A Bit More Bull

Bear Mountain Bull Annex/Archives

The Market Owes You Nothing March 10, 2014

Filed under: Trading Wisdom — BMB @ 5:09 pm

This is a great post. If you trade, you might want to read it.

Added — this one’s good too:

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Market Wrap July 24, 2013

Filed under: Markets,Trading Wisdom — BMB @ 3:09 pm
Dow Industrials 15542.24 -25.50 -0.16%
S&P 500 1685.94 -6.45 -0.38%
Nasdaq Comp. 3579.60 +0.33 +0.01%
Russell 2000 1043.82 -8.38 -0.80%
NYSE Comp. 9605.06 -54.56 -0.56%
Nasdaq 100 3041.16 +9.76 +0.32%
Dow Transports 6442.17 -73.23 -1.12%
Dow Utilities 499.70 -7.80 -1.54%

View Major Index charts

Internals were negative on heavier volume. Advances/declines were 1 to 3 on the NYSE and 2 to 3 on the Nasdaq, with up/down volume 3 to 8 on the NYSE and 4 to 5 on the Nasdaq. New highs/lows were 201/63 on the NYSE and 236/14 on the Nasdaq.

Leaders — Comp. Tech (+1.61%), Comp. Hardware (+0.97%), Software (+0.93%), Biotechs (+0.56%), Paper (+0.51%), HMOs (+0.37%), Airlines (+0.36%), Defense (+0.21%)
Laggards — Gold/Silver (-4.52%), Metals (-3.63%), Homebuilders (-2.29%), REITs (-1.99%), Commodities (-1.87%), Semis (-1.83%), Utilities (-1.56%), Natural Gas (-1.39%)

An extensive visual representation of the day’s winners and losers can be found at Finviz.com.

Treasury Yields — 6 Month: 0.05 %,  2 Year: 0.33 %,  5 Year: 1.37 %,  10 Year: 2.58 %,  30 Year: 3.64 %

Energy Prices — Crude oil: $105.18/barrel,  Gasoline: $3.06/gallon,  Natural Gas: $3.70/mmBTU

US Dollar Index — 82.290

Precious Metals — Gold: $1320.40/ounce,  Silver: $20.18/ounce,  Platinum: $1445.00/ounce

BMB Note:  
Hey, wait a minute – I think I saw some red. Cue the dip buyers. Or maybe get Ben on the phone. He needs to know about this.

And a little trading wisdom from The Fly:

It took me about a decade or so to realize when I got cold and when I was red hot. Before this epiphany, I was like many of you–stuck in the ego box of mediocrity, thinking I was right all the time.

Well, the best investors know when they suck and understand when to push the envelope. Being that my recent thought process surrounded around the idea of swimming in garbage, I’d say it’s a good time to take a step back and reset.

 

Expect To Be Wrong April 29, 2013

Filed under: Trading Wisdom — BMB @ 8:05 am

Because you will be. No matter how hard or how long you ‘study’.

“The Fine Art of Being Worng Wrong”

If you can’t deal with being wrong, don’t trade. Pick something else to do. Like weather forecasting…no, no, not that either.

Link from @BamaTrader via @Joe_in_Indiana on Twitter.

 

Market Wrap April 10, 2013

Filed under: Markets,Trading Wisdom — BMB @ 3:12 pm
Dow Industrials 14802.24 +128.78 +0.88%
S&P 500 1587.73 +19.12 +1.22%
Nasdaq Comp. 3297.25 +59.39 +1.83%
Russell 2000 946.09 +16.75 +1.80%
NYSE Comp. 9189.03 +100.65 +1.11%
Nasdaq 100 2859.21 +54.54 +1.94%
Dow Transports 6181.33 +108.47 +1.79%
Dow Utilities 521.25 +3.92 +0.76%

View Major Index charts

Internals were positive on better volume (we don’t ever see ‘heavy’ volume anymore). Advances/declines were 3 to 1 on the NYSE and 15 to 4 on the Nasdaq, with up/down volume 3 to 1 on the NYSE and 17 to 3 on the Nasdaq. New highs/lows were 319/7 on the NYSE and 174/13 on the Nasdaq.

Leaders — Network (+3.96%), Biotechs (+2.69%), Broker Dealers (+2.26%), Semis (+2.15%), Software (+2.15%), Internet (+2.04%), Comp. Tech (+1.85%), Retailers (+1.71%)
Laggards — Gold/Silver (-3.41%), Hospitals (-2.32%), Metals (-0.32%), Commodities (-0.28%), Oil (+0.11%), REITs (+0.64%), Homebuilders (+0.68%), Natural Gas (+0.73%)

An extensive visual representation of the day’s winners and losers can be found at Finviz.com.

Treasury Yields — 6 Month: 0.09 %,  2 Year: 0.23 %,  5 Year: 0.73 %,  10 Year: 1.83 %,  30 Year: 3.09 %

Energy Prices — Crude oil: $94.52/barrel,  Gasoline: $2.87/gallon,  Natural Gas: $4.08/mmBTU

US Dollar Index — 82.504

Precious Metals — Gold: $1558.60/ounce,  Silver: $27.66/ounce,  Platinum: $1525.00/ounce

BMB Note:  
It’s been a ramp job off Friday morning’s lows, now sending the S&P to new all-time highs.

I think Scott’s got this one right:

We haven’t been doing much trading lately — mainly sitting and waiting for the pitches to fatten up a bit – either up or down. With the market, you just don’t have much choice than to take what comes along. Kinda like Dave Landry said in his ‘random thoughts’ this morning:

As traders, we are forced to play the hand that is dealt. I don’t want to short and I don’t want to go negative on you—I was going to be a pessimist but I figured it wouldn’t work out. You take what the market offers. You take what you get and don’t throw a fit. Hopefully, waiting for entries keeps you out of new bad positions and then stops mitigates the losses when they don’t. Survival is key. You have to stay in the game long enough to catch the next big trend. This is easier said than done.

 

Top 2 Topping Tips February 22, 2013

Filed under: Markets,Trading Wisdom — BMB @ 8:06 am

From Morpheus Trading — “Top 2 Trading Tips For A Stock Market That May Be Topping”:

Given the sudden reversal in market sentiment over the past two days, this is the perfect time to share with momentum swing traders our top 2 tips for managing your trading account in a stock market that may be forming a top:

 

That’s What Charts Are For February 18, 2013

Filed under: Trading Wisdom — BMB @ 8:34 am

Wisdom from Trader Dan.

 

Getting It Right February 14, 2013

Filed under: Other,Trading Wisdom — BMB @ 8:57 am

Getting it right is NOT as important as not getting it wrong. Please re-read the last sentence. Getting it right helps some but getting it wrong can be a disaster for your career, for your firm and for your client’s money.

“Getting it right is NOT as important as not getting it wrong.”

That’s a great thought — not just in trading, but in many other areas of life as well.