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Mikey's Short Term Trading Rules

1) Make up a list of stocks, commodities or ETF's to trade. This list should be names that have good earnings and high relative strength.
2) Monitor this list and throw out the weaker names
3) Buy only stocks or ETF's that are intermediate and daily up (green) and the market is Daily and intermediate term up (green)
4) Buy pullbacks on these stocks to the 20 and 50 day averages
Usually you get 4 to 6 20 day pullback buys and 2 or 3 50 day pullback buys in an intermediate term trend
5) More agressive traders can buy the 7 day average in the first 3 to 8 weeks of the uptrend.
6) Buy pullbacks not runups. A buy should not be easy or exciting but difficult and somewhat scary. DO NOT CHASE
7) Place stop at 5% below the buy price. Do not remove
8) Sell 3 to 5 days after the stock price takes out its most recent 2 week high with at least 15% gains
9) Uptrends that are 12 weeks or more may be ripe for a correction. The first 2 pullbacks to the 50 day are usually safe.
Intermediate term uptrends and downtrends generally last from 8 to 16 weeks with 12 weeks being the norm.
10) Shorting is a viable strategy in downtrends for experienced traders only. In general, reverse the above rules
11) Tweet Mikey @themarketshadow with questions or ideas

Monday, June 7, 2010

Inflation?.. Well that's their story and they are sticking to it

Their story is a Lo whooo zer!!! Please look at the following

Commodity charts...See any inflation here? All of these charts start In May 2008. All I have hear for two years is we are going to have inflation. You Tell me is this inflation?

Corn ....How about the hungry world senario?



Wheat ....no not here




Copper...China hording copper? Nah



Platinum This is a semi precious metal Cracking?




Oil Remember 200 dollar oil and all those shortages..not working here



Dollar Index I thought they said the dollar was going to go down..remember the FED printing all that money? Well are they??



CRB Index An index of all commodities Looks down to me




They have touted inflation, recovery and commodities for the last 5 years. It is not working. The average person thinks we are going to have inflation. These charts tell the opposite story. That is the power of the media. I have been telling the deflation story for the past 3 years. The media does a good job of covering it up. Gold is the main cover. The public looks at gold and then draws a conclusion on inflation. If you control the price of gold you can control the public thought on inflation. As long as Gold stays up the public will believe there is inflation.

Notice the Bond market It is starting to trend up, This means that the long term rates are falling. They have been telling us rates are going higher..not true



Here are the world stock markets: No inflation here

India Just starting to get hit


Japan look out below


Emerging Markets ...Woops


Brazil.. Oh no Mr. Bill


US markets


And the Big Dog China




In summary, the dollar is going up, long term interest rates are falling, world markets are getting hit hard including our stock market and the commodities markets are heading south. Inflation that's is a bald face lie and prices are saying it.




Mikey
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