Trader’s Narrative

Bullish percent (BP) charts are calculated differently than other price charts you may be familiar with. For starters, they aren’t really price charts. Second, they’re only applied to an index or group of stocks not individual stocks. And at their heart, they rely on point and figure charting. Tom Dorsey couldn’t have predicted their success […]

By some cosmic confluence, on the same day, we had two great trading blogs describe how they approach the trading day. Make sure you check them out and pick up some great tidbits.
PinoyTRADER has a swing or position trading strategy that relies on scans he runs the previous day (he looks at ~400 charts […]

Here’s an interesting headline from today’s Yahoo! frontpage:

“Get long and short term tips to invest in a down market” Sheesh… you’d think we’d just had a massive and prolonged decline! The market only fell around 6% since its mid-February top and already we’re being given tips on a ‘down market’?
Another notch for the sentiment […]

Here is the second installment of the Tony Oz Stock Market Video Newsletter:

It features Jim Sugarman, the co-founder of International Day Trading Expo, along with Rachel and of course, Tony Oz. The show is still finding its feet with some audio hiccups, a bit of over-acting and some minor digressions. Personally I liked the ‘boring’ […]

BATS is a new ECN that is getting a lot of attention. It was founded by David Cummings, who previously started up Tradebot Systems and previous to that was a wheat trader. The upstart company is located in Kansas, away from the major financial centers. Yet it has grown considerably in just a few years. […]