Monthly Archive for January, 2012

Weekend Reading 1/28/12

Published on January 28, 2012, 3:30 pm in reading. Closed

“A new poll says 84% of Americans disapprove of Congress’ job. The other 16% weren’t aware Congress was doing anything.” — Jay Leno

The Dangerous Notion That Debt Doesn’t Matter

In a related matter… :-) Nothing From Nothing

Oh no! Fed Signals That a Full Recovery Is Years Away

Oh shit! US Government Will Go Bankrupt Unless Laws Change

Oh my! American coal…A burning issue

More regulation? After MF Global’s Demise, Futures Industry Explores Tougher Rules

I wish I could…Physical Clutter Negatively Affects Your Ability To Focus & Process Information

“President Obama took Michelle out to a steak restaurant for her birthday, marking the first time in months the words ‘Obama’ and ‘well done’ appeared in the same sentence.” — Jimmy Fallon

Oh my! FOMC

Published on January 25, 2012, 6:37 pm in Trading. Closed

Outside projects have kept me away from the trading desk the last week, but I always keep an eye on the markets and review them every evening. And boy did the FOMC ever grease the wheels today! What a launch into the stratosphere! I’m betting a little downturn is imminent. I’ve got no money on this sentiment so do your due diligence!

Weekend Reading 1/21/12

Published on January 21, 2012, 3:22 pm in reading. Closed

“The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” -– Ronald Reagan

Dogs with Fleas are Running This Market

New Normal on Wall Street: Smaller and Restrained

Volatility…Too Much of a Good Thing?

This may become a big thing: Apple Jumps Into Textbooks.

Shit New Yorkers Say

Both Groundhog Day and the State of the Union address will occur within days of each other this year. This is an ironic juxtaposition of events……

One involves a meaningless ritual in which we look to an insignificant creature of little intelligence for prognostication…..The other involves a groundhog.

Going for a ride?

Published on January 17, 2012, 9:55 am in Trading. Closed Tags: , .

With bullish China, bearish earnings and a shortened option expiration week, this should be some ride. Feeling kinda toppy here though. As it’s OpEx, I’m probably watching more than trading….and I’m hoping to see more volume and more volatility. Happy Trading!

Weekend Reading 1/14/12

Published on January 14, 2012, 9:01 pm in Opinions and reading. Closed

“The economy is so bad that the highest-paying job in town is jury duty.”

Amen, brother!!! Shut Your Mouth, War Is Hell

What recession? Atlantic City casinos post revenue gains for the first time since 2008.

C’mon inflation! Why Economists are Rooting for Inflation

What’s with the banks? Bank Stocks Popular Again?

Look out! It’s gonna blow! Markets are calm _ too calm. Why pros are spooked.

Interesting…Organized Crime Now ‘Italy’s No.1 Bank’

Election time: Now We Will See The Real Obama

Oh no! Not again! S&P Cuts Credit Ratings for Nine Euro Zone Nations

“2012 is supposed to be the year the world ends. Have you seen the national debt? If the world doesn’t end, we are so screwed.” — Jay Leno

Somethin’ happenin’

Published on January 13, 2012, 6:40 pm in Opinions and Trading. Closed

It’s amazing that on a day like today, 171 stocks closed at their all-time highs! Man…that looks bullish. Of course, when it “looks” bullish is the best time for bears to throw us into reality. 34 stocks closed at all-time lows. Still looks like the bulls are in control.

And that close on Friday was proof! There’s something happening here….

Zzzzzzzz…..

Published on January 11, 2012, 10:22 pm in Trading. Closed

Except for the big gap up on the first trading day of 2012, it’s been a pretty narrow range for the week and even narrower ranges for each day. Slow trading on low volume Boring!

Need to get some volatility in here to get the blood pumping! :twisted:

WTF?

Published on January 9, 2012, 8:05 pm in Trading. Closed Tags: .

It was my first losing day this year. I shouldn’t have tried….low volume, narrow range, choppy market. Oh well, learn from my mistakes.

AA had a losing quarter which may not go so well on Tuesday…after such a good day on Monday…before the report.

There’s still a lot of momentum for the bulls, so let’s see if they can follow through.

Weekend Reading 1/7/12

Published on January 6, 2012, 8:47 pm in reading. Closed

Really? U.S. Economy Gains Steam as 200,000 Jobs Are Added and U.S. Economy Adds 200,000 Jobs In December As Jobless Rate Falls To 8.5 Percent

Why? Stocks end mostly lower despite upbeat jobs report

Searching for Financial Advice Online

Another why? Why Super Bowl Ads Keep Getting More Expensive

Watch what you tweet: SEC Clarifies Stance on Social Media, Takes Action to Punish Social Network-Based Fraud

Just in case…If I Die: Facebook App Lets You Leave Sweet Last Words

Up in Smoke Sounds like a Cheech & Chong movie :-)

Q: How is the bad economy affecting the Super Bowl? A: Instead of a coin toss they are now going to play rock, paper, scissors!

Welcome Back!

Published on January 3, 2012, 6:36 pm in Trading. Closed

Happy New Year and Welcome Back My Friends to the Show that Never Ends! It was an exciting day….starting off with a clean slate, we were all at the same starting point. But from there it all began to change.

Big gap up open was hard to hold on to….the Dow made a 5-month high and the S&P retreated a bit at the close, closing below its open. :-( But still green all around.

According to the Stock Trader’s Almanac, The Dow has been up 13 of the last 18 years on the second trading day of the year. That will give us some follow through on today’s action. Could we be setting up for a bull run year? If the first 5 days of January are net positive, then there is 87% probability of 2012 being positive.

It’s the first day of a new year, and endless opportunities await us! Happy Trading!