I was asked to analyze the SPY. The ETF made a new low today and it won't be the last one, that's for sure. You really have to look at 5 and 10-year charts to see where the SPY really is and how much further down the ETF possibly has to go. THe sPY has some support at this current 110 level, butI doubt it will hold for long.

Time to do a nut check. Buy UYG , a 200% leveraged financial ETF, tomorrow. Just make sure you use a stop loss.

It's possible I get some very short term setups, but I am careful of what I trade. I'm more likely to get long JPY (yen futures), rather than mess with the constantly evolving game in US equities. I know several traders that scored...

I think I was 5 years old when I learned that actions speak louder than words. The lawmakers are making it so that anybody with a brain should back away from financial markets. A second lesson learned was to never fight a battle you cannot win. I simply refuse to participate...

Readers know I haven't been comfortable being long stocks for over a year. That said, I've managed to make money being long equities the last few days. It's important to note that success has nothing to do with what I traded, but how I traded...

Wow! 1% to 3% moves in less than fifteen minutes. Headlines are driving the market and I am determined to stay on the sidelines to keep risk at bay. Risk management is the most important aspect of trading and I intend to remain patient for high probability signals.

Yes, I have stated repeatedly since my service began back in early 2006, “cash is a position”. What do I have to do to get people to understand the value of the strategies that I offer.

Too often traders not only have an opinion, but become inflexible. Direction is never a definite, but rather a probability. It's easy after a good day to convince yourself you "know something". Don't get off track...

Rather than add to the confusion and re-hash the same stories, I'm writing this brief post to share how I'll handle the turmoil. First, current positions are hanging tough, so no action necessary unless stopped out of PGH...

Stocks are getting smashed again this morning. After reviewing my recent trades, I am comfortable that I executed properly and according to my system. However, I do have one regret. The one theme I have believed in most (lower equities) has been working...

Americans and their creditors should be irate once the "facts" come out on FNM and FRE. Just weeks ago the CEO's assured the markets they were adequately capitalized, now they are being forced against their wishes to hand over the keys...

After being one of the first websites/blogs to spot the FNM/FRE takeover by Uncle Sam here, I've decided to let others write about the bailout specifics. Suffice it to say, this is nothing more than an attempt to get investors...

Payroll figures will be released at 8:30 am. Although I don't trade on analysis of the data, I often find market moving numbers to provide a catalyst for entry. One must think of where the opportunity to surprise lies...

It's safe to say that just about every trader has several edges, which is to say they have strategies with positive expectations. Too much time is spent on this particular aspect of trading, with much less regard...

The case for my long side trade in commodities stems from my belief that trends re-exert their forces at some point. This article was originally posted on April 26 of this year, but is particularly applicable in the current environment...