Owner: Order of Magnitude URL:http://orderofmagnitude.ca Join Date: Mon, 14 Jul 2008 23:56:36 -0500 Rating:0 Site Description: Investing objectively and diligently to squeeze gains out of the market Site statistics:Click here
Gross Net 2008-07-14 23:27:07 Tried to profit off of movements of the Greenback using Euros, Loonies and Yen. My own currency kicked me in the teeth a couple times, and good risk management stopped the bleeding before it got too bad. Through out the session I managed to squeek out a small gross profit and loss.
What makes it so [...] Read more:Gross
No title 2008-07-13 20:50:10 The Federal Reserve released a significant piece of news today. It would appear that the federal government of the US is going to allow for any amount of monies to be lent to the two largest mortgage backers. The Bulls will see this as the ultimate backstop from which to rebuild the flailing finance industry, [...]
Spanked for Disobeying the First Rule 2008-07-11 14:12:03 I made a terrific, novice blunder. I've been watching for a place to enter a long position on USD/JPY because it has been trending nicely for the last couple of months. A few days ago, I entered a position near near where it was apparently moving towards the bottom end of the trending [...] Read more:First
Interesting Equivolume 2008-07-11 00:39:57 Today there was some big movements on a lot of volume. Here are some equivolume charts:
Rohm & Haas Company is a specialized chemical manufacturer that is going to be purchased by Dow Chemicals, which spurred a massive one day gain on tonnes of volume. The usual rise in price of the purchasee and fall in [...]
High Probability Setup 2008-07-09 20:50:56 USD/JPY has been trending upward for the last few months. Normally it's against the rules to trade against the prevailing trend, although there was a setup today that is hard to pass up.
full sized image
There was a selloff that tested the 107 - 107.02 region. The support level held and the pair rallied over 107.60. [...]
Way above VWAP 2008-07-09 14:15:38 The following equities are trading above
their volume weighted average
closing price:
Ticker
Current Price
Weighted Average
SDS
$67.51
$66.93
DUG
$30.98
$28.44
SGP
$20.86
$19.76
BRCM
$28.72
$27.43
MLN
$24.97
$24.96
BUD
$61.76
$61.73
MRVL
$16.79
$17.35
CHK
$61.55
$65.29
Trade Book 2008-07-09 03:09:02 All of the trading that was done today can be found on this July 8-9 Trade
Summary. A quick summary:
¥11,300 profit
$185.75 CDN profit
€39.00 profit
$76.81 CDN in commission fees
Around here we pay our bills and buy our beer and bread in Canadian money, thus at the time of this writing if everything was converted back to [...]
Expiration Friday 2008-06-20 13:43:48 Things always happen when all those option contracts come up to their expiration date. Things were looking optimistic earlier in the week, but today, the momentum kicked in and everything continued down on the trend we've seen since the start of the year.
Although, if you happened to be sitting in cash, today may be a [...] Read more:Expiration
, Friday
Spike in Price and Volume 2008-03-02 21:55:21 The following Canadian stocks spiked up in both price and volume:
SKYE RESOURCES INC (SKR.TO) + 8.40%
MOUNTAIN PROVINCE DIAMOND COMPANY (MPV.TO) + 6.92%
FORACO INTERNATIONAL (FAR.TO) +13.50% Read more:Spike
, Volume
Differences in Indicators 2008-02-28 23:35:19 Recently Under Armour triggered a watch when it dipped below the bottom bollinger bands calculated using a 19 day period. This indicator is an excellent measure of volatility of a stock, and this particular instance shows that Under Armour may be oversold at the moment.
Digging up as much information as can be found, we [...] Read more:Indicators
Short Scam List 2008-07-29 16:04:43 Over at Gaming the Market, they've posted a list of some ways broker/dealers, market makers and others can illegally manipulate their clients or the market. We aren't recommending any of these tactics, they are all illegal. You must, however, know what you are up against. Here's the list:
Accommodation Trading
Bucketing
Channel Stuffing
Churning
Circular Trading
Cross Trade
Double Dipping
E Read more:Short
Uh oh! 2008-07-27 02:05:41 When you get press releases like these two. It's hard to have a positive outlook. Monday is going to be interesting
Equivolume: AMZN QCOM 2008-07-24 20:57:39 With the markets experiencing a sell-off more akin to a blood bath, it's rare to find advancing stock. Not impossible mind you, and even more rare is a stock advancing with abnormal volume. See below for Amazon and Qualcomm:
Equivolume: AMZN
Equivolume: QCOM
Long Here on EURUSD 2008-07-21 22:12:19 Over the last couple of hours buying pressure on EURUSD has been increasing against 1.5935 resistance. Depending on how you read your patterns, you could put in a 40pip profit target, considering the height of the triangle:
We're not quite that aggressive, and we also hate missing out on a good run. Offloading half the position [...]
Scan: Divergence from VWAP 2008-07-21 09:26:01 The following have large relative divergences from their Volume Weighted Average Price:
Equity
Price
VWAP
Delta Airlines
6.93
5.65
Ultrashort Oil and Gas
34.20
32.02
AMR Corp
7.13
5.58
Wells Fargo
27.86
24.80
Equivolume: ETFC 2008-07-18 00:07:24 A company we've been following since the new year is E*Trade Financial Corp. . On Monday, while the market was sliding to an ever impressive low, E*Trade announces that they were selling their Canadian subsiduary to Scotia Bank. Yesterday, like all financials, it took a run back towards the nearest resistance, and today kept on [...]
Seagate’s Equivolume 2008-07-16 23:42:06 Today the market moved upwards pretty hard. Scanning for stocks moving across moving averages on volumes almost gave us the whole damn market back. Looking the other direction, we scanned for anything that moved downwards on increased volume, and took out all the resource companies. Staring back at us was Seagate
:
A technology stock that was [...]
Heat Map 2008-07-16 22:53:26 FinViz is an excellent visualization resource. Have a look at this heat map:
The financials are overwhelmed in green, while the resources are battling the red. The massive move to the upside today has all the chickens flapping around the coop. The recent decline in the price of oil has the market grabbing [...]
EUR/USD Stopped Out 2008-07-16 12:22:02 Despite all our good intentions, our trade between the Euro and Greenback was stopped out. The price action could not penetrade 1.5920, and reversed. While the moon was high in the sky, and we were walking around dreamland, the price did manage to poke above the 1.5920 range for a few hours. [...]
Hiatus 2008-07-31 11:35:39 Well, the stops are all in place, and we're going to spend some time away from the markets. All short term trades have been settled and that account is sitting in cash. For the longer term here's a summary of where we stand heading into a two week blackout of financial information:
Longs:
E*Trade Big Rock Pengrowth [...] Read more:Hiatus
Watching: Walmart 2008-09-05 01:20:25 Walmart showed up on a strength scan, and in the last couple of days there have been tests of $61 with some volume. Looking at some charts:
click for larger Equivolume chart
click for larger Support and Resistance chart
The price action has come close to $61 a few times in the last handful of weeks. [...] Read more:Walmart
, Watching
Strength and Weakness Scan 2008-09-03 09:08:00 Showing Strength:
Walmart
$59.59
Procter and Gamble
$70.42
Invesco
$25.50
Time Warner
$16.50
GAP
$19.69
Home Depot
$27.94
Lowe's
$26.21
Exposing Weakness:
iShares Emerging Markets
$38.74
iShares China 25 Index
$59.59
Natural Gas
$32.65
Sirius XM Radio
$1.34
Micron Technology
$4.22
Sun Mi
Equivolume: GLD 2008-08-19 15:23:38 click for larger version
Equivolume: Morgan Stanley 2008-09-18 01:11:55 Morgan Stanley
moved a lot of volume over the last couple of days.
Have a look at the Equivolume:
click for larger version
Looking at the October Call contracts:
click for larger version
Volatile indeed, there is a lot of premium priced into those contracts. Read more:Morgan
, Morgan Stanley
Sept 16, 2008 2008-09-16 22:55:08 Wednesday morning is going to be very busy. After leaving Lehman on the stake to be picked apart by the crows, the Federal Reserve has written an $85 billion dollar cheque to keep American International Group alive. The media spin, and press monkeys are priceless:
The interests of taxpayers are protected by key terms of the [...]
Short Side: SLG 2008-09-16 01:33:48 SL Green Realty Corp. felt pain outside of the ordinary in today's bloodbath. The REIT holds a good deal of office space in downtown New York, and no doubt a chunk of it inhabited by the various financial companies in pain these days. The price smashed through the support areas around $75 to $76, and [...] Read more:Short
Equivolume: XLF 2008-09-15 23:45:36 The financials got hammered today, and smashed through support that was holding around $19.50. The price was recently trapped in the channel between $19.50 and $23.50. This one has the potential to head down to $17.00 again, with support at the July lows.
On the other side, candlestick chart readers will see the inverted hammer which [...]
FINVIZ: HeatMap 2008-09-15 23:08:29 It's obvious that everyone, even the bulls, wanted out of this market.
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