Author: mysterytrader@traderplanet.com

So earnings are beating Wall Street estimates, Fed policy is less hawkish, the economy is a Goldilocks (not too hot, not too cold, but just right), and stock prices are in a steady uptrend. For the bulls, it is the best of all...

A reader writes: “First time I’ve made a comment. I’ve only been trading the S&P e-mini for a couple of months and have been following your comments and those of Dick Diamond closely. I spent 20 years as an...

A reader writes [edited]: I work at [name hedge fund withheld] and have been thinking about the recent news of hedge funds blowing up. Investors were hurt, unnecessarily, because of the failure of the hedge fund manager to...

A concerned reader writes, “You must be getting absolutely crushed. The market dictates to you what happens…not the other way around. It IS overbought–but you don’t fight it.” True words of wisdom....

If OPEC cuts production, as reported this morning, that might change things in stock land a great deal. Federal Reserve Board members are dropping conflicting hints. Vice-Chairman Donald Kohn said, “The risks to my outlook...

Stock prices are indicated slightly lower before the open. The September rally may have reflected marking up prices for the end of the quarter. Once that is over, overbought conditions may encourage profit taking. Furthermore,...

Everyone says a new high on the Dow is in the bag. The market goes up every day and surely will continue to go up forever. Media commentators are bullish, bullish, bullish. Wall Street urges us to Buy, Buy, Buy! As Joe Granville...

Q2 GDP growth came in at 2.6%, down from the consensus expectation of 2.9%. The growth of the economy has turned down. The market thinks a moderating pace of growth is good—but is it? That depends on how far the downturn...

August durable orders fell 0.5% and orders excluding transportation fell 2.0%. Businesses are cutting back capital investment, and that should ripple throughout the economy. And, of course, housing is in a recession....

As Dick Diamond (indextraderblog.com) says now, “I think the market is running on fumes now and a sharp 20 point selloff [S&P 500] is right ahead of us. I enjoy trading both sides of the market but for right now my...