I find it difficult to type while my kitty is circling my keyboard clamoring for my attention which I gladly give.. Trying to type as she curls herself under my hand and fingertips for one more scratch behind the ear. It is also difficult to write while thoughts whirl in my head they have to come to some sort of agreement before a coherent sentence can be produced.....Finally the cat lays content on my desk between my arms but my mind continues to do it's thing.. think. I can't come up with anything profound and I continue being troubled.
The thought that keeps whirling in my head is on news that I read, yet little have I heard or seen comments about: January 10, 2010 8:36 p.m. EST (CNN) -- In the wake of his decision to devalue Venezuela's currency, President Hugo Chavez on Sunday said he would put the military on the streets to ensure that business owners don't raise prices.
You may think it 's no big deal, it's a little nation, not worthy of worry here, they often use soldiers to keep their civilians at bay. OK don't pay attention it won't affect us, or perhaps you should,because he is the same Chavez who called the Obama administration as more socialist than his own. Chavez is taking the next step and that is to having all businesses nationalized.
This is a man who is increasingly more popular around the world and is forming alliances far reaching. He has been given standing ovations not only in his homeland but also the UN, Italy, and in Copenhagen not one month ago; and lest we forget he has called for a new world currency.
Ridiculous to fear such a "little" man you think? You do know that it was David who brought down Goliath, not the other way around and as far as I know, David had no inside help. Right? Can we say the same? Yet, on a more serious note, what worries me the most is that most Americans keep thinking that it can't happen here.
I'd watch that dollar and I still like the gold.
Happy Trading, Living and Laughing
Anni
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THE PLAY LIST
Monday, January 11, 2010
Friday, January 8, 2010
The Daily Note - All Eyes Toward Inspiration
Do traders become myopic over time? In search of what will be, are we focusing too narrowly and too far into the future? I've been wondering that of late, watching the markets move seemingly disconnected from reality; or am I the one with the malady? It is one thing to take breaks and go outside the realm of the multi screen desk, but as I interact with people I realize my working world is very different, indeed.
We are focused daily on business, commodity and financial news with charts, figures, fundamentals and further fill our heads with daily data on employment, output, imports/exports, housing, inflation/deflation, the dollar, the fed, gold et cetera, et cetera, et cetera. The reality is that most people outside our working world give not a thought to what is happening elsewhere from their own arena of life. They have other concerns; they think about traffic, work politics, what their boss wants, how they will achieve their quote, goal or other plans in life, their family. They look forward to the weekend, not ten months down the line, they don't care if WalMart or Target make money, they want to spend as little as possible for their needs. They're worried about buying food, or gas and paying mortgages.
Which makes me wonder .. are we adding any value to anyone life? I know many in the business manage money or offer financial advice. I know many invest and help to start businesses. I also know that our involvement moves markets like never before, and redistributes fortunes a lot better than any socialist can dream. But .. then I wonder .. what else does it do for those living, struggling to get by in their daily lives?
Today we anxiously await the jobs report, everyday millions of us tune into CNBC, watch the endless shows and reports about business and markets. Daily we are pouring through the charts and twit stock picks on StockTwits and think that most people have not a clue about what we do; and if they did, I wonder how many would care or see any value.
Perhaps I'm a little bit down maybe looking for a little inspiration,as the thoughts whirl through my mind and I take a step toward something new... for now it's a new dance.
Happy Trading, Living and Dancing
Anni
The Play List:
$BIDU BIDU_2010-01-08_0507
$POT looks to about $128-$131 next long if it holds above $125 Short below $123 to $122-$122 and down to possible $118
$GOLD GOLD_2010-01-08_0642above $84 to near $86 Short below $83 to about $81
$NBR NBR_2010-01-08_0630
We are focused daily on business, commodity and financial news with charts, figures, fundamentals and further fill our heads with daily data on employment, output, imports/exports, housing, inflation/deflation, the dollar, the fed, gold et cetera, et cetera, et cetera. The reality is that most people outside our working world give not a thought to what is happening elsewhere from their own arena of life. They have other concerns; they think about traffic, work politics, what their boss wants, how they will achieve their quote, goal or other plans in life, their family. They look forward to the weekend, not ten months down the line, they don't care if WalMart or Target make money, they want to spend as little as possible for their needs. They're worried about buying food, or gas and paying mortgages.
Which makes me wonder .. are we adding any value to anyone life? I know many in the business manage money or offer financial advice. I know many invest and help to start businesses. I also know that our involvement moves markets like never before, and redistributes fortunes a lot better than any socialist can dream. But .. then I wonder .. what else does it do for those living, struggling to get by in their daily lives?
Today we anxiously await the jobs report, everyday millions of us tune into CNBC, watch the endless shows and reports about business and markets. Daily we are pouring through the charts and twit stock picks on StockTwits and think that most people have not a clue about what we do; and if they did, I wonder how many would care or see any value.
Perhaps I'm a little bit down maybe looking for a little inspiration,as the thoughts whirl through my mind and I take a step toward something new... for now it's a new dance.
Happy Trading, Living and Dancing
Anni
The Play List:
$BIDU BIDU_2010-01-08_0507
$POT looks to about $128-$131 next long if it holds above $125 Short below $123 to $122-$122 and down to possible $118
$GOLD GOLD_2010-01-08_0642above $84 to near $86 Short below $83 to about $81
$NBR NBR_2010-01-08_0630
Thursday, January 7, 2010
The Daily Note - Trading on Adrenalin
We are embarking on the earnings season again and coupled with opex next Friday, I am reminded that going forward into next week will bring fresh traders into the market. Traders that live only for trading into earnings and opex. What does that mean to us "regulars"? It means that being more cautious on taking positions because they like to drive prices toward the anticipated announcement after which they will drop the holding faster thank you can blink.
It means that it's important to become familiar with the earnings list, and know when your favorites are announcing. Become familiar with their historical prices and expected earnings for the quarter. Then monitor any unusual activity. It means becoming alert to any strongly driven price change especially if coupled with a quick reversal. Also start monitoring the news more closely something that you should do anyway because news still drives prices.
Earnings trading is like living on adrenalin; it starts slow but builds in volume towards announcement day. Clues become more apparent when sudden spikes or drops occur as those in the trade could be testing the waters. Activity builds to a crescendo and with the most popular stocks, like GOOG or AAPL, RIMM, etc. the wait becomes hushed, nervous or frantic. You can see the ticker twitch as the adrenalin takes over so when the announcement finally comes the result is a uncalculated reaction. Amateurs trade and react on adrenalin, professionals will have calculated the trade and will either ride it out or are long gone before the figures are announced; their adrenalin is present but their reaction is controlled.
Not many things are worse than being caught on the wrong side of a surprise earnings announcement; equally there's not much better than being on the right side. But, unless you're an adrenaline junkie with money to burn, I suggest staying away from such adventures and opt for bungee jumping.
Happy Trading Living and Trippin'
Anni
The Play List:
$AAPL continue watching for short targets as previously listed: entry short below $210
$POT retest of $124 is possible but watch the downside mood
$FWLT still moving higher, touching $33 yesterday, time for near $33.50 then near $34, but depending on mood of market, protect the gains.
It means that it's important to become familiar with the earnings list, and know when your favorites are announcing. Become familiar with their historical prices and expected earnings for the quarter. Then monitor any unusual activity. It means becoming alert to any strongly driven price change especially if coupled with a quick reversal. Also start monitoring the news more closely something that you should do anyway because news still drives prices.
Earnings trading is like living on adrenalin; it starts slow but builds in volume towards announcement day. Clues become more apparent when sudden spikes or drops occur as those in the trade could be testing the waters. Activity builds to a crescendo and with the most popular stocks, like GOOG or AAPL, RIMM, etc. the wait becomes hushed, nervous or frantic. You can see the ticker twitch as the adrenalin takes over so when the announcement finally comes the result is a uncalculated reaction. Amateurs trade and react on adrenalin, professionals will have calculated the trade and will either ride it out or are long gone before the figures are announced; their adrenalin is present but their reaction is controlled.
Not many things are worse than being caught on the wrong side of a surprise earnings announcement; equally there's not much better than being on the right side. But, unless you're an adrenaline junkie with money to burn, I suggest staying away from such adventures and opt for bungee jumping.
Happy Trading Living and Trippin'
Anni
The Play List:
$AAPL continue watching for short targets as previously listed: entry short below $210
$POT retest of $124 is possible but watch the downside mood
$FWLT still moving higher, touching $33 yesterday, time for near $33.50 then near $34, but depending on mood of market, protect the gains.
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