Archive for the 'Opinions' Category

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

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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….

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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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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

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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!

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Seen a good movie lately?

Published on October 24, 2011, 9:05 pm in Opinions and Trading. Closed Tags: , .

Netflix (NFLX) hits the skids tonight as they warn for the second quarter in a row about earnings, after the company’s fourth-quarter outlook was much worse than expected. Uh oh…are people going back to the movie theater? Probably not.

CEO Reed Hasting admitted the company “greatly upset many domestic Netflix members with our significant DVD-related pricing changes, and to a lesser degree, with the proposed-and-now-canceled re-branding of our DVD service.” The company said the larger-than-expected cancellations are to blame for the fourth-quarter warning.

Maybe it’s time for Hulu.

The S&P has sprung up almost 200 points since October 4th…there’s only been 4 down days since then. Do you think the markets may be getting tired? Time for pullback at least….even if it’s only a day! :-)

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Hurt so bad….

Published on September 23, 2011, 8:52 am in Opinions and Trading. Closed Tags: , .

Yes this market just hurts so bad! S&P futures markets came down to test 1100….and it may still not be done. There’s still the August low of 1072 to contend with. The markets are singing When Will I be Loved?

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That was scary…

Published on September 12, 2011, 11:18 pm in Opinions and Trading. Closed Tags: , .

…but ended nicely…as in up! The Sunday night trading was looking real ugly and indexes were down big. The low of the day was made in the pre-market and the high of day was made at the close. Now, do we follow-thru or stumble? The trading days have been made up of wide-ranging days and I don’t see that changing very soon.

Looks like the European banks are going to go through what US banks went through 3 years ago. This still has a lot of potential ugliness.

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Goodbye Irene

Published on August 28, 2011, 7:51 pm in Opinions and Trading. Closed

All weekend I heard about Irene, but all I could think of was the song from Dexy’s Midnight Runners, Come on Eileen. Don’t you just hate it when a tune gets stuck in your head? Anyways…it looks like the storm was not as bad as reporters were predicting….that’s a good thing. But still a lot of flooding and power outages. Good luck east coast!

Bernanke passed on giving out any information on quantitative easing…and then pointed to congress and the prez to spend anymore money. So he got out of that pretty easy.

As we close August, the US jobs report will be released at the end of next week. Key housing and manufacturing data will be coming out, along with FOMC minutes. Will traders be leaving early for a long, summer-ending weekend? Or will all this news make them stick around for some volatility?

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Weekend Reading 8/13/11

Published on August 13, 2011, 9:28 am in Opinions and reading. Closed

“We’ve always been told our kids and grandkids are going to have to pay for our reckless spending. Now WE have to pay?!” — Jimmy Kimmel

Uh oh, double-dip: Recession 2.0 would hurt worse.

High-speed predators pounce on volatility. Here’s the PDF file referenced in the article: The Dark Side of Trading.

Stealth QE3 Is Upon Us, how Ben did it and what it means.

“I wish I’d been omniscient and seen the crisis coming.” –Ben Bernanke

Just How Bad Economy Really Is. And how bad is that?

It’s been a rough 2 weeks! But don’t make excuses: Searching for a Source of Blame. Get those charts out!

The cause of all our problems: Europe on the Brink: Does Their Fall Ensure Our Recession?

Obamacare update: Court strikes down Obama health insurance mandate.

“Later this month President Obama will embark on a bus tour through the Midwest that will focus on jobs. Mainly him trying to keep his.” — Jay Leno

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