Delivering News That Matters

Short Term Trading Tips

Here are some basic short term trading tips:
* Look at a small group of stocks that behave within size and volatility parameters that you are comfortable with.
* Look for a strong over-bought or over-sold stocks. (e.g., market closes up or down for 4 to 6 straight days).

Friday, June 11, SUMMARY

The Street digested a mixed bag of economic data today. On the positive side, the Reuters/University of Michigan consumer sentiment index jumped by more than expected in early June, soaring to the highest level since early 2008. But then the Commerce Department said retail sales unexpectedly declined by 1.2% in May, defying economists’ predictions for [...]

Thursday, June 10: SUMMARY:

Upbeat economic data, both domestic and from overseas created a lot of optimism in the markets. The Labor Department said first-time jobless claims fell by 3,000 last week, with total claims depleting by the heftiest margin in nearly a year. Optimists across the globe cheered China’s solid surge in monthly exports, which also lent strength [...]

Wednesday, June 9: SUMMARY:

It might have been expected that stocks were poised to move higher after Tuesday’s last-minute upside rally. However, sometime around midday optimism faded as the embattled euro sold off and closed below the closely watched $1.20 level.

Despite trading early above the key 10,000 level, the Dow Jones Industrial Average (DJIA – 9,899.25) [...]

Tuesday, June 8: SUMMARY:

In an interview last night, Federal Reserve Chairman Ben Bernanke told ABC’s Sam Donaldson that he doesn’t expect a double-dip recession. “So far the news is pretty good,” said the Fed chief. “My best guess is that we’ll have a continued recovery [but] it won’t feel terrific.”
In response the bulls were noticeable by their [...]

Monday, June 7: SUMMARY:

After Friday’s plunge, stocks see-sawed back and forth today before selling off 150 points in the last two hours of trading. It appears that negative European news continues to dominate the markets and as the euro continues to make new lows, it will be difficult for the markets to rebound.

The Dow Jones Industrial Average (DJIA [...]

What Next ?

It would have been nice to believe that “Manic” May’s troubles would disappear with a single flip of the calendar page. However the first week of June merely presented us with another slap-in-the-face wake-up call. Thankfully, it was a short work week. Imagine the damage that could have been done with a fifth trading session. [...]

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