majority of the Oil we receive in North America is from Canada or Mexico. When 5% of the north American oil supply is threatened it drives

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com2tag:blogger.com,1999:blog-8520980546043006088.post-69991946747413251632009-02-26T12:43:00.000-05:002009-03-01T16:25:12.682-05:00

Palm is coming out with a new cell phone, an iPhone killer. However the announcements of new technology. Palm was relevant when Pentium 1's were around. They have tried repeatedly to get back into the PDA market space only to find it cluttered with cheaper, prettier clones. So they did the only thing they thought they could do. Palm Jumped into the over saturated cell phone marketplace where

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-9304117670396703672009-02-09T17:39:00.000-05:002009-03-01T16:27:39.007-05:00

Technology X3 Bear and Bull (TYH and TYP)Maybe it's the engineer in me that likes the whole wheat and the kid in me that loves the cheddar. Either way, I'm going to seriously be working on the spreadsheet for this ETF beastie first. I'm running the numbers right now and this is a solid play so far. Not too much decay, it's a young ETF, but I'm looking towards the possibility of a good long

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-4447653530588813912009-02-09T13:26:00.000-05:002009-03-01T16:28:00.235-05:00

Direxion has come out with a couple of new X3 ETF plays. Volume is a little low right now, which means nobody is playing the sand box. Translation. Nobody to buy and sell to. As much as these guys follow their respective Russell indexes, it's difficult to take any option to trade seriously when there are only 100 shares changing hands in a day. :-pHowever, here they are.Developed markets (

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-66031743907898174962009-02-09T11:55:00.000-05:002009-03-01T16:28:21.751-05:00

With every talking head on CNBC explaining how it's a great time to buy, it's not. Right now as an investor I wouldn't have a penny invested in a Mutual fund or the Market and stay all cash. Cash is a great option, if not the only option. However the government makes it difficult to remain in cash when the interest rates are like 0.0002%. So it drives people into risky situations that they

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com2tag:blogger.com,1999:blog-8520980546043006088.post-91846602111292102492009-02-08T21:33:00.000-05:002009-03-01T16:36:20.125-05:00

This has come up a couple of times floating around the FAS/FAZ boards. Shorting the living snot out of FAS or FAZ. Inevitably the obvious question pops up, why would you short a Bull or Bear ETF? The answer is simple. Leveraged Decay.Leverage Decay while a horrible fact for anyone holding on a long term, is absolutely fantastic for a short seller that holds long. The illustrations below

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com4tag:blogger.com,1999:blog-8520980546043006088.post-54069474720336855002009-02-08T12:34:00.000-05:002009-03-01T16:37:12.292-05:00

Har har har. I couldn't resist a dumb pun.I know there are a lots of folks that use trade station, and online services, or their own online trading platform trade system. But there are some basic things that make a traders day a lot more profitable. Most of the tools are quite basic. I am going to assume that you have internet and a computer at your disposal.1) Pencil with an eraserYup, lead

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0tag:blogger.com,1999:blog-8520980546043006088.post-39768967115215894432009-02-08T10:15:00.000-05:002009-02-26T12:08:29.611-05:00

These are only recommendations on how to approach X3 ETF's. I cannot stress enough how important it is to maintain disciple on using them. For a day-trader, these are the equivalent of a nuclear arsenal, and are just as friendly. Treat them with care and a light touch. So a good list of general rules on nuclear ETFs is needed.You don't hold them longer than a couple of hours. They move like

Chrishttp://www.blogger.com/profile/15800757267114194274noreply@blogger.com0