Josh Brown, the Reformed Broker, had this to say today about Lithium. The Reformed Broker: Lithium I met Josh at a conference last year and even though he is young (maybe 40) I like what he has to say... most of the time. So, I checked out the price action on the names he mentioned. Very interesting. Josh is not in the Global X Lithium ETF (LIT) but I like it. Here is the weekly chart from late 2010. Global X Lithium ETF (LIT) weekly Price has cleared a six year congestion … [Read more...]
Performance Metrics for Past 6 Years
I recently bought a third party Excel spreadsheet that analyzes trading performance metrics. I'm not allowed to share the actual file but the developer allows screenshots of the file. The developer has sold thousands of his analytics worldwide. This is what he said of my performance... "Although I’ve seen some really great performance, on average, the numbers that I generally see are not nearly as good as yours." Evidently, my 35 year trading research journey has not been in … [Read more...]
Always Begin with Long Time Frames
OK, tech is just ripping higher. QQQ is up almost 500% from the 2009 lows. But, it's only up about 20% from the highs in 2000. That's a paltry 1.17% return per year from the previous high. Tell me again why buy and hold works. Powershares QQQ Trust (QQQ) monthly Stay long tech until further notice. Worldwide equity markets continue to rip higher. Continue to hold and always be prepared to be nimble. Trade Smart, Don … [Read more...]
[Trade alert] Time to bank profits
Medtronic PLC (MDT) daily Price has failed at resistance with a big down day yesterday, Monday. Sell it and bank about 15% profit from our January recommendation. Trade Smart, Don … [Read more...]
The Summer Doldrums
Who pressed the pause button on world wide stock market indexes? Some have hit price resistance and are either in a distribution or accumulation phase where buyers and sellers are doing battle at the front lines. Pretty typical summer price action I would say. All open positions still look good...continue to hold. As an example please note SPY... SPDR's S&P 500 Trust Series ETF (SPY) weekly Price has been trading, for the most part, inside the channel formed by the two par … [Read more...]
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