Switch and Swap Week

In theory there is no difference between theory and practice. In practice there is.
~Yogi Berra


CMI Switching Camps

The CMI is switching over to the QLD at Monday's open. It is clear that the CMI would rather wait for the larger trend than play the short term oscillations that the market has been offering. I'm will put my faith in the words of Ed Seykota and hope that one good trend pays for them all.

COMING SOON - Market Friendly Stock Picking Screener?

While waiting for the CMI to put a trade in the win column, I have been writing and testing a few short term stock screeners that 'trigger' only when aligned with the larger market trend, all in the name of low risk, high reward. If I hold the code in the mirror it should offer some good shorting opportunities also. I'll keep picking away at this for a while and post a couple of symbols when they pop up...just to keep me honest.

"Don't Blink" Day Trading

A while back I had posted some stocks that consistently gained 1-2% intraday almost every day for the last month(s). It's amazing how well this works provided that you don't let the losing trades get out of hand. And they will get out of hand...even with a 86-91% success rate. Maybe a mandatory 10a.m. closing of the trade would keep things in check unless you happen to know the direction of the market during the first 10 minutes of trading. DRV, RBCN, and EXXI still stand out as top picks. (DRV is a 3x inverse ETF). A trading system that requires that you cut your winners short does require some serious discipline.

And That's the Way It Was...

I normally leave world news, or any other kind of news out of the jungle, but since Moscow and Washington orchestrated the biggest and least secret spy swap in decades this week, I just had to say that it will be great having "Moose and Squirrel" back in circulation.

I mean, what have Boris and Natasha done lately anyway?
До свидания! (dah svee-dah-nee-yah)