Trading brief
at 2006-04-04 01:40:17
One quick note here on NEW.NEW oopened slightly over it’s resistance high of 45.65 and is now trading over 46.00. Wall St. Warrior made a mention of it breaking out yesterday,nice call.I played long starting at 45.90,adding taking some off and adding again with a final sale at 46.69.Nice setup off the 1 minute chart especially at the 9:43 and 9:46 candles off the 5 period sma.Good trading all.
This thing is known to fall back quickly,as I have watched it trade for over a year now.
Update 11:57: NEW broke out after a small pullback intraday,I missed that re-entry,but nice call to Wall St. Warrior on that one.
Trading and the fed
at 2006-04-04 01:40:17
Today and yesterday offered some great opportunities.I had a few nice shorts in ICE today one was from the 69.25 off the 11:44 am 1 minute candle. Rode the 5 period moving average down and covered at 68.61 for a nice trade.The market didn’t seem to like the statements from the fed as there was a fairly harsh selloff after the announcement as the fed raised another .25 basis points.They also seemed to hint there is still more raising with a target of 5.25 as we now sit at 4.75. Lots of opportunity out there either way.Good trading everyone.I know I’m lacking in the visual department lately,just haven’t had the time for much blogging lately.
GLOBAL MARKET GROWS AMERICA
at 2006-04-04 01:40:05
 Last year, Apex sold more DVD players and recorders in the United States than any other company but Sony. Apex's success illustrates the emergence of ultracheap electronics brands, which began to appear on shelves at Wal-Mart, Target, companies consumers feel will take care of them. Apex,like moset electronic firms, has ties to Chinese companies which force competitors to slash prices of their lower-end products.
Yet millions of shoppers find the low prices hard to ignore, buying brands they've never heard of based on price alone.
Electronics are becoming more affordable overall: with the price of DVD p
WORLDWIDE MEGA COMPUTER NETWORKS ON THE WAY
at 2006-04-04 01:40:05
All the big internet companies, including Amazon, Yahoo, MSFT, EBAY and Google are developing MEGA COMPUTER NETWORKS. Storage space on personal computers is about to become your personal back up space. You will not really even need to use it.
The link above takes you to the description of the new Amazon service; unlimited secure storage. Google offers unlimited storage space for the current price of "free". The world of computing is changing rapidly. Google in particular offers programs that make the old way just that.
Why pay for a word processor? The new Google word processor is a superior product because it is designed for collaboration across the internet. A letter or any document can be posted, edited by anyone who is granted permission and stored for all members of the organization to recall at any later date.
The convergence of systems is moving forward. Everything from Skype Me buttons on EBAY to v
STOCK OF THE WEEK: OIL DRI at 2006-04-04 01:40:05
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