Charts of Interest
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IBD has moved its current out look from market in correction to market in confirmed uptrend. On April 23rd, volume was above average on the SPY and just average the two days following. Somewhat of a double bottom put in, although I typically prefer to see the the second bottom under cut the first. The QQQ back above it's 50d today on above average volume.
I have been checking Earnings.Com and Yahoo Earnings Calendar for earnings dates and like most will be out of positions long or short prior to announcements.
IBD has moved its current out look from market in correction to market in confirmed uptrend. On April 23rd, volume was above average on the SPY and just average the two days following. Somewhat of a double bottom put in, although I typically prefer to see the the second bottom under cut the first. The QQQ back above it's 50d today on above average volume.
I have been checking Earnings.Com and Yahoo Earnings Calendar for earnings dates and like most will be out of positions long or short prior to announcements.
16 Harsh Truths that Make Us Stronger
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It takes more courage to reveal insecurities than to hide them, more strength to relate to people than to dominate them, more manhood (or womanhood) to abide by thought-out principles rather than blind reflex. Toughness is in the soul and spirit, not in muscles and an immature mind.
It takes more courage to reveal insecurities than to hide them, more strength to relate to people than to dominate them, more manhood (or womanhood) to abide by thought-out principles rather than blind reflex. Toughness is in the soul and spirit, not in muscles and an immature mind.
- Alex Karras
- Life is not easy. – Hard work makes people lucky – it’s the stuff that brings dreams to reality. So start every morning ready to run farther than you did yesterday and fight harder than you ever have before. (Read The Road Less Traveled
.)
- You will fail sometimes. – The faster you accept this, the faster you can get on with being brilliant. You’ll never be 100% sure it will work, but you can always be 100% sure doing nothing won’t work. So get out there and do something! Either you succeed or you learn a vital lesson. Win – Win.
- Right now, there’s a lot you don’t know. – The day you stop learning is the day you stop living. Embrace new information, think about it and use it to advance yourself.
- There may not be a tomorrow. – Not for everyone. Right now, someone on Earth is planning something for tomorrow without realizing they’re going to die today. This is sad but true. So spend your time wisely today and pause long enough to appreciate it.
- There’s a lot you can’t control. – Wasting your time, talent and emotional energy on things that are beyond your control is a recipe for frustration, misery and stagnation. Invest your energy in the things you can control.
- Information is not true knowledge. – Knowledge comes from experience. You can discuss a task a hundred times, but these discussions will only give you a philosophical understanding. You must experience a task firsthand to truly know it.
- You can’t be successful without providing value. – Don’t waste your time trying to be successful, spend your time creating value. When you’re valuable to the world around you, you will be successful. (ReadLinchpin: Are You Indispensable?
)
- Someone else will always have more than you. – Whether it’s money, friends or magic beans that you’re collecting, there will always be someone who has more than you. But remember, it’s not how many you have, it’s how passionate you are about collecting them. It’s all about the journey.
- You can’t change the past. – As Maria Robinson once said, “Nobody can go back and start a new beginning, but anyone can start today and make a new ending.” You can’t change what happened, but you can change how you react to it.
- The only person who can make you happy is you. – The root of your happiness comes from your relationship with yourself. Sure external entities can have fleeting effects on your mood, but in the long run nothing matters more than how you feel about who you are on the inside.
- There will always be people who don’t like you. – You can’t be everything to everyone. No matter what you do, there will always be someone who thinks differently. So concentrate on doing what you know in your heart is right. What others think and say about you isn’t all that important. What is important is how you feel about yourself.
- You won’t always get what you want. – As Mick Jagger once said, “You can’t always get what you want, but if you try sometimes you might find you get what you need.” Look around. Appreciate the things you have right now. Many people aren’t so lucky.
- In life, you get what you put in. – If you want love, give love. If you want friends, be friendly. If you want money, provide value. It really is this simple. (Read The Four Agreements
.)
- Good friends will come and go. – Most of your high school friends won’t be a part of your college life. Most of your college friends won’t be a part of your 20-something professional life. Most of your 20-something friends won’t be there when your spouse and you bring your second child into the world. But some friends will stick. And it’s these friends – the ones who transcend time with you – who matter.
- Doing the same exact thing every day hinders self growth. – If you keep doing what you’re doing, you’ll keep getting what you’re getting. Growth happens when you change things – when you try new things – when you stretch beyond your comfort zone.
- You will never feel 100% ready for something new. – Nobody ever feels 100% ready when an opportunity arises. Because most great opportunities in life force us to grow beyond our comfort zones, which means you won’t feel totally comfortable or ready for it.
And remember, trying to be someone else is a waste of the person you are. Strength comes from being comfortable in your own skin.
Written By: Marc
Charts Of Interest
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Not looking for Long entries right now, but just paying attention to names that are holding up well.
Not looking for Long entries right now, but just paying attention to names that are holding up well.
5 Ways To Destroy The Illusion Of Fear
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1) Feel the fear and do it anyway
You might remember this title from the best selling book by Dr Susan Jeffers. In her book, Dr Jeffers talks about developing assertiveness and challenging our negative thought patterns. She also talks about how we can extend our comfort zone by taking risks. The message to be learned then is that the only way we can overcome our fears is by confronting them. Put your fear aside, and just do it.
2) Go beyond reason
I recently watched the film ‘Extremely Loud and Incredibly Close’. Following the movie, I was researching the events of 911 on the Internet, and I came across an article listing accounts of several people who were delayed on that fateful day. People lost their car keys, others were caught in traffic, one woman was late for work because she forgot to set her alarm, another man got stuck on the freeway because of an accident … the stories are endless.
Sometimes we’re not aware of the master plan, the grand design and it isn’t until some time has passed, when we reflect back, we possess an understanding of why we met someone, why we missed that train or that an unforeseen obstacle or delay was in fact a blessing in disguise or the universe conspiring. Call it destiny, serendipity but regardless, remember, there is always a reason why things happened, even if we’re not aware of it at the time.
3) Too little, too late
Eight years ago my father was diagnosed with reflux. After a further year with no resolve, he decided to seek a second opinion. However, it was too late, the doctor diagnosed him with liver cancer which was in the advanced stages, and he was given 2 months to live. That was in November of 2004, by January the following year, he had passed. When my sisters and I were sorting through his papers, we came across a visa application for Burma. My father had left hishome town 35 years ago and had always vowed to return. Have you heard the expression ‘too late she cried’? If my father had sought a second opinion sooner or not waited 35 years to return to Burma, perhaps this story would have a different ending. That holiday you’ve never had, the language class you never enrolled in, the friend you never made amends with, don’t find yourself saying, ‘I always wanted to … ‘ instead, write your bucket list and start planning your goals.
4) Regrets
If you ever speak to those that are somewhat older and wiser, they will tell you that, in life, we usually regret the things we didn’t do, rather than the things we did. If you spend your life procrastinating, you will never know the outcome. And remember, no result is a negative one. It’s what you make of your experiences, every moment, every encounter shapes you, bringing you to the point in your life, you’re at now. A wise man once said,
“Many of us crucify ourselves between two thieves – regret for the past and fear of the future.”
5) Finding Obstacles
How many times have you found yourself making an excuse for why you haven’t done something? ‘It’s too hard … I’m too tired … I haven’t got time?’ Does that sound familiar? We are all perpetrators of that mind set at one time or another in our lives, however, successful people invest the time and effort even when they don’t feel like it. Successful people do things the things that others find difficult. They take calculated risks, they are accountable for their actions, they have initiative are motivated, passionate and encourage others. They weren’t born successful or ‘lucky’, they achieved their goals through determination, hard work and by being fearless, they have courage of their convictions. They find opportunities … not obstacles.
Feel the fear, and do it anyway.
Article Written By: Charlette Barry
Charts of Interest - $MA $GWW $RL $SPG $VFC $CRM
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- Energy names pulling back to prior break out areas as well as the 50d/support. APA, APC, EOG, PXD, while OXY continues to move sideways.
FFIV, CRM, VMW continuing to move sideways with in their channels.
Few others with constructive sideways action: RL, SPG, VFC, GWW, etc
- Energy names pulling back to prior break out areas as well as the 50d/support. APA, APC, EOG, PXD, while OXY continues to move sideways.
FFIV, CRM, VMW continuing to move sideways with in their channels.
Few others with constructive sideways action: RL, SPG, VFC, GWW, etc
Winners Make Their Own Good Luck
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To reap the gains and windfalls of a successful business, entrepreneurs must look to a set of attitudes they will find only within themselves
We once heard a mathematics professor state, "The parameters of luck are unknown to us." In other words, luck can't be explained by any specific factor, it's a matter of chance. We thought the statement made a lot of sense, but we were intrigued by the notion that what we call "luck" could be explained by a set of variables or elements that had not yet been studied. So we decided to carry out our
What we did was relatively easy: We spoke at length with people who thought their lives had been blessed by good fortune, our goal being to try and figure out what factors they had in common. After four years of interviews and research, we could clearly identify a list of shared traits, ones we will shortly examine in greater depth.
WHOM FORTUNE FAVORS. But first, an additional word of explanation: When undertaking our project, we decided to study of biographies of "prosperous" personalities ("prosperous" understood in its broadest sense). We studied not only individuals enjoying good marriages or financial wealth, but also those who have made valuable contributions to society and who see their own lives as being filled with creativity, self-fulfillment, and meaning. By taking this tack, we were able to include artists, scientists, and athletes in our sample.
What our research revealed can be summarized in a single simple sentence: We make our own good luck.
What these creators of good luck have in common can be summarized in the following five main principles:
• Responsibility
If there is a common factor that is evident among all the creators of good luck, it is that they know themselves to be responsible for their own actions. In other words, when things go wrong or the outcome of any given situation is other than intended, they never point the finger of blame at external factors or other individuals. Instead, they look to themselves and ask, "What have I done for this to occur?"
Free of any kind of "victimism," when they run into personal or professional difficulties, they ask themselves how and to what extent they are responsible for the situation in which they find themselves? Then they act accordingly to solve whatever adverse circumstance they have encountered. This is where the second principle comes in.
• Learning from Mistakes
Creators of good luck don't see a mistake as a failure. Instead, a mistake is an opportunity for learning. Thomas Edison is the classic example. History tells us that the inventor made more than 1,000 attempts before inventing the first long-lasting electric light bulb. Until then, all his trials and experiments led to durations of no more than a few minutes before air would filter into the glass bulb, supplying the oxygen that led to the combustion of the various filaments he tried.
The story goes that one of Edison's colleagues asked him, "Mr. Edison, don't you feel you are a failure?" Lacking any sense of vanity, the great man answered, "Not at all. Now, I definitely know more than a thousand ways how NOT to make a light bulb."
Sure enough, just a few days later, the man whose brainstorms would remake the world finally turned his inspiration into a practical concept. By the way, the very first light bulb was invented by Sir Joseph Wilson Swan, who demonstrated the theoretical concept but gave up trying to develop a practical application after only three attempts. By contrast, Edison made his own good luck and designed a working light bulb. This takes us to our third principle.
• Perseverance
Creators of good luck don't give up. They don't postpone. They don't "leave it for another day." The formula is quite simple: When a problem or situation arises that requires attention, they act immediately. And what they do is one of the following three things: they either solve it without delay, delegate, or forget about it.
In other words, they don't carry a list of "things to do" in their brain. Instead, they resolve problems and situations as quickly as possible. This enables their energy to be fully focused on their work and avoid conscious or unconscious distractions, which only generate inefficiency.
WHOM FORTUNE FAVORS. But first, an additional word of explanation: When undertaking our project, we decided to study of biographies of "prosperous" personalities ("prosperous" understood in its broadest sense). We studied not only individuals enjoying good marriages or financial wealth, but also those who have made valuable contributions to society and who see their own lives as being filled with creativity, self-fulfillment, and meaning. By taking this tack, we were able to include artists, scientists, and athletes in our sample.
What our research revealed can be summarized in a single simple sentence: We make our own good luck.
What these creators of good luck have in common can be summarized in the following five main principles:
• Responsibility
If there is a common factor that is evident among all the creators of good luck, it is that they know themselves to be responsible for their own actions. In other words, when things go wrong or the outcome of any given situation is other than intended, they never point the finger of blame at external factors or other individuals. Instead, they look to themselves and ask, "What have I done for this to occur?"
Free of any kind of "victimism," when they run into personal or professional difficulties, they ask themselves how and to what extent they are responsible for the situation in which they find themselves? Then they act accordingly to solve whatever adverse circumstance they have encountered. This is where the second principle comes in.
• Learning from Mistakes
Creators of good luck don't see a mistake as a failure. Instead, a mistake is an opportunity for learning. Thomas Edison is the classic example. History tells us that the inventor made more than 1,000 attempts before inventing the first long-lasting electric light bulb. Until then, all his trials and experiments led to durations of no more than a few minutes before air would filter into the glass bulb, supplying the oxygen that led to the combustion of the various filaments he tried.
The story goes that one of Edison's colleagues asked him, "Mr. Edison, don't you feel you are a failure?" Lacking any sense of vanity, the great man answered, "Not at all. Now, I definitely know more than a thousand ways how NOT to make a light bulb."
Sure enough, just a few days later, the man whose brainstorms would remake the world finally turned his inspiration into a practical concept. By the way, the very first light bulb was invented by Sir Joseph Wilson Swan, who demonstrated the theoretical concept but gave up trying to develop a practical application after only three attempts. By contrast, Edison made his own good luck and designed a working light bulb. This takes us to our third principle.
• Perseverance
Creators of good luck don't give up. They don't postpone. They don't "leave it for another day." The formula is quite simple: When a problem or situation arises that requires attention, they act immediately. And what they do is one of the following three things: they either solve it without delay, delegate, or forget about it.
In other words, they don't carry a list of "things to do" in their brain. Instead, they resolve problems and situations as quickly as possible. This enables their energy to be fully focused on their work and avoid conscious or unconscious distractions, which only generate inefficiency.
• Confidence
This is one of the most overlooked principles, yet one of the most powerful. Confidence is divided into two parts: confidence in yourself and confidence in the others
This is one of the most overlooked principles, yet one of the most powerful. Confidence is divided into two parts: confidence in yourself and confidence in the others
Confidence in yourself is essential, and those who create their own good luck are remarkable for their high degrees of assertiveness and self-esteem. These qualities allow them to keep to their purpose, to persevere, and to work to create the conditions that ultimately do so much to achieve objectives. Also, they are great visualizers. They use their imaginations -- specifically, their visualizing techniques -- to form mental images of their goals. Without the confidence to pursue this vision, visualizing would make no sense.
Furthermore, and closely linked to assertiveness and self-esteem, the people we studied exhibit both trust in others and respect for them, seeing people they know, people they work with, those who surround them as major sources of opportunity. This doesn't mean that one must be naive and trust anybody and everybody who makes a proposal. Instead, it speaks to the trait of seeing others as sources of opportunity for achievement.
Without confidence there is no way to "give yourself" to the situation. If there is no intimacy -- if it is ruled out by paranoia or rampant suspicion, for example -- there can be no opening up to others. Hence, there can be no room for dialogue or for the genuine and sincere exchange of opinions. Without this, any initiative proceeds more slowly until, eventually, it simply withers and dies. Confidence is a fundamental variable, and this takes us to the last principle.
• Cooperation
The term "synergy" is one we heard often when interviewing those who create their own good luck. Trust in others leads to solid a network of work colleagues and friends, which, in turn, brings into play substantially more resources to carry out projects than if they were managed alone. The logic is based on cooperation rather than competitiveness. Such people are aware of the fact that, at the most basic level, any project or undertaking takes place in the context of the broader group, and that all parties must have a realistic prospect of emerging as winners if all concerned are to produce their best efforts.
As we have seen, whether or not one can create good luck basically depends on an attitude towards oneself, towards others, and towards life. It is also tied to the perception that the individual is much more of a cause than an effect. And above all, to the realization that one must make oneself the creator of the conditions that foster success and the achievement of specific, visualized goals.
LUCK OR GOOD LUCK? Think of luck -- the sort that wins lotteries -- as the end result of a random game of chance: It can be favorable or not, but whatever shape it takes, its presence will always be occasional, brief, and impermanent. We have found that of the people who have won big sweepstakes prizes, many lose everything they gained, typically within four years to seven years of hitting the jackpot. Furthermore, their personal relationships with family, friends, and colleagues often have been seriously affected because of problems stemming from avarice, jealousy, and greed.
On the other hand, since those who create their own good luck owe success only to themselves and their own initiatives, not just to a random roll of the dice, they are acutely aware of the origins of their good fortune. Moreover, having seen it work before, they know and understand the process that produces it, and know the same principles can be put to work again and again.
The problem is that we often seem to forget old principles based on common sense, which basically say that we must work, be aware of our actions, and take responsibility for correcting them when the need arises. The person who grasps that wisdom is lucky indeed.
Furthermore, and closely linked to assertiveness and self-esteem, the people we studied exhibit both trust in others and respect for them, seeing people they know, people they work with, those who surround them as major sources of opportunity. This doesn't mean that one must be naive and trust anybody and everybody who makes a proposal. Instead, it speaks to the trait of seeing others as sources of opportunity for achievement.
Without confidence there is no way to "give yourself" to the situation. If there is no intimacy -- if it is ruled out by paranoia or rampant suspicion, for example -- there can be no opening up to others. Hence, there can be no room for dialogue or for the genuine and sincere exchange of opinions. Without this, any initiative proceeds more slowly until, eventually, it simply withers and dies. Confidence is a fundamental variable, and this takes us to the last principle.
• Cooperation
The term "synergy" is one we heard often when interviewing those who create their own good luck. Trust in others leads to solid a network of work colleagues and friends, which, in turn, brings into play substantially more resources to carry out projects than if they were managed alone. The logic is based on cooperation rather than competitiveness. Such people are aware of the fact that, at the most basic level, any project or undertaking takes place in the context of the broader group, and that all parties must have a realistic prospect of emerging as winners if all concerned are to produce their best efforts.
As we have seen, whether or not one can create good luck basically depends on an attitude towards oneself, towards others, and towards life. It is also tied to the perception that the individual is much more of a cause than an effect. And above all, to the realization that one must make oneself the creator of the conditions that foster success and the achievement of specific, visualized goals.
LUCK OR GOOD LUCK? Think of luck -- the sort that wins lotteries -- as the end result of a random game of chance: It can be favorable or not, but whatever shape it takes, its presence will always be occasional, brief, and impermanent. We have found that of the people who have won big sweepstakes prizes, many lose everything they gained, typically within four years to seven years of hitting the jackpot. Furthermore, their personal relationships with family, friends, and colleagues often have been seriously affected because of problems stemming from avarice, jealousy, and greed.
On the other hand, since those who create their own good luck owe success only to themselves and their own initiatives, not just to a random roll of the dice, they are acutely aware of the origins of their good fortune. Moreover, having seen it work before, they know and understand the process that produces it, and know the same principles can be put to work again and again.
The problem is that we often seem to forget old principles based on common sense, which basically say that we must work, be aware of our actions, and take responsibility for correcting them when the need arises. The person who grasps that wisdom is lucky indeed.
Note: Had this saved in a trading folder and don't have the original article.
Wise words from Colin Powell
“The less you associate with some people, the more your life will improve. Any time you tolerate mediocrity in others, it increases your mediocrity. An important attribute in successful people is their impatience with negative thinking and negative acting people. As you grow, your associates will change. Some of your friends will not want you to go on. They will want you to stay where they are. Friends that don't help you climb will want you to crawl. Your friends will stretch your vision or choke your dream. Those that don't increase you will eventually decrease you.
Consider this:
Never receive counsel from unproductive people. Never discuss your problems with someone incapable of contributing to the solution, because those who never succeed themselves are always first to tell you how. Not everyone has a right to speak into your life. You are certain to get the worst of the bargain when you exchange ideas with the wrong person. Don't follow anyone who's not going anywhere.
With some people you spend an evening: with others you invest it. Be careful where you stop to inquire for directions along the road of life. Wise is the person who fortifies his life with the right friendships. If you run with wolves, you will learn how to howl. But, if you associate with eagles, you will learn how to soar to great heights. "A mirror reflects a man's face, but what he is really like is shown by the kind of friends he chooses."
The simple but true fact of life is that you become like those with whom you closely associate - for the good and the bad.
Note: Be not mistaken. This is applicable to family as well as friends. Yes...do love, appreciate and be thankful for your family, for they will always be your family no matter what. Just know that they are human first
and though they are family to you, they may be a friend to someone else and will fit somewhere in the criteria above.
"In Prosperity Our Friends Know Us. In Adversity We Know Our friends."
"Never make someone a priority when you are only an option for them."
"If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception, it is a prevailing attitude....”
Consider this:
Never receive counsel from unproductive people. Never discuss your problems with someone incapable of contributing to the solution, because those who never succeed themselves are always first to tell you how. Not everyone has a right to speak into your life. You are certain to get the worst of the bargain when you exchange ideas with the wrong person. Don't follow anyone who's not going anywhere.
With some people you spend an evening: with others you invest it. Be careful where you stop to inquire for directions along the road of life. Wise is the person who fortifies his life with the right friendships. If you run with wolves, you will learn how to howl. But, if you associate with eagles, you will learn how to soar to great heights. "A mirror reflects a man's face, but what he is really like is shown by the kind of friends he chooses."
The simple but true fact of life is that you become like those with whom you closely associate - for the good and the bad.
Note: Be not mistaken. This is applicable to family as well as friends. Yes...do love, appreciate and be thankful for your family, for they will always be your family no matter what. Just know that they are human first
and though they are family to you, they may be a friend to someone else and will fit somewhere in the criteria above.
"In Prosperity Our Friends Know Us. In Adversity We Know Our friends."
"Never make someone a priority when you are only an option for them."
"If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception, it is a prevailing attitude....”
Text Taken from GoodRead.Com
Charts of Interest - $AAP $CAT $CF $EOG $FFIV, Etc...(With Earnings Dates)
A few of the names I am watching/trading with earnings dates posted on the charts. Earnings dates taken from Yahoo Finance, but will double check with other sources. Click on the chart to enlarge.
$NFLX - Trade Review
I saw @Gtotoy's tweet this afternoon on $CRR and I made this same mistake in $NFLX today. First off, want to say awesome trade to the traders who caught the move from the 70's to the 90's such as @SunriseTrader. It would have been insanely reckless of me to try and chase that move at any point once it got moving, however, the amount of attention it was getting on the stream, put it back on my radar. So I watched that entire run, without a position it. The move created a nice a nice pivot once it got into the gap. The last few days it pulled back to the 90-94 area on declining volume. Yesterday putting in doji bar. My plan was to get long through yesterday's high, which I did. The target on the swing trade a is move to fill its gap, up near the 119-120 area.
Either way, I entered, but didn't peel any off mid morning, (greedy), was waiting for follow thru in the afternoon. By the time it started to get some legs and resume its up move, it was late afternoon. While I made about 2pts on the trade, I didn't have enough room to feel comfortable holding over the long weekend. Excuses I know. Had I peeled 1/2 to 3/4 off mid morning, I would have been more comfortable holding. Even with two points of room I SHOULD HAVE, held a small core position. I hate hearing would've should've could've...mistakes. While it was a awesome week, I botched $CF too getting wicked out at a break even in the gap down yesterday morning and not staying on top of it. Had a solid move yesterday with follow thru today. Congrats to @Gtotoy and the #DTBC crew who are still on it.
I still like the bar $NFLX put in today as volume was above average, I will most likely look for entry as it clears the 100 mark or possibly a gap down next week.
Lesson? Follow your rules. I didn't today and I'll have to wait for an another entry next week. Hope everyone has a great weekend.
Either way, I entered, but didn't peel any off mid morning, (greedy), was waiting for follow thru in the afternoon. By the time it started to get some legs and resume its up move, it was late afternoon. While I made about 2pts on the trade, I didn't have enough room to feel comfortable holding over the long weekend. Excuses I know. Had I peeled 1/2 to 3/4 off mid morning, I would have been more comfortable holding. Even with two points of room I SHOULD HAVE, held a small core position. I hate hearing would've should've could've...mistakes. While it was a awesome week, I botched $CF too getting wicked out at a break even in the gap down yesterday morning and not staying on top of it. Had a solid move yesterday with follow thru today. Congrats to @Gtotoy and the #DTBC crew who are still on it.
I still like the bar $NFLX put in today as volume was above average, I will most likely look for entry as it clears the 100 mark or possibly a gap down next week.
Lesson? Follow your rules. I didn't today and I'll have to wait for an another entry next week. Hope everyone has a great weekend.
NFLX Daily
NFLX 5min