Monthly Archive for November, 2011

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Euro dribble

Published on November 15, 2011, 10:34 pm in Trading. Closed Tags: , , .

Well the S&P eaked out a small gain even though the Eurozone is still a mess. Maybe the good news on the US economy might get top billing for a while. And maybe the techs will lead the way?

With a good retail sales and a decent PPI the markets diverged from Europe and recovered from a gap down. More news coming this week that will mix up an already crazy OpEx week….CPI, Industrial Production, Housing Starts, Philly Fed and Leading Indicators.

Volume has been light this week so far. I would think OpEx would kick it up a bit. Let’s see what happens WTF (Wed, Thu, Fri) :-)

Weekend Reading 11/12/11

Published on November 12, 2011, 3:56 pm in Opinions and reading. Closed

“President Obama has completed his annual physical, and he is in tip top shape. but it doesn’t look like his insurance company is going to pay for it.” — Jay Leno

Which way did we go? Bullish, Bearish, Neutral?

Geek alert!… and companies to invest in! HTML5: A Look Behind the Technology Changing the Web

New trader? Watch out. Don’t Get Whipsawed! Here’s some more… Looking In The Mirror

“President Obama joined other world leaders in trying to convince Greece to cut back in spending and reduce their debt. This is part of their ‘do as we say not as we do’ summit.” — Jay Leno

Hope you weren’t using MF Global!! MF Global — 2011′s version of 1929

What’s your house worth? Is the Housing Market Finally Bottoming Out?

How’s your Facebook page? Raymond James Gets Social Media Right

Canadians do it all the time? Sexytime in North America !

“Cain understands domestic issues because he had experience selling pizza; and he understands international issues because pizza is Italian.” — Stephen Colbert

Don’t short a dull market

Published on November 11, 2011, 10:47 am in Opinions and Trading. Closed

Thank you veterans!Thursday was a snoozer and today’s looking like a low volume melt-up. Traders making a long weekend of Veteran’s Day.

For those who have served and are currently serving….my deepest appreciation for what you have made possible for my family, my country and for all! God bless you and God bless America!

The PIIGS are snorting…still

Published on November 8, 2011, 7:45 am in Trading. Closed Tags: , , .

As they come around the bend, Greece is fading as Italy takes the lead. Another rocky start to another euro-week of trading as Italy’s woes take center stage. This, of course, is bigger because Italy’s marketplace is much bigger than Greece’s…. The Euro-confederation does not have that much money.

It does make it hard to trade with such a news-driven market. In a split second, a news, or rumor release can send your trade in the opposite direction of what your trading signals indicated. On the other hand, there is a ;arge opportunity to make some money….in quick scalps for me.

But then, on Monday, after all the hub bub in Europe, traders shook it off and closed near the highs. Oh well, trade safe!

Weekend Reading 11/5/11

Published on November 5, 2011, 7:05 pm in reading. Closed

“President Obama just announced a new student loan plan that will forgive debt after 20 years. Yeah, Obama said that forgiving debt is the most honorable thing someone can do. And then he repeated that in Chinese.” — Jimmy Fallon

Smells fishy? Corzine and regulator worked together at Goldman.

And does it really matter? Why the MF Global Crisis Matters More Than You Think: 3 Key Lessons.

He forgot! Corzine Forgot Lessons of Long-Term Capital

Who’s the biggest economy in the world? The Shadow Superpower.

This is interesting also: It’s a buyer’s market for bad loans.

Oh, c’mon now… The Lindsay Lohan Indicator: Do Stocks Really Surge When She’s In Jail?

College sucks anyways….College has been oversold!

“There Are Only 10 Types of People in the World: Those Who Understand Binary, and Those Who Don’t.”

Relief rally?

Published on November 2, 2011, 10:10 pm in Trading. Closed Tags: .

The pop was nice today, but Greece gunk is already starting this evening as futures drop and give back most of today’s gains. That’s the way uh huh uh huh the markets tumble. Good for traders…if you’re paying attention.

Jobless Claims on Thursday, along with ISM Non-Mfg numbers.

Greece’y markets

Published on November 1, 2011, 10:18 pm in Trading. Closed Tags: , .

Crazy time for the markets…as soon as Greece farts, all the markets smell it! And boy is it getting stinky!

The Dow drops 800 points in 3 days, so we’re just back to where we were last week. The pop up never happened. I say let Greece fall into the Mediterranean Sea and forget about it!

Of course for daytraders, there have been plenty of opportunities for fast trades, both bulls and bears.

Maybe traders will pay some attention to U.S news for the next couple of days as we go through our monthly Employment reports. Wednesday we have ADP and on Friday, the biggie . . . and Thursday has the weekly Initial Claims. Let’s not listen so much to that Greece’y stuff.