Archive for August, 2011
Oil Is Setting Up For A Short
Posted by TheArmoTrader on August 31st, 2011 at 11:19 pm, Comments: 0
It had been no secret that I was bearish on crude oil for a good part of this year. However, when my target got hit a few weeks ago in the overnight session, I tweeted out that I became neutral.
A Truly “WTF?” Kind of Day
Posted by TheArmoTrader on August 31st, 2011 at 12:06 am, Comments: 0
Today was real weird. Correlations were non-existent for a good part of the day.
The Potential Leading and Losing Sectors
Posted by TheArmoTrader on August 30th, 2011 at 11:38 pm, Comments: 0
Being in the midpoint of the massive drop from major support on the $SPX and the YTD lows, I thought it would be a good idea to take a look at the leading and lagging sectors.
First Close Over 20day Since…
Posted by TheArmoTrader on August 29th, 2011 at 11:13 pm, Comments: 0
Today, the S&P 500 Index ETF ($SPY) had its first close over 20 day SMA since …
The Majority of America Does Not Care About Stocks
Posted by TheArmoTrader on August 28th, 2011 at 5:24 pm, Comments: 0
Yes, I said it. The majority of America does NOT care about stocks. Am I Crazy? Perhaps a bit, but how many crazy calls has man made that later turned out to be true? So why does America not care about stocks?
Trade Review: Get After It
Posted by TheArmoTrader on August 25th, 2011 at 11:59 pm, Comments: 0
Today I had a solid day in terms of profits, but I should have performed much much better. I do not care about the numbers, I just want to make the correct trades. If I do that, the rest (profits) will follow.
The Market Is Making a Higher Low
Posted by TheArmoTrader on August 23rd, 2011 at 11:40 pm, Comments: 0
The market had a nice green “Face-Ripper” kind-of-day today. We gaped up, filled the gap like everybody thought, and headed higher almost instantly from that point on and never looked back. Today was a positive day for the bulls as it brings us one step close to setting a higher low.
How I Was Short Gold Yet Lost No Money
Posted by TheArmoTrader on August 22nd, 2011 at 11:16 pm, Comments: 0
This post is mainly going to be a semi-reflective educational one. I was short gold in July via the PowerShares DB Gold Double Long ETN ($DGP). However, I lost no money. How did this happen?
What’s Up With The Dollar?
Posted by TheArmoTrader on August 18th, 2011 at 10:48 pm, Comments: 0
The US Dollar is of much importance to the markets. As we all know there has been a decent inverse correlation between the market and dollar for quite some time now. However, this correlation has basically ‘took a pause’ since the market topped on May 2, 20011. So what’s up with the dollar?
A Shift In Momentum?
Posted by TheArmoTrader on August 16th, 2011 at 11:37 pm, Comments: 0
After a massive sell-off the last 2 weeks, are we seeing a possible shift to upside momentum in the markets again? These last 3 trading days seem to say so.
Jerry Khachoyan is currently an undergraduate student at UCLA pursuing a degree in Political Science. He started trading in September of 2008. He concentrates on using technical analysis and reading the tape to enter the best risk/reward trades. The stock market to him is one of the greatest inventions by man.
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