Monthly Archive for March, 2012

Weekend Reading 3/31/12

“Gas prices are expected to continue to rise throughout the summer, and oil companies say it’s because of high demand due to warmer summer weather — as opposed to what they told us a couple of months ago, that oil prices went up because of higher demand for winter heating oil. So basically, if there’s weather, gas prices go up.” — Jay Leno

Are you in? Why are investors shunning stocks?

What a RIM shot! RIM Misses Big On Revenue, Stock Tanks and There Is No Good Reason For Anyone To Buy RIM

Speaking of money…The skyrocketing cost of U.S. health care: By the numbers

I can’t wait! Stock Trading Is About to Get 5.2 Milliseconds Faster

Well, it wasn’t me! Record $640 million lottery has at least one winner

Microsft vs. Apple….again. Apple Doesn’t Need To Make the TV of the Future

By the numbers: The skyrocketing cost of U.S. health care

“A man in Albuquerque has registered his dog to vote. Apparently the dog likes the current administration but he’s not sure he wants another 28 years of Obama.” — Conan O’Brien

1st Quarter down, 3 To Go

Seems like New Years was not that long ago, but a quarter of the year is at end. Have you started your Christmas shopping yet? 8O

We’ve had 2.5 down days and 1.5 consolidation days this week. The last 2 days of the 1st quarter are seasonally bearish days, while the first week of the 2nd quarter is seasonally bullish, at least according to the Stock Trader’s Almanac. What makes it confusing on the last day of March is that the Dow has been down 12 of the last 17 years, but the Russell 2000 has been up 13 of the last 17 years. Oh my!

Next week will be a shortened holiday week with markets closed on Good Friday. April is the best month for the Dow, 2nd best for the S&P and 4th best for the Russell. So maybe the good times will continue for another month. On the flip side, April ends the “best 6 months” of the trading year. We’ve got 30 days to decide if we should “sell in May and go away!”

Weekend Reading 3/24/12

Q: How many central bank economists does it take to screw in a light bulb?

A: Just one — he holds the light bulb and the whole earth revolves around him.

Gee, no one saw this coming. A technical recession in the eurozone?

So that’s how it happened…The SEC Rule That Broke Wall Street.

There’s something happening here…What the Heck is Happening with the VIV and VXX? …what it is ain’t exactly clear.

“I’m a walking economy,” a man was overheard to say. “My hairline’s in recession, my waist is a victim of inflation, and together they’re putting me in a deep depression.”

Okay, if that tune is still stuck in your head… For What It’s Worth!

These 52 Stocks Will Win From The Coming Massive Bull Market. Can I get a guarantee with that?

That’s incredible! Japanese fishing boat lost at sea in tsunami found off Canada.

Oh no, not today :-( Bats Global IPO Turns Ugly.

Another bubble! The Real Meaning of $1 Trillion in Student Loans.

“They say gasoline could be $6 a gallon. But the good news is the White House says President Obama is aware of the problem, and will continue to talk about it between fundraisers.” — Jay Leno

My oh my!

The volume continues to decline and so does the VIX as we mentioned before. . . .as do many others in the blogosphere. Here’s a thought: What the Heck is Happeneing with the VIV and VXX?

Yesterday, the S&P, or actually the ES futures contract) hung just above and below breakeven, having low volume spurts in either direction. And again, I’m just scalping for lunch money, with no committment to either direction. Here’s some stories you may enjoy. . . and learn.

Hungover Market

Are traders still hungover from green beer? Volume is low and volatility (VIX) is even lower.

The end of the 1st quarter is in sight, just 8 days away, and fund managers are finagling their quarter-end reports…but not too many of them yet. All the action so far this week has been AAPL and BAC, but that’s just because of news and rumors.

So the market keeps dragging its knuckles up hill with a few resting points and small retreats… exactly what it’s been doing since December. I’m trading for nickles and dimes here…making a few dimes and losing a few nickles. 8)

Weekend Reading 3/17/12

Happy

“How many Irishmen does it take to change a light bulb?”

“At least two. One holds the light bulb steady, everybody else drinks until the room spins.”

Blame it on the weather! Sun could be bad for risk assets

In case you missed it….Text of FOMC statement which came out on Tuesday 3/13.

Can the Economy Meet Expectations? I don’t think so.

Now you tell us. Equity funds make global comeback

It’s St. Patrick’s Day, and blarney is flowing like campaign speeches.

It’s not all good news. After More Stock Market Milestones, Is It Time to Breathe Easy?

Is it even relevant? The Great (VIX) Debate

I deserve my entitlement programs, but you don’t deserve yours. Who’s a Freeloader?

I ordered mine…should be coming this weekend to a Kindle near you! Imagine: How Creativity Works

“May the road rise up to meet you
May the wind be always at your back
May the sun shine down upon your face
And the rain fall soft upon your fields.
Until we meet again,
May God hold you in the hollow of his hand.

Today’s Market News

AAPL - Apple is all the news today!

AAPL, Apple, iPad, Apple iPod, Apple iPhone! Oh yes….AAPL the stock. And that is all 8O

Must be OpEx

Yes it is…keeps coming back like a bad penny! ;)

And what makes this one interesting, as if they aren’t all interesting? Well first is today’s FOMC meeting and then Thursday we have the release of the stress tests on the banks.

Monday was a blank day with the S&P at no change, a doji. But all the bulls let out their frustrations on Tuesday after a fairly upbeat FOMC report and a generally good mood on Wall Street with JPM saying they will increase their dividend. WTF? Wasn’t the law laid down that no bank could announce anything until after the numbers are released on Thursday? Again….WTF!

The Fed lies, Wall Street lies, everybody lies! How is the little guy supposed to trade this market? Oh, that’s right, we’re not!

Weekend Reading 3/10/12

The head of Regal Entertainment says as the recession gets worse, more people are coming to the movies…. Because nothing helps you forget your troubles like a $5 Sprite.

The Bull Market Turns Three. Where’s the Party? And if you missed it, You’re Not Alone.

Wow, I didn’t hear this number. . . One Measure Puts February Job Creation at 879,000

Good News! The Unemployment Rate Didn’t Change!

Watch it, you bad high-frequency traders! US bourses to fine HFT data-cloggers.

Will we get the Greece off our hands? ISDA declares Greek credit event, CDS payments triggered.

Powerful stuff! How to be Creative and Imagine: How Creativity Works …can’t wait to read the book! Should be seeing it on my Kindle next week.

“anyone can innovate—-and why a hot shower, a cold beer or a trip to your colleague’s desk might be the key to your next big idea.”

Rolling over into the Greece

Time to rollover into the June contracts for the futures….The CME Group provides some Rollover Dates information. Sure you can continue to trade the March contracts until next Friday, but volume should move over to June in the next day or two. I’ll be finishing up with the March contracts tomorrow and start June trading on Monday.

Jobless claims moved up and slowed the market down a bit, but rumors of some nice things happening in Greece made the markets happy. Still don’t understand that. Supposedly we’ll get a final decision on Greece Friday so the markets will take off…or will traders sell the news?

I have noticed that the up days have been on lower volume than the down days. So there is a lot more interest in selling than buying…either way, volume isn’t much to excite anyone.