Southpark's Cartman as CNBC's Cramer

Southpark's Cartman as CNBC's Cramer

RIP Bill Seidman

Former FDIC Chairman and CNBC Chief Commentator L. William "Bill" Seidman died Wednesday in Albuquerque, N.M., after a brief illness. He was 88.

Visit msnbc.com for Breaking News, World News, and News about the Economy

RIP Bill Seidman

Former FDIC Chairman and CNBC Chief Commentator L. William "Bill" Seidman died Wednesday in Albuquerque, N.M., after a brief illness. He was 88.

Visit msnbc.com for Breaking News, World News, and News about the Economy

CNBC's Michele Caruso-Cabrera Bikini Picture

HOT!
Yes or No?

CNBC's Michele Caruso-Cabrera Bikini Picture

HOT!
Yes or No?

CNBC Commercials

CNBC Commercials have got to be the lamest. How are the news anchors even payed when the main sponsors are Goldbond, Vermont Teddy bears, and Pajama Grams?








You gotta love those Pajama Gram Commercials-












Who wants to buy a $90 Teddy bear?
Check out the red neck teddy bear....


The $100 Obama bear is sold out. Go figure. Who hasn't jumped on the Obama merchandising bandwagon.


If you ever stayed up late and watched CNBC you have probably seen the SHAMWOW commercial,,,, This guy does a great impression.

CNBC Commercials

CNBC Commercials have got to be the lamest. How are the news anchors even payed when the main sponsors are Goldbond, Vermont Teddy bears, and Pajama Grams?








You gotta love those Pajama Gram Commercials-












Who wants to buy a $90 Teddy bear?
Check out the red neck teddy bear....


The $100 Obama bear is sold out. Go figure. Who hasn't jumped on the Obama merchandising bandwagon.


If you ever stayed up late and watched CNBC you have probably seen the SHAMWOW commercial,,,, This guy does a great impression.

CNBC Video- Uptick rule, SEC bans short selling, market manipulation

The SEC bans short selling on financial stocks, the case against the SEC and Government bailout of the Stock Market.



Live Streaming by Ustream.TV

Slow Choppy Day and CNBC is annoying

It looks like the indices are narrowing even more as everyone waits for the real breakout. I feel todays CNBC show is the most annoying I've experienced in quite some time. The market just popped 20pts off Charlie Gasparino coming on. Nothing but arguing on CNBC, absolutely annoying.

Feb 19 Choppy Light Volume Trading

Scalping index futures is difficult on light volume choppy trading days like today.



Crude oil and the Oil related stock sector have been making big gains.



Gold seems to be stuck in a trading range.


Since DT and iBankcoin came out bashing Dennis Kneale, CNBC have been airing him more than ever. Perhaps even bad PR is good PR.

What if the market doesn't retest the lows?
Think of all the PUTS that were bought last month. It would be a shame for all those traders to see there PUTS expire worthless from seeing the market Chop around for the next month or two.

I was thinking about the terrible storm China experienced last month and the correlation that this natural disaster has on the stock market. One article I found looked at Hurricanes the US experienced with the corresponding price action in the stock market afterwards. Check out
How Is the Stock Market Affected by Natural Disasters? (by D.R.Barton Jr.)

Cramer vs. Rick Santelli, CNBC,

January 22-
Summary-
Rick- Cramer you are an idiot and a stock pumper
Cramer- No I'm not, BOOYAH! BUY! BUY!BUY!



January 19-
Cramer setting the ULTIMATE BEAR TRAP, on Hardball with Chris Matthews

SICKO- Micheal Moore denied onto NYSE floor

Maria and Michael Moore,,,,, a sweet combination on air.....

Bernanke speech

Watching Bernanke on CNBC right now-
The highlights so far-
Question- "what are the odds of a recession on a scale of 1 to 10?"
Ben- "Economists aren't good at forecasting,,,,,,,,I'm not answering that question"

NQ is leading to the downside, ER2 showing more support.
XLE and oil related stocks are strongest, XLF and financials suck as usual.

UPDATE-
RON PAUL just layed the SMACK DOWN ON BERNANKE!!
OWNED!

CNBC Breaking NEWS!

CNBC gets carried away with there BREAKING NEWS that they televise everyday.
Todays breaking news at the bottom of the screen highlighted in RED is that the Dow has switched back and forth from a positive to negative bias the last 8 sessions. If the $100 OIL wasn't hyped enough as a COOL headline, this serves as second best.
Rick Santeli is the only guy worth listening to, and he talks about bonds and what's really going on from a traders point of view. The Dow was down over 240pts today yet, the 10yr and 30yr haven't followed their typical pattern. Now they have CRAMER on CNBC screaming about something random that pisses him off, this is another great BUY SIGNAL.

Bond update-
13week flight to safety with 30year yields going up?
If I were a short term swing trader I would BUY THIS DIP in STOCKS.

13week Bill-


30yr-



GOODLUCK TRADING THIS-

CNBC market wrap up DOW -364

I just got done listening to CNBC's closing bell wrap up with Maria and a panel of 6 she interviewed.
The talk that I heard was-
-Derivative credit is bad and might get really bad
-Foreclosure trend is only 1/3 of the way there
-Short Financials and Long Tech is the oldest trade in the books and a lot of money is bet on this trade with a continued bias until next year
-The FED should focus on deflation, and should have cut 50bpts
-Bob Pisani thinks the XLF/SMH trade could reverse big time from the heavy bets in that direction (I've had the same contrarion view, is this bad? Is this the way dumb money thinks?)
-The bank sector is at 5 year lows
-Investors in Nasdaq 100 are taking off profits after an 18% gain for the year
-Volatility is going to increase going into the year end

My thoughts- the forclosure decline looks like it is due for a bounce along with financials but it is tough to say when this trend will reverse. Bond futures look like they have hit resistance. I'm expecting next week to be BULLISH.

May 24 Trade Summary $2,034

Priorities- That is what I need to work on.
I traded the first 4 hours, and now I'm going to work. When we have a selloff like we did today, you have to be trading the contract you know. Unfortunately my attention and assets were wrapped up in ZN and AAPL when the selloff started, so I had to manage those trades, and I was unable to trade ER2 during the selloff, which as a result caused me to lose a lot of potentially easy money to be made. Overall, I'm satistfied that I got a good trade in on ZN, considering I lack experience trading it, I did exit too soon though. (I bought bonds ahead of the selloff, unfortunantely I forgot to short equities at the top because most of my attention was spent on watching ZN and ZF.) I did get a few good scalps on YM, and I'm actually surprised that I traded so many contracts on YM and ER2. I had a downside target of 828 on ER2 today, I feel bad that I didn't make more money than I did considering the large range we had today. Overall, I need to stop wasting my time with AAPL, and I need to just work on ER2 and YM.

P/L= $2,034

Market observations-
Bond/stock inverse trade occured today, marking what looks to be the start of increased volatility for the markets and a possible correction for equities.(However we have memorial day coming up so people may be just be unloading positions before the 3 day weekend). ER2 caught up to YM today in terms where they trade relative to each other. I was actually buying YM and shorting ER2 today, the opposite of yesterday. It seems like everyone caught on to the buy small caps and short big caps pair trade by Tuesday. I looked at is a more of a blowoff top, where large short positions were being accumulated in small caps and ER2. Rick Santelli said last month that he expected SP500 to test the old highs before a market correction, he looks to be correct so far. Bob Pisani and most of the broadcasters at CNBC always tell you the news 1-2 days after its happened. Bob Pisani was saying yesterday, "Record short interest", "market is likely to continue higher and squeeze the shorts".What about all of last month, shorts were squeezed badly on all of the "good earnings news" like AMZN. Guess what happened, shorts were squeezed, covered near the top, we consolidated near the top for awhile, smart money came in an added shorts to all those "good earnings companies", and now we have a nice setup for a slow decline into the summertime. Time to sell some calendar calls.

May 23 Trade Summary $2,018

It looks like volatility is dying and the market is going to go into chop mode. I wouldn't be surprised to see the market end near a high or low for the day. I'm more biased to the downside for YM, but we are still in the bullish zone for the NYSE A/D line, and ES is near its all time high so we probably won't see a selloff yet.

Trade summary-
I pushed a runner on ER2 this morning and got about 1.2pts on 9 cards. I stuck to my strategy of only taking longs on ER2 and shorts on YM, and things worked smoothly today. Later in the day I put a 10 lot short on YM for a 5 tick scalp, and did some trading in Crude oil and XLE.
YM continues to look pretty bearish to flat(I think some calendars calls were sold last friday), and the NYSE A/D is more bearish then the NASDAQ A/D.
During choppy trading(like the last hour), it is amazing to see how well block trade signals work.

P/L= $2,018

Market observations-
It's interesting to note which sectors are the ones responible for the tick extremes(which sector has all of the stocks hitting the bid/ask near the high/low of the day and what is the reaction seen in the futures indices and commodities like crude oil and gold. I missed a key time reversal on Bonds today, I'm starting to wonder when ZN well turn around. If your going to swing trade, bonds sure seem to be a good trading vehicle; a contract that I need to spend more time on learning. Although Time and Sales may be overlooked by some traders, I've been reading the tape much more lately and have been noticing an important pattern to when a breakout is going to occur and when it's likely that the price well be faded. Another interesting fact about today was that I forgot to turn on the TV to CNBC, maybe not hearing CNBC in the background helped me focus better today.

April 3 Trade summary

Trade Summary-
I traded the first 2 hours today, like I normally do. I was short on YM 2min before a housing report came out, (a report I was unaware of coming out) and it ended up putting me in the red by a considerable amount due to the fact that I haven't been using stops. Although I was down about 30-40pts in only a few minutes, through correct position sizing, I was able to come out ahead today. All of my trades were short trades believe it or not. I'm surprised I didn't feel any anxiety today from having the pressure in the back of my mind of trying to fight back to get in the black on YM. I probably made more money today then I would have because I felt compelled to turn my P/L on YM positive. You'll notice I take a lot of my initial positions on YM. I normally do this because I may have less confidence in a trade, but want to get a feel for the market before entering trades on the riskier ER2 contract. I didn't look at my P/L today, but know that I came out positive.

Bad things today-
1. I had a position on before big news came out.(I didn't see it on my calendar, so was unaware of the news pending, however I should have listened to CNBC)
2. I know my second short trade on YM at 12556 was bad and that I shouldn't have entered on a tick low and I should have exited when the trade went against me within the first few minutes. I knew the pop was coming and failed to exit in time.

Good things today-
1. Used good position sizing to turn bad trades into winners.

Market observations-
Watching ZN and the Euro helped a little today, but my confidence in taking short trades was from watching NYSE A/D and NYSE TICK. Crude Oil took a dive today but XLE has been going up all day which is pretty bullish for the stock market. Also we've got new highs on several of the stock indices around the world. Also gold looks like it may have shot up off of comments from President Bush. Volatility looks to be declining and the market is starting to chop, so I'm done for the day.

Edit:
I'm reflecting back on the day and regreting that I should have reversed all of my short positions once I covered them and went long, because there was easy money to be made on those reversals. I timed the short entries and exits pretty well, but failed to reverse and stay in the wave of the market. I think the only thing still holding me back from flipping positions and staying in the wave is experience. If I exit a short trade, I do so because I think the price is going to reverse, if you think the price is going to reverse then you should reverse your position as well as long as there is plenty volatility to keep the markets moving. In order to help coach myself with this trading weakness I'm going to be making audible alerts with my own voice asking the question "should you reverse position". I also need to start using my audible alerts for NYSE TICK extremes again, which should help me stay focused.

Links I'm reading-
TraderMike on position sizing.
GreenTraderTax for information on Taxes for traders.

Feb 28 daily chart

First off let me say that the media is full of BS when it comes to what really happens in the stock market. CNBC is doing it again today (I listen to CNBC in the background). What do I mean? Bob pisani, saying that Bernanke moved the market up this morning. Bernanke didn't move anything, it was weak short covering both in equities and bonds that occured before bernanke even sat down. Now we have Bill Griffeth saying that yesterdays 500+pt drop on the dow was due to a computer glitch. PLEASE get the facts straight! YM had no discrepancies in price. When YM was down 400+ pts, DJI was only down 280pts according to CNBC. What really happened was that retail traders were getting burnt to smetherings from forced margin calls yesterday, which added to the fire, and resulted in the huge drop. I remember watching CNBC's fast money this last weekend were the head retail trader said to sell radioshack before earnings, nice call,,not.(RSH was up 18% after earnings).

I traded on the simulator today because I'm working on my trade execution, although I wish I was trading with my real account, I need the practice. There will always be another day to trade, but right now I need to hone my execution skills. I've had to switch back to trading off of the ER2 chart because my IWM tick chart looks scattered.
Today we had several AMEX tick reversals, first a -100 amex tick reversal and then a 100 and 200 tick reversal all at the key reversal points of the morning. I'm seeing a new trading pattern, which is if we get program trading at 9:45am est, and then we later reverse above/below that level within the next 30min, then look to go with the reversal. I need to get rid of some of my charts on my monitors to speed up the CPU's processing or get a better computer because my computer is not running efficiently enough for the volatility that the markets are showing right now.

Here's the morning chart with my drawn in trendlines and red block trade signals. I've refined my NYSE TICK chart with a new filter for volatility spike reversals using bollinger bands and starc bands overlayed.



I traded my regular size and did good on the simulator today, about 2-3 losing trades that were cut at 0.7pt losses, and some good winners with size. I missed the short covering rally to 798 because I left the room, but I got some good action and I'm pleased with my trades for the day. I need more work on incorporating the TICK volatility signals with block trade signals.

P/L on simulator=$~1300