
Past the Point of Rescue?

A month ago I made a case for shorting the Trannies via the $IYT north of $145. As it squeezed above $148 I triggered another trade for an average position of $146.6. […]
What a week! Good trades were to be had yet, at the end of the week, nothing had happened. In my writings about the markets regular readers will have observed that I […]
It was a good trading week as it provided some glimpses of volatility and some tradable up and down action. Yet it was hard not to find the news out of Iraq […]
Each mania has unique characteristics yet each mania has common elements. The single most defining element of a mania are the attempts at rationalizing its existence and the denial of its presence. Not to […]
Despite playing a bear on twitter for a while now I’m primarily a trader who seeks out good risk/reward entries and exits. I can’t influence the macro and so there is really […]
That humming sound you hear is not the collective buzzing of bees enjoying the warming spring weather it is the groaning of traders trying to gain an edge in a directionless and very […]