11/18/11 Dave Landry's Newsletter: Do This Just For S&Gs
Sent Friday, November 18, 2011
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We had another great show yesterday if I say so myself. I wish
someone would have told me these things 20-25 years ago. Here's the
synopsis: Where Are We Now? In this episode, Dave takes a big
picture view of the markets starting with the micro and then
working his way out to very long-term charts. For Techniques he
covers the fact that With Volatility Comes Opportunity--How to
avoid letting your ego get in the way of profitable trades. He also
covers Techniques to help you hold on to profitable shorts and how
you might look to make small bets on speculative trades during
questionable markets. Finally, he answers your questions and
analyses your stock picks.
Go here http://www.davelandry.com/wic/index.html to download.
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Got Random Thoughts:
The market began breaking down out of its sideways trading range.
The fact that it remains obsessed with Europe is concerning.
Nothing has changed just yet. So again, as a trend follower,
there's really no trend to follow. This is especially true when
there is supply just above the market.
So, what do we do? If I were you, I'd continue to use this time to
focus mostly on studying the markets vs. trading them.
As I said in yesterday's webcast, it's okay to fire off a trade or
two here and there for S&Gs. Just don't bet the farm as long as the
overall market remains sideways at best.
Futures are firm pre-market--Europe has solved all of its problems!
(I bet by 3:30 Eastern, they'll have problems again though. Look
for a sell off around then! If you're bored, look for a 5 min
Bowtie short right around then. Buy me beer or a Mountain Dew if it
works).
Best of luck with your trading today!
Dave
Questions? Comments? Buy my new book, read it, then shoot me an
email at dave@davelandry.com or call me at(1) 985-898-4993.
Disclaimer:
All predictions are about the future. A lot of $#*! can happen
between now and then.
Information is provided for educational purposes only.
See more disclaimers at www.davelandry.com