A trend is not your friend The IRS won a few tax court cases over the past few years; disallowing trader tax status and IRC Section 475(f) mark-to-market accounting (MTM, ordinary loss treatment) for "close call" traders. Unfortunately for all business traders, a ... Read more
Date: 07/21/2008 Symbol: NAT Company Profile: Sector: Services Industry: Shipping I will look for NAT setup based on the weekly chart and ... Read more
LONG: Swing possibilities (ST-PT) IHS Next earning date: Sep 18, 2008 If you have any questions, please email me Good luck trading today!!!! Ivica Juracic long above: 70.00, stop under: 68 ... Read more
Symbol: EXC Sector: Industry: Diversified Utilities Entry price: above $90.00 Stop price: under $87.78 Target area: $100 areas When we compare EXC and indices charts ... Read more
TRAK was gapping down at the premarket. TRAK rallied from the open gap but soon ran out of steam. Once it completed the Wide Range Bar (RED) 14 bar in I wanted to find an entry to go short. Once it traded below the low of the 14th bar a little base I took my short at 22.24 ... Read more
MCK was my Super Bowl trade today. See how Manning's play book helped me out on my MCK short at www.atmwallstreet.blogspot.com for my comments GO GIANTS! ... Read more
The Tax Reduction and Reform Act of 2007 (H.R. 3970) is still on the table. If enacted, it could have profound tax consequences for traders. By Robert A. Green, CPA You all know the popular line, "There are two things that are certain in life: death and taxes." Th ... Read more
by David Settle Carry trade liquidation and a spike in volatility were the two major themes for the forex markets during the final trading session for the calendar year. Existing home sales and relative calm in central Asia helped the greenback recover some of last week's losses. USD As yo ... Read more