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The trading wars will be won by computers,but there will always be enough fish for the skilled fisherman

Posted by Aadil on March 27, 2011 at 7:30pm

‎"Social media can do for traders what simulated computer programs do for 
wanna-be chess masters."

‎"Social media is important not only in terms of its discovery function, but also in terms of faster development of talent. It accelerated the learning curve and it produced hundreds of new great traders. "

 

http://ivanhoff.com/2011/03/27/social-media-and-the-creation-of-better-traders/

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Classic Retrace In Progress (NASDAQ:AMZN) (NYSE:GS) (NYSE:JPM)

Posted by Aadil on February 28, 2011 at 7:27pm
The markets are fading off the highs of the day as lingering global fears persist. In addition, this is a classic retrace back higher after the major drop last week. A retrace states that after a significant two or more day move, the market or stock making the move will jump in the opposite direction but stay inside the original move. After the retrace completes, the market or stock heads back in the original direction.

After putting in a major pivot top last week, the markets fell for two or more consecutive days. After a bounce on Friday and initially today, the markets have started to slowly fall again. Is this a classic retrace over the last two trading days? Is the market going to start to move lower again? It is possible.

There are some major stocks showing weakness today. Amazon.com, Inc. (NASDAQ:AMZN) is dropping sharply, trading at $172.31, -4.93 (-2.78%). In addition, the financial sector has turned to the negative side, leading the markets off their highs. Goldman Sachs Group, Inc. (NYSE:GS) is trading at $164.27, -0.50 (-0.30%) while JPMorgan Chase & Co. (NYSE:JPM) is trading at $46.52, -0.16 (-0.34%).

The next few days will be pivotal in terms of seeing if this retrace back up is just a setup for another move lower. Continue to watch the 52 week highs on the S&P 500. To gain more market guidance, swing trades and education, join the Research Center. Take a free trial today.

Gareth Soloway
Chief Market Strategist
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Nearly every trading day since late August 2010 the dip in the stock market has been bought.

Posted by Aadil on February 22, 2011 at 10:41pm
Many professional traders and investors suspect that the large major banks buy the major stock indexes just before the Federal Reserve Bank initiates their daily permanent open market operation (POMO). It is suspected that often the large major banks such as J.P. Morgan Chase and Co.(NYSE:JPM), Bank of America Corp.(NYSE:BAC), Wells Fargo & Co.(NYSE:WFC), and Citigroup Inc.(NYSE:C) simply buy the market leading stocks such as Apple Inc.(NASDAQ:AAPL), Exxon Mobil Corp.(NYSE:XOM) and others which help to inflate the stock markets and cause rallies nearly every trading day.
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