The markets are having a hard time holding their rally and the Nasdaq’s even turned red now. I did a small pre-earnings trade. Ciena reports earnings tomorrow morning before the open and I’ve read nothing but explanations of why they are likely to really miss and guide lower and get crushed tomorrow. And that might […]
Come meet me in the chat room to ask me anything you want…
Hey, don’t forget to come meet me in the chat room to ask me anything you want. Today at 2pm EST. See you at https://tradingwithcody.com/chat. The markets are staying steady again today, and the further and steadier we rally from those recent panicky lows, the harder they should be to revisit. See you soon! […]
Great trading isn’t always about buying and selling…
And they’re off. Up along the outside, it’s Autodesk, which has been one of the single most volatile stocks in the market since we first bought it, right around these levels just a couple weeks ago. Bumping each other in the middle as they jockey for position is Microsoft and Adtran, both up nicely in […]
Time to panic! Or not…
Greece! Oh my goodness, did you hear about Greece?! There’s a debt problem over there. And it might lead to contagion. You better sell your stocks right now because of this Greece contagion risk. Oh wait. My bad, I was watching a replay of CNBC from two weeks ago. Or was it two months ago. […]
Billie Jean if you’re out there, I love you…
“Those who cannot remember the past will spend a lot of time looking for their cars in mall parking lots.” – Jay Trachman Good morning and welcome back to the world’s biggest shopping mall. Make sure you’ve got your wallet in your front pocket. The markets are down a bit after the open here. Some nice orderly […]
We can a learn a lot about trading from cowboys and horses…
Monty Roberts, the great horsewhisperer whose autobiography I am currently reading, talks about how horses are “lean into” animals. That is, they lean into pressure. You want a horse to turn left, you don’t get a team of wranglers to push him on his right side — you can simply, by yourself, usually get him […]
You almost lost your mind…
You said you were hurting, You almost lost your mind Now the man you love, he hurts you all the time but when things go wrong, go wrong with you It hurts me too — Elmore James And the Nasdaq is now up more than 3% on the day as the rally continues. The bears will point to […]
Response requested: Who’s more scared right now, the bulls or the bears?…
I know it’s only been six days — four trading sessions since I first asked you guys to weigh in on the question: “Who’s more scared right now, the bulls or the bears?”. At the time, last Tuesday, the DJIA was below 11,000 and I got about 100 replies from you guys — I can […]
I might prefer to see a little more “steady betty” and a little less “volatile Veronica”…
“Mental toughness is many things and rather difficult to explain. Its qualities are sacrifice and self-denial. Also, most importantly, it is combined with a perfectly disciplined will that refuses to give in. It’s a state of mind-you could call it character in action.” — Vince Lombardi Impressive rally so far today, but… But I think […]
Have we really bottomed?…
It’s a brand new week. And the markets are up again. Last week, when we were under DJIA 11,000, I wrote: I do think we’re getting closer to bottoming sooner rather than later. I’ll rephrase — I think this market might finally be putting in a bottom around the 10,800 level or so. And […]
Latest positions and some trout to catch…
The markets have reversed their selloff and are trading up nicely for the day. Here are my positions heading into the weekend, as I hit the road to go flyfishing with my father once again: Longs – Google Sandisk Apple Riverbed Cisco Marvell Nuance Microsoft Cypress Autodesk DBA Ciena Corning Visteon Adtran Shorts – LPS […]
Chat Transcript for 8/24/2011
You said recently its not about the day to day trade its the idea we are investing for the next few decades. Do you feel this bear market (being called one by your fellow columnist Rev Shark) we are in will affect your stocks in a materially negative way short term from this S&P 1120 […]
Despite the last couple days’ declines in the broader markets, those levels remain in tact…
Good morning and welcome back to weight room. The markets are down 1%, back to about the 11,000 level on the DJIA. Recall that I’ve been saying this week that I think we might finally be bottoming somewhere here between DJIA 10800 and 11000. Despite — or indeed partly because of — the last couple […]
Remember how panicky you felt last week? Do you remember why now…
Got a chainsaw buzzin’, Who’s that cussin’ Eyes start blinkin’, The boys all start their wishing Left holdin’ the bag again, Burying it at both ends Don’t believe she’s a friend Thick, thick & thin Let it loose now, let it go to the wind — Black Crowes Pretty red day overall, but again, that’s […]
Apple’s sticking tough — it’s down less than the Nasdaq…
The markets have stalled at about 1% lower here and are, if anything, trying to keep from fading another 1% or so. Anything less than a 2% move would probably be a victory for the bulls, at least according to my old “dislocations” theory — A dislocation being anytime the market moves more than 2% […]
Markets, Apple update, patience…
A pullback in the markets, but not a panicky rush for the exits. Maybe we really are getting past the overdriven emotions that have been dominating the marketplace. I’ve not done any trades again today — two days in a row. And that’s mainly because most of these stocks are at levels where I’ve already […]
Steve Jobs resigns…
Apple CEO Steve Jobs resigned last night. Let’s discuss. I’ll reprint the entirety of what Steve Jobs, the now ex-CEO of Apple, wrote in the letter he sent out at 4:40pm, two minutes before Apple itself followed his email blast up, with the formal announcement of their own: To the Apple Board of Directors and […]
Tips for helping us to pay attention to what matters and to ignore the noise…
And that’s a wrap. The markets started flattish and pretty much steadily rallied all day finishing up about 1% across the board. That is indeed exactly the kind of slow rebuilding and gradual intraday strength that the bulls should probably want to continue to see. No trades for me today, but I did answer a […]
How hard has it been to buy lately…
Come on, my friends, Let’s make for the hills. They say there’s gold but I’m looking for thrills. You can get your hands on whatever we find, ’cause I’m only coming along for the ride. — Pink Floyd “What do you think of gold?” If I had a gold coin for every time I’d heard […]
Gold, ghosts and chats…
Oda Mae Brown: He’s stuck, that’s what it is. He’s in between worlds. You know it happens sometimes that the spirit gets yanked out so fast that the essence still feels it has work to do here. Sam Wheat: Would you stop rambling? Oda Mae Brown: I don’t think I’m rambling, I’m just answering the […]