Market is definitely reacting to the ISM Prices Paid...came in hot 78.4 over an expected 75.3...

The real question is all those rate hikes leading up to and the one in June, did the rate hikes curb the inflation risk?  History tells us the FED goes too far...I'm worried that Bernanke needs to show is "WORTH" when fighting inflation...we all knows what happens when males try to show their "WORTH" usually leads to something be OVER DONE.

Reminds me of a guy who is 5'0" and rides in a Ford F350 jacked up on the biggest street legal tires.

or the thin short young chick driving a huge brand new SUV

Phailin, you seem to use a wide range of trading styles with option strategies, short term trading,etc.....for my benefit, do you have insight into what has worked best for you and what system or method you generally use most  of the time...or any resources that you use for decisions making

looks gold is going to go up, one thing is not sure if it is going stay in the triangle consolidation or go all time higher.  Dollar looks want to go down from here

Nasdaq is racing downhill like mad...I am seeing a big distribution day unless someone steps in...

I'd rather bang my head against a brick wall then try to go long here...what an awful market.

good thing i picked up gold a few days ago @$627.50 shouldve taken oil too at the same time

smart one ! I took auy and gdx, I had nak as long term position based on its fundmental.  The only problem is the environment issue there.  HMY also has very strong fundamental based on ounce in ground/market cap.  

Note to self........STOP FUC*ING TRADING in this unfavourable market.  I never swear so people reading can decipher just how irritated i am right now.  I've been churning for 2 months now but because i pay slightly higher commission rates my account is suffering from this minute slippage that over time has eroded my account .01% at a time and i'm now down 2% in the past 60 days.  There is absolutely no follow through in 90% of my trades.  So even though i use proven position management strategies, inevitably the 30% of the trades that get stopped out on the downside with a full position, are offsetting the 60% trades that i scale out of on the upside leaving me with a net commission loss.  It's driving me insane.  My option trades are making net profit but only enough to almost offset the commission slippage and so, every week i average about a .3% loss.  Geez, just when the market looks like it's done with the 100 down days we get this.  

Nasdaq heading for a nice distribution day.

phailin
you only down 2%? thats awesome i bet tons of people would wish to be in your shoes

huajian
if the market gets crushed then gold stocks will go down too even if comex gold is higher but Gold can trade independently of the SPX

volume on nasdaq is still below yesterday

i see we are off 12% if it were to close now...there is a lag with my info...

Actually, my bad, I am totally looking at the NYSE comp...Nazzy vol is way off..

MY APOLOGIES...man I need another vacation

im sure the bears do NOT like the last 20 minutes

hey market
this late day rally brought in just enough volume for a distribution day

Orkiter, my trading consists of swing trades, options, and holding longs but only in a strong up trending market.  The options usually represent no more than 20% of my holdings and contribute a small % to my return.  Overall they are the safest part of my universe of stocks.  Over the years i've learned to swing trade from Jeff Cooper and use his money management techniques in everything i do.  Above my computer i have two things on the wall, a piece of paper that has the word WAIT on it to make sure i don't jump into trades in a reckless manner.  Below that is an axe.  I use that as my best tool to trade with by keeping losses controlled.  The first thing i do when entering a trade is to put the stop loss order in, that takes emotion out of the trade when it comes time to sell.  I scale out of upside gains but the % with which i do that is not as solid as i tend to vary it with the sentiment of the market.  Right now it's a flat 50% shave off the first $1.5-$2 depending on the volatility of the stock.  Usually it's less as i like to let winners run, but right now with the lack of any multi day follow through i'm spinning my wheels.  My liabilities in trading are still the same after all these years, i second guess myself too much.  I'll do appropriate risk/reward research and come up with a defined entry price.  Then i'll second guess market sentiment at the moment my price is triggered and get left behind on the trade.  I'm following Josh because his system takes all intra-day emotion out of the trade which i like.