Tuesday, March 28, 2006
Fed Raising rates stuns the street.
After the FED raised rates yet again it really stunned wallstreet. The first 10 minutes before the announcement led to some buying, bringing the dow up 20 points. Right at the announcement the dow dropped some 80 points in about an hour.
I think the dow is heading down right now. From a fundamental standpoint the corporations that make up the dow will have to spend more to borrow funds. From a technical standpoint, we're hitting a peak.
Stay tuned.
Stock Investing
Investing Blog
Small Business Finance
- A small business like any other business takes money to stay afloat. Managing you finances can help lead you new venture to success.
I think the dow is heading down right now. From a fundamental standpoint the corporations that make up the dow will have to spend more to borrow funds. From a technical standpoint, we're hitting a peak.
Stay tuned.
Stock Investing
Investing Blog
Small Business Finance
- A small business like any other business takes money to stay afloat. Managing you finances can help lead you new venture to success.
Saturday, January 21, 2006
Good Enough I'd say, 16% ROI
After entering my WM short and watching it move upward, I was a bit worried to say the least.
Now after just one month WM hit 42.50 and I cashed out my options for a 16% return. I think WM has some more room to the downside but I will stick with my trade and exit now. The next week should bring WM a decent rebound so I will stay out and keep my money in my pocket.
This is the second profitable options trade in a row. INTC made some amazing returns and my WM shorts have done the same. Starting off the year up 16% is awesome!
More to come soon!
Investing Guide
Now after just one month WM hit 42.50 and I cashed out my options for a 16% return. I think WM has some more room to the downside but I will stick with my trade and exit now. The next week should bring WM a decent rebound so I will stay out and keep my money in my pocket.
This is the second profitable options trade in a row. INTC made some amazing returns and my WM shorts have done the same. Starting off the year up 16% is awesome!
More to come soon!
Investing Guide
Friday, December 30, 2005
WaMu options- up 25% so far
My options are now worth $1.90 from $1.50. Good movement so far, in a few months they will be a good $3-4. :)
retsambew dash klat for Charity
retsambew dash klat for Charity
Wednesday, December 28, 2005
WaMu- Time to short I'm looking for 10%
Washington Mutual is one of my favorite stocks in which to make quick plays and trades. Right now its sitting around $44/share and I'm looking for it to fall to $40 per share within the next quarter. For those who trade shares themselves this is about 9% for those of us who like options, this could be a three-bagger.
Puts for WM are appropriately priced $1.50 for april 2006 puts. If WM hits my price target it should be an easy 100-200% return. Sounds better than the 2.5% from the credit union. :)
Another great investment option would have to be premium California Mortgages- Financial blogs don't often review them still, just a thought. WM has been making some new highs while the RSI is heading south. Within the next three months I think WM will be about $40 a share. Through a few contracts on it and you should make some good money in a short period of time.
Puts for WM are appropriately priced $1.50 for april 2006 puts. If WM hits my price target it should be an easy 100-200% return. Sounds better than the 2.5% from the credit union. :)
Another great investment option would have to be premium California Mortgages- Financial blogs don't often review them still, just a thought. WM has been making some new highs while the RSI is heading south. Within the next three months I think WM will be about $40 a share. Through a few contracts on it and you should make some good money in a short period of time.
Thursday, December 22, 2005
The Dow?
The dow is sitting pretty at 10800 which I am mildly surprised about. The USD is being a normal rengade self and is charging afead, nearly meeting the price of the December futures in August at 1.15.
I think the dow will come back and settle around 10300. This would yield $2500 on those futures accounts ;)
I think the dow will come back and settle around 10300. This would yield $2500 on those futures accounts ;)
Thursday, November 17, 2005
INTC
Did exactly as expected in just one month. The stock hit its $23 range and some technicals and even fundamentals came in to play to make this stock surge to $25 a share. One heck of a run if you ask me!
GOOG shares move past the $400 mark, I think this is the top.
GOOG shares move past the $400 mark, I think this is the top.
Tuesday, October 11, 2005
Been awhile...
It's been awhile since my last post unfortunately neglecting the site.
So on the INTC note, it's time to get in if the support holds. INTC has been in a pennant for the last 5 years slowly creeping up on the point where the lines cross. Amid AMDs awesome earning reports today (Est. $.08 Act. $.18) I would think that we would see some sector buying. Tech has been hit hard in the last few weeks as a whole and I think INTC may lead the rebound here.
As you can see its in a definite pennant. I think we should see a bounce here and a breakout at the above resistance. I'm a buyer here.
EURUSD- Well well well, EURUSD has been more moody than my mother. I made a mint last time EURUSD was trading in the 1.19 range I was heavily long in the pair, got out at 1.2150. Now that we are back at this level I think a long position should be considered.
If it hits this trendline I would play a long position expecting a bounce.
For the sake of distributing wealth to the younger generations...
So on the INTC note, it's time to get in if the support holds. INTC has been in a pennant for the last 5 years slowly creeping up on the point where the lines cross. Amid AMDs awesome earning reports today (Est. $.08 Act. $.18) I would think that we would see some sector buying. Tech has been hit hard in the last few weeks as a whole and I think INTC may lead the rebound here.
As you can see its in a definite pennant. I think we should see a bounce here and a breakout at the above resistance. I'm a buyer here.
EURUSD- Well well well, EURUSD has been more moody than my mother. I made a mint last time EURUSD was trading in the 1.19 range I was heavily long in the pair, got out at 1.2150. Now that we are back at this level I think a long position should be considered.
If it hits this trendline I would play a long position expecting a bounce.
For the sake of distributing wealth to the younger generations...
Wednesday, September 28, 2005
Katrina Victims...
Katrina is not the same thing as September 11th, and if you believe this please continue reading....
Katrina victims are not necessarily victims. They had all the same chance to get out, all of them had the chance to get flood insurance. (Flood insurance is offered by the government)
Why these people do not deserve the payments:
People in LA are largely uneducated lower class people who are used to receiving government aid to live. They have not experienced life without monthly assistance from the government to help them pay for the necessities in life. So what happens when you give someone with no education a lump sum of possibly tens of thousands of dollars? They most likely blow the money away on stuff that no one really needs! This is the problem with the system today, people do not learn on their own and drain government programs.
Why would I go out and get a job when I can get a check from the government to cover my expenses? I just rode out a storm too, so great, I get a check for $100,000. I didn't do anything to earn this money, and the people that are really paying for this have debts such as student loans because they cared to get a career! Awesome. So I skimped on any education, the government pays my expenses every month, and the people that are really in debt, well, they just helped by paying more in taxes.
People who work deserve this money more than the "victims" of this storm. Just yesterday there was a thunderstorm, I lost most atleast 10 blades of grass. I wan't compensation too.
This has sparked an interesting idea of mine called "Storm Farming." I intend to buy approximately 100 homes each scattered around different places in the south that continually get pounded by the storms. These houses will be a dime a dozen, considering they will all be purchased at a tax sale with small liens on them. At this point I have 100 homes in storms' paths and I got them all for less than a vacant lot in California. Come on big storms! Just hit a few of my houses and I have turned maybe $200k into $200M in a day.
Let's get real. These people weren't victims of anything that couldn't have been predicted.
The time and date of my own death has not yet been predicted, when I die, I surely hope that my relatives seek aid from the government for my bad luck.
The government truly needs to think before handing a chunk of change to one who has no idea what to do with it.
Katrina victims are not necessarily victims. They had all the same chance to get out, all of them had the chance to get flood insurance. (Flood insurance is offered by the government)
Why these people do not deserve the payments:
People in LA are largely uneducated lower class people who are used to receiving government aid to live. They have not experienced life without monthly assistance from the government to help them pay for the necessities in life. So what happens when you give someone with no education a lump sum of possibly tens of thousands of dollars? They most likely blow the money away on stuff that no one really needs! This is the problem with the system today, people do not learn on their own and drain government programs.
Why would I go out and get a job when I can get a check from the government to cover my expenses? I just rode out a storm too, so great, I get a check for $100,000. I didn't do anything to earn this money, and the people that are really paying for this have debts such as student loans because they cared to get a career! Awesome. So I skimped on any education, the government pays my expenses every month, and the people that are really in debt, well, they just helped by paying more in taxes.
People who work deserve this money more than the "victims" of this storm. Just yesterday there was a thunderstorm, I lost most atleast 10 blades of grass. I wan't compensation too.
This has sparked an interesting idea of mine called "Storm Farming." I intend to buy approximately 100 homes each scattered around different places in the south that continually get pounded by the storms. These houses will be a dime a dozen, considering they will all be purchased at a tax sale with small liens on them. At this point I have 100 homes in storms' paths and I got them all for less than a vacant lot in California. Come on big storms! Just hit a few of my houses and I have turned maybe $200k into $200M in a day.
Let's get real. These people weren't victims of anything that couldn't have been predicted.
The time and date of my own death has not yet been predicted, when I die, I surely hope that my relatives seek aid from the government for my bad luck.
The government truly needs to think before handing a chunk of change to one who has no idea what to do with it.
Tuesday, September 27, 2005
USDCHF
I got stopped out on USDCHF at +5 Pips. Good enough I guess, but not what I was looking for. Who knows what the hell is going on with the USD at the moment, its a guess at this point.
Still waiting for INTC to come back in...
Still waiting for INTC to come back in...
Monday, September 26, 2005
Updates
I'm up just over 40 pips on my USDCHF trade, and expecting another 90 on top of that, this downtrend should be huge! So far I'm up 190 pips this month, enough for a 9.5% return on my NAV. If this continues I should be able to retire before I work.
INTC- This stock is doing just as expected as the downtrend is gradually slowing, showing some support. At this point I would like this stock to diverge from the trend and hit 22, at that point it's BUY BUY BUY. I think it should settle at 23.00 and at that point I would buy looking for 25-26.
INTC- This stock is doing just as expected as the downtrend is gradually slowing, showing some support. At this point I would like this stock to diverge from the trend and hit 22, at that point it's BUY BUY BUY. I think it should settle at 23.00 and at that point I would buy looking for 25-26.
Sunday, September 25, 2005
Earth to USD
The USD has been high flying over the last few days, and people are getting off the bandwagon. USDCHF shorts are at their highest in 11 weeks, I'm one of them. I think that this current uptrend is too fast, too much. USDCHF at these levels is overbought, I think it should come in to about the 1.28 level, 130 pips for the taking! With a stop loss at 1.2950, this trade has a 1:4 risk to reward ratio! Are you game? I'm almost certain that a downtrend should follow, and I will be placing bets accordingly. Right now I've made about 150 pips this month, not bad, but not as good as August where I made a whopping 525 pips!!!!!!!!!!! YaY!
I'll be entering on the RSI entering below 70 for one 3H bar.
For the purpose of distributing wealth to the younger generations...
I'll be entering on the RSI entering below 70 for one 3H bar.
For the purpose of distributing wealth to the younger generations...
Saturday, September 24, 2005
for all you gamers
Who would have known that this site is psp compatable all this was typed on a psp
Thursday, September 22, 2005
One stock I think you should own
INTC- Intel
The technicals for this stock should boost it up a few points, enough for nearly 10% gain with the stock itself, or more with options. I would suggest the options.
INTC is in a downtrend at the moment but has been in an uptrend over the longer term. I think it is falling back to the trend and will settle at the 23.70-24 level, with 23.78 being a rather strong support. At this level I think you should go in with some decent amounts. This is not only the stock to own for the long term, but short term as well. I think a bounce off 23.78 will cause it to return to 26 or so. A cool profit of roughly 10%. Right now it is testing resistance at 25.05 level and I see upper 23s soon. This downward trend is about to be over
For the purpose of distributing wealth to the younger generations...
The technicals for this stock should boost it up a few points, enough for nearly 10% gain with the stock itself, or more with options. I would suggest the options.
INTC is in a downtrend at the moment but has been in an uptrend over the longer term. I think it is falling back to the trend and will settle at the 23.70-24 level, with 23.78 being a rather strong support. At this level I think you should go in with some decent amounts. This is not only the stock to own for the long term, but short term as well. I think a bounce off 23.78 will cause it to return to 26 or so. A cool profit of roughly 10%. Right now it is testing resistance at 25.05 level and I see upper 23s soon. This downward trend is about to be over
For the purpose of distributing wealth to the younger generations...
Tuesday, September 20, 2005
Times like this....
This is the SECOND attempt to type this. As the first was lost due to my striking of the back button. The face I made when it happened:
So lets get to the market. The Fed, on a crusade to kill your house's value, raises rates. And the market reacts with the USD gaining strength yet again. If you're sick of it, raise your hand.
Unanimous, just like I had thought. In reality, with Rita strengthening by the minute, and oil headed to $200 a barrel long term, the USD should have already died.
On this oil topic. Everyone in the media is afraid to address the increase in oil prices. Oil will be as expensive as gold in the coming years. OIL HAS PEAKED, yes, topped. Oil production will be coming down from here. At current consumption we have just until 2050. That is at current rates, in the future China will have revalued their currency (RMB) which should rise in value to the USD. What's this mean? MORE oil can be bought for LESS. Their economy won't slow for anything and I believe that we can expect to see growth in oil consumption.
Oil will always exist on this planet but the cheap oil will be an extinct animal. Exploring in Alaska is virtually worthless, while there is possibly billions of barrels hidden in the wildlife reserves, the amount of oil that can come out of the ground is not billions of barrels short term. The oil that will be produced is around one million barrels per day, currently about 1.25% of the consumption. This will add nothing to the bottom line and only destroy the wildlife reserve. Don't get me wrong if this oil could come up in 5-10 million barrels a day range, I would be all for it.
Next thing, the fed can't do anything about this event. The fed can't put limits on how much traders can pay for something, and even if they could there are many more markets where oil is traded. If the NYMEX shows $75 and China has rates of $100 a barrel where do you think the oil companies are going? The fed can't do anything, releasing reserves is only a short term solution. The only way to protect yourself is to whip out the futures account and long oil. With the current problems I think you could retire on gains from the oil futures markets.
If you have interest in new energy sources checkout this blog http://oilstories.blogspot.com
For the purpose of distributing the wealth to the younger generations....
So lets get to the market. The Fed, on a crusade to kill your house's value, raises rates. And the market reacts with the USD gaining strength yet again. If you're sick of it, raise your hand.
Unanimous, just like I had thought. In reality, with Rita strengthening by the minute, and oil headed to $200 a barrel long term, the USD should have already died.
On this oil topic. Everyone in the media is afraid to address the increase in oil prices. Oil will be as expensive as gold in the coming years. OIL HAS PEAKED, yes, topped. Oil production will be coming down from here. At current consumption we have just until 2050. That is at current rates, in the future China will have revalued their currency (RMB) which should rise in value to the USD. What's this mean? MORE oil can be bought for LESS. Their economy won't slow for anything and I believe that we can expect to see growth in oil consumption.
Oil will always exist on this planet but the cheap oil will be an extinct animal. Exploring in Alaska is virtually worthless, while there is possibly billions of barrels hidden in the wildlife reserves, the amount of oil that can come out of the ground is not billions of barrels short term. The oil that will be produced is around one million barrels per day, currently about 1.25% of the consumption. This will add nothing to the bottom line and only destroy the wildlife reserve. Don't get me wrong if this oil could come up in 5-10 million barrels a day range, I would be all for it.
Next thing, the fed can't do anything about this event. The fed can't put limits on how much traders can pay for something, and even if they could there are many more markets where oil is traded. If the NYMEX shows $75 and China has rates of $100 a barrel where do you think the oil companies are going? The fed can't do anything, releasing reserves is only a short term solution. The only way to protect yourself is to whip out the futures account and long oil. With the current problems I think you could retire on gains from the oil futures markets.
If you have interest in new energy sources checkout this blog http://oilstories.blogspot.com
For the purpose of distributing the wealth to the younger generations....
Monday, September 19, 2005
First REAL post
So why not? I've got a new blog and I'd like to fill it up.
So what's up with the markets today?
Lets start with Forex: (Hey interbanks, I could use a job ;)
EURUSD continues south. HUH? Touched the 100 day MA and couldn't break through.
Must be all this German Election garbage. The news has pushed EURUSD to break out of a channel that spawned in June of this year. Now it wouldn't surprise me if EURUSD had broken to the north due to Katrina and high gas prices. The USD should not be doing as well as it has been, especially with Rita about to smash Florida and the gulf. Who knows, it may even smash New Orleans, like they need it.
USDCHF
This pair has an uncanny ability to screw me. I'm about to go short on this pair, even as Rita plans to ruin the south. BECAUSE I TRADE TECHNICALS. No matter what happens people will take their profits, people will stop their losses, and news will never set the value of currency. The RSIs say overbought and are showing some divergence on the 3hour charts. (Oanda is the only broker with 3 hour charts.) USDCHF was a no go at the 1.2818 level, this resistance could push the pair lower. I'm waiting for a confirmation first.
AUDUSD
I think a reversal is on its way. I'm short this one since .7740 (what a great call). I think this one should move higher and break this downtrend. MACD buy cross however it will soon again turn to a sell.
GBPUSD
AHHH this pair is going to "Break on through to the other side!" It seems as though it has also fell though the uptrend. I hate, HATE, to go long USD. I can't stand to do it, expecially where the markets are now. I think that we will be able to go long again, soon enough.
Lets go to the US Markets.
Dow has been suffering in the last few days after getting absolutely SMACKED by the 10700 level. Rita fears have pushed traders to short. (More fundamental crap)
Oil up over $4 on the Nymex. And NO this is not price gouging. Oil supplies are crippled from storms like Rita. Traders (foolishly) buy oil on the basis that a storm will push rigs out of commission. I have news for these traders, REFINERIES ARE NOT PURCHASING OIL RIGHT NOW. Due to refineries being severely backlogged, they will not be buying oil. Trading oil is purely speculative right now. No oil is being purchased for refining, it's just volume from the traders. I see oil retreating to $60 before the buying begins again.
Alright I'm done with this article. People over 55 control nearly 70% of the nations wealth, this is all about to change!
For the purpose of distributing the wealth to the younger generations....
So what's up with the markets today?
Lets start with Forex: (Hey interbanks, I could use a job ;)
EURUSD continues south. HUH? Touched the 100 day MA and couldn't break through.
Must be all this German Election garbage. The news has pushed EURUSD to break out of a channel that spawned in June of this year. Now it wouldn't surprise me if EURUSD had broken to the north due to Katrina and high gas prices. The USD should not be doing as well as it has been, especially with Rita about to smash Florida and the gulf. Who knows, it may even smash New Orleans, like they need it.
USDCHF
This pair has an uncanny ability to screw me. I'm about to go short on this pair, even as Rita plans to ruin the south. BECAUSE I TRADE TECHNICALS. No matter what happens people will take their profits, people will stop their losses, and news will never set the value of currency. The RSIs say overbought and are showing some divergence on the 3hour charts. (Oanda is the only broker with 3 hour charts.) USDCHF was a no go at the 1.2818 level, this resistance could push the pair lower. I'm waiting for a confirmation first.
AUDUSD
I think a reversal is on its way. I'm short this one since .7740 (what a great call). I think this one should move higher and break this downtrend. MACD buy cross however it will soon again turn to a sell.
GBPUSD
AHHH this pair is going to "Break on through to the other side!" It seems as though it has also fell though the uptrend. I hate, HATE, to go long USD. I can't stand to do it, expecially where the markets are now. I think that we will be able to go long again, soon enough.
Lets go to the US Markets.
Dow has been suffering in the last few days after getting absolutely SMACKED by the 10700 level. Rita fears have pushed traders to short. (More fundamental crap)
Oil up over $4 on the Nymex. And NO this is not price gouging. Oil supplies are crippled from storms like Rita. Traders (foolishly) buy oil on the basis that a storm will push rigs out of commission. I have news for these traders, REFINERIES ARE NOT PURCHASING OIL RIGHT NOW. Due to refineries being severely backlogged, they will not be buying oil. Trading oil is purely speculative right now. No oil is being purchased for refining, it's just volume from the traders. I see oil retreating to $60 before the buying begins again.
Alright I'm done with this article. People over 55 control nearly 70% of the nations wealth, this is all about to change!
For the purpose of distributing the wealth to the younger generations....
FinancialNut.Com
So this is my blog. I'm on my endless journey to make a buck with the forex, stock, futures, and options markets. Let's beat the street!
A little about me, I'm a trader who loves the game. I trade solely technical indicators and fundamentals are rarely introduced into any of my trading. I believe that all securities or currencies have a value in which bulls outpace the bears and where bears outpace the bulls. Traders drive markets; fundamentals do not.
In my blog you will find many of my ramblings, rants and calls in the markets. Between my mother who thinks trading isn't a job and high school teachers who couldn't teach for anything, I should have plenty to talk about.
For the purpose of distributing the wealth to the younger generations....
A little about me, I'm a trader who loves the game. I trade solely technical indicators and fundamentals are rarely introduced into any of my trading. I believe that all securities or currencies have a value in which bulls outpace the bears and where bears outpace the bulls. Traders drive markets; fundamentals do not.
In my blog you will find many of my ramblings, rants and calls in the markets. Between my mother who thinks trading isn't a job and high school teachers who couldn't teach for anything, I should have plenty to talk about.
For the purpose of distributing the wealth to the younger generations....
