Archive for June, 2009

4 for 4 Iron Condor

Posted: June 16, 2009 by nickfenton in My Trades
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I just exited a trade that I had a lot of fun with.  Let’s take a look at it. When looking at the SPY chart in May, I began to notice a trend on the 1 year chart.  The ETF was trending sideways between its 100 day and 200 day Exponential Moving Averages (EMA).  The [...]

TA Thursday: AA, SPY, FNSR, Crude Oil Futures

Posted: June 11, 2009 by nickfenton in Market Thoughts
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It’s TA Thursday! Here is a technical overview of a few charts that I’ve been watching. Enjoy, and feel free to ask questions in the comments section.

Double Digits Here We Come

Posted: June 10, 2009 by nickfenton in Market Thoughts
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Last Friday the Employment Situation Data revealed another increase in the Unemployment Rate.  The uptrend continues with no end in sight.  The latest data reading shows and Unemployment Rate of 9.4%, keeping up with the recent monthly trend of 0.4% – 0.5% increases in the number.  Here’s is a shot of the latest chart… This [...]

Trust Your Gut

Posted: June 9, 2009 by nickfenton in Market Thoughts
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Throughout my years trading, I’ve learned many things. In fact, it’s rare that a day goes by without learning something new. Which brings me to my first point; If anyone ever tells you they know everything there is to know about trading stocks, run away from that person as fast as you can! OK, now [...]

No End In Sight

Posted: June 9, 2009 by nickfenton in Market Thoughts
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Employment Situation data released May 8, 2009 revealed an 8.9% Unemployment Rate. Over the past year, the Unemplyment Rate has created a steady uptrend. This trend is showing no sign of slowing at this point. Click here to view the most recent chart. Where do we go from here? Well, until I see some plateau [...]