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Author: mysterytrader@traderplanet.com

The market is its own master

Every time I hear or read that a market “has” to do something, I think about the consequences if it doesn’t behave as expected. The market doesn’t have to do anything, no matter what the fundamentals or...

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Go home flat every night

Subprime credit market news bombs keep on exploding– even from across vast oceans. I don’t see any place to hide, so I might as well just jump into the vortex. Where there is great volatility, there is great...

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Showing Resiliance

Looks like an upturn for stocks. Buying on dips is starting to work better. The market still could be vulnerable to bad news (credit crunch, subprime mortgages, hedge fund blowups, etc.), so it is very important to stay nimble...

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Get a grip.

The stock market seems to be trying to get a grip. Extremely oversold. The first bounce after such a severe rout is usually limited, however. After that, a test of the low would be...

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Still on the Defensive

Some will be talking “oversold” by now, but momentum is pointing south, with no clear end in sight. This is not a place to become overly bearish, however. Stay flexible and...

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On the Defensive, Short Term

People say the stock market now looks like it did in February. That correction took three weeks to work itself out fully. History repeats in a general way, but not in a detailed way. There are lots of variations. It is a good...

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“triple sell”? What the hell?

A very big investment bank reportedly issued a “triple sell” warning on European equities for the first time since the dotcom bust. It reportedly said it expects a 14% correction in European equities over the next...

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Time for a Pullback?

Anybody who made that call has been wrong! So, why would anybody in his or her right mind do it? Because “No tree grows to the sky,” that’s why. The rally is losing steam and is overdue for a correction. Sure...

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the path of least resistance

This bullish price runup remains unusually persistent. Although it may seem a bit overbought, the stock market’s path of least resistance is obviously up in all time frames. That does not mean that a shakeout at anytime is...

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