0 Excerpt from The Equity Oracle 11/9/08
Friday finished strong on the DIA so we would expect to see some follow-through on Monday but the overall sentiment is still very weak. As we saw, the market registered the election news with a fairly steady sell-off on Wed and Thurs. While Friday’s trading closed strong, the intraday chart was very flat. That’s not giving us a strong sense of buyers for the coming week. Look for selling as the week moves on – with $80 being the key support level.
Monday gapped up and then sold off for the week. The DIA low was hit on Thursday - at $79.85! A one-week 13% selloff stopped within FIFTEEN CENTS of our projected low! If you want to find out how to learn the language of the markets, too - Click Here for The Equity Oracle!
2 Au Pied de Cochon, Montreal
In the heart of old Montreal, we found the likely destination for lost vegans when they die. Au Pied de Cochon (that would be translated “the pig’s foot”) is all about good meat. While we’re on that subject, have you ever noticed that you can name a restaurant just about anything, as long as you use the French translation? Anyone would be pleased to dine at Couvercle Poubelle, and you’d even wear a sport jacket. Slap that sign up in English -Trash Can Lid - and you’re begging for patrons. Go figure. Continue Reading »
0 Reds Bistro, Toronto
On our last visit to Toronto, we had the great privilege of dining at Canoe, which is at the top of the TD Bank Tower downtown. We were served by Irene Steh, who rolled out the red carpet for us after we discovered our mutual affection for Slovenia, her home country. On our return visit to Toronto this week, Irene told us that her brother, Michael is the executive chef at Reds Bistro. Continue Reading »
0 Answers to Questions from Last Thursday’s Webinar
Q: The markets of the last couple of weeks have been so volatile that isn’t a day chart too late? - Tim
A: A chart, no matter what the time frame, is never too late because it is simply telling us the history of the price action. Continue Reading »
0 Q&A from 10/30 Webinar
Q: Bearing in mind that ‘amateurs open the market and pros close it’, if you see a pivot point after the close, should you wait until the last hour of the following day before putting the trade on? - Andrew
A: We often trade in the last 15 min of the day. So if we see the pivot point holding, we will trade *that* day rather than waiting for the next trading session. Continue Reading »
0 More Options Q & A
Q: I just recently suffered a layoff and I’m a little tired of working for someone else and moving from job to job. Is trading stocks and options something i can do for a living? - Andrew
A: You can trade for a living but you must be prepared to treat it like a real business. You can’t just step in and start pulling cash out of the market. You’ll have a period of learning where you will likely lose money. Continue Reading »
4 Q&A from the Sept. 25th Options Trading for Beginners
Q: If I want to sell before the option expires, can I choose when and does the writer have to buy it back? - John
A: You can choose to sell your option at any time prior to expiration. Continue Reading »
1 Q&A from September 23rd Introduction to Trading Webinar
Q: So is now a good time for short trades (with stocks going down)? - Tom. B
A: It is always a good time for short trades. We don’t consider a market - or parts of the market - to be good or bad. Continue Reading »
0 Da Marino Ristorante Italiano, NYC
Around the corner from Times Square in NY, across from the Ambassador Theater on 49th, is a jewel of Italian dining. Continue Reading »
0 Candle vs. Volume Colors
Q: I suscribe to the Equity Oracle and am learning a lot! I have a question regarding (SYK) Friday close was a hammer with hi volume in red. Today (monday) I saw it closing higher at $67.19 with high volume in green hammer. I understand red mean sellers are winning Continue Reading »
