Monthly Archive for October, 2011

Weekend Reading 10/29/11

Published on October 29, 2011, 4:10 pm in reading. Closed

“Earlier this week, a protester at Occupy Wall Street proposed to his girlfriend. His exact words were, ‘Will you occupy my parents’ basement with me until I get a job?’” — Conan O’Brien

Well? Will We Get A Pullback In Near-Term?

Up and down…. The Ride Down Will Be Just as Fast as the Ride Up.

Uh oh, not going so well? Obama’s 2008 Presidential Campaign Donors Not Giving Early On In Reelection Race.

Proposed law would let the government shutter websites at will! What am I thinking, what am I thinking! Oh yeah…fuck you!

I’m glad I turned in my Droid! Visualizing a Sad History of Support.

Despite the tough economic times, violent crime continues to fall as newly released Justice Department statistics show that violent crime fell 13 percent in 2010. Authorities say the only explanation they have to account for the drop is that the economy has gotten so bad that not even violent criminals can find work anymore.

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Boing!!

Published on October 27, 2011, 9:26 pm in Trading. Closed Tags: .

…talk about a bounce! 400+ points on the Dow during the day. But it did retrace 100 points at the close. Pullback tomorrow?

With the Eurozone finally deciding what to do about Greece, which stopped a lot of uncertainty in the markets…. they went all out to the races all over the world!

I’m looking for some consolidation, or pullback, or sideways action for a few days….which would be a good thing for getting more upside. Let’s go traders!

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Spastic

Published on October 26, 2011, 10:45 pm in Trading. Closed Tags: , , , , .

Crazy days in the market…up down and all around. On Monday we closed near the highs, on Tuesday near the lows and then near the highs again today. The markets are different things to different traders…hope they’ve been good to you.

Futures are taking off in the early globex session….up up and away! The Dow and Nasdaq are flirting with their 200-day average, while the S&P and Russell are working to move up and get close. If the Eurozone makes a decision we should fly. Otherwise, up, down, up, down….

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Seen a good movie lately?

Published on October 24, 2011, 9:05 pm in Opinions and Trading. Closed Tags: , .

Netflix (NFLX) hits the skids tonight as they warn for the second quarter in a row about earnings, after the company’s fourth-quarter outlook was much worse than expected. Uh oh…are people going back to the movie theater? Probably not.

CEO Reed Hasting admitted the company “greatly upset many domestic Netflix members with our significant DVD-related pricing changes, and to a lesser degree, with the proposed-and-now-canceled re-branding of our DVD service.” The company said the larger-than-expected cancellations are to blame for the fourth-quarter warning.

Maybe it’s time for Hulu.

The S&P has sprung up almost 200 points since October 4th…there’s only been 4 down days since then. Do you think the markets may be getting tired? Time for pullback at least….even if it’s only a day! :-)

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Weekend Reading 10/22/11

Published on October 22, 2011, 11:11 am in reading. Closed

“Yesterday, President Obama’s teleprompter was stolen. Police are on the lookout for a thief that’s eloquent and spreading a message of hope.” — Conan O’Brien

“A Florida report says there are fewer bad drivers because the economy is keeping people off the road. Now, the White House is saying they don’t have a failed economic plan, they have a successful highway safety plan.” — Jay Leno

Did you forget National Boss Day? Is your boss an idiot?

Happy Anniversary!

Learn an indicator: Demystifying the MACD.

Goldman Loss Offers a Bad Omen for Wall Street.

“The CEO of Citigroup said that he can understand why all these Occupy Wall Street protesters are so frustrated. In fact, he felt so bad for them, he gave himself a $10 million sympathy bonus.” — Jimmy Fallon

Speaking of banks…Bank of America Loses Title as Biggest in U.S.

Citigroup to Pay Millions to Close Fraud Complaint

Very interesting… Steve Jobs ‘received a late night phone call from Bill Clinton asking how to handle the Monica Lewinsky scandal’

“Warren Buffett’s company reportedly owes the IRS a billion dollars in back taxes. When he said he wasn’t paying enough taxes, he wasn’t kidding.” — Jay Leno

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OpEx Friday

Published on October 20, 2011, 9:54 pm in Trading. Closed

Not much in economic news but there are a few earnings reports. October options do expire so there may be a few shenanigans in individual stocks. So…have fun…but be careful

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SeeSaw

Published on October 19, 2011, 9:56 pm in Trading. Closed

Markets moved up and down, back and forth, around the breakeven point. But near the end of the day, they broke out to the downside. I’m getting tired of Europe mangling our markets!

On the other hand, earnings on a whole have not been that great this quarter. Lots of earnings reports on Thursday.

Home sales are up. Maybe a turn is coming?

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Words

Published on October 18, 2011, 8:48 am in Trading. Closed Tags: , , , .

There is going to be a lot of words thrown about this week. Besides the eco reports, PPI, CPI, Housing Starts and Philly Fed Survey, there’s a Fed governor speaking every day…sometimes twice a day. The markets will be listening with one ear towards the FOMC gobbledygook and the other ear aimed at Europe. And the markets will get squeezed in the middle!

Don’t forget, it’s OpEx week as well. What a recipe for volatility! 8)

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Weekend Reading 10/15/11

Published on October 15, 2011, 9:52 pm in reading. Closed

After all is said and done, a lot more will be said than done.

I’m starting to like this idea… With Just Three 9s, Cain Refigured Math for Taxes…

Well?….What Do You Really Want From the Market?

Finally….Dow and Nasdaq back in positive territory

“China is now expected to surpass Japan as the 2nd richest country in the world. They could become the richest, but that’s only if we pay them the money we owe them, and that’s not going to happen.” — Jay Leno

Bookmark This Post And Come Back To It In 3 Months. I did.

Have a plan! Know thyself!

Sh!t happens…. The Curious C.D.O. Bankruptcy.

“A new poll shows only 3 percent strongly approve of the job Congress is doing, with a margin of error of 4 percent, so it’s possible that ‘less than no one’ thinks they’re doing a good job.” — Jay Leno

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Mixed day

Published on October 13, 2011, 10:44 pm in Trading. Closed Tags: , , .

Up and down a lot on decent volume…then closing mixed with most indexes red and the Nasdaq green.

Chinese CPI and PPI reported this evening looked a bit better than expected, giving futures a pop. Retail Sales and Consumer Sentiment reports may rule the day on Friday.

No! It’s all about the Eurozone. No one cares how good it may be in the good ole USA. GOOG blew away their estimates! VIX continues its move down. Time for a drink…plop, plop, fizz, fizz, oh what a relief it is! :mrgreen:

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