Yeppers! Only 5 more trading days left in September. That means the 4th quarter starts a week from tomorrow. Have you started your Christmas shopping yet? Well, fund and money managers will need some money to start so watch for a lot of window dressing in the week to come.
My late day yesterday and pre-market oil plays worked out well today. Still holding on to some USO calls and a couple shares of UCO.
I won’t harp on volume …I guess the “new normal” average volume is not about 10-20% less than what I always thought was average volume.
I’m not sure if we have had enough of a pullback….I think so. The S&P, along with the SPY, did close below the August highs. We’ll have to see on Friday if we pop back up through or feel around in the gutter for more. If we do get a down opening, I’ll look to nibble on some Bull ETFs like SPY SSO TNA BGU and the like. Watch out for 2 reports Friday morning: Durable Goods and New Home Sales.
“The National Bureau of Economic Research announced the recession actually ended in 2009. What idiots we were! So that recession you think you’re in, that’s as imaginary as the job you used to have.”
“What they don’t tell you, the next recession started in July of last year.” – Jay Leno




Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....


