Charts and Coffee

Is Stock Picking Back?

admin — Thu, 29 Jul 2010 11:13:17 +0000

Yesterday I added a position in CHL. It is one of the stocks I mentioned a few weeks back. I would classify this market as moderately weak and non-trending. We’ve been going up over the past few weeks, but the longer term charts are still bearish (albeit perhaps turning). Traders have grown accustomed to strongly trending [...]

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Do You Want To Save Time and Money?

admin — Tue, 20 Jul 2010 13:16:15 +0000

Almost all financial pundits have an opinion. Typically, most pundits either through TV, newsletter or blog have some call to action. Buy this, sell that. There is always confidence and conviction (albeit artificial) behind every call to action. You don’t often hear “relax and leave your money in cash until the market recovers technically.” Sure, [...]

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What If Drug/Human Smuggling Cartels Were Publicly Traded

admin — Tue, 06 Jul 2010 23:48:24 +0000

This is not a political blog and therefore I will keep this post narrow in scope. Today the Justice Department filed a lawsuit challenging the Arizona immigration law. I’ll sidestep even discussing whether the law “invalidly preempts federal law.” I also don’t want to get into how illegal immigrants should be treated. I also don’t [...]

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Four Technically Sound, High Yielding, Low Debt Companies

admin — Mon, 05 Jul 2010 21:35:15 +0000

Warning, we are in a bear market. Using the 200 day moving average as a line of demarcation between a bull and bear, we can safely label this market as a bear. Further, many of the major averages are about to confirm the 200 DMA break by breaching the 300 DMA. IWM, QQQQ, and DIA all [...]

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You Don’t Always Have To Play

admin — Thu, 01 Jul 2010 17:07:04 +0000

For those that left the market with me in April, not trading for two months seems like a pretty great deal right now. One thing I’ve tried to communicate in prior posts is that it is fine to stop trading for a month, three months or even a year. Of course, there is tremendous bias [...]

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China Has Been Your Indicator

admin — Tue, 29 Jun 2010 14:50:41 +0000

I’ve mentioned numerous times how China is my primary indicator. Part of the reason I pulled out of the market at the end of April was because FXI broke below its 200 DMA. Recently, we had a failed breakout over the 200 DMA and now the index is trading below its 200 and 300 [...]

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Next Big Short: For Profit Schools

admin — Thu, 24 Jun 2010 14:50:00 +0000

Steve Eisman, the outspoken investor whose huge wager against the subprime mortgage market was chronicled by author Michael Lewis in his bestselling book The Big Short, has set sights on a new target: for-profit colleges of the kind of you might see advertised on daytime TV and at bus stops. Think ITT Educational Services, Corinthian [...]

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Journal Entry: June 23, 2010

admin — Wed, 23 Jun 2010 14:05:00 +0000

On Monday, we had a breakout-fake out. FXI broke through the 200 DMA but couldn’t hold it. The smart move on Monday was to wait for the close to see if the move was real. Those that did that did not get fooled. I did open a few small positions before the close because the [...]

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Journal Entry: June 21, 2010

admin — Mon, 21 Jun 2010 11:52:16 +0000

While the blog is paused, I may make journal entries from time to time. The journal entries allow me to go back and see where my thinking was right and where I was wrong. I figured I would share it publicly. Because I am not monitoring comments, I have turned comments off. The major indexes have [...]

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Charts and Coffee Is Paused

admin — Sun, 13 Jun 2010 15:09:17 +0000

I have decided to put Charts and Coffee on pause. I can’t guarantee that I’ll hit play again, but I leave open the possibility. Charts and Coffee currently has over 700 subscribers. We only have 24 hours in a day. I’m grateful for all of the readers that take a few minutes out of their [...]

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