There were some good trades this morning. I just closed my last open position for ~5% gain (HOTT, a "top out" pattern). I will post some charts this weekend.
This may be the most amazing video I have ever posted. Regardless of your feelings on Rick Santelli's now famous rant, watch this video to see a retrospective of various CNBC calls and interviews over the past two years - and not just Cramer, but the Fast Money guys, interviews done by Faber, Bartiromo, and Carl Quintanilla; comments by Santelli and (former coke-head) Kudlow...and others. After eight minutes, it became clear to me what a cancer these people are for the average investor (if you are a trader, there is no way you should be watching these idiots).
The first few minutes deal with Santelli, and then the good stuff starts. Watch the entire thing to see how utterly unaccountable CNBC is for the crap they spew daily. I think they are more responsible for bankrupting the average investor than all the crooked companies, CEOs, and hedge-fund managers combined.
Trading 27-April-2016 (+ $66)
22 hours ago