Archive for May, 2012

Technical Indicators…Are They All They Are Cracked Up To Be?

Saturday, May 26th, 2012

Ever wake up one day and say, “I want to become a “technical analyst” daytrader, someone who sits in front of the computer all day buying and selling shares of stock or options/futures contracts? Being a novice to trading, you bring up a technical chart, add a couple of indicators such as moving averages or MACD and say to yourself, “this is going to be easy,” as you count the money you’re going to walk away with, your dreams of wealth finally coming true. But within a few days, all your dreams come to an end, as you see your portfolio drained from loss after loss after loss. (more…)

Facebook IPO — The Party That Never Happened

Sunday, May 20th, 2012

Ever been invited to a big-time party, a party with lots of hype, a party you run out to buy a new outfit for so you can be dressed to the nines, a party where you just need to be “seen”? And after you spend all this money to “be seen,” what happens…no one bothers to even come. Welcome to the Facebook IPO. All the media hoopla about how great the Facebook IPO would be. All the CNBC pundits telling us that this was going to be the hottest IPO ever, the greatest day for trading since sliced bread. In the end, the underwriters actually had to buy up the shares just to keep the stock from falling below its open price of $38. (more…)

$2 Billion JP Morgan / Jamie Dimon Trading Loss — No Problem It’s Counter-Trend Friday!

Sunday, May 13th, 2012

It’s 9:30am and the Market is about to open. JP Morgan is already down 7% on the news that they lost $2 Billion in market value and their credit ratings trashed as a result of their failed hedging strategy. Their “Teflon” image shattered. Jaime Dimon, Wall Street’s “Golden Boy” no more. You could hear investment attorneys all over New York sharpening their pencils, their eyes bulging with dollar signs ($$$$$) as they counted how much they would make on the investment failure. (more…)

Who Let The Cat Out Of The Bag?

Sunday, May 6th, 2012

Friday was affectionately known as “Unemployment Day”. All eyes were watching the 8:30am EST news release. It was unclear as to whether or not the report would be positive. Then it happened…albeit a bit too early. (more…)