Season's Greetings!

A World Record for Manny Pacquiao

Manny "PacMan" Pacquiao, the Philippines sensational boxer won his seventh title in seven weight classes and made history to become the first fighter to achieve such stature. Manny has proven once again that he is the best pound-for-pound boxer in the world.

Manny Pacquiao hammers Miguel Cotto, of Puerto Rico, against the ropes during their WBO welterweight boxing title fight saturday November 14, 2009 at MGM Hotel, Las Vegas (AP Photo/Mark J. Terrill)

Trading Accounts Update

I've finally closed my Scottrade and Ameritrade accounts. My plan is to open a new account on one of those direct access brokers. I am in the process of asking lots of questions on a bunch of them and will decide soon. I'm also looking into the possibility of joining a prop firms as this will allow me to put up a much lower capital.

I will keep you posted us usual.

Doji Candle on Market Averages

The major market averages printed a doji today. Some even printed a longer top wick. Is this an omen of a high probability near term corrections? Maybe...Perhaps? Personally, I don't know we can guess or predict all we want but that's a futile exercise IMHO. I've done it before and it feels good from time to time. An ego booster. Something you brag to friends " I told you so..."

I've long learned that either way as an astute trader/investor the best way to deal with any market action is to be quick to adapt on any changes. Its always beneficial to avoid any form of biases. I find it much better to just observe and be ready for the coming opportunities. This way you will be faster to go with the market flow because your mind does not have any particular notions. You will find yourself agile. No open position at present.

RBY and SJM Sold

Sold 75 shares of SJM at $52.97 for a gain of +$109.00 including commission.

Sold 700 shares of RBY at $3.66 for a loss of -$55.00 including commission.

I was planning to stay a bit longer with these long trades but I need to close my trading account which are at TD and Scottrade in order to meet my timetable. I will be opening a new one sometime next month. Have nice weekend!

PBR Sold Near Resistance

Stockchart.com is out of service, so I'm using BigChart.com I've closed my PBR trade at $43.45 for a gain of +$334.00 the stock is hitting some resistance and may pullback within the $42 level.

Baby Calista, Baby Mine

Here is a collection of photos made into a beautiful slide show by Evelyn for baby Calista. Background music was from a song entitled "Baby Mine" by Allison Krauss.

If your internet browsers are Internet Explorer or Google Chrome please use this link to view the slide show correctly, Baby mine, Baby Calista. Users of Mozilla Firefox should be fine. I hope you'll like it. Our friends in the USA, Happy Labor Day Weekend!