1 day and counting till Black Friday! Retailers like Walmart (WMT) , Kohls (KSS), Sears (SHLD) , Target(TGT) and Amazon (AMZN) wait all year long just for this one day. It is the day that they are supposed to turn profitable on the year, hence the term “Black Friday”.
With the economy still struggling and in [...]
Archive for November, 2009
25 Nov
Ready, Set, Go!
23 Nov
Equity markets getting direction from US$
As equity traders, we normally don’t need to be extremely aware of the US $ and it’s relationship with other currency; however, for the last couple of weeks we have seen an increase in the correlation between the $ and the equity markets. A great part of this is the result of the strength and [...]
18 Nov
$How does one solve a reoccurring problem in trading?
When I first started learning to daytrade, I used to get evry upset with myself over almost every mistake that I made. Once I realized what a negative approach that was, I identified the one and only time that I would allow myself to be really upset with me.
The time that I allow myself to [...]
18 Nov
$Time To Buy E*Trade?
E-Trade (ETFC) was up 9% today as talk of a possible takeover candidate. These rumors have swirled and swirled again. Each and every time, there is no substance behind the rumor. This time it may be different! Earlier in the day, E Trade reported October trading volumes for it’s customers, which came in a bit [...]
18 Nov
$MEE Massey Energy ready for take off
Massey Energy finally caught some institutional buying and pushed above the resistance at $34 with increased volume from the prior week. A hold above this level would give us an initial profit target of $52.46
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