A Methodical Market

“As to methods, there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods.” — Ralph Waldo Emerson Shares ignore negative news to plough ahead in steady, systematic fashion. Nasdaq accumulation days now number four in the past 10 sessions, the best... [more]

Improvement

“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.” — Mark Twain Despite the continued start-and-stop developments out of Europe, shares have put in a good fortnight’s worth of work. As is often the case, even though the... [more]

A Half-Empty Glass

“Risk is a no-fooling around game; it does not allow for mistakes. If you do not manage the risk, eventually they will carry you out.”                 — Larry Hite, Market Wizard Market participants came to their senses last week, choosing to look at the European glass as half-empty rather than the previous Friday’s half-full.... [more]

To Have or Have Not

“If you cannot make money out of the leading active issues, you are not going to make money out of the stock market. That is where the action is and where the money is to be made.”                     — Jesse Livermore With Europe still dominating the backdrop, the foredrop, and everything else... [more]

Santa Claus Rally?

  M A R K E T C O M M E N T December 4, 2011S&P 500: 1,244.28 “Show me a trend somewhere, anywhere, and I’ll play it.”— Gil Morales                 Perhaps the catalysts – a move by central banks to lower the cost of dollars and China’s move to ease – were... [more]

Holiday Humdrum

“When I went into the accounts more closely, I found I had the unenviable distinction of coming out of the greatest bull market in history with a lot of experience, a great amount of knowledge, much more confidence – and a net loss of $889.” — Nicholas Darvas, How I Made $2,000,000 In The Stock Market                  Last... [more]

A New Chapter?

“Stay positive, pal. Most people, when they lose, they whine, they quit. But you gotta be there for the turns. Everybody’s got good luck, everybody’s got bad luck. Don’t run when you lose, don’t whine when it hurts. It’s like the 1st grade, nobody likes a crybaby.”      –Gordon Gekko                  Last... [more]

Hanging In

“If you have an approach that makes money, then money management can make the difference between success and failure.”                     — Monroe Trout, Market Wizard                  Shares give a good account of themselves in light of the backdrop, only slightly less murky than that of... [more]

Biding Time

“If you cannot make money out of the leading active issues, you are not going to make money out of the stock market. That is where the action is and where the money is to be made.”                     — Jesse Livermore                 Shares backed and filled last week in response to the European... [more]

Yentervention

“A market that is fundamentally and technically poised to move higher is not going to reverse direction because of a news item – even a dramatic one.”                                  — Mark Weinstein, Market Wizard The chief technical development of recent weeks arrived Thursday in the form of institutions... [more]