Having run Leavitt Brothers for over 7 years and being in touch with hundreds of traders (some profitable, some not), I have a pretty good sense of where traders go wrong. Here’s a video which talks about time frames – an item all losing traders screw up.
Before the Open (Dec 18)
Good morning. Happy Friday. The Asian/Pacific markets closed mostly down – China lost 2%. Europe is currently mixed with an upward bias. Futures here in the States points towards a gap up open for the cash market. This will open the indexes near the top of yesterday’s range.
Before the Open (Dec 17)
Good morning. Happy Thursday. The Asian/Pacific markets closed mostly down – China and Hong Kong dropped more than 1%. Europe is down across the board – only London is down more than 1%. Futures here in the States point towards a fairly large gap down for the cash market.
Before the Open (Dec 16)
Good morning. Happy Wednesday. Happy Fed Day. Today’s the day the Fed targets interest rates which help determine how aggressive banks are with their lending. Rates are already practically zero, so they can’t go any lower, and given the unemployment situation and weak housing market, rates will not be raised. But for the for the […]
Before the Open (Dec 15)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed with a downside bias. Europe is currently mostly down – the losses are minimal. Futures here in the States point towards a down open for the cash market.
Before the Open (Dec 14)
Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed mixed – China gained almost 2%. Europe is currently up across the board, but there are no 1% winners. Futures here in the States suggest a gap up open for the cash market – I’ve lost count of how many S&P […]
Before the Open (Dec 11)
Good morning. Happy Friday. The totally unpredictable character of the market continues. We got another sizable gap up yesterday, and why not end the week with one more? It’ll be the 9th within the 4-week consolidation period. Here’s the 15-min SPY chart.
Before the Open (Dec 10)
Good morning. Happy Thursday. The Asian/Pacific markets closed mixed – there were a couple 1% movers. Europe is currently up across the board. Futures here in the States are up several points, so for now we’ll get a gap up open for the cash market. Yesterday at this time we were in the same situation, […]
Obama's Big Sellout
Obama’s Big Sellout The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway by Matt Taibbi, Rolling Stones
Before the Open (Dec 9)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mostly down – there were a few 1% losers. Europe is currently mixed and without any standouts. Futures here in the States suggest a gap up open for the cash market. No surprise there. Over the last 3+ weeks the market has gapped big 7 times at […]