09.29.08
Posted in Uncategorized at 9:04 pm by Razor Trader
8:39PM…Monday night
…What a day…DOW -777, but you know …it was the 17th biggest % percentage decline in the markets history… I will leave the importance of this declines in your hands…this did not at any point look like the day to be jumping in…I was never even tempted, and the market closed on the lows of the day…
I think DOW 10,000 has a bulls eye on it,if I was to buy into this decline i would have to use individual stocks…the mutual fund is tough with end of the day pricing…tomorrow is a big day, and unfortunately it is a Tuesday, a trading day I don’t like, and Wednesday is the start of the month…which is the start of the quarter…I have really found some good reads at the start of the last few quarters, so I also may just play what got me here…I’ll feel more informed by weeks end…the more i write the more I think about when and if I want to play part of my hand…this bear is dangerous, but the bear trend is going into its 10 month…maybe not the official bear definition, but this decline started at the first of the year! 10 months is making this bear kinda old..I’ll keep watching and blogging about what I see, believe what you see, not what you hear…
..soon you will see the GOT MILK? replaced by.. GOT CREDIT? lets start selling the t-shirts now!
…more interesting stats…the DOW -777 outperformed the S&P and Nasdaq in todays blood bath ..DOW -6.19% S&P -9.14% Nasdaq -8.79%…I’ll be here late tonight and early tomorrow!…do not make your conclusion about Washington in this single trading day…What kind of state are companies that the only way anyone can survive is if we give them $700 billion dollars of business …and then say “this may not even be enough”…screw them…Don’t tell me the hundreds of Billions they Fed has already kicked in has done nothing, because if it has , then this 700 billion won’t either….if these are the helpless companies who wants to own their stocks?
9:43pm-Monday night
…i hope we can do something that brings confidence back into our credit and banking system…2 more questions…what are the banks and brokerages that laid 40x-50x times the margin on these housing investment securities, who’s employees made literally millions, tens of millions, and hundreds of millions doing to help themselves or their companies? Is anyone being asked to give back their money? I have not seen 1 CEO on TV telling us what they are doing to help themselves, help their companies, or anything for that matter! Have you?..by morning, talk will again be cheap and the markets will speak for themselves….
9:08AM -Tuesday morning
…THE WORLD IS STILL TURNING!…Did anyone see FAST MONEY last night?…I caught the Midnight re-run and …
9:12am
…DAY TRADING,…I don’t think today will produce any…yesterday will overwhelm today’s charts… I can’t get this short selling ban out of my conclusions, I’ll stick with my new quarter look at the markets…It starts tomorrow!
9:20am
…WHERE ARE THE CEO’S ? I have seen plenty of stock managers and portfolio analyst…we know what they think and will do, lets here from the companies that are in the credit depression, the companies that are getting squeezed…odd that I have not seen 1…
9:25am
…i won’t be able to take these CNBC hosts for very long…Erin Burnet, Mellisa Whoever, oil chick is not bad, but the host situation is not cool…
9:34am
…DOW + 200 points on the open, hopefully higher, but also the market lost nearly 200 points after the close, kinda…the sell orders, probably to raise some cash for mutual fund liquidations, kept dropping until almost :10 after 4:00pm…the market just grabbed those 200 points back….
11:08am
… believe it or not, I’m watching the movie SPEED RACER, this market just doesn’t seem very engaging…sorry..
11:47am
…this is the time I usually start to zone in, today will be no exception…the market is going head first into a TUESDAY “exception” that I speak about on Mondays or Tuesdays…normally that would be great, but I will have no stocks on my list, so it does not help my day trade setups…
11:53am
…rarely do I give direct market advice…i tell you directly what I am doing, and you make your decision from that…if I was me, I’d be sure to follow some of my money in my footprints…but i have this nugget today for those who seem to be, lets say less than in the investment groove…watch the market each day, but make some of your investment decisions by using a weekly market chart, instead of a daily one…not using charts?…then use Fridays action based on the entire weeks trading …you can not see where we are going without looking at where we have been, and making yourself show some proactive patience can be very helpful…
12:04pm
…NEWS FLASH…my list is not dead, i already have 2 and still looking, maybe this Tuesday exception market will bring some RAZOR Day Trades after all…sweet…
12:06pm
…volume is terrible, today and yesterday…I wish that short selling rule was not stuck in front of us still…
12:25pm
…going into the RAZOR filter, I only have the 2 stocks, lets see what comes out the other side in the next block of time…
1:34pm
…the list is short…HBC…”lets get in on like Donkey Kong! “…HBC at 80.84, bit the bid/ask spread is kinda rough..6-8cents…
2:06pm
…HBC still looking good, but 2-2:20pm is not the time for a pullback…no, no, no…hold on…80.79
2:50pm
…TRADE ALERT>>>>BUY 700 HBC @ 81.07 @ 2:49:05pm…
3:11pm
…TRADE UN ALERT>>> SELL 700 HBC@ 80.81 @3:10:47pm
3:22pm
…wow…that trade just reversed course in 2 minutes…1 minute up 30+ cents…1 minute down 25 cents …that hurt…I’d rather be wrong on a trade from the start…either way, I am out for the rest of this day…Ouch, that stung!…exit HBC at 80.81 stunk, but 10 minutes later the stcok is at 80.43…risk risk risk, the market never feels sorry for you…RAZOR understand how to minimize the risk, and a loss hurts, but a bigger loss can kill…
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09.26.08
Posted in Uncategorized at 12:01 pm by Razor Trader
8:11am
…those who follow this blog may remember the RAZOR Blog back on …9-16-08 a Tuesday…..a Razor blogger, bigD gave the Razor blog a friendly jab at the news that I had moved my wifes account out of WAMU (Washington Mutual)…he suggested under the mattress may be the only safe place left…last night WAMU went out of business. Government seized. JP Morgan snapped up the deposits, but not before WAMU became the biggest bank failure in U.S. history!…pay close attention where your money is, no one cares more about your $money$ than YOU!
9:30am
…DO NOT GET YOUR INFORMATION FROM TV…neither CNBC nor FOX nor CNBC…these people are all in to the markets…there lively hood depends on you keeping your $$$ with them…they are out of their minds…if there is a lockdown on our banking system, how did JP Morgan just pay 30 billion dollars to WAMU for assets…How did Bank of America just pay $50 billion for Merill Lynch? If things are about to collapse, this market would be down 2,000 points, not up +120 over the past two days!
10:36am
…as we move into the 4th quarter, the market is looking sweeter and sweeter…BUT I will let the market make its own statement as the next quarter begins…this market has shown patience to be an asset…
11:56am
…continue to watch the S&P 500 at the level of 1200…S&P is at 1192 right now…a big question that I do not have an answer to is how the rule on short selling is changing this market…something tells me that big institutional traders will do what they want even with the new rules…don’t know the new rules?…Google the new short selling restrictions that the SEC just implemented, and I ain’t talking football!
12:02pm
…even though the RAZOR filter showed me to keep out of the market yesterday, I did take a 2 minute trade in SII the oil stock…I lost .11 cents on 800 shares, in literally 2 minutes…that is the way RAZOR trades…I do not stick around for losses…today the same stock is down $4.00 !!..respect the loss early and it won’t hold you hostage later…it is time to run the RAZOR scan on the stocks that RAZOR Trading trades in…approx. 70 + stocks on the list to scan…back soon..
12:51pm
…DOW -36 @10984 S&P 500 -14 @ 1195…S&P 500 and NASDAQ are significantly lower than the Dow… watch the 1200 level today, see if we get a close above 1200, next Wednesday’s (9-30-08) close at months end will be even more important…
…RAZOR filter shows no stocks on my list today… yesterday when the DOW was +300, the RAZOR showed to stay away from the market…in fact I put the markets big gain against the RAZOR and RAZOR mopped the floor, with the DOW then trading down 100 points from there, RAZOR was a warning signal…No warning seems to be needed today, the market is hovering around flat…
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09.25.08
Posted in Uncategorized at 9:32 am by Razor Trader
9:19am
…Hello.
9:35am
…nice start on this Thursday morning…AND I can already see the support and resistance lines…today looks like an easy read…READY?
9:36am
…S&P 500 is at 1193 , if the market can move up to and through 1200, then 1195 will be a big support level…plenty of room to take some time around 1200…
9:39am
…early recap: S&P runs into 1200, then holds 1195 on the downside trying to fly through 1200…these levels fit in very nicely to a up move throughout the day, especially since yesterday setup will allow for nice moves in a bunch of stocks…
9:43am
…S&P not wasting any time 1199 and climbing…but this market has not earned any trust, so be patient, watch the 1200 battle and be ready later in the day…
10:13am
…S&P FLEW through 1200…right now 1209…
12:16pm
…S&P screamed through 1200…1212 right now @ 12:17pm…It has been too long between trades…Today everything is lining up …I’ll have less bloggin’, and more detailed analysis to get my list ready…a number of oils look good…
12:28pm
…The “RAZOR” filter has been spoken about many times, today it will get a workout, right now I have 14 stocks on the early list…RAZOR will cut that list…
12:56pm
…”RAZOR” filter has already chopped down my day’s stock list to 4: I’ll have that list around the bottom of the hour…Today is a must trade day…need some trades!
1:12pm
…S&P 500 is 1215(index level) @1:13pm….1200 still has to be in the background…but I’m not going to be trading the S&P 500 today, but it is the wind at my back for a day trade…
1:16pm
…the “RAZOR ” filter is still cutting the list down, from 14 to 2…hang in there market…DOW +243 @ 11,067 …Don’t bring me down with you…:20 minutes I should have my list, if there still is one…
1:34pm
…MARKET IS SOARING DOW +277…GUESS WHAT? …my list is a bust…nothing…but i’ll put the RAZOR up against a market that is blowing up…RAZOR vs. DOW +292…I have nothing else to do…what a shame, I NEED A TRADE, not losing money is very important, but that is not why I am in this business, I must combine that with making some serious jack$$…without a market that is willing, that has become very difficult….
1:43pm
RAZOR vs. DOW +292
1:45pm
…1 stock is still possible, but not until 3:00pm….SII
3:32pm
…TRADE ENTRY BUY 800 SII @ 66.03 3:13pm
… SELL 800 SII @ 65.91 @ 3:15pm
3:33pm
…trying to reload and enter again, but SII is not helping out…
3:50pm
…DOW +176 RAZOR is going to win this one, big time!
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09.24.08
Posted in Uncategorized at 12:47 am by Razor Trader
12:17AM…late night!
…you can come out of the cellar now, Monday and Tuesday are gone!
…the biggest market news maybe ever is unfolding before our eyes…the Treasury and Federal Reserve a re printing over a trillion dollars as we speak for the bailouts they have done and the BIG ONES still ahead…what is going on in the markets and the financial landscape right now is a Huge Big deal…not Men in Black alien invasion big, but close…i won’t bore you with my opinion on this bailout…there are valid arguments of plenty on both sides of what we do from here…
…BUT, there is 1 piece of news that caught my eye just minute ago.
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09.22.08
Posted in Uncategorized at 9:59 pm by Razor Trader
9:52pm…(MONDAY NIGHT)
…Wow…told you Monday would suck tree bark… I have some good news and some bad news …good news first—tomorrow isn’t Monday, which is the worst trading day of the week…..now the bad news—tomorrow is Tuesday, the second worst trading day…maybe I should explain why this is….second thought, just keep coming back to the RAZOR BLOG for your market information, and leave a question or comment while your here!
…in the morning I’ll share something BIG that Tuesday’s trading might bring to the table….
…WANT TO SEE SOME GROOVY TRADING VIDEOS…**CLICK HERE**
9:17am
…OK,OK! so you have seen enough videos …Tuesday’s BIG news!…on some Special Tuesday’s the market can sing a great song to the upside, the setups are very clear, and only 2 things are needed to give a clear buy signal… in :10 minutes we will see if the 1st market indicator starts off this otherwise poor trading day…
9:23am
…as i am writing this I see CNBC in the background and I realize what could be considered BIG news is often breaking across the screen..”BREAKING NEWS” flashes the screen…these news items DO NOT factor into RAZOR Day Trading decisions…I don’t talk about the news too much because I do not try to interpret items for trading…I just don’t…as the day and market unfold in front of us, that is what determines the factors of RAZOR Trading…
9:27am
…Monday afternoon I got a call from my friend and big contributor to this blog, BIG D, about the oil markets… the news on oil It was very deceiving…this was just a single oil contract having a mad rush before it stopped trading forever, traders got stuck in the wrong place, your gas WILL NOT be affected like TV would have you believe…enough said…on to the open of today…will this be a BIG TUESDAY SPECIAL?
11:38am
…so far, things are OK at best…Tuesday Special, Maybe……the problem today is yesterday…the large decline on Monday DOW -370 points has taken many stocks out of a possible RAZOR Trade setup …step 1 involves a big gap up …we have had a move up, and plenty of time in positive territory to do well today…the DOW is +51 points right now…I won’t wait until it is up a bunch and then say things look good, that kind of information would be useless to you and me…
…this I can say…oil stocks are out today….that leaves a list of non-oil stocks to assess..I’ll do that and with that conclusion I’ll have a deeper understanding of the entire markets action for the rest of the day…be back soon…any questions—fire away!
12:02pm
…1 stock on my list for the entire day….I don’t release my list until the “RAZOR” filter has finished in a little over an hour from now…but only 1 stock will even need to be filtered…that is not promising.
12:05pm
…that said, don’t except any glorious run for this market today!
1:05pm
…I’m sorry where are my manners, how are you all today? OK, enough about you, let’s talk about ME! just kidding, now that the market is DOWN -100 plus points, there isn’t much to study today…there is a reason RAZOR filter does not finish until early afternoon…patience, patience…the idea that you will miss something does not creep into RAZOR Trading…
1:16pm
…speaking of missing something, the market is about to enter a VERY important period next week…it will last 2 weeks… It Is…..THE END AND THE BEGINNING OF THE QUARTER…only happens 4 times a year, just like the seasons…like summer into fall, it is time to notice the changes when they come…you are in the right place to find out what and how important coming changes are…I DO NOT need to anticipate the change and move ahead of it, I will read it as it comes…Thinking about what could happen is too complicated, i will just watch, listen, and decipher what the market says…the last 2 quarters have been VERY EASY reads…maybe it is me, maybe everyone can see them…
…AS I well document, RAZOR Trading EXITED the US and World stock markets in April and May, around S&P 1390-1400…the DOW was around 13,000…since then I have been asked many times…”WHEN will you get back in?”…My answer has been consistent, unlike my spelling, maybe the 4th quarter, depending on HOW the market reacts, not WHERE the market is…if this quarter unfolds correctly, I could jump back in come November…i do not see how October would be the time…BUT the process will all begin with the week before and after October 1st, the start of the 4th quarter 2008…I will have more on this as we move into trading next week…
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