Since the market is closed today, I took some time to answer some more reader questions:
Thomas asks: What chart service do you use?
Market Speculator answers: I use Telechart. Every evening, I run my scans (breakout, pullback, etc) and flip through charts from my watchlists. Over the weekend, I analyze the best and worst performing sectors, then drill down to the individual stocks within those sectors.
Thomas asks: What are your typical plays--setups that you trade?
Market Speculator answers: I have a variety of setups that I use according to market conditions and time frames. There are too many to name here. For long term positions (an account I don't detail on this blog), I like to trade long term trend pullbacks and buffet-esque value plays. The few days a year I daytrade, I like to use pullbacks and breakouts combined with sentiment and breadth indicators.
The bulk of my trading comes from the swing trading setups. I trade many different setups. I dont' subscribe to the theory that you should have one methodolgy and follow it religiously. I believe you have to adapt to the market environment. Some of my favorite setups are: earnings breakout, breakout-pullback, trend-pullback, momentum breakdowns, distribution setups, bull and bear flags, bearish topping patterns and simple rangebound setups.
Thomas asks: What indicators do you follow closely?
Market Speculator answers: I don't focus a lot on indicators. I mainly look at price, volume patterns, and support and resistnace levels. However, I do like to look at OBV to help with volume pattern identification and strength. I also use stochastics.
Off topic questions:
Brian asks: You used to post heavily about the television shows you are watching. What are your current favorites?
Market Speculator: Yes, I don't post off topic as much as I used to.
I recently got hooked on the HBO series The Wire. Best cop show I have ever seen. What I love about it is its not black and white, good versus evil. At certain points in the series, I've felt more of a connection with the gangsters than cops and politicians. One of my all-time favs.
Lost is also one of my all-time faves. Love the blend of sci-fi, philosophy, human psychology, mystery and drama. The show keeps getting better.
I watch How I Met Your Mother simply for one character, Barney played perfectly by Neil Patrick Harris. The character is "legend-ary".
Okay, I have to admit, I watch American Idol. I don't know why.
The only other reality show I watch is The Ultimate Fighter. Some great fighters have come from that competition.
Other favorites that are either not out right now or I watch via DVD: Friday Night Lights, Curb Your Enthusiasm, Heroes, Smallville (out but I watch the DVD and Prison Break.
Showing posts with label tv. Show all posts
Showing posts with label tv. Show all posts
Friday, March 21, 2008
Wednesday, November 21, 2007
Odds and Ins
I am not doing much trading today. Just managing my positions. BCSI was on my radar after the breakout, but the gap down today concerned me.
Don't forget, I'll be posting answers to your questions later this week. Ask me anything. Send your questions to: SinghJD1@aol.com
I'm going to spend the rest of the day doing some light reading and catching up on a few TV shows and movies. I am currently reading two books.
Against the Gods: The Remarkable Story of Risk by Peter Bernstein, takes a fascinating look at the history of probabilty theory and risk. While it may sound boring, it's a page turner.
House of Leaves by Mark Z. Danielewski is the freakiest book I've read in quite some time. Smart, scarey, hip, spooky, funny, romantic, sexy and sadistic are a few adjectives that still can't quite do the book justice.
Take a look at this link from Lifehack.org on self-teaching. I have taught myself much of what I know, and this article does a wonderful job of outlining how to teach yourself anything.
Currently my five favorite televison shows are Curb Your Enthusiasm, Heroes, Smallville, Ultimate Fighter and Friday Night Lights.
As I posted after the season finale, Curb ended with a great episode. I am now watching reruns. I've seen them all, but they still are hysterically funny. Hereos and Smallville are great if you are into conspiracy, comics, sci-fi, intricate plots and good acting. Friday Night Lights takes a look at a small high school football town in Texas and Ultimate Fighter is a reality competition that gives a fight contract to the best fighter.
Movies on my que are Reign Over Me, Children of Men and Sicko.
Don't forget, I'll be posting answers to your questions later this week. Ask me anything. Send your questions to: SinghJD1@aol.com
I'm going to spend the rest of the day doing some light reading and catching up on a few TV shows and movies. I am currently reading two books.
Against the Gods: The Remarkable Story of Risk by Peter Bernstein, takes a fascinating look at the history of probabilty theory and risk. While it may sound boring, it's a page turner.
House of Leaves by Mark Z. Danielewski is the freakiest book I've read in quite some time. Smart, scarey, hip, spooky, funny, romantic, sexy and sadistic are a few adjectives that still can't quite do the book justice.
Take a look at this link from Lifehack.org on self-teaching. I have taught myself much of what I know, and this article does a wonderful job of outlining how to teach yourself anything.
Currently my five favorite televison shows are Curb Your Enthusiasm, Heroes, Smallville, Ultimate Fighter and Friday Night Lights.
As I posted after the season finale, Curb ended with a great episode. I am now watching reruns. I've seen them all, but they still are hysterically funny. Hereos and Smallville are great if you are into conspiracy, comics, sci-fi, intricate plots and good acting. Friday Night Lights takes a look at a small high school football town in Texas and Ultimate Fighter is a reality competition that gives a fight contract to the best fighter.
Movies on my que are Reign Over Me, Children of Men and Sicko.
Monday, March 05, 2007
Tuesday and Off Topic Stuff
There isn't much new to report with regards to my strategy going into Tuesday. I plan to try to unload my QID position into strength, and possibly repurchase on weakness, as I did today. You know the saying: keep striking while the coal is hot. Until this strategy ceases to work, I'll keep at it.
I do think there will be a market bounce, although I can't predict when it is going to come. Ideally it would have already started, but Mr. Market don't play that way. It's taking longer because everybody is looking for it. Once everybody gives up, that's when the bounce will come.
I can't wait for the bounce. I plan to twiddle my thumbs until the bounce reaches resistance levels, and then will deploy some more shorts. Till then . . .
Off topics:
It's too bad UFC is not reported in mainstream sports pages. What Randy Couture did this weekend was nothing short of amazing. At almost 44 years old and coming out of retirement, he won back the heavyweight belt by dominating a man 14 years his junior and who outweighed him by a good sixty pounds.
I was walking on cloud nine after my beloved 49ers signed cornerback Nate Clemons. Ashlie Lelie could be a shrewd pickup as well, if he finally lives up to his unlimted potential.
Heroes might be the best show on television. Tonight's episode was no exception. The Spiderman 3 preview was great as well. I can go on NBC.com to view 7 more minutes of the movie, but I don't want to know too much going into the movie.
Is the way "we" perceive the world reality? A fly's compound eye allows it to detect things we can't. A dog can hear sounds that don't exist, as far as we're concerned. Snakes can "see" heat. Is the world as we see it, or is it just a construct of our perceptions, developed through our evolutionary "needs"? These are the types of questions I find myself asking after reading a collection of essays and biographical infomation on Phillip K. Dick and Richard Dawkins God Delusion.
Yes, I'm keeping up with my New Year resolutions. It's been tough and enjoyable making time to read a book a week. Next up is Rousseau's Dog, by David Edmonds, recounting the antagonism that developed between two great philosophers, Jean-Jacques Rousseau and David Hume.
I watched Hollywoodland this past weekend, starring Adrien Brody and Ben Affleck. Pretty good, although I wish they would have come to a conclusion about George Reeves death. At any rate, I gave in a 4/5 stars on the netflix rating system.
I do think there will be a market bounce, although I can't predict when it is going to come. Ideally it would have already started, but Mr. Market don't play that way. It's taking longer because everybody is looking for it. Once everybody gives up, that's when the bounce will come.
I can't wait for the bounce. I plan to twiddle my thumbs until the bounce reaches resistance levels, and then will deploy some more shorts. Till then . . .
Off topics:
It's too bad UFC is not reported in mainstream sports pages. What Randy Couture did this weekend was nothing short of amazing. At almost 44 years old and coming out of retirement, he won back the heavyweight belt by dominating a man 14 years his junior and who outweighed him by a good sixty pounds.
I was walking on cloud nine after my beloved 49ers signed cornerback Nate Clemons. Ashlie Lelie could be a shrewd pickup as well, if he finally lives up to his unlimted potential.
Heroes might be the best show on television. Tonight's episode was no exception. The Spiderman 3 preview was great as well. I can go on NBC.com to view 7 more minutes of the movie, but I don't want to know too much going into the movie.
Is the way "we" perceive the world reality? A fly's compound eye allows it to detect things we can't. A dog can hear sounds that don't exist, as far as we're concerned. Snakes can "see" heat. Is the world as we see it, or is it just a construct of our perceptions, developed through our evolutionary "needs"? These are the types of questions I find myself asking after reading a collection of essays and biographical infomation on Phillip K. Dick and Richard Dawkins God Delusion.
Yes, I'm keeping up with my New Year resolutions. It's been tough and enjoyable making time to read a book a week. Next up is Rousseau's Dog, by David Edmonds, recounting the antagonism that developed between two great philosophers, Jean-Jacques Rousseau and David Hume.
I watched Hollywoodland this past weekend, starring Adrien Brody and Ben Affleck. Pretty good, although I wish they would have come to a conclusion about George Reeves death. At any rate, I gave in a 4/5 stars on the netflix rating system.
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