Today was a strong day in the market, with a caveat.  None of the averages I follow closed above yesterday’s highs.  This tells me that a weak employment report on Friday could send the market lower.  A strong report with little wage inflation will send the market up and away.  Well, that is my opinion […]

As suspected, stocks were quiet ahead of the Fed announcement regarding interest rates.  The market got what it has been asking for the past week, rallied over 100 points on the Dow after being down about 40 most of the day, then ended down 37.  Ho Hum.  Now it is the economic data and earnings […]

The stock market had a nice rally today, but underneath, it was not quite as strong as it appeared in the Dow and S&P 500.  The Nasdaq was unable to completely offset Friday’s losses, which is what the Dow and S&P did.  Also, volume was lower today than on Friday.  One bright spot is that […]

The stock market rolled over a bit on Friday, ending the rally that began with Wednesday’s sharp reversal.  Sharply higher earnings from Microsoft failed to keep that stock aloft.  After a higher opening, the market traded lower throughout the day, ending near session lows.  It will be interesting to see how the markets open on […]

The stock market continued its rebound today, albeit on lighter volume.  After the bell, Microsoft announced strong earnings, giving it a nice pop.  Barring unforeseen negative news before the open, this should give the market another lift.  However, today’s strength was on much lighter volume, suggesting that the upside from here is a bit limited.  […]

Now that is what I call a Key Reversal Day!  A huge trading range and a major reversal to the upside on very heavy volume.  There were two culprits responsible for today’s early morning weakness; Apple’s sinister earnings guidance for the next quarter, and the European Central Bank’s unwillingness to cut interest rates.  Prior to […]

Today we saw a bit of capitulation in the stock market after a huge down open was sharply reversed.  Although all of the major averages closed significantly lower for the day, I suspect the stock market put in at least a near term bottom.  I don’t expect any huge rally to begin just yet, particularly […]

The stock market ended on a weak note after Thursday’s debacle, which, in my view was sparked by Bernanke’s testimony.  I watched the testimony for a while, and watched how the market reacted.  It was clear that he expressed enough concern about inflation that he was not ready to take a bolder step than the […]

The Gold market was the big loser today amid significant profit taking.  The February contract was down just over $20, but sits within a minor support level.  Due to the strength of the underlying trend, it may sit here a day or two and attempt to make new highs.  As a result, it is setting […]

This post is the first in a series discussing the parallels between trading and the martial arts, as I believe it is important for the trader to develop a similar mindset to the martial artist.
To gain further insight into the Warrior’s Approach to Trading, I suggest you read Sun Tzu’s “Art of War” and “Living […]