Archive for August, 2008

  • Stock Market Video Trend Analysis 8/29/08
    , August 29th, 2008 at 4:13 pm

    Here is a HIGH RESOLUTION VIDEO DOWNLOAD for today.

    Read the full review from SMARTGUYSTOCKS

    “First, let me preface my first book review by noting that I am extremely skeptical of marketing experts who sell trading systems and technical analysis products. However, I believe the Internet will allow a handful of successful investors and traders to build a loyal following if and only if said followers can make money. Brian is going to be one of those success stories.”

  • Bear Trap?
    , August 29th, 2008 at 1:06 pm

    It is too early to call it one, but if the market can recover back up towards 46.40+ it will allow the bulls to rest a little easier over the 3 day weekend. Solars continue to be where the good upside action is, there are a lot of good setups in that group.

  • Another Test of 46.10
    , August 29th, 2008 at 10:51 am

    The more times tested….

  • Solar Is Where The Action Is
    , August 29th, 2008 at 10:18 am

    The market is pulling back again and the Qs broke the higher low at 46.60 which means be extra cautious. I am focused on solar stocks, YGE is pulling back right now. See the video about how I am playing it and why.


    YGE Setup and Trade from brian shannon on Vimeo.

  • Genius
    , August 29th, 2008 at 6:11 am

    Genius is one percent inspiration and ninety-nine percent perspiration.
    ~Thomas Edison

  • Email Policy
    , August 28th, 2008 at 4:25 pm

    I have been very clear about my email policy in the past, but not everyone listens. So to be clear.

    I answer all emails (generally within 48 hours) if you can follow a few simple rules.

    1- Please be BRIEF… seriously I do not read beyond the first 2-3 sentences. If you send a long email there is a good chance I will not respond. If you cannot frame your thoughts in 2-3 sentences include a phone number and I will call you (US only) when it is convenient for me.
    2- Do not expect proper grammar, punctuation!, spilling, etc. from my emails. It is just email, not a work of literature. Also do not expect long, in depth answers to most questions, most of them have likely been covered in MY BOOK
    3- I DO NOT give any specific stock advice, ever. If you ask for specific stock advice you probably will not get a response.
    4- I do not respond to emails during the first or last hour of the trading day or during busy market times.
    5- Do not send attachments. I will not open them, risks are too high with viruses.
    6- I do not do “link exchanges” if you have a blog you think is good you can send me a request to look at and if I like it I will pass it on to my readers.
    7- If you have a business proposal include a phone number I can reach you at because I would rather have a phone conversation than read a long email about the details.
    8- If I have not responded to your email after 48 hours, email me again and include a phone number because it is possible my response got caught in your spam filter. If you still do not receive a response it is likely that your email got caught in my spam folder (and I never check it). So try sending it again from another email service.

    I do not mind questions, but I am just one person, this blog is free and I cannot allow questions to get in the way of trading, cool?

    If you send me a long winded email, an attachment, link request, etc. I will send you an email that asks if you read THIS?

    .

  • Stock Market Video Analysis 8/28/08
    , August 28th, 2008 at 3:53 pm

    Here is a HIGH RESOLUTION VIDEO DOWNLOAD for today.

    Fun stock market at Blain’s STOCK TRADING TO GO site.

    .

  • Trading Volume
    , August 28th, 2008 at 2:44 pm

    Volume: Always Second to Price
    Volume analysis can supply us with important information regarding the conviction of the buyers and sellers in a market, but it is important to remember that it comes second to price, as in the end price is the only thing that pays.

    There are many instances where a stock will rally on lower-than-average volume, and many participants, afraid a low-volume move will not be sustained, will distrust the move and miss out. Decisions to buy and sell should be based on price action first. If the volume does not expand in the direction of the trend as you would expect, consider reducing your risk by selling off a piece of your position and keeping a tight stop on the balance. Whatever you do, do not fight a trend because of volume concerns. Volume will often follow price as more participants are motivated by the emerging trend activity to take action, and fighting the trend can become very costly.

    Understand the healthy relationship of the volume expansions in the direction of the primary trend as compared to the diminished volume on the counter-trend moves. This relationship shows conviction in the direction of the primary trend followed by a lack of opposition as the stock consolidates, which increases the likelihood of a trend continuation.

    Know that liquidity for a stock is not a constant even when the average daily volume reaches millions of shares. Liquidity is impacted by a long litany of factors such as time of year; time of day; times surrounding corporate events such as earnings, new product developments; and, of course, technical events such as breaking past a key level of support or resistance. Trading volume outside of the normal hours (9:30-4:00 pm EST) tends to be very choppy and is best left to only the most experienced and disciplined traders.

    Low-volume times of the year don’t necessarily mean avoiding the markets as some believe. One of my favorite times of year to trade is the last two weeks of the year. It seems as though the market becomes more predictable without the influence of the larger program trades. The moves in the more speculative names seem to be left “unchecked” and allowed to run. Be sure to understand the factors that affect the liquidity of the market overall and more importantly, the stocks you are trading, to minimize the impact of your order to the market.

    This is a short excerpt from MY BOOK

  • Looking Better
    , August 28th, 2008 at 12:25 pm

    The markets are looking much better as the SPY downtrend line has been broken and we now have a short term pattern of higher highs and higher lows. The Qs are still battling with the DT line but with the rising 5 day MAs in these markets, we should now give the short term benefit of doubt to the buyers. Volume will continue to diminish as we approach the long weekend so be sure to lock in gains before they are taken from you if the market comes back in.

  • Masterpiece
    , August 28th, 2008 at 6:07 am

    When love and skill work together expect a masterpiece.
    ~John Ruskin

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