Monthly Archive for December, 2011

Weekend Reading 12/31/11

Published on December 31, 2011, 8:39 am in reading. Closed

If you’re still sober, here’s a few things to look at……

If you bought the S&P on the first trading day of 2011, at 1267.62, and then sold on the close Friday, you would have lost 2 cents! Oh my! So…Wait til next year!

The best deals of the year 2011: The Top of the Class in Deal-Making

It’s going to be a big Internet IPO year! Facebook Poised to Lead Biggest U.S. Internet IPO Year Since 1999 Bubble

I thought it was called the stock market! The online poker gold rush

What a MF’er! Corzine Pushed Europe Bet to $11.5 Billion

If you don’t read anything else, watch this! A stunning understanding of our country’s debt issues! Sense on Cents!

“There are thousand different ways to skin this market, and a million different ways to get skinned”

Happy New Year!

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The End!

Published on December 30, 2011, 3:02 pm in Opinions and Trading. Closed

Well the last trading day of the year has arrived. Not much action today. But, it’s time to look through your trading notebook/diary, review your winners and your losers, and make plans for the trading new year.

How did you do? It was a winning year for me, but I’ve got a lot to analyze. I moved to trading just index futures and dropped equities and options….seems to have
helped my bottom line. But I’ll know better after reviewing the entire year and printing out my spreadsheets and graphs and year-end data. It will help with income taxes in a few months.
Here’s a few things to ponder over the weekend: According to the Stock Trader’s Almanac, Small caps punished first trading day of the year. RUT down 14 of last 22, but up last 3. But, Second trading day of the year, Dow up 13 of last 18. Plan accordingly. Happy New Year ladies and gentlemen. Be safe!

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Christmas Weekend Reading

Published on December 24, 2011, 2:41 pm in reading. Closed

Have a very Merry Christmas everyone!!

Oh my! Not again… Fitch Says U.S. Could Lost ‘AAA’ Rating In 2013 If Budget Isn’t Dealt With

Twas The Night Before Christmas-2011

Now go and spend your time with family and friends!Happy Holidays!!!

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It’s here!

Published on December 23, 2011, 9:45 am in Trading. Closed

Happy Holidays!!Whoever is still on the trading floor, will be leaving early today…or taking a very long lunch and coming back to the floor feeling very happy. So follow their lead and take that last trade amd go finish up that last minute Christmas shopping!

Wishing you a holiday filled with happy memories, a home filled with special friends, and a heart filled with love! Have a Merry Merry!!

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Ho Hum

Published on December 22, 2011, 6:39 pm in Trading. Closed

Merry Chritmas!!
Low volume and not much action. I’d say Friday will be much of the same. Maybe that’s a message to step away from the keyboard and enjoy the season.
Merry Christmas!

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Yes!

Published on December 20, 2011, 9:12 pm in Trading. Closed

For a week the markets made their highs of the day in the first hour after the open….or at the open. On Tuesday new highs were made all day long! Santa Claus has come to town!

We’ve got some news coming up over the next few days before Christmas pertaining to Home Sales and GDP. But according to the season, this should be a good time for the last 2 weeks of the year.

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Manic Monday!

Published on December 19, 2011, 6:30 pm in Trading. Closed Tags: , .

Just another Manic Monday! After a gap up opening, the indexes took the rest of the day to take out last week’s lows and making a new December low. And although they bounced near the close, especially the NQ, the indexes closed closer to their low of day than to their HOD.

Looking bearish, but maybe a “Turnaround Tuesday” in the making…. if volume picks up. Everybody on holiday already?

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A ratings market

Published on December 19, 2011, 9:42 am in Trading. Closed

It was a week for the rating agencies to continue to toy with the market. Using such harsh language as “may” and “probably”, the agencies talked about downgrading the eurozone and banks….again. I think that should be illegal. Either do it or don’t talk about it.

Anyways….it’s the week before Christmas, so parties, long lunches and taking off early will be the rule for this week…and next.

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Weekend Reading 12/17/11

Published on December 17, 2011, 9:46 am in reading. Closed

“The Library of Congress has partnered with Twitter to store every tweet ever posted in their archive of historical documents. So, this is what Congress is doing?” — Jimmy Kimmel

Only 9 more trading days left in 2011 !!

The American Jobs Depression, And How To Get Out Of It

100 Things Every American Should Know About The Current State Of The US Economy.

Time to clear out those MBA programs and Law schools! Wanted: Blue-Collar WorkersMerry Cristmas

Ominous: Eurozone Chaos

What a mess: Lehman II in Progress as Financial System Implodes

What really happened there? Here’s One Big Thing MF and Jon Corzine Got Right

This will get your mind off trading! Has Pubic Hair in America Gone Extinct?

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’t find work anymore.

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Boring!

Published on December 15, 2011, 6:14 pm in Trading. Closed Tags: , .

After the S&P takes a 47 point dive the first 3 days of the week, today was a mild 6 point recovery. Oh my! Actually today was a very boring market day. A very nice pop up gap open, but down from there ending up, but midway back from the open….and all on very low volume.
Xmas time is here
Friday better show some action. December’s quadruple witching options expiration has been up 21 of the last 29 years with an average 0.4% gain. And isn’t it about time for Santa Claus to show up?

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