Category Archives: Stock News and Tips

Stock News and Tips

Why you would use Tick Zoom over something like MetaTrader?

Why you would use Tick Zoom over something like MetaTrader?

Someone posted this on Linked In:

The one I use for trading was built in-house because nothing else met our needs for “hands-free” automated trading with fast tick/bar testing, nested portfolios, and hundreds of strategies running in parallel. Over the past 18 months, 3 other medium institutions funded adding more capabilities to TickZoom for their needs including multiple nested portfolios, thousands of parallel strategies, FIX support, custom/dynamic bars, and so on. One institution has in-house developers who have extended it themselves with other capabilities since it’s mostly open source.

Ninja was a nice system and the last one that I used before starting my own. It’s only weakness for myself was the poor performance with tick data in historical testing and lots of room for improvement with handling of orders. In TZ, for example, order flow is totally automated so strategies never deal with tracking order, partial fills, cancel/replace, etc. Also in 6.5. it didn’t synchronize with the account automatically after any disconnection. Hopefully they fixed that in 7. The biggest problem was our lack of control to get features added that we consider “must haves”.

In contrast, the TickZoom business model allows your licensing fees to fund “shaping” the product to suit your specific needs. Of course, that only works well if it mostly suits your needs already.

Plus with TickZoom you get source code that includes a plugin architecture so it’s convenient to alter or extend functionality yourself if you have the skills in-house to do that.

By the way, we really admire the GUI in Ninja which is lacking in TZ. But is a fancy GUI necessary for automated trading? We only need high-speed charting. Configuration is done in TickZoom via config files. So Ninja with the GUI is better suited to consumers.

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

SEC orders Hedge Funds and Private Equity to open their books. Prop shops last bastion of hope for quants?

SEC orders Hedge Funds and Private Equity to open their books. Prop shops last bastion of hope for quants?

he Securities and Exchange Commission voted 4-1 Friday to subject many hedge funds and private-equity funds to new scrutiny, including surprise inspections. Hedge-fund managers with assets over $100 million would be required to register with the agency under this proposal.
The new rule, which is expected to be finalized before July 2011, is authorized under the recent Dodd-Frank financial reform legislation. “The enhanced information,” SEC Chairwoman Mary Schapiro said, “will better enable regulators and the investing public to assess the risk profile of an investment adviser and its funds.”

Lisa Swan, a former senior new media editor at the New York Daily News, is a columnist for The Faster Times and a blogger for Subway Squawkers. Her work has also appeared in Yahoo Sports, Huffington Post, Heater Magazine, and the upcoming book Graphical Player 2011.

http://compliancex.typepad.com/compliancex/2010/11/sec-wants-hedge-funds-to-open-their-books.html

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Is it Time to Sell Gold? Stupid?

The dollar can come and go, but gold won’t. The purchasing power of an ounce of gold has been pretty much constant for generations – whereas the same can certainly not be said for the dollar.
One of the better arguments for the backing of the dollar that I’ve heard recently, is that it is backed by the work and entrepreneurialism of the American people. There’s some truth in that. Basically if they keep working hard and handing over the fruits of their labour to the government, there is something of value backing the dollar.

I’m just not sure that those hard-working American people really agreed to have their futures – and that of their sons and daughters and grandchildren – mortgaged in this way by a small subset of politicians and banksters. Maybe it was like the sub-prime mortgage borrowers who didn’t really understand what they were getting into. Cheap and plentiful short term money trumped long term prudence. And we all know how that ended up. Now we are just seeing a much expanded version of it.

I’m far from convinced that investing in the dollar is good business. If it were a case of supporting a stock of a company where the management were borrowing to the hilt for short term fun, while treating stakeholders reprehensibly and not giving a damn about the future, there would also be an ethical argument against getting involved. And I don’t see why governments should be treated any differently than companies. Abuse of the American people is not something I want to get involved in, any more than I would support abuse of cheap labour in Asian shoe factories.

Now I know this may be hard to swallow for people who have valued everything in one reference currency – be it dollars, or pounds or something else – for their entire lives. It is quite a leap of thinking. But it’s totally possible. You need to become a Sovereign Individual, not reliant on any particular country or currency. You need to think in different currencies and look at all currencies, including the one in common circulation in your home country, from the perspective of an outsider. If you were from another country, would you be investing in that currency right now?

The Dollar Bear Market Continues

With that in perspective (that I value currencies against gold, not the other way around) let’s get back to the reader’s question. I don’t see so much of a gold bull market right now, as a dollar and euro bear market. My personal view (and there’s no substitute for taking professional advice here) is that this situation will continue as is for the foreseeable future.

Wild swings are caused by day to day speculations, but don’t affect the overall trend. So to turn it around, I believe the price of gold valued in fiat money will continue to rise, and will do so significantly. The more Quantitative Easing that takes place, the less the dollar will be worth. This is what I have written about in the past: stealth devaluation. If there’s more of something, it’s worth less. This logic is hard to argue with.

You can read more at http://www.qwealthreport.com/blog/is-it-time-to-sell-gold/

The above was posted on Linked In. I say that is stupid!

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Is China about to burn and crash after their huge The Shanghai Composite plunge? 5.2% on Friday alone?

Is China about burn and crash after their huge The Shanghai Composite plunge? 5.2% on Friday alone?

Some highlighted points to consider:

And Chris Carolan’s 30 years of technical analysis experience keeps paying off for his subscribers.

Case in point: The Shanghai Composite cratered 5.2% on Friday — the biggest one day drop in China’s benchmark index in 14 months. The Shenzhen Composite lost a whopping 6.1%.

Here are two of Chris’s forecasts for the Shanghai from earlier in the week:

“Prices…are generating repeated bearish RSI divergences. We should expect a…top now.”

Asian-Pacific Short Term Update, Nov. 9

“We are looking for a reversal now…”

Asian-Pacific Short Term Update, Nov. 11

Of course, the widely reported “reason” for the big drop in China’s shares is the talk about China raising interest rates. Marketwatch quotes Wu Dazhong of Shenyin Wanguo Securities in China:

“Investors are in a rush to lock in profits as they are concerned that [China’s] central bank may launch more tightening measures over the weekend.”

Here’s how a few other markets fared Friday:

  • Hong Kong’s Hang Seng declined 1.9%
  • Japan’s Nikkei sank 1.4%
  • Taiwan’s Taiex dropped 1.4%

http://www.elliottwave.com/freeupdates/archives/2010/11/12/China-Stocks-Fall-Hard–Down-for-the-Count.aspx?goback=.gde_1822910_member_35257588

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Chinese meltdown coming? Goldman Sachs tells investors to exit markets after returns for 11%

Chinese meltdown coming? Goldman Sachs tells investors to exit markets after returns for 11%

Billionaire Chanos predicted it. Maybe it is coming.
http://www.bloomberg.com/news/2010-11-11/goldman-tells-investors-to-exit-china-stock-bet-with-11-3-gain.html

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Hahaha! Chinese so called rating agency downgrades entire USA! And the Chinese stock market are the most transparent in the world, right?

Hahaha! Chinese so called rating agency downgrades entire USA! And the Chinese stock market are the most transparent in the world, right?

http://blogs.wsj.com/marketbeat/2010/11/09/chinese-credit-rater-downgrades-us/?mod=wsj_share_linkedin&goback=.gde_48196_member_34593273

I may need to remind everyone out there that the largest majority of corporations in China are state controlled. This is entirely not the free market that they want the West to believe.


NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Why would Goldman Sachs be stupid not declaring SEC fight? Fined $650,000

Why would Goldman Sachs be stupid not declaring SEC fight? Fined $650,000

I mean really. They claim to be the best but are they that dumb in not declaring a SEC probe. Makes me wonder if they are arrogant or plain old dumb? Also, $650,000 is probably the hourly rate for their CEO.

http://www.bloomberg.com/news/2010-11-09/goldman-sachs-fined-650-000-for-failing-to-disclose-sec-probe.html

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

If jobless claims cannot improve, how are people supposed to find jobs when they are offshored to Asia?

If jobless claims cannot improve, how are people supposed to find jobs when they are offshored to Asia?

Question: Let’s do a multi billion dollar study in why this is. Six months later some dumb set of politicians either in Democrats, Republican or Tea Party will eventually figure it out while you are in the soup kitchen line. Does this not remind of the Great Depression of the Thirties all over again?

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Need funding, check this site out for up to $50 million? Debt or equity accepted

Need funding, check this site out for up to $50 million? Debt or equity accepted

?USA based start up company in the telecommunications and credit card industry seeks 5 million USD in exchange for debt or equity. They have a schedule of assets as collateral and a business plan completed, which includes executive bios and budgets for at least through year 2014.

http://ifindfunding.blogspot.com/

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!