I consider myself an average – below average trader. Maybe one day I will amass a great fortune trading, but I honestly believe that my fortune will be made with this reality/competition/cooking show that I have been pitching to all of the major networks.
Food Network has already made me an offer and told me that they could possibly get the “Sham-Wow” guy to host the show. I told them to shove it; I want a major network and chef Gordon Ramsey to be the host. So until the deal is finalized, I’ll keep making posts here. If or when I disappear from slope; get your TIVO ready, because you can expect the most awesome reality / competition / cooking show is in production and will be airing soon, or I’m dead. If I’m dead, I’ll try to forward stock tips to my ghost hunter partner Ricky Magnuson. Keep an eye out for his posts somewhere on the Internet in the future if I’m MIA.
Here are some charts I’m watching.
I wanted to go long SPX earlier in the week, but thankfully it blew right past my buy area before I even got a chance. Rut is hanging on to support by a thread, depending the action tomorrow, I might go long RUT with a tight stop.
SPX sell signal at 1040, but I'm not comfortable shorting here right now. Look at the last buy signal at 1110, glad I didn’t go long that day!
RUT sort of looks like it’s in a big bull flag, no?
I’m not too interested in shorts or longs right now. Some of my indicators are neutral telling me not to trade big.
I might just sit it out for a while. Here is something you can take to the bank though…This is my Grandma Goodwin’s recipe for soft pretzels, and I’ll go 100% long that you will find it delicious.
If you're troubled by the market right now, try this recipe out instead of trading.
Serves: 8-12
Prep. Time: 2:00
1 1/2 tsp. active dry yeast
1/2 tsp. brown sugar
1 dash salt
1 1/2 cups 110 degree water
4 cups bread flour
1 Tbls. baking soda
1/4 cup warm water
1 cup melted real butter
1. Combine first 4 ingredients; allow to rest for 5 minutes.
2. Stir flour to mixture and knead for 5 minutes.
3. Place dough in a lightly greased bowl, cover with a damp towel, and allow to rise in a warm place for 1 hour.
4. Divide dough into 8-12 equal-size pieces; roll each piece into a rope; shape each rope into a pretzel.
5. In a shallow dish, stir baking soda into warm water; dip pretzels into mixture (or brush mixture over pretzels); lay coated pretzel onto a lightly greased cookie sheet.
6. Bake in a 550 degree oven for 8 minutes, or until golden brown.
7. Brush melted butter onto hot pretzels.
