"North Branch"

..........

A colorful look at SIRI. Perfectly obvious entry for those who have studied the Trading for Dummies lessons. That 12:30 bar, assuming it's real, would have stopped out anyone who tightened his stop above entry.

SIRI, 30-minute Chart

..........

TRIB has the same kind of weird action on the 12:14 PM bar, spike in price and volume, as do RMBS, TTEC, SCUR, etc. Odd, can someone explain to me what happened around 12:14 PM?

..........

Hmmm, it looks like that funny bar really could have happened around noon... I would have been stopped out if it really traded down to 2.59. Stopped out and furious.

SIRI, 1-minute Chart

..........

The 12:14 PM bar looks like a bad tick in SIRI... did it really trade down to 2.59? Probably not.

..........

SIRI is active today (over 60,000 trades so far) and it set up nicely this morning. I'm not sure I would have played it because SIRI often behaves strangely and the scanner might have overlooked it... I just don't know because I wasn't here to watch the first hour's action.

..........

"GOLF" didn't trigger short, so there was no play today.

..........

Top Twenty Nude Scenes of 2003. I was surprised they didn't include Kristanna Loken's wonderful entrance in T-3.

..........

This past weekend I read Barron's on the airplane cover to cover (which is something I never do). I was struck by the fact that there was next to no mention of the bull market in gold and silver... seems like it's off the radar screen still.

At year-end I'm going to post weekly charts for 2003 of all the futures markets I follow: AD, BP, CD, DX, EC, JY, SF, CL, NG, ZN, ES, NQ, GC, and SI.

..........

Another big trend up day yesterday, making sure the year closes out on a very high note.

E-Mini Nasdaq 100 futures, Daily Chart

..........

"GOLF" is a SHORT play, NYSE-listed in the $40-$50 range, around 1.7% of risk. Email me for details (but chances are you're not going to catch me).

"GOLF," Daily Chart

..........

LLP arrived home from Shanghai last night and we have to catch up. We also plan to see Lord of the Rings today, so I won't be around much, but I will post "GOLF" this morning.

Previous Entry >>> Random Thoughts -- December 29 ("FOXTROT")