The market must not have read my morning note about expecting it to stay mostly flat all day today, as the steady strength in most stocks built upon itself throughout the day and we ended near the highs with tech leading the way. After hours RIMM, a 2/10 Revolution Investing rated stock from my 50 […]
Google can’t scan and make every book ev…
Google can’t scan and make every book ever published available to the world because a Judge in NY thinks that consumers would be hurt if they were to get access to such information from only one company. So instead, we’re not allowed to get access to that information at all. Forget a monopoly…are they trying […]
Ciena, Cypress and a few others are real…
Ciena, Cypress and a few others are really putting on some nice moves this morning. The markets are drifting higher and I’m looking at adding a couple more short names today and tomorrow. Here’s my analysis on why I’m looking to start shorting Live Nation from my recent republished/updated report, 14 Stocks That Could Double […]
So the markets look as though they are g…
So the markets look as though they are going to try and stabilize here around the DJIA 12,000 level. I think we’re going to need some sort of a catalyst, perhaps some good news out of the middle east and a subsequent drop in the price of oil. Or, maybe some positive domestic economic confirmation. […]
Email from a Trading with Cody subscribe…
Email from a Trading with Cody subscriber: “Hey Cody! What do you think about the reverse split with Citi? Buy?? The other big banks? Buys? Thanks, Shawn.” Shawn, earlier this week, I started shorting the XLF of which Citi and its welfare-funded business is a part. Citi would be insolvent right now if not for […]
Its almost a welcome sight to see the ma…
Its almost a welcome sight to see the markets flattish to slightly down this morning after the recent wild volatility week we’ve been having. I’m itching to buy more but discipline always trumps itches. I will not force trades. I will not force trades. Say it with me. Great traders are as good at not […]
Like trying to skip stones in the tiny R…
Like trying to skip stones in the tiny Rio Ruidoso, where they might skip once only to wedge themselves into the muddy bank on the other side, so too act the stocks trying to make any kind of a significant move themselves today. Just a “thoomp” into the mud and we’re stuck at the close […]
These markets and the willingness for tr…
These markets and the willingness for traders to risk paying up for higher prices in the near-term is likely to be driven by the newsflow out of Japan. Regardless of the near-term multiple/risk appetite of the market, let’s remember the lessons we discussed about why we should pretty much just be ignoring (fill-in-the-blank foreign crisis, […]
The broader markets are trying to hold s…
The broader markets are trying to hold steady just barely down on the day after having started the day just barely up. But those indices are hiding the ugly action underneath, with lots of stocks down 3-5% and breadth stinking too. Work those buy orders slow and/or look to add to some of the shorts […]
A flattish open! Stop the presses, it’s…
A flattish open! Stop the presses, it’s been a long, long time since we last had a flattish open. Well, it’s been a few days at least. At any rate, it feels a bit slippery out there to this trader and I expect the path of least resistance for the intraday action today is lower. […]
The days just come and go in a hurry as …
The days just come and go in a hurry as we sit here staring at these blinking lights all morning and afternoon, don’t they? Look at any intraday chart of any major stock index and you’ll see the same pattern I mentioned earlier about how the stocks seem to stay right about where they open […]
One unmistakable pattern in the markets …
One unmistakable pattern in the markets the last couple weeks — where they open, they pretty much close. While we’ve had our fair share of 1% intraday moves since I started trading again, we haven’t had a full intraday swing from positive to negative or from negative to positive in a long time. The markets […]
I shorted some XLF, an exchange-traded f…
I shorted some XLF, an exchange-traded fund (ETF) that represents a bunch of financial, mortgage servicers that gets me short the TBTF, bankster stocks that are somehow still receiving “emergency” welfare and interest rate loans from the taxpayer and are now going to start literally transferring some of that taxpayer largesse that they are receiving […]
Big moves across the board in most of ou…
Big moves across the board in most of our stocks this morning and the market breathed a sigh of relief that Japan isn’t any worse than it is. We were buying aggressively at lower levels and our portfolio shows that relief today. I’m probably going to work to start building on some of my short […]
It has been a very volatile trading sess…
It has been a very volatile trading session as expected this morning. There was no Oomph since the open. I didn’t do any trades today and I’m going to go fishing instead. Remember to enjoy life and I’ll see you guys early this Monday.
Another strong rally to start the day bu…
Another strong rally to start the day but once again it feels like there’s to be little oomph from here to the close. I won’t be looking to force any trades today but there are still a couple new names that I’m looking to buy, so we will see. The market is indeed looking past […]
We never did get much of a lift from the…
We never did get much of a lift from the opening pop, though the close was indeed rather strong. Things can change in a heartbeat, as always, but it sure does seem like the market’s path of least resistance is higher, if we can avoid more traumatic headlines from Japan. My best trade […]
It sure looked like we were going to fad…
It sure looked like we were going to fade all the way back to flat or down on the day there for a while, but the market has stabilized as the contra hour starts. I’m not pulling any triggers this afternoon. On another note, doesn’t it figure that the current Republican/Democrat Regime leader, President Obama, […]
I’m following almost the exact same play…
I’m following almost the exact same playbook I’ve been outlining for the last year. Despite the pullback they were already in, and despite the heart-wrenching tragedies and worrisome radiation threats from Japan, the broader stock markets have hung in there, down only 5-10%. Meanwhile, many of my favorite “app revolution” stocks, some of which were […]
And here comes the relief rally predicat…
And here comes the relief rally predicated upon the not-horrid news flow out of Japan. That’s not to say the news flow isn’t tragic and worrisome. We’ve got a nice, wide rally to start the day but I don’t expect we’ll get a whole lot more magnitude of a move to the upside for here […]