U.S. stocks ended the trading week with new closing lows, and a close near the lows of the week.  Not a good sign for the week ahead.  The only major average that is still hovering above its November closing low is the Nasdaq 100, which has been held up by a handful of tech stocks, […]

Futures Portfolio
Our futures trading portfolio started out in mid-January with a hypothetical starting equity of $200,000.  This portfolio trades multiple strategies, but the bulk of the trades involve a trend following strategy utilizing channel breakouts and a discretionary overlay.  None of the strategies employed are employed as strictly mechanical trading systems.  In each trade, slippage […]

U.S. stocks closed a roller coaster session to the downside on the back of weak earnings from insurers, and some more weak residential real estate data.  The market appeared to have found a bottom for the day and actually turned positive in the last hour of trading on word that President Obama and Treasury Secretary […]

U.S. Stocks recouped most of Monday’s losses as Fed Chairman Ben Bernanke commented that the U.S. economy could begin its recovery by late 2009.  This was likely a good bit of short covering, but for now, we must look at the technical picture, and this was a nice rally on higher volume.  Therefore, if we […]

Futures Portfolio
Our futures trading portfolio started out in mid-January with a hypothetical starting equity of $200,000.  This portfolio trades multiple strategies, but the bulk of the trades involve a trend following strategy utilizing channel breakouts and a discretionary overlay.  None of the strategies employed are employed as strictly mechanical trading systems.  In each trade, slippage […]

Futures Portfolio
Our futures trading portfolio started out in mid-January with a hypothetical starting equity of $200,000.  This portfolio trades multiple strategies, but the bulk of the trades involve a trend following strategy utilizing channel breakouts and a discretionary overlay.  None of the strategies employed are employed as strictly mechanical trading systems.  In each trade, slippage […]

As I am presently on vacation, I did not keep my eye on the market for most of the day.  I did see the end result though, and it obviously was not pretty.  Bottom line is that the market does not like what it is seeing out of the Obama administration these days, so there […]

Futures Portfolio
Our futures trading portfolio started out last week with a hypothetical starting equity of $200,000.  This portfolio trades multiple strategies, but the bulk of the trades involve a trend following strategy utilizing channel breakouts and a discretionary overlay.  None of the strategies employed are employed as strictly mechanical trading systems.  In each trade, slippage […]

U.S. stocks closed lower on Friday in a relatively volatile session as traders expressed little confidence in the Obama administrations current plans to turn around the economy, financial system and real estate market.  In the afternoon, the Dow was down over 200 points shortly after Senator Dodd suggested that some banks may face nationalization.  A […]

Gold prices are jumping over $20 this morning ahead of the stock market open, and stocks are poised for a weak open as investors are showing little confidence in any of the plans set forth by the Obama administration.  Gold is trading at about $997 as of 9 am ET, and S&P 500 futures are […]