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Shark-jump trading: Great traders recognize when a pattern changes

The phrase jump the shark comes from a scene in the fifth season premiere episode of the American TV series Happy Daystitled “Hollywood: Part 3,” written by Fred Fox, Jr.[4], and aired on September 20, 1977. In the episode, the central characters visit Los Angeles, where a water-skiing

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Guess which headlines are from today and which are from two years ago

Here’s what I was reading and thinking about this morning when I wasn’t shooting hoops outside in the brisk mountain air. The Biggest, Baddest Bubble of Them All – David Merkel writes: The biggest bubble, waiting to pop, is that of [I don’t want to give away the

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Stampede trading

As the riders loped on by him he heard one call his name If you want to save your soul from Hell a-riding on our range Then cowboy change your ways today or with us you will ride Trying to catch the Devil’s herd, across these endless skies

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Nuances of Nuance

Modell: You know what word I’m not comfortable with? Nuance. It’s not a real word. Like gesture. Gesture’s a real word. With gesture you know where you stand. But nuance? I don’t know. Maybe I’m wrong. – Diner (1982) Nuance quarter, quick take: Nice growth, continued

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Time to freak out about the big Apple move?

I get asked all the time, for years on end now, questions like this one I got today: AAPL price action scares me—and I’m way long. Don’t like parabolic moves. What do you you think is happening there Cody? Revaluation of PE or machines running wild? My

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Chat Transcript: BK, LPS, AMZN, Romney and more

Here’s the transcript of today’s chat. We broke the questions and answers down into two sections as usual — Economy/markets/trading/strategy and Stocks. See you next week at 2pm EST at http://tradingwithcody.com/chat for more Q&A where you can ask me anything. Economy/

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Today’s links and don’t forget today’s chat at 2pm EST

Don’t forget this week’s chat session at 2pm EST at http://tradingwithcody.com/chat where you can ask me anything. Here’s what I was reading and thinking about when I wasn’t cutting wood this morning. CBO Solution to Budget Crisis – Everyone Bend Over! – Bruce’s title

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Trading like a Gaul

The nation of all the Gauls is extremely devoted to superstitious rites; and on that account they who are troubled with unusually severe diseases and they who are engaged in battles and dangers, either sacrifice men as victims, or vow that they will sacrifice them, and employ the Druids as

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Structural shifts produce portfolio shift

Good-bye January, hello leap-year-February. Before you knew it, 1/12th of the trading year, 8.3333% (repeating), is gone for good. We’re at new levels of absurdity.  March 20th is the vernal equinox and the day €14.5 billion in debt payments come due for Greece.

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Sticky markets, LPS add, and Cisco trim

The markets are getting back a little bit of what we gave up and the broader indices remain near highs. “Sticky” is how you could describe this action as the markets are “sticking” near their recent highs like an old piece of tape on your dashboard. Is it possible that

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Bullitt Trading

I woke up with something wrong going on with my system and I’ve spent the day just trying to recover enough to get productive.  Regardless, the markets stop for no man. So let’s talk it. Markets are flattish to slightly down on the day and there’s a

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More on the Seagate trade

A few weeks ago, when the stock was trading at about $18 a share, I wrote a column called, “Seagate: A wildly cheap stock with a chart that’s on fire. First off, I want to thank Robert Marcin, whom you’ve seen me call “The best value investor I