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PalmBeachTrader

PalmBeachTrader
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  • Is The Fed Altering Asset Prices? [View article]
    I have to think that the market is being altered, especially watching the price action in the Russell. We broke out of a massive top with strong resistance in the 1082-1090 range, and it destroyed it. That is NOT normal market operations, and it looks extremely suspect in my eyes. It may just be short squeezes, but I am out of this market until I see a more definitive direction, as I got pounded with the last move.
    Oct 23, 2014. 10:00 AM | 1 Like Like |Link to Comment
  • Recent Market Weakness Presents Opportunity In The Oil Patch [View article]
    Long WLL. The consolidation has been frustrating, but the prospects are just too good for this.
    Aug 12, 2014. 01:09 PM | Likes Like |Link to Comment
  • Oversold Everywhere [View article]
    But, based on past history...the odds would be in your favor of another rally
    Aug 11, 2014. 04:40 PM | Likes Like |Link to Comment
  • Oversold Everywhere [View article]
    No, that's true. Eventually, it will drop. Maybe at the 168 Fib extension? That puts us around $2140 or so?
    Aug 11, 2014. 04:39 PM | Likes Like |Link to Comment
  • Did Monday's Rally Change Much? [View article]
    Watch the Russell. When it hits the 200 day (around 1140 or so), time to jump back short.
    Aug 5, 2014. 10:17 AM | Likes Like |Link to Comment
  • Retirement Strategy: Is It Time To Dump Everything? [View article]
    Fear and Greed at a 5 right now
    Aug 4, 2014. 11:18 AM | Likes Like |Link to Comment
  • The Day I Sold Everything [View article]
    Um, what else do you have to go by? If you are charting based on emotions and gut feelings, you need a new system. Are you an insider? Do you think all the financials of these companies are legit? All I have is price, and what price is doing. That is what the market says something is worth. You can scream about valuations all you want, but there won't be a downturn until the market says there is, and charts are all I have to measure that. So, yeah, um...
    Jul 25, 2014. 04:59 PM | 10 Likes Like |Link to Comment
  • The Day I Sold Everything [View article]
    So, if I am reading this right, KO looks toppy (which it doesn't) and you are feeling the jitters. So you sold everything. Got it.

    If the market is in an uptrend, I always thought that meant we were in a new bull market. When (if) are you planning on getting back in? What if earnings continue to improve, and the shale boom continues, and we continue to climb a wall of worry on cheap money?
    Jul 25, 2014. 03:14 PM | 6 Likes Like |Link to Comment
  • The Day I Sold Everything [View article]
    "As opposed to ?"

    Um, charting?
    Jul 25, 2014. 03:11 PM | 19 Likes Like |Link to Comment
  • Trouble Looming In The Market... [View article]
    Vitonious, what do you think happens in bull markets? We stay overbought for a long time. If this channel that the S&P has been in since 2012 breaks, then I will be short, but until then, enjoy the ride.
    Jul 23, 2014. 11:10 AM | Likes Like |Link to Comment
  • Trouble Looming In The Market... [View article]
    The IWM is range bound after a huge run up. We did break a TL, and the PE's are elevated in small caps, but other than that, the S&P is still super strong. Until the charts tell me otherwise (and they will), why fight the trend? What are you going to do when the Russell plays catch up and screams up to 1250? At that point, I agree, time to sell. Or if we break 1100 on a weekly chart. Bears keep trying to call a top, and the best shot they had was in the beginning of the year. Now, until the charts read otherwise, find the best stocks with the best charts, and stay long. It is a fool's errand trying to pick a top and short this beast...at the moment.
    Jul 22, 2014. 12:06 PM | 8 Likes Like |Link to Comment
  • Macau worries plague casino stocks [View news story]
    a "dumpling top"? LOL
    Jul 8, 2014. 11:21 AM | 1 Like Like |Link to Comment
  • Sell In May? No Way! [View article]
    To me, the correction in the S&P has already occurred. Going sideways for 5 months (and down 10% in the RUT and NAS) seems to have set us up for another run higher.
    Jun 4, 2014. 12:19 PM | Likes Like |Link to Comment
  • Why Payments Can't Save eBay [View article]
    Great call. Or not. After consolidating for two years, the breakout that just happened is going to demolish shorts.
    Feb 28, 2014. 01:32 PM | Likes Like |Link to Comment
  • Dip Buying Riskier Now Than In 2013 [View article]
    Ugly close today!
    Jan 31, 2014. 04:32 PM | Likes Like |Link to Comment
COMMENTS STATS
65 Comments
117 Likes