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Trading Lesson: Buy Winners, Not Losers
Remember this basic strategy to save yourself from racking up big losses or holding lots of red and sweating it. We have multiple discussions in the live chat throughout the day. This point keeps coming ...
TIPSTER: Sell The Summit – EU Leaders Disappoint … Again
Quote of the Day: … if you just look at the 312 million [people] in the US with the 16.4 trillion [dollars of federal debt], that’s 52,409 dollars per man, woman and child. Rick Santelli – CNBC ...
Senator Marco Rubio To President Obama: Raising The Debt Ceiling A Sixth Time?
Another open letter to President Obama has gone viral among the masses via social media. First it was Leon Cooperman's letter to President Obama that was highly discussed, now it is Senator Marco Rubio expressing ...
TIPSTER: Bye Bye “Merkozy” Hello “Merkeron” – Hit Sarkozy Fire An Economic Bazooka Or Hurl A Political Boomerang?
Quote of the Day: Austerity, as painful as it seems (and as much as the Europeans and the Americans say that “we don’t want austerity” under any measure) worked for Asia – and who are we ...
Weekly Traders Homework: Frustrated Bears (w/Economic Calendar & Stock Radar)
Another frustrating week for the bears. Bears continue to pound their heads against the wall as nothing seems strong enough to take the markets down. Weaker-than-expected GDP did not even phase the markets much on ...
Biotech: Merck Day Slides And Notes RE: Biosimilars
See below for some snippets and slides from Merck R&D day about their biosimilars programs (saved before more recent headlines about new Enbrel patent, AMGN-WPI, and BAX-MNTA collaborations). Perhaps the slide and commentary collection will be useful ...
Can Rick Santelli Teach President Obama Basic Math?
Chicago's Rick Santelli discusses another way to view the budget with the most simplified view I have seen so far. As I always say, Santelli is a voice of reason on major media television that ...
Canady: Bizarre Story Shows Continuing Strength Of Apple's Appeal
Looking around at just about any modern city in the world you might be forgiven for thinking that Apple (AAPL) has taken over the world. With literally millions of Iphones, Ipads, and Ipods being sold ...
Potential Trades This Week: Looking For Consolidation
Referencing the weekly homework and stock radar, I am highlighting a few of the charts below for potential trades in undervalued stocks. We finally saw signs of consolidation this morning, but it was short-lived creating continued ...
A Daytraders Strategy: Part 2 of 2
Continued from Part 1 of A Daytraders Strategy Another successful strategy I use to day trade is very similar to the one used in Part One. However, this strategy uses different indicators to lead the decision ...
Using Treasuries As A Shadow Chart
As the market bottomed weeks ago, so did ProShares UltraShort 20+ Year Treasury (TBT). Coincidentally, the same day the markets bottomed, so did TBT. Treasuries have continued to sell off, which seemingly has helped fuel ...
Michael Kudrna
STO March 178 calls 10 contracts for 2.35 (+2350) STO March 164 Put for 2.40 5 contracts (+1200) The net cost of this trade is $800. I will go equal weight on the puts if the price of GLD falls more. If the position starts moving in my direction I may close down the put position or add some one at a time at a higher strike to fully finance the trade