I had a pretty good response from the original post that I’ve decided to extend the link offer until my wedding date, February 23, 2008. So you have about a month to get your link requests in! I’m not asking for anything in return just a comment with your information. To those that I normally read and forgot to list, I apologize. Slap me upside the head the next time you’re around.
Stay safe this week. It’s only going to get worse.
I’m in the process of adding the final touches to the revamped blog. One of the last items on my list is the inclusion of a blogroll. So if you have a blog that deals with the markets or investing, I’d like to know about it! With so many blogs out there, it’s almost impossible to keep track. So if you’d like, go ahead and drop me a comment with the following info:
- Name of Blog:
- URL:
- Style of Investing (for example Options, Fundamentals, Technicals, Buy and Hold, etc.):
For those of you I visit regularly, I should have you listed on the sidebar by the end of the weekend. For those of you that I haven’t met, welcome and I hope to drop by and read some of your entries soon! You have until January 12 to apply! Have a great weekend!
I’ve seen a growth in new finance and investment bloggers out there since the start of the new year. Good luck to all of you and enjoy blogging. It’s a great release valve and it’s never a bad thing to bounce ideas off hundreds of folks each and every day. Without further ado, here’s this weekend’s reading list!
- Ten Rules of Life that should be followed. I don’t have kids yet but believe me, they will come first above anyone else including myself.
- I already think the US is in a recession. Historically, the Fed is about 3-6 months behind the curve. I don’t see the recent action by the Fed to be any different.
- Technical analysis does work. Proof?
- OMG (not the ticker)! MacWorld! AAPL’s been taking a nasty beating before the big event.
- I’m potentially taking a bearish position on VIP. VIP’s been bouncing off support for a few days now but I see a very nice descending triangle forming.
- Having emotional intelligence will make you more successful as a trader.
Have a great weekend!
If you haven’t done so already, take a look at thinkorswim’s weekly Wednesday’s lectures. They are by far the most useful lessons on the internet today. I’ve compiled my own notes on this week’s lectures. If you’d like, use them and supplement them with your own notes. These notes help me become a better trader so I hope they can do the same for you. Enjoy!
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It looks like we’re finally getting that bounce I was talking about on Friday. Even though I’m a day late, it’s nice to see how all the tools you end up learning can help you lean in the right direction. Sure, my expectation of a bounce yesterday cost me potential profits, but I still stand by the fact that none of my now realized profits were lost. Yesterday I also suggested that I didn’t see a bounce coming today. As of right now with DJIA futures up 70 points, I’m probably wrong. That goes to show you that you can’t rely on a single indicator, or really a day’s worth of data. Looking at the past three days of market action with the reduced weakness in yesterday’s action should have been a glaring indicator of a bounce today. Three days with TRIN readings and declining volumes sky high coupled with the mixed action as the markets tried to decide which way to go yesterday will make for a great bounce today.
Bear Stearns’ CEO, James Cayne, will be stepping down from the CEO position, but will remain as chairman of Bear Stearns (BSC). It’ll be interesting to see how BSC opens tomorrow. My guess it BSC will gap up first thing in the morning barring any other news. I’m curious to know if his stepping down has anything to do with the probe of BSC by the State of New York. In any event, that’s now the 3rd CEO/President to step down from a large financial firm off the top of my head (Chuck Prince, C and Stan O’Neal, MER).