I spent several hours today viewing Chinese Printmaking Today, a new exhibit at the British Library...
really wonderful stuff, I highly recommend it.
Posted at 4:39 PM, GMT
Linda Raschke on the importance of staying focused:
"You can't afford to be diverted; concentration is everything. If people are around, it's hard to focus. I can be easily
distracted: news reports, brokers' opinions distort my view and make it difficult to think with a clear head. So when I trade,
I don't read newspapers or watch TV. I go by the price action; nothing is truer than the price itself."
On being patient:
"A lot of the time I really don't know which way the market's going to go, but I just wait for something I recognize, and then
I'll act on it. It's really a patience game, waiting until you see something that you're familiar with."
Posted at 3:34 PM, GMT
The CBOT has a number of free articles on Trading Strategies that
may be of interest. And here's a large number of short lessons called Tips on Technicals.
-- via EminiBlog --
Posted at 11:15 AM, GMT
I noticed this past week that money is already beginning to rotate out of strong small-cap and mid-cap stocks and into the
neglected sectors, like energy and oil services.
Looking at the strong areas on a year-over-year basis, I've already written about the homebuilder,
internet stock sectors.
Another area that is going strong is Commodity Related Equities, represented by Morgan Stanley's CRX.X Index. It's not just
the precious metals that are in demand.
Commodity Related Equity Index, Weekly Chart
The strongest performing stocks y-o-y within that Index are:
- Phelps Dodge (PD) +123%
- Newmont Mining (NEM) +121%
- Placer Dome (PDG) +99%
- United States Steel (X) +99%
- Barrick Gold (ABX) +59%
- Alcoa (AA) +59%
- Marathon Oil (MRO) +53%
- Alcan (AL) +48%
Posted at 9:40 AM, GMT
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