It’s here!

Published on December 23, 2011, 9:45 am in Trading. Closed

Happy Holidays!!Whoever is still on the trading floor, will be leaving early today…or taking a very long lunch and coming back to the floor feeling very happy. So follow their lead and take that last trade amd go finish up that last minute Christmas shopping!

Wishing you a holiday filled with happy memories, a home filled with special friends, and a heart filled with love! Have a Merry Merry!!

Ho Hum

Published on December 22, 2011, 6:39 pm in Trading. Closed

Merry Chritmas!!
Low volume and not much action. I’d say Friday will be much of the same. Maybe that’s a message to step away from the keyboard and enjoy the season.
Merry Christmas!

Yes!

Published on December 20, 2011, 9:12 pm in Trading. Closed

For a week the markets made their highs of the day in the first hour after the open….or at the open. On Tuesday new highs were made all day long! Santa Claus has come to town!

We’ve got some news coming up over the next few days before Christmas pertaining to Home Sales and GDP. But according to the season, this should be a good time for the last 2 weeks of the year.

Manic Monday!

Published on December 19, 2011, 6:30 pm in Trading. Closed Tags: , .

Just another Manic Monday! After a gap up opening, the indexes took the rest of the day to take out last week’s lows and making a new December low. And although they bounced near the close, especially the NQ, the indexes closed closer to their low of day than to their HOD.

Looking bearish, but maybe a “Turnaround Tuesday” in the making…. if volume picks up. Everybody on holiday already?

A ratings market

Published on December 19, 2011, 9:42 am in Trading. Closed

It was a week for the rating agencies to continue to toy with the market. Using such harsh language as “may” and “probably”, the agencies talked about downgrading the eurozone and banks….again. I think that should be illegal. Either do it or don’t talk about it.

Anyways….it’s the week before Christmas, so parties, long lunches and taking off early will be the rule for this week…and next.

Weekend Reading 12/17/11

Published on December 17, 2011, 9:46 am in reading. Closed

“The Library of Congress has partnered with Twitter to store every tweet ever posted in their archive of historical documents. So, this is what Congress is doing?” — Jimmy Kimmel

Only 9 more trading days left in 2011 !!

The American Jobs Depression, And How To Get Out Of It

100 Things Every American Should Know About The Current State Of The US Economy.

Time to clear out those MBA programs and Law schools! Wanted: Blue-Collar WorkersMerry Cristmas

Ominous: Eurozone Chaos

What a mess: Lehman II in Progress as Financial System Implodes

What really happened there? Here’s One Big Thing MF and Jon Corzine Got Right

This will get your mind off trading! Has Pubic Hair in America Gone Extinct?

Despite the tough economic times, violent crime continues to fall as newly released Justice Department statistics show that violent crime fell 13 percent in 2010. Authorities say the only explanation they have to account for the drop is that the economy has gotten so bad that not even violent criminals can’t find work anymore.

Boring!

Published on December 15, 2011, 6:14 pm in Trading. Closed Tags: , .

After the S&P takes a 47 point dive the first 3 days of the week, today was a mild 6 point recovery. Oh my! Actually today was a very boring market day. A very nice pop up gap open, but down from there ending up, but midway back from the open….and all on very low volume.
Xmas time is here
Friday better show some action. December’s quadruple witching options expiration has been up 21 of the last 29 years with an average 0.4% gain. And isn’t it about time for Santa Claus to show up?

Bad Day

Published on December 13, 2011, 6:39 pm in Trading. Closed Tags: , .

I’d have to say the markets had a bad day! It looked very promising with the major indexes up by more than 1%. But traders sure didn’t like the FOMC announcement at 2:15PM. Indexes deteriorated as an initial reaction and continued down. There was a small pop going into the close, but basically a bad day.

So tomorrow we’ll be halfway thru this Opex week. With December OpEx week being up 22 of the last 27 years, there’s a lot of points to make up.

Dull Monday

Published on December 12, 2011, 7:59 pm in Trading. Closed

Those damn rating agencies screwed with the markets again. So it was a down day…no particular reason…just no economic reports and plenty of agency innuendoes. I sat and watched, looking for a good entry, either long or short, but came up with nothing. What a boring day! Thirteen more trading days of this and we can start a new year!

Crazy Week

Published on December 11, 2011, 9:23 pm in Trading. Closed Tags: , .

Ok, so all OpEx weeks are crazy, but now we add in a FOMC meeting! This should get real wild, no?

According to the Stock Trader’s Almanac, December OpEx week, S&P up 22 of the last 27 years. Looking good.