Archive for the 'Opinions' Category

Page 2 of 17

Must be OpEx

Published on March 13, 2012, 4:22 pm in Opinions and Trading. Closed Tags: , , , , .

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!

Markets take a dump

Published on March 6, 2012, 6:58 pm in Opinions and Trading. Closed Tags: , , .
Risk on the upswing as stocks on a downswing

This constipated market finally let loose today as it went down from the start of the futures open Monday night. When it was all said and done though, it sorta felt good. It was needed.

Now I guess a bounce may happen…but are we done with the pullback. I think not. Another test of the highs could happen, but I think the markets still need to clean out a bit. (yuk! How did I come up with this analogy?)

Greece is still the ugly stool that won’t go away. After three years you would think traders would have had enough of this bass ackwards economy. Risk moves up the line and traders getting edgy again. And when thay are edgy they trade…volume almost double yesterday’s ES contract volume. Mad rush to the exits! :mrgreen:

Long time no see

Published on February 28, 2012, 9:28 pm in Opinions and Trading. Closed Tags: , , .

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 http://ValueManagementPartners.com. 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?

Published on February 13, 2012, 9:35 am in Opinions and Trading. Closed

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 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….

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!

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

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!

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! :-)