David: No one is right all the time, that's why I always have protective stop losses at the 50 DMA. Sure as can be I'll be on the beach in Cancun or a biergarten in Wurzburg when the next bubble breaks but my stop loss will save my assets.
On Sep 21 09:39 AM David Van Knapp wrote:
> I think this is a good gathering of data from different sources. > By your interpretation of it, you seem to be a trend trader. Be forewarned: > Many on Seeking Alpha are counter-trend or trend-ignorers, so reaching > "up" conclusions from data like this often will reap a ton of ciriticism. > Many think we're in or approaching a bubble, and to quote one typical > comment as an example, "it is insane to be long in this market right > now." I'm in your camp, I like to look at what's happening right > now and for sustainable trends.
By tight stop losses I hope you are using the 50 DMA. Tighter than than can cause premature execution.
On Sep 21 09:33 AM Pauly B wrote:
> Your right the signals point bull market for now technically. There > are a few things that concern me though and why I keep my stops tight. > > > 1. The market continues to pull away from all the moving averages. > Eventually these moving averages will "tug" the price action back > to the moving average. This is the correction we are all looking > for. > > 2. The next earnings season and the forward language these companies > use will likely move the markets more than they have this fall. > > > 3. Technically the market to watch for the equity market is the FOREX > markets to watch that dollar action. Right now all of this move is > tied to our weaker dollar.
Genworth Financial Poised to Be a Comeback Kid [View article]
I don't have a position in GNW because I never put recommendations on the internet for stocks I own. You will never, ever find me guilty of pump and dump.
Each day I try to find good investments. I can't buy all of them so I let you in on the ones I don't buy.
Dan Jacome - The particular are they are in is making radiology reprts of hospitals, clinics and imaging center. The provide a service that althought is labor intensive isn;t capital itmensive. If more individuals are covered more thest will be performed and they will read those tests. A variable cost play.
Stocks finished near session highs, up for the second day in a row on low volume going into the holiday weekend. The Dow closes +1% (+96.73) to 9441.34; S&P 500 +1.3% (+13.16) to 1016.40; Nasdaq +1.8% (+35.58) to 2018.78. Crude -0.2% to $67.80. Natural gas +9.9% to $2.755. Gold -0.2% to $996. [View news story]
I like to watch the Value Line Index because it includes over 1700 stocks. Although it was gaining toward the end of the week, it still didn;t recover all that it lost early in the week and closed slightly lower this Friday than it's close last Friday.
Eric: I think you miss a very important factor regarding the American judicial system. A jury will determine if their assuptions were reasonable. I'm disappointed in the rating agencies. I don't think they did a professional job. Any business school graduate using Generally Accepted Auditing Procedures could have done a better job
Remember that all these stocks being traded are the secondary market. We are just trading baseball cards. The will growth and capital formation happens in the IPO market, When will that recover.
Income ETFs: Higher-Yielding Investing Ideas [View article]
Gary,
Thanks so much for commenting on my article on the MSN Strategy Lab. Some of your readers asked some questions I'd like to address. I've been entering some of these online contests just to test out my theory that you can make money by closely following the market, buy what is moving now and protect your hunches with stop losses. I never sell just to make room for something that is doing better.
I use Barchart.com for my screener because it is so easy to use and I found it on Forbes Best of the Web recommendations. I buy those ETF's that increased the most last month but only if I can chart them and see that they are still having upward momentum. When they fail to stay above their 50 day moving average they are culled and if there are ETF's that meet my buy criteria, I replace them.
Since the Strategy Lab only gives me $100K to work with, I try to buy around 20 positions at $5K each. If I can't find a positions that meets my criteria I'll let that ride in cash until something comes up in my screener.
In stock long and short portfolios I use the same logic except I get my stocks off of Barchart 65 day new High/Low lists and then sort for frequency.
I don't think my theory could be used in a 100 million dollar mutual fund (you can't sail a battleship using speedboat tactics) but it can be used effectively by the average investor that wants to manage his own portfolio with a minimum of expense.
Thanks again or writing about my picks.
Jim Van Meerten The Amateur Msn.com Strategy Lab
Contributor on: MSN.com Strategy Lab Marketocracy.com SeekingAlpha.com InvestorPlace.com MoneyShow.com
Upward Market Trend Continues [View article]
On Sep 21 09:39 AM David Van Knapp wrote:
> I think this is a good gathering of data from different sources.
> By your interpretation of it, you seem to be a trend trader. Be forewarned:
> Many on Seeking Alpha are counter-trend or trend-ignorers, so reaching
> "up" conclusions from data like this often will reap a ton of ciriticism.
> Many think we're in or approaching a bubble, and to quote one typical
> comment as an example, "it is insane to be long in this market right
> now." I'm in your camp, I like to look at what's happening right
> now and for sustainable trends.
Upward Market Trend Continues [View article]
On Sep 21 09:33 AM Pauly B wrote:
> Your right the signals point bull market for now technically. There
> are a few things that concern me though and why I keep my stops tight.
>
>
> 1. The market continues to pull away from all the moving averages.
> Eventually these moving averages will "tug" the price action back
> to the moving average. This is the correction we are all looking
> for.
>
> 2. The next earnings season and the forward language these companies
> use will likely move the markets more than they have this fall.
>
>
> 3. Technically the market to watch for the equity market is the FOREX
> markets to watch that dollar action. Right now all of this move is
> tied to our weaker dollar.
Genworth Financial Poised to Be a Comeback Kid [View article]
Each day I try to find good investments. I can't buy all of them so I let you in on the ones I don't buy.
Market Seems to Be Trending Upward and Will Continue [View article]
Nighthawk May Be Ready to Fly [View article]
Bullish LT view: Trends are pointing up? [View instapost]
Thoughts on Investing in China, Vietnam [View article]
Stocks finished near session highs, up for the second day in a row on low volume going into the holiday weekend. The Dow closes +1% (+96.73) to 9441.34; S&P 500 +1.3% (+13.16) to 1016.40; Nasdaq +1.8% (+35.58) to 2018.78. Crude -0.2% to $67.80. Natural gas +9.9% to $2.755. Gold -0.2% to $996. [View news story]
Top 10 Auto Manufacturer Websites: August 2009 [View article]
Ratings Agencies Lose Free Speech Immunity [View article]
Is a Crash Impending? [View article]
financialtides.blogspo...
Income ETFs: Higher-Yielding Investing Ideas [View article]
Thanks so much for commenting on my article on the MSN Strategy Lab. Some of your readers asked some questions I'd like to address. I've been entering some of these online contests just to test out my theory that you can make money by closely following the market, buy what is moving now and protect your hunches with stop losses. I never sell just to make room for something that is doing better.
I use Barchart.com for my screener because it is so easy to use and I found it on Forbes Best of the Web recommendations. I buy those ETF's that increased the most last month but only if I can chart them and see that they are still having upward momentum. When they fail to stay above their 50 day moving average they are culled and if there are ETF's that meet my buy criteria, I replace them.
Since the Strategy Lab only gives me $100K to work with, I try to buy around 20 positions at $5K each. If I can't find a positions that meets my criteria I'll let that ride in cash until something comes up in my screener.
In stock long and short portfolios I use the same logic except I get my stocks off of Barchart 65 day new High/Low lists and then sort for frequency.
I don't think my theory could be used in a 100 million dollar mutual fund (you can't sail a battleship using speedboat tactics) but it can be used effectively by the average investor that wants to manage his own portfolio with a minimum of expense.
Thanks again or writing about my picks.
Jim Van Meerten
The Amateur Msn.com Strategy Lab
Contributor on:
MSN.com Strategy Lab
Marketocracy.com
SeekingAlpha.com
InvestorPlace.com
MoneyShow.com