Thursday, November 10, 2005

Chart of interest....

Yesterday's trade opened up for a brief period allowing a profitable exit, but not much to speak of.

Todays chart: PLXS

Wednesday, November 09, 2005

On my screen...

A potential buy at close and sell at open trade?

SPY action

The chart seems to show why the rally has temporarily ran out of gas (since trading volume has declined....)

Tuesday, November 01, 2005

Screens empty

My trading screens came up blank today. Which is fine because I'm not planning on making any purchases until after the dust has settled after the Fed policy decision. Seems like this market leaves windows of profitable trading opportunities centered around rate decisions.

This is the longest all year that I have gone in cash. I am still there today and have been in cash for three weeks so far. The quality of my blog is suffering. But my investment performance of +0% isn't bad considering what I read in the NY Times this morning about awful hedge fund performance in October. In November, many funds allow distributions. I wouldn't be surprised if we see a few down days early in November as funds are forced to sell to meet customer distribution requests.