Like I have been preaching for a few weeks on www.SHINESROOM.com live trading broadcast, the biggest problem with the debt ceiling debacle in DC, is that it showed both Wall Street and Main Street … [Read more...]
PRICE IS RIGHT!
July 7, 2011 Leave a Comment
To add to Glenn's insightful and timely blog from yesterday, I made sure that PriceSmart (PSMT) was mentioned on the broadcast because the company was scheduled to release earnings this a.m. The … [Read more...]
Learning to Read Levels
July 5, 2011 Leave a Comment
The other day, I was asking a head trader about similar flows of a sector I was watching and he responded by sharing a bit of knowledge about reading levels. The retails were relatively mixed … [Read more...]
MolyCorp (MCP)
June 18, 2011 Leave a Comment
MolyCorp (MCP) is a rare earth miner, regarded as one of the few outside of China that is able to produce rare earth metals and a popular stock watched here at Shinesroom. Today MCP showed weakness … [Read more...]
Bear Market
June 14, 2011 Leave a Comment
As of yesterday the SPX was up only a little over a percent. But let’s be honest here, there were sectors that were in complete bear markets, and here are some to name a few. Financials were well … [Read more...]
Correlation between Silver & Chinese Internet Stocks
June 13, 2011 Leave a Comment
I’m finding an interesting correlation between silver and Chinese internet stocks. Both of them got the margin requirements chopped which led to a steep decline of the underlying value of both … [Read more...]
First Trading Experience
June 8, 2011 Leave a Comment
I enjoyed my first trading experience on the demo account today. I am excited and eager to learn how to trade with Shine's room. With the knowledge and education that I will attain from here, I … [Read more...]
Market Memory, or Lack Thereof
June 1, 2011 Leave a Comment
As a novice trader on my second day here at Shine’s Room, I have started to understand the importance of two key principles in this industry - patience and coping with volatility. After a stellar … [Read more...]
Expectation’s on Wall St.
June 1, 2011 Leave a Comment
This morning the ADP Jobs Report 38K jobs were created vs. 190K expected. That's a huge miss. Immediately the market sold off. The question is why? Was it based on fundamentals? Is it because hedge … [Read more...]
BCSI – Blue Coat
May 27, 2011 Leave a Comment
Yesterday, Shine recommended me to take a look at the earnings conference call of Blue Coat. So I designated an hour yesterday to really sit through and listen to the entire earning conference call. … [Read more...]
Trade of the Day
May 27, 2011 Leave a Comment
MLM (Martin Marietta Materials) came into 90 day support at $82 on higher than average volume determined great risk/reward told broadcast going long at $82.26 stock closed at $83.22 with a bullish … [Read more...]
Shine’s Room Grabs Glimpse of Dominique Strauss-Khan
May 26, 2011 Leave a Comment
"What is going on?" Shine's Room grabs a quick glimpse of Former IMF Director Dominique Strauss-Khan DSK under house arrest at a secret Wall Street location. His demeanor was "cool as … [Read more...]
Wahoo Yahoo
May 24, 2011 Leave a Comment
Today Yahoo (YHOO) went up about 16.11 to as high as 16.41. Before falling down to 16.05, which is 2 cents away from the Daily SMA200. It then bounced off rallying up to 16.19 before pulling back 9 … [Read more...]
