Archive for September 14th, 2006

A Short-Term Trade

September 14, 2006

chart.gifThis is the first time I have ever provided information on short-term trades because they are just too unpredictable and they take too much emotional effort to invest in. There are a lot of longer (not long but longer) term investments that can pay off quite handsomely so that’s what we normally stick to. Besides most short-term trades are based off of trying to read the psychology of the thundering sheep herd combined with technical charting patterns, an inexact science in itself.

This blog is kind of to appease the anti- “Zen of Investing” reader. The 99% of people that invest the same way, and that look for “get rich quick” investment schemes that are full of promise but empty on reality. Yeah I guess you could call this the anti “Zen of Investing” blog post.

Right now, the technical charts for the S&P 500 index and the NYSE index look very weak, meaning that a sharp break to the downside could be upon us, while the technical charts for the U.S. dollar and the Nasdaq index have just broken through their downward resistance lines and look strong. However these are all short-term indications, so you could possibly buy puts on the S&P 500 and the NYSE and go long the dollar and Nasdaq to try to pocket some short-term gains. To play the dollar both Rydex and Pro Funds offer strengthening dollar funds. Read more …

More on this topic (What's this?)
Is Wall Street Pay Falling Far Enough? (naked capitalism, 11/5/08)
Mirabile Dictu! Wall Street May Start to Rein in Compensation (naked capitalism, 10/30/08)
S&P 500 2009 Estimates All Over the Map (Fund my Mutual Fund, 11/19/08)
Dividend Aristocrats are outperforming the markets in 2008 (Dividend Growth Investor, 10/22/08)
Read more on Verifone Holdings, S&P 500 at Wikinvest

Add comment September 14th, 2006


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      J.S. Kim is the Founder & Managing Director of SmartKnowledgeU™, LLC. He attended the University of Pennsylvania, and received a double master in Business Administration and Public Policy from the University of Texas at Austin. Read more...

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