Monthly Archive for February, 2012

Topped and Tapped Out?

Looking like the trek to the top has been accomplished and now we’re on our way down off the mountain. It’s been a month-long topping process, but the bulls can’t hold it any longer…I think.

Also looks like the Nasdaq led the way down…at least today. And even after some good news in Europe, then good GDP report and a better than expected Chicago PMI. If the bulls can’t do some good with that, well, they’ve got to be tired. Let’s see if the bears take the opportunity!

Long time no see

Nothing can keep a slow market down, but as the markets have been slow on low volume, I’ve kept my trading low and slow also. 8)

I’ve added NQ into my mix of instruments, joining ES and TF. So far though, not very successfully….make some money in ES and lose it in NQ. Oh well.

My mind has been preoccupied reworking my business website, no, not this one. Go ahead, take a look at The previous site was up for 10 years. Links were breaking and advancing technology was wasting the old site away. So here it is. Leave a comment or use the cantact form. Let me know what you think….I’d appreciate it.

The lessson learned: you can’t rest on your laurels, in business, in life, or in trading. You have to keep up with technology, processes, lingo and the competition. Other traders are learning new indicators, finding new patterns, and working with new assets. Keep up or be left in the dust. They just may take your money!

Groundhog Day…again?

How many times have we seen this headline the past 2 years? Greek Parliament Passes Austerity Plan as Riots Rage. I think more than my fingers can count.

And again, the markets look like they think this is real. Oh my! GroundHog Day

Weekend Reading 2/11/12

“The economy is so bad, a picture is now only worth 200 words.”

Despite good data….Unemployment May Be Here To Stay

OMG! Bank of America Refuses Cash for Mortgage Payment

Well isn’t that interesting… What Dollar Store Locations Reveal About America

There’s always a bubble going on. Look out below

“You never go broke taking a profit.”

Enough said… Why Do We Still Care About the Dow?

It’s tough being middle-aged. Young CEOs: Are They Up to the Job?

Clean those books! Banks Paying Homeowners to Avoid Foreclosures

Greece is the word. Greek Cabinet Approves EU, IMF Bailout Bill and yes, Grease IS the Word!

Speaking of oil…Greek promises briefly lift crude before reality sets in

Will he join the Republican race? Obama to pitch lower corporate tax

Remember, after Monday and Tuesday even the calendar says W T F . . .

Weekend Reading 2/4/12

“Rick Santorum says Newt Gingrich is too hot, Mitt Romney is too cold, but he’s the ‘Goldilocks candidate.’ Yes, nothing gets voters excited like comparing yourself to tepid porridge.” — Craig Ferguson

Looking good…. U.S. Jobless Rate Falls to 3-Year Low

But not everything is so bright… El-Erian Pours Cold Water On Today’s Jobs Report

Oops! What did I get that degree for? Unemployed College Graduates As Vulnerable As High School Dropouts

Yes, why are you filing? Facebook ought to ditch its public offering And remember…Governance = Zuckerberg

Interesting: Federal Worker Pay: How Much is Too Much? I think yes! A Federal report on the matter. Again, why is our country going bankrupt?

Get with the lingo… The Wall Street Diet

This explains a lot! Washington’s Love Affair With Marijuana

“An Illinois woman is auctioning President Obama’s 2005 Chrysler. You can tell it’s his because it starts off fast, then stalls for the next three years.” — Jimmy Fallon