This story was originally published June 2 at 8:32 a.m. EDT.
As I've often said, the happiest man in town is the village idiot.
Perhaps I'm that idiot, but there are a lot of topics being bandied about that a) I don't care about and b) have no relevance to the way I trade. Amongst them:
treasury yield curves (whatever the heck they are)
What do I care about? Price action and volume. That's it.
Now, I won't say my method of trading is any better than that of someone who cares about those things. But, it is simpler. And for most of us, simpler isn't a bad way to go.
Today, charts for the
Nasdaq Composite Index
Peet's Coffee & Tea
Charts produced by TC2000, which is a registered trademark of
Worden Brothers Inc.
And that is the final word from the Potomac Village
, where I'm wondering if the takeout coffee craze is ebbing. I used to be a regular, but ever since I found you can grind and brew the same beans at home, I've been going out less and less.
Please note that due to factors including low market capitalization and/or insufficient public float, we consider Peet's Coffee & Tea, Avanex and 1-800-Flowers.com to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.
Smith writes a daily technical analysis column for RealMoney.com and also produces a daily premium product for TheStreet.com called The Chartman's Top Stocks --
click here for a free two-week trial. While Gary cannot provide investment advice or recommendations, he appreciates your feedback;
to send him an email.