I don't think too much should be made of today's selling. The S&P and Dow simply gave back Monday's ill-gotten, stupidly low-volume gains. Things were a bit worse on the Nasdaq which gave back a portion of its post-Fed announcement rally. It threatened to slip back into that fun June trading range today but was able to bounce off the top of the range. The Russell also gave up Monday's gain

On Monday the indices floated higher on very little volume. The S&P and Dow broke above their 50-day moving averages. Given the importance of those moving averages I would have expected the indices to give those gains back. This morning's weakness is being blamed on the North Korea missile situation but I thi

As a follow-up to the previous post about percentage gains I made up the following poll: (Edit: to be clear, I'm not talking about annualized gains over multiple years. Just a one-time, one year return.)

Second Edit: Apparently the highest level on the poll, 200% is jus

I answered this question earlier today and thought I'd expand on it on the site:

Here are some questions about the “My Path to 100 R in Profits from Day Trading: April 26, 2006” overview:

You said "It took too long to get to 100 R. I should be double that by now."

...read more

Source - http://tradermike.net/2006/07/a_question_about_percentage_returns

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I was asked do a chart of GM which was on fire today on news of a potential alliance with Nissan Motor Co. Ltd (NSANY) and Renault SA (EPA:RNO). Here's the chart: