Twitter Updates for 2009-03-20

Posted on March 20, 2009 by TheGauntlett

$2 Trillion Dollar deficit? WTF??? well I’m not suprised, but really come on guys and gals have you ever looked at history #

Twitter Updates for 2009-03-18

Posted on March 18, 2009 by TheGauntlett

looks like the $SPX is finding major resistance at the 770 level which is near a Fib and another indicator. #
watching $SPY 76.82 area like a hawk… If we can’t push through I could imagine a large push down. #
each day volume is decreasing on this rally on the SPY FWIW… potential divergence? #

Emergency Preparation

Posted on March 17, 2009 by TheGauntlett

So, I said I was going to start a section on getting ready for any supply disruptions or unexpected changes in our lives. This is no different from preparing for a national disaster such as an earthquake. Running out and getting supplies once the shit hits the fan… well it will be too late. The shelves will be empty, the lines long, and desperation high. Frankly, I’d rather remove that stress from my life. Why no do something now to prepare for a possibility?

It goes without saying that personal protection is important. After all this is America and personal protection is in our Constitution. What personal protection means to you may be different from me, but being in shape is a start, taking a self-defense class (one that teaches you to be active and not passive), and having some basic gear on hand. Keep a small high-powered flashlight on your person or near you at a minimum. Who knows when you will want to see down a dark alley or shine someone in the face. I really like the SureFire lights.

Stating the obvious we all need food and water to survive. What happens in the case where your well stops working due to no electricity, your city water supply turns off or becomes contaminated? You are going to be in a world of hurt. Being without water or depending on someone else such as the national guard for water would be brutal. Think about Katrina and how well that went. No thank you.

Check this out! Talk about a cool product and you can even use it for camping. I don’t have one yet, but will. Think about clean water with no viruses that will last for about 4000 liters or 6000 for the larger unit. Personally, I’d rather have two smaller units than one large. This would get you through a pinch as long as there was some source of water, and besides you could take it camping or exploring. It will even hold the dirty water and then when you want to drink you filter it.

Twitter Updates for 2009-03-14

Posted on March 14, 2009 by TheGauntlett

Friday the 13th is my lucky day!! #
Something seems off… Cumulative $TICK is up, weak vol., sideways price on the 1min $SPY #
$SPY holding VWAP, Cumulative $TICK continues to increase and $TRIN looking more bullish… time will tell #

Twitter Updates for 2009-03-13

Posted on March 13, 2009 by TheGauntlett

$spx up against resistance RL and 38.2% Fib… #
We are playing with the 20DMA on the $SPX, and hitting resistance. Is this the end of the push or do we go higher? #

Social Mood :: Repost from Slope of Hope

Posted on March 13, 2009 by TheGauntlett

Based on my present emotional state, comments here, and the overall economy it seems that we are at a major juncture. This rally has been swift as we would expect from a Bear Market Rally. The community at SOH has grown, and continues to grow.

The chatter on the board is starting to seem as though there is increasing amount of fear or uncertainty in the air. The trend is obviously down, but in the short term anything can and will happen. At the end of the day we are responsible for our actions. If we follow like sheep then so be it, but we are responsible for taking such actions. Our trades are our own, and only that.

Economic conditions around the world continue to deteriorate, and with it social mood. I’m starting to sense people’s cortisol levels increasing as the clock keeps ticking. The media (which I tend to ignore) is chanting one thing, the inflation / deflation argument marches on, governments continue to bail out banks at the taxpayers peril, riots and protest are increasing, and with all of this comes social unrest.

Being that we are all living beings (most of us at least) we are connected to each other in unknown ways, and one is a collective level of awareness at least subconsciously about what is going on around us. While we may hope for the best and want things to improve, the facts say otherwise. While we may get a bounce to 800 on the SPX we may not… my Blue Light Special Crystal Ball broke a long time ago.

People want the markets to rise as a sign that things will get better, but show me what is getting better. We trade on TA here, which is supposed to ignore the fundamentals or at least not look at them too heavily. However, judging from the comments here today there is a social mood of uncertainty, fear, and restlessness.

I recommend that anyone feeling uneasy take a walk outside and think about what you are grateful for. We are living through extraordinary times. Hang in there and happy trading.

Twitter Updates for 2009-03-12

Posted on March 12, 2009 by TheGauntlett

$MA and $V are looking sickly today… perhaps this is a tell along with the Meridith Whitney article in the WSJ #
$V to fill the gap? #
Cumulative $TICK looks confused. Nothing like the strong uptrend from yesterday. #
$SPY holding below the VWAP… $TRIN is moving up while $TICK moving down… (gives me cause for concern about a push higher) #
$GS weakening… will it hold present levels? looks roomy until about 89 #
$BBBY nice retracement from low to prior resistance. #

Twitter Updates for 2009-03-11

Posted on March 11, 2009 by TheGauntlett

spilt milk at this point, but I missed a great trade on the /es last night due to to tight a stop. #
I need to see some volume to be convinced that we push higher. #
long $BGU #
Stopped out $BGU #
Really… it is about time for a pullback unless everyone is overjoyed about all the “positive” news. #
Prior DTL on $SPX from Feb 9th High, Feb 26 High proving to be resistance #
This feels like taking Asprin after a hangover… doesn’t fix the problem, but makes you feel better. #
RT @alphatrends: I can see the $DJI window, but nothing has been changing #
RT @alphatrends: Its working #
RT @alphatrends: It works!!!!!!!!!!!!!!!!!!!!!! #
RT @alphatrends: Appreciate your market commentary, and taking the time to do it! #

Twitter Updates for 2009-03-10

Posted on March 10, 2009 by TheGauntlett

recency effect… need to work on that #
Time change is messing with me #
$SPY keeps retesting intraday support…. looks to be breaking #
http://wcbstv.com/video/?id=[email protected] #

Wrong Side of the Bed

Posted on March 9, 2009 by TheGauntlett

Prior to going to bed I set my stops accordingly, was looking for a small move and then to get out before the open. Once and a while I dabble in the E-Mini’s, which are leveraged contracts that mirror the S&P 500. Sure they can be risky, but that is why one manages risk through stops, targets, and appropriate trades when you have a perceived edge.

So what’s the issue? I’d love to blame it on the time change, but that was Sunday. Maybe I can blame it on my alarm? No, it went off and I turned it off.

By the time I woke up it was 7:30AM PST. Normally I’m up by 6:00AM for the market open, which gives me time to wake up before things get going.

Naturally I was stopped out by about 7:15AM. Had I woken up when my alarm went off I would have found my overnight position profitable instead of closed out for a small loss.

Waking up on the wrong side of the bed can be a determinant for how your day will go. All that is really happening is that you are framing your start of day with a negative outlook. While I’d like to remain upset it isn’t worth it. I made a mistake and had made a plan in case it didn’t go accordingly. Now I must do it all over again and realize it was a great learning lesson. In a way I’m thankful for the painful lesson.

So, if you are going to wake up on the wrong side of the bed make you can get back to the right side in one piece.

Trevor Gauntlett

Monthly Archives: March 2009