Author Archives: thepnth3r

” Wall Street never changes, the pockets change, the stocks change, but Wall Street never changes, because human nature never changes” – Jesse Livermore That truism is at the core of my book, Basic Trading: A Beginner’s Guide to Trading and Investing…PROFITABLY!” Take a look! https://abeginnersguidetotradingandinvesting.gr8.com/offer_page.html

Our trade in the symbol GLL is hanging on for grim life, but hang on it does. Because of the proximity to a short trigger for GLL, I am keeping an eye on its inverse, UGL. Which is why I keep hammering on the idea that if you have a symbol for up, and then […]

Interesting times in the olde corral this week… A number of the symbols we follow were not updated this week for some reason, a glitch somewhere in the system. I kept an eye on them on other charting systems. Let’s update them now. There were four open positions. Three closed out, two at a profit, […]

As of the close today our four open trades continue to trundle along. The only instrument out of the five we keep an eye on that has so far resisted our charms and remained on the sidelines is oil. Let’s take a look at this slippery character… Oil: UP= UCO, DOWN = SCO UCO is […]

And we are back to Monday. As reported we have four open positions out of the five instruments we keep an eye on. The reason that is odd, is that they are different parts of the market and as such they rise and fall with different stimuli acting on them. Maybe that means we will […]

Once more unto the breach dear friends… Yes, it is once again that time of the week you have been anxiously awaiting: The Weekly Round Up ! Let’s get started. We have four open positions – unheard of! The underlying instrument is accompanied by the ETF (exchange traded fund) that represents that instrument in the […]

As of last night we had two positions open and two pending a confirming candle. What is a confirming candle? Let’s take a look at the chart in question… TBT: the ETF that represents 20 year treasuries to the DOWN side. Yesterday I indicated that a brave little candle had raised its head above the […]

Well, when hump day came to its conclusion, I found a couple of pleasant closes in the charts. First, our open positions: SSO (the UP ETF S&P 500) and UDN (the ETF representing the U.S. dollar struggling against a weighted collection of global currencies), have gone on to new highs today. May they continue on […]

Even if I borrowed Merlin from the Tor above I couldn’t conjure up much to say this evening. We have two open positions: SSO (S&P 500 UP) and UDN (Dollar Index Bearish). Both are trundling along nicely. Our pending, TBT, which is the DOWN treasuries, has not triggered. If you remember, we are waiting for […]