Rising Glory

Is It Time To Stock Up On Chocolate?

by admin on July 28, 2010

As reported in the NIA:

“This past weekend, the New York Times wrote a front page article about how hedge fund manager Anthony Ward, through his private investment fund Armajaro, has purchased enough cocoa to make five billion chocolate bars. Ward took delivery of 240,100 tonnes of cocoa, the biggest delivery in 14 years and about 7% of the world’s annual production of cocoa. Some are calling this an attempt to corner the cocoa market, similar to how the Hunt brothers tried to corner the silver market decades ago. Many people believe Ward is trying to create an artificial cocoa shortage in an attempt to artificially manipulate cocoa prices to the upside for his personal benefit and to the detriment of chocolate lovers everywhere.”

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50 Moving Average on the SPY

by admin on July 28, 2010

Based on the commentary of the prior post linking to Tyler’s Trading I have added my comments in this post.

I find that one could improve the results when the current price drifts away from the moving average. In my thoughts why wait to give back some of your gains as the price moves back toward the moving average?

In the attached chart you can see the elevations where the price moved from the moving average. A save play would be to liquidate 1/2 of your potion when the price exceeds around 5% from the price of the moving average. This would allow you to lock in a good portion of your gains while a reversal in the trend is taking place.

Click here to access chart.

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Interesting Commentary

July 28, 2010

The below information was posted by Tyler Craig in his blog “Tyler’s Trading” and can be found by clicking the link. I believe it is very informative.
“…the 50 MA is a tool of choice for many chartists in determining their outlook on the overall market as well as [...]

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It’s Probably Not What You Think!

June 22, 2010

The Dow hit a high in April (26th) and all the buzz was about how everything was looking up, the recovery was in process, and things would once again return making for a strong economy. Since then the government stimulus to jump start housing sales has ended, the disaster in Greece has made [...]

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What’s Next

June 20, 2010

Last week was a positive week for traders with the Dow up 2.35%, S&P up 2.37%, and the Nasdaq up 2.95%. But the big question is, “What’s next?”
Well if we all knew that we would get rich. However, here is an interesting statistic. Remember we don’t trade off statistics, but non-the-less it [...]

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Mix Emotions

June 16, 2010

The market has done some profound and confusing things of late. From a technical standpoint there is no question that some key points of resistance has been broken through, given a bullish outlook for at least the short term. While the 60 minute chart on the S&P is very overbought we could see [...]

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The Realities of Life

June 10, 2010

There is an old saying that I believe many overlook. It goes like this, “If you continue to do what you have always done, you’ll continue to get what you’ve always gotten. Is that what you want?”
While it is a fun saying the reality of life is that your life consist of the [...]

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When to Get Out of an Option

June 9, 2010

Before I tackle the title of this post it looks like I was right pertaining to my prior post. The market did not hold up and in the closing minutes of the trading day the market gave back it’s gains. This is the risk in today’s uncertain markets especially with the trend currently [...]

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Are New Highs in Store for Us?

June 9, 2010

Mr. Bernanke spoke this morning with a positive tone of economic growth. The news has sent the Dow back over 10,000. The big question is “can it hold?” I would remain very cautious at this point, in fact I have taken a very speculative play on the QQQQ this morning benefiting from [...]

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