DrStool

Interesting perspective.

Well I only gave back 75% of the profit I had at the open, from holding longs over the weekend. Is that a good thing? Today I go out 60% long, 40% short. I am well positioned for my gains and losses to cancel out. From chilly Zagreb, Croatia, In the immortal dulcet tone words of the late, great John Facenda... Have a nice night, and a good day tomorrow. Good night all.

Your track record of appearances here is unsurpassed. LOL

I opened with beautiful profits. Anditsgone.

My longs are down and my shorts are up. Wedgie.

Except for the precious metals stocks. But now that I've noted that, they too will probably go in the tank.

Today has turned into opposite day. Every position and recommendation is doing the opposite of what I expected.

Trump didn't pay taxes. Bullish. Trump is losing money. Bullish. Trump is using the government to boost his own interests, bullish. Trump's tax audit stalled. I wonder why. Bullish. Trump is in the pocket of countries and special interests who pay him. Bullish.

We have come to the projections and reached multiple resistance lines. Moment of truth. OK, couple hours of truth.

Never, ever, gloat about your success. As soon as I posted that, profit dropped by 25%.

Jeeze. Having a good day despite my ineptitude.

Travel depression must be over. STWD got wood.

TDOC is a MFer.

Being bullish is exhausting, draining work for bearish suckers like me.

AND ANOTHER! I SUCK!

Fock. Another one I chickenshitted on Friday just broke out.

I saw this symbol TSLA that has a good trading pattern. I wonder what they do. I feel sorry for the people who shorted that Wednesday. Their lives are now over.

I rarely day trade, but Friday I got the bug after a couple nice little trades on the short side earlier in the week, particularly a short of JPM which I covered Wednesday. Came in short GS Friday and covered it mid morning with a small profit. Had a few longs, and added mightily through mid day. I told you about chickening out on long TDOC, which is killing me. No conviction. I'm watching it for a BTFD moment. I had 8 trades going into the last hour Friday. I kept trying to short a couple into the rally because I was 100% long and I couldn't tolerate that. But trying to short that was l

2-3 day cycle projection now looks 3340. 5 day 3345.

The Bulls Are Back 2 - TECHNICAL TRADER SEPTEMBER 28, 2020 An up day on Monday would confirm that the short term downtrend is broken. This report gives you the key support and resistance levels, and what to expect if they’re broken. I’ve added 8 chart picks, 5 longs and 3 shorts, to take advantage of a move either way. Technical Trader subscribers, click here to download the report. Not a subscriber? Try Lee Adler’s Technical Trader risk free for 90 days!

In short, no. You do not see armies of homeless people in Croatia like you do in US cities. Croatia is a poor country, but they seem to have ways of housing their poorest and most needy, unlike the US. I'm not familiar with their social services beyond their health care system, which I have paid to use on occasion. The facilities are right out of the socialist era, not palatial monuments to excess like in the US. But care seems good. Medical professionals are highly trained. They have modern equipment, and at least in Zagreb, there are plenty of medical specialists to treat particular di

At least on Monday morning. Let's start with the 30 minute bars, then zoom out. The last move up overnight as of 3:30 AM in NY looks tired and toppy. But with a 2-3 day cycle projection of 3335, there's some prospect of a second wind. The hourly chart shows multiple resistance lines around 3325. But the 5 day cycle projection is also around 3335. Hourly cycle indicators suggest that there isn't much more upside, but there are no sell signals yet, and they could go into trending mode. The beautiful 2 hour bar chart shows yeah, there's room to ru

Mr. Minuschin’s Erection To Boost The Election 1 - LIQUIDITY TRADER SEPTEMBER 26, 2020 We have known for a couple of months that there would be a mountain of Treasury supply hitting the market at the end of September. We also knew that Fed QE would be far from adequate to absorb this supply. So I have expected something bearish for stocks at the end of September. This could spill over into the first week of October. But then things get hairy for bears, with potentially happy days for bulls. Unfortunately, we have a little problem this week. There’s no visibility

Facts can change of course as policy makers and traders make adjustments to current conditions and external events and trends. That's why I update the Technical Trader every week, and post new reports in Liquidity Trader 7-8 times each month. The facts that we've had for the past few months have been telling us that the September-October turn of the month days should be bearish. Get the whole story at Liquidity Trader. 90 day risk free trial!

I don't do wishful thinking. I look at the data. I analyze it. I come to a conclusion about the outlook. And I create a trading plan to take advantage of that outlook.