The Eurozone keeps piling on the good, or is that better, news…so the markets keep moving up. Volume also moved up today.
But it’s time for a stall…or yes, a pullback….if not Thursday, then Friday.
Monthly Archive for October, 2011
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After a big up day on Monday, you would think a day of retracement was at hand. But no…the best the bears could do was breakeven. Sure looking bullish here!
This week’s big news was the passing of Steve Jobs, so here’s some interesting reading:
Technology visionary who reshaped the world
Tech Leaders Reflect On The Apple Co-Founder
10 ways Steve Jobs changed the world
The 11 Best Steve Jobs Quotes: Remembering The Apple CEO
With Time Running Short, Jobs Managed His Farewells
Sad, of course, but I still need a few laughs…
“Obama says his new jobs bill will be more successful than his last jobs bill. Let’s not set that bar too high.” — Jay Leno
“Happy anniversary to President Obama and the first lady. They had a nice private dinner to celebrate the 19th anniversary of the last time someone said ‘yes’ to an Obama proposal.” — Craig Ferguson
“Police in Los Angeles are looking for vandals who broke into the Obama campaign office. They said it was probably done by someone who was angry at the president. Well, that narrows it down.” — Craig Ferguson
The indexes continued their up and down action…and for the second day in a row, a run up into the close…closing near the HOD both days!
How so very sad to hear of the passing of Steve Jobs…a young man that has touch the lives of almost everyone! Thank you Steve for such a wonderful life. Rest in peace and may your family find comfort in the world you improved.
Although it was up and down all day long….come 3:30 and the indexes ran up fast and hard! Since it was late in the day, Asian and European indexes should follow through overnight. The big question, can the US markets follow through on Wednesday?
Gold and silver took a dump on Tuesday, but are recovering abit in evening futures. ES futures already have an 11 point range…and we’re just starting.
ADP employment numbers come out early on Wednesday. We should see some trend start there. Happy trading!
So we had some good numbers from ISM and construction this morning…but who gives a sh!t? It’s all about Greece! And then it doesn’t matter if it’s news or rumor. I just don’t know…WTF?
So markets continued to dive, dive, dive! ES took a 70 point dive in two days…and sure the other indexes dove comparably. So it must be time for Turnaround Tuesday. We’ll see…
Are you feeling a bit Dazed and Confused lately? I don’t think trader’s heads will be clearing up too soon. But will it turn into a wonderful October?
The charts for the inverse indexes are looking nice…like QID and SDS. But I’m not thinking we go too much lower.
The employment reports are coming on Friday to top off a week full of (un)employment reports, among a sprinkling of others. That should set a tone for the month.
Remember…cash is a position!
“President Obama’s hometown newspaper, the Chicago Tribune has called on Obama not to run for re-election. He has to run. He knows there are no other jobs out there.” — Jay Leno
Federal Reserve Chairman Ben Bernanke: Long-Term Unemployment A ‘National Crisis’
Three down one to go. Stocks end rotten quarter in sour mood!
Which browser are you using? Chrome poised to take No. 2 browser spot from Firefox.
Oh well….next! Fed Operation Twist Fails to Reduce Unemployment in Global Poll.
Will it ever end? Obama Pitches Jobs Bill, GOP Wants Less Red Tape.
Remember, only 86 shopping days until Christmas! 
“Hallmark has launched a line of recession-themed cards that say, ‘Sorry you lost your job.’ The good news is, the cards come pre-addressed to your congressman.” — Conan O’Brien
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
