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Yesterday's consolidation didn't change anything on the broader picture. Monday's bullish gains still hold as dominant until proven otherwise. Today's post looks at what is going around the Blogosphere.
Timothy Sykesoffers his usual low key assessment on Yahoo!s decision to removed date/time stamps from its posts. I cannot agree more with him... dumbasses. Maybe this is a strategy to scare off Microsoft.
Abnormal Returnsis my first port of call to get a working list of articles to read for the day. TraderMikeis my second, although he is on vacation. And Charles Kirkwhen he publishes his linkfest (also on vacation).
24/7 WallStreet hvae the 25 most valuable blogs. Wouldn't mind a slice of that pie, although somewhat depressing to see a (hypothetical) range from $860,000 to $150 million across the 25. Oh to be numero uno on that list.
Datawink has an excellent chart analysis tool. Bullish prognosis for Intel. But JPMorgan Chase & Co. is a no-no.
Bill Carahas an extensive summary of Wednesday's action.
Travis asks if "Commodity" is going to be a bad word again? Commodity bull markets can last for up to 35 years, the current one is still in its early stages - so even if the short term picture looks rocky, the long term picture should be fine. The next test of 200-day MAs/40-week MAs for the likes of Oil, Gold, Grains, and Copper will likely kick start the next (substantial) leg of the rally.
Bill Rempelhas an extensive article on impacts of market performance over the past 10 years have little bearing on how the market performs over the next 10 years. Headline chartshas gone long the market as of March 24th.
Stock Trading to Goexplains why the Oracle miss is important over and above the Plain Jane miss.
Please note
that charts and commentary provided by the moderator are for educational
purposes only. Any trades placed upon reliance on the moderator’s
charts or information is taken at your own risk for your own account.
Past performance is no guarantee of future results. While there is great
potential for reward trading stocks, futures and options, there is also
substantial risk of loss and you must decide your own suitability to trade.
Future trading results can never be guaranteed. This is not an offer to
buy or sell stock, futures, options or commodity interests.
Most trading
systems are based on historical formulas which have worked in the past.
However, what has happened before may or may not happen again. You can
lose all your money trading stocks, futures, and options and you must
decide your own suitability as to whether or not to trade. Only trade
with true risk capital you can afford to lose. Only trade markets you
can properly afford to trade. Properly funded trading accounts typically
perform better than those that are not. Never risk more than 2-3% of your
account on any one trade. Always define your risk before entering a trade
and place a stop to limit your risk.
There are
no guarantees or certainties in trading. Trading involves hard work, risk,
discipline and the ability to follow rules and trade through any tough
periods during a system’s draw downs. If you are looking for a guarantee,
trading is probably not for you. Most people lose money trading. One of
the reasons is that they lack discipline and are unable to be consistent.
A system can help you become consistent. Ironically, worrying about the
monetary aspect of trading can contribute to and cause a trader to make
trading errors. Therefore, it is important to only trade with true risk
capital.
