. <b>A simple check list, I like to follow:</b> <ul> <li>Never make any buys in the first <b>45 minutes</b> of trading, I learnt this from a hedge fund manager. <li>I make most of my buy sin the last <b>15 minutes</b> before market close. <li>I have COMPLETELY stopped listening to CNBC and the Gurus thereof. <li>Never hold more than <b>8</b> stocks or Etfs or Mutal Funds at any give time. <li>Always have stop losses in place, a simple rule of thumb is to set <b>7%</b> trailing stop. <li>Always have an overall idea of where the broader market is. I suggest you read this post for more details. <li>Don't look for what others are doing. Make a decision and go with it </ul>
<b>Market View - 22.Feb.2010</b> <b>NYSE Percent of stocks above the 50 Day MA: 59%</b> Buy Aggressively <b>Buy Cautiously</b> Hold Sell Cautiously Sell Aggressively (the highlighted option is my current sentiment) <b>MY ETF Watch List for this week:</b> <ul> <li>EUO <li>ITB <li>XBI <li>USD <li>MVV <li>XHB <li>XSD <li>KRE <li>UWM <li>FCG <li>ECH </ul> Good Luck!
I am having internet trouble, thus wasn't able to post. I am still <b>BULLISH</b>, we might have a few bumps along the way....
<b>Market View - 25.Feb.2010</b> <b>NYSE Percent of stocks above the 50 Day MA: 53%</b> Buy Aggressively <b>Buy Cautiously</b> Hold Sell Cautiously Sell Aggressively (the highlighted option is my current sentiment) Good Luck!
<b>Market ReView - 26.Feb.2010</b> <b>NYSE Percent of stocks above the 50 Day MA: 53.5%</b> The volume was luke warm, has been pretty much the same this past week. Money flow has been weak, would like to see more money come in. But I do believe the market internals are getting stronger. I am currently fully invested. But I have been picking up some stocks too. PS:- I will have my watch list for the coming week either on Sun or on Mon before open.
<b>Market View - 01.Mar.2010</b> <b>NYSE Percent of stocks above the 50 Day MA: 53.5%</b> Buy Aggressively <b>Buy Cautiously</b> Hold Sell Cautiously Sell Aggressively (the highlighted option is my current sentiment) <b>MY ETF Watch List(in that order) for this week*:</b> <ul> <li>EUO <li>KRE <li>URE <li>MVV <li>MVV <li>DRN <li>ECH <li>XSD <li>UWM <li>IHF <li>XLY </ul> * Compare the list from this week to last( a few posts ago), and if you see an ETF climbing up the ranks it tells us, that it is gaining strength. Good Luck!
My <b>TYH</b> buy from 04.Feb.2010 (see below or archives) is at <b>19.25%</b> as of <b>02.Mar.2010, 12:00 Noon</b> I am ecstatic not for the returns, but for this being one of my best non-emotional system based trades.