Recent content by GSTLj

Yeah, no doubt trading is gambling. You never have complete control over what is going to happen no matter how smart you think you are, no matter how much education you have, no matter if you have all the best trading tools. You can do things, just like gamblers in Vegas can do, to tip the odds...

There are MANY ways to make money in the stock market. Can you make money with a straddle like strategy? Sure. Could you just as easily lose money doing it? Sure. Give it a shot. The biggest problem is someone tries a strategy that's not for them and their psychological make up. That's where you...

As of Friday, more than half of companies traded on the S&P 500 had reported with a combined earnings performance of -1.2%, and we are on track to have the first negative quarter in three years. A whopping 63% of reporting companies have missed their revenue forecasts, and many have lowered...

All the major indices are in down trends. The Nasdaq seems to be leading the charge lower. The main cause of the down trends on the Dow, Nasdaq, S&P 500, and Russell 2000 is lowered forward guidance and earnings misses. The third quarter is the first in three years, where profits are actually...

The U.S. dollar is NOT a fiat currency. I hear a lot of people say that and that's wrong. The U.S. dollar is the world's only oil based currency. You can google the petrodollar trade to find out more about this concept. Consider that when we went into Iraq, we put Iraq oil back on the...

Good point on options expiration next week Vicorka. The most troubling index is the Russell 2000 Small Cap Index. Small caps often lead the market both up and down. The Russell 2000 has broke below the support level of 830 on Friday. All the other major indices are still testing their previous...

Next week, most of the big banks, including Bank of America (BAC), Citigroup (C), and Goldman Sachs (GS), report. Tech names like Microsoft (MSFT) and Google (GOOG) report. If these bellwether companies in Finance and Tech wasn’t enough, there’s a two-day meeting of European Union leaders, and...