Tonight's Tape Talk takes a look at the market and the technical read going forward into 2012

Good morning all from the Lone Star state where hats are big and a kid pawning off a dot com onto Yahoo can win a national basketball championship. Whatever happened to Broadcast.com anyway? Consuming a bit too much red meat last night at world famous Nick and Sam’s, I awoke too early and was no longer able to sleep. This of course despite have no screaming 4, 2 or 6 month old to awaken me, which I’m more annoyed with than yesterday’s portfolio ding. I flipped on the television to catch an in-depth documentary on the great Vince Lombardi. Before I knew it, I was taken back into history following...

Anxiety is a funny thing. Just when you feel you have it nipped in the bud it sometimes rears its ugly head and comes out of nowhere. Yesterday I watched as some of my newer shorts ran against me and many sub-par long side setups ran higher. As the hours went on rather than getting up and walking away from the screen I sat at the computer sifting through charts and asking myself the simple, but very wrong question ‘what am I missing?’ As I sifted through charts the process remained the same. I would find one of interest based on the daily chart, then quickly flip to the weekly for a glance at the...

Ahhhh, a new year filled with new opportunities. A year to redefine who you are as a trader and a year to uncover your true potential. We enter the new year with a 2% gap and while a trader’s first thought may be to pass this off as the last remaining moments of fun after a New Year celebration, we must remain open minded and objective. Maybe this 2% puts the nail in the bear coffin and sets the stage for a magnificent run. Maybe this gap will provide short side entries that become too juicy to pass up. Regardless of how it plays out there is certainly no rush. If 2011 taught us anything it was...