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Eye on the Markets

Fri May 16 15:56:00 2008 EDT

(RTTNews) - Akeena Solar, Inc. (AKNS) traded flat through the first 90 minutes of trading before floating to a slightly higher range. In the last 50 minutes the stock began climbing and has picked up strong volume in the last ten minutes.

 

 

Fri May 16 15:39:00 2008 EDT

(RTTNews) - Whiting Petroleum (WLL) has climbed throughout the last hour of trading. The stock broke resistance and is at a new high, up $4.52 at $85.55.

 

 

BullsEye Featured Article

Winning ETF Trades

By Michael Paulenoff of MPTrader.com*
Posted: May 16, 2008

Exchange-traded funds (ETFs) enable investors to participate in directional moves in a range of subsets of the major market indices. ETFs have been developed for essentially every U.S. industry, many countries, commodities, Treasuries, currencies and even the inverse (short side) of many of these market areas.

I trade ETFs with a short-term horizon, of one session to two weeks, identifying directional price movement from 2 - 8% based on 1) technical chart analysis, 2) fundamentals underlying those charts, and 3) my perception of what the macro-economic and geo-political worlds look like.



 

 

Trading as a Business -- Do You Have What It Takes?

By Mike Parnos*
Posted: May 9, 2008

Buy low; sell high. Sell high; buy low. Sounds easy, doesn't it? Well, there's a little more to it than that. Buy what? Sell when? Who's high? What's low?

A few years ago, thousands of people left high-paying jobs in the hope of making a living by trading in the stock market. Little did they know…and that "little" is why they're now working their way back up the corporate ladder one cheeseburger at a time.

Can you make a living in the stock market? Of course you can, but you have to treat it like a business. Before you can properly invest -- whether you're trading options, stocks, baseball cards or Barbie dolls -- you need to invest in yourself. You need to prepare yourself mentally, physically and financially. It takes commitment!



 

 

Traders Lab

Volume, the Mystery

By Nigel Hawkes, President, Hawkeye Traders*

 

Many thousands of words have been written on volume over the years, but its secrets elude many traders. Until a trader has a full understanding and appreciation of volume, though, it is my considered opinion that he or she will be making judgments that do not take into account the basic “supply and demand” of the market.

Probably the greatest proponent of volume was Richard Wyckoff, who, in the early 20th century, read the ticker tapes using volume as his lead indicator. It is quite remarkable that, at that same time, two other great traders, Elliott and Gann, were also making their mark as great traders.



 

 

Trading Bands

By John Bollinger, CFA, CMT, Creator of Bollinger Bands*

 

Trading bands have been around for many years and come in many varieties. Sometimes they are called bands, sometimes envelopes, and, occasionally, channels. The methods of computation are all over the board, some adaptive, some fixed.

 

Whatever the name or method of computation, all trading bands serve the same general purpose; they define whether prices are high or low on a relative basis. The trader, armed with that information, can, then, make rigorous trading decisions. Those decisions might involve pattern recognition, confirmation (or lack thereof) with other technical indicators / methods, or they can focus on the information generated by the bands themselves.



 

 

Book Reviews

Review of The Master Swing Trader By Alan Farley

Reviewed by Ed Dobson, President, Traders Press, Inc.

Author, Alan FarleyIn The Master Swing Trader, the author, Alan Farley, gives the impression of attempting to encompass within 443 pages every rule and concept about short-term stock trading strategies that has ever been promulgated in modern literature. While he does not actually accomplish this, the text gives the impression of providing “all you ever wanted to know about short-term, technical trading”.

 

 

Review of An American Hedge Fund By Timothy Sykes

Reviewed by Ed Dobson, President, Traders Press, Inc.

An American Hedge FundThe subtitle of this book pretty much tells it all: How I Made $2 Million as a Stock Operator and Created a Hedge Fund. The blurb on the front cover touts it as “…A follow-up to the classics, Reminiscences of a Stock Operator and How I Made $2 Million in the Stock Market.

Author, Timothy SykesAt the Traders Press booth at the recent New York City Traders Expo, the young author of this autobiography commanded my attention by pulling me aside and advising me of the magnitude of his many achievements…and by kindly presenting me with a complimentary copy of his own, newly self-published book.

 

 

Trading Corner

What's Hot

Anthracite Capital Rallies In Pre-Market On Higher Q1 Profit

Thu May 15 08:27:00 2008 EDT

(RTTNews) - Anthracite Capital (AHR) climbed in pre-market trading, up about 8 percent. The advance came after the company reported a rise in first-quarter profit.

 

 

Copper Rises To Weekly High

Fri May 16 17:24:00 2008 EDT

(RTTNews) - Copper climbed for the second straight day on Friday in U.S. trading and reached a weekly. July copper climbed to $3.83, 9 cents for the day. The red metal moved as high as $3.8595.

 

 

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