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Tuesday, February 1, 2011

Morning Thoughts for February 1, 2011

Just a brief note ... I'm not seeing a whole lot of trade setups this morning. Perhaps Silver ... but that we need to stop moving higher, and start congesting; and Oil on the aforementioned bias to enter if I see a rally and then congestion.

Other than that, I'm going to be going through some conference calls I was interested in catching, but I was away on vacation. Not for companies that I own per se ... but conference calls I wanted to catch; namely BAC, ABT, ADP, PG and T.

At the same time, I'd like to try to get some of the video I took in Mexico put together in a new video on the "Trading for a Living" series. So I have some work ahead of me ...

Also, I want to note that the dividend investing sister gained 0.08004 more shares of General Mills (GIS) for the A.C.C. 'sister' account; since the dividend was paid today, and the DRIP is on for all 10 shares.

Edit - 10:34 AM: Live from the Facebook page (linked to the twitter account), while listening to the BAC call, shorted silver from 28090 to 27909.

Edit - 11:12 AM: When would it be time to dollar cost average on General Mills (GIS)? When the DBA takes a break. That, in my opinion, is what is leading this slide lower. Higher grain costs, although General Mills (GIS) has built a 4% to 5% hedge model, so I have no worries on earnings. But at the same time, you don't want to average down on price when it's just going to slide lower.

If we pop above $34.40 on the DBA? Larger accounts could consider hedging any established General Mills (GIS) position with the DBA. Just a thought, and it would need to be weighted according to the run the DBA has already had.

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Note: The above statements should not be construed as an investment or trading recommendation. Airelon's Investing and Trading Journal is a blog that allows subscribers to look 'over my shoulder' as it were, for my own personal specific trading and investing ideas and thoughts for the next week. But they are only thoughts as of the moment of publication, and are subject to change.. Any trades or investments that I discuss within this blog are simply my own thoughts regarding my own investing and trading outlook. Remember that entering any market is an individual decision. There is no guarantee that I will enter, or have entered any of the trading or investing ideas that I discuss in this blog; as larger accounts may require a different strategy as the ones presented here. This blog simply contains my trading and investing thoughts for the next week. I, the author do not grant this work for wide distribution beyond any single individual subscriber as this publication is protected by U.S. And International Copyright laws. All rights reserved. No license is granted to the user except for the user's personal use. No part of this publication or its contents may be copied, downloaded, stored in a retrieval system, further transmitted or otherwise reproduced, stored, disseminated, transferred, or used, in any form or by any means except as permitted under the original subscription agreement or with prior written permission. I personally only enter any market after watching and reading the tape and I trade using money management principles. The losses in trading can be very real, and depending on the investment vehicle and market, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 14 years of experience in trading and investing in these markets. Airelon's Challenge Chronicles are demo accounts,with all of the inherent problems therein, which are used within this blog in an attempt to track the results of my own thought processes., and is run as a model. Traders who should make their own decisions based off their own research, due diligence, and tolerance for risk. Any pictures used within this blog are believed to be public domain. Any charts that displayed using the ThinkorSwim platform, or any other charting software are believed to be public domain. Any other pictures were obtained through Wikipedia's public domain policy. As a reminder, any trades discussed for "Airelon's Challenge Chronicles" would only be 'day trades' according to the parameters discussed for Airelon's Challenge Chronicles, at this stage of the game in order to escape the risk of over-leveraged gap opens in the commodity futures markets. As a 'trading sister' would have grown to the $30,000 level, I would have graduated the account into 'swing trading'. In addition, it is understood that readers have read my YouTube methodology series. It is also understood that the writer of this blog has repeatedly warned against the dangers of shadowing any other traders thoughts. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk

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