WHY

Why do folks believe they need to trade constantly? You don't have to be on pins and needles everyday looking for trades, trades will come to you. you can't force the market hands it will do what it wants, even if you have a 100Million portfolio that is just a speckle of sand to the real monies in the market.
Don't watch your account daily relax! stop staring at screens! I am telling you this 1999/2000 will never come back so stop thinking you bought a stock for $20 and tomorrow it will be $40.

Oil

Still thinking Oil has a bit lower to go before I take it long- Waiting patiently

Narrow range

Notice the narrow ranges of the last few days. Seem like a rest before a move, consolidation.

Opening

a bit of weakness off the open- we will see how we bracket the first hour

Idea

Just a thought I have. I have been looking for a pullback to jump on to some S&P's calls but we haven't gotten a big enough pullback yet. My thought right now is the same as last year, I believe we will hit a trade able high in 2011, I am getting some signals it might happen in April or June and I will be looking for a grand finale to get short. In the meantime If and when we get a pullback it is 1000% buy-able as I expect us to make a high in April or June.

Just a thought.

Hmm- Think I got another one

Yes another bull flag set up like FSLR on friday- This one is on AA, Make sure it confirms the pattern and jump on for the ride.

Nokia

So Nokia stock is getting slammed today. Here is a little story that you can use to invest or know which stocks to short. For the last 3 months I have been researching smartphones as I am still using a dumb phone :) so one night my wife asked me if I have decided which phone I am going to get. I said looks like a HTC but I want to wait on the new 4G offerings, I am so behind technology wise with my cell phone might as well do the best upgrade, so she replied what happen to NOKIA? I said you know I think Nokia's time is all over, I can't recall seeing a Nokia phone here I actually only see them when I travel overseas.
So there is a everyday example of observing what is around us daily that we use to help us invest, don't listen to the idiots on CNBC :) Go out and open your minds to stuff happening around you.


Have a great weekend.