http://www.marketwatcher.com My thoughts on the markets, trends and investing. Wed, 22 Jul 2009 01:10:39 +0000 http://backend.userland.com/rss092 en After 9 up days for the Nasdaq, it is time for the market to rest and some correction. 9 up days in a row is very rare and my stats say there should be a 2 to 3% pullback. I sold DXO, URZ, EMC and ADRE. The solar companies held ... http://www.marketwatcher.com/?p=35 Weeks like the last one are very frustrating to people who have an opinion about the market and ignore what the market is doing. That is why having a game plan and being able to admit that you are wrong are skills you need to make money in the market. ... http://www.marketwatcher.com/?p=32 This week was tough. The market was under pressure. I am still very defensive here and 75% in cash. Crude Oil had solid selling all week. I think it can bounce here for a few days so I bought DXO. I am giving it the 3 day rule. If the trade ... http://www.marketwatcher.com/?p=24 Monday's market was sloppy. AMZN was weak when the market recovered in the afternoon, so I took the profit. $84 is very close to the 62% fibonacci retracement and if the market is going to get weak, I don't want to hold AMZN. ESLR gave back most of Friday's ... http://www.marketwatcher.com/?p=22 An unexpected upside move from URZ today. I couldn't find any news to explain it, but the volume was impressive. So, what do you do when a stock goes vertical? I started to get nervous this afternoon when it was up 20% then it went parabolic and was up 40% ... http://www.marketwatcher.com/?p=18 Preserving capital is a strategy :) The sell off of the past week did a lot of damage. I think the next month will be choppy and to the downside. So, any long positions here need to be on a tight leash with a close stop loss. We touched the ... http://www.marketwatcher.com/?p=16 Last week was frustrating. AKNS finally broke out and made a nice run but pulled back a lot on Friday so I took the profit. It needs some time to rest this week and then we'll see if the new trend will continue. AMZN did a fakeout this week. It ... http://www.marketwatcher.com/?p=14 I got stopped out of DGP and it looks like it needs to correct here. URZ has pulled back to the breakout. So, I am waiting for a better chart patterns on both of these. I like AMZN here and bought some on Friday. I think it can run to 90 ... http://www.marketwatcher.com/?p=10 Welcome to the MarketWatcher blog. I will be posting my thoughts on the markets and trends. The big trends I am playing this year are: international etf's, solar, water, oil, uranium, and metals. I will explain my thinking on these trends and how I plan on playing them. I ... http://www.marketwatcher.com/?p=1