Tag Archive for 'Dow'

History tell us we’re wrong!

Published on May 14, 2012, 6:44 pm in Opinions and Trading. 0 Comments Tags: , , , , .

According to the Stock Trader’s Almanac, the Monday after Mother’s Day the Dow has been up 14 of last 17 years…. and the Monday of May expiration, which today is also, the Dow has been up 20 of last 24 years. So, history has shown us that we did wrong today! :-(

We moved lower on low volume. Maybe it was because Europe hasn’t responded to their issues, especially Greece. Gee, if you can’t form a government, how will you work through your fiscal crisis? So, do we have a Turnaround Tuesday tomorrow?

Today was one of those “as goes AAPL, so goes the markets” kind of days.

Remember, it’s options expiration week, so the ride is always a rollercoaster week. There;s some market moving reports this week as well: CPI, Rtail Sales, Housing Starts, Industrial Production, Philly Fed Survey and the latest FOMC minutes. So buckle your belts and hold on!

And remember…. In trading, some days you are the pigeon and some days you are the statue!! :D

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Here we go again

Published on April 17, 2012, 8:31 am in Trading. Closed Tags: , , , , , .

Like a bad penny, options expiration is upon us again.  Plus there are a boatload of earnings report during this week. On the good side, it’s a slow economic news week…as if the earnings won’t make it a wild ride already. With earning expectations being lowered during the first quarter, many companies may “beat” earnings allowing for another run up in the indexes.

Like yesterday, markets were mixed as the Dow lead the way up, but AAPL and GOOG dragged down the Nasdaq and kept the S&P and Russell in check. Buckle up and let’s roll! 8O

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1st Quarter down, 3 To Go

Published on March 29, 2012, 9:57 pm in Trading. Closed Tags: , , .

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!”

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Greece’y markets

Published on November 1, 2011, 10:18 pm in Trading. Closed Tags: , .

Crazy time for the markets…as soon as Greece farts, all the markets smell it! And boy is it getting stinky!

The Dow drops 800 points in 3 days, so we’re just back to where we were last week. The pop up never happened. I say let Greece fall into the Mediterranean Sea and forget about it!

Of course for daytraders, there have been plenty of opportunities for fast trades, both bulls and bears.

Maybe traders will pay some attention to U.S news for the next couple of days as we go through our monthly Employment reports. Wednesday we have ADP and on Friday, the biggie . . . and Thursday has the weekly Initial Claims. Let’s not listen so much to that Greece’y stuff.

Boing!!

Published on October 27, 2011, 9:26 pm in Trading. Closed Tags: .

…talk about a bounce! 400+ points on the Dow during the day. But it did retrace 100 points at the close. Pullback tomorrow?

With the Eurozone finally deciding what to do about Greece, which stopped a lot of uncertainty in the markets…. they went all out to the races all over the world!

I’m looking for some consolidation, or pullback, or sideways action for a few days….which would be a good thing for getting more upside. Let’s go traders!

Spastic

Published on October 26, 2011, 10:45 pm in Trading. Closed Tags: , , , , .

Crazy days in the market…up down and all around. On Monday we closed near the highs, on Tuesday near the lows and then near the highs again today. The markets are different things to different traders…hope they’ve been good to you.

Futures are taking off in the early globex session….up up and away! The Dow and Nasdaq are flirting with their 200-day average, while the S&P and Russell are working to move up and get close. If the Eurozone makes a decision we should fly. Otherwise, up, down, up, down….

0 for 2

Published on September 9, 2011, 9:42 pm in Trading. Closed Tags: , , , , .

Y’know on Thursday we had two highly anticipated events. First there was a speech from Bernanke. Those of us watching the markets for a response from the Fed were sadly disappointed as stocks tumbled into the close. So I guess the Fed, or Ben specifically, is just setting traders up to take action at their next meeting Sept 21st.

But then the big one from President Obama took center stage Thursday night. He unveiled his jobs growth plan. As usual, he spoke well, but it may take some time for investors to research the true value of these concepts. And more so, how the hell do you get a congress to make the ideas law?

Since it will take a bit for traders to fully digest BO’s speech, they decided to regurgitate all over the markets as the indexes trended down all day….A/D volumes down big, TRIN at over +5, Dow down over 300 points…. the final verdict will become clearer over the next couple weeks.

Now let’s hope nothing crazy happens over the 9/11 weekend!

Wipeout?

Published on August 15, 2011, 8:34 pm in Trading. Closed Tags: , , .

Three days in the green…we haven’t seen that since June. Well if you were a put surfer, it looks like the markets are here to WipeOut all those puts that were bought over the past 2 weeks! …in options expiration week no less. Expect more up and down to clear out calls as well as puts :!:

The last three days have given us the biggest three day percentage gain for the Dow since March of 2009. Today was the lowest volume in 2 and a half weeks…what a change of pace. But if we can grind up slow but sure, well, I’ll take it!

“They say the price of gas could soon be under $3 a gallon. Do you know what that means? You can now afford to drive by the house you used to live in, go by the job you used to have, and go see the bank where you used to have money.” — Jay Leno

Quiet Friday of a wild week

Published on August 12, 2011, 8:35 pm in Trading. Closed Tags: , , .

We had a follow-thru day on the lightest volume in 2 weeks. Been a long time since we’ve seen that. Doesn’t say much though. Retail sales were good, but U of M Consumer Sentiment took a dive…but no one cared. The Dow “only” had a 200-point range…how boring! Looks like the bulls and the bears are tired.

Now it’s OpEx week. Will It Go Round In Circles just like last week? And along with OpEx there’s a lot of economic reports all week long: Housing Starts, Industrial Production, PPI, CPI, Philly Fed Survey, Existing Home Sales. We just may go round in circles.

C’mon markets, Don’t Let Me Down!

Let’s try it again

Published on August 11, 2011, 11:31 pm in Trading. Closed Tags: , , , , .

We recovered everything we lost on Wednesday, plus a little bit more. During the day we even went higher than Tuesday’s high and close. There’s only one thing missing…a follow-through day! We haven’t strung together 2 up days in a row since early July.

It looked scary in the premarket as again trouble in Europe rattled traders. But rumors and facts started growing throughout the day that got traders juiced…although it was the lowest volume day of the week. But it also was the 4th day of 500+ range in the Dow…WTF?

The banks, after getting bitch-slapped yesterday, were the frontrunners to the upside today. Gold took a big dive as did U.S. Treasuries…and thus, interest rates via TBT went up.

Let’s see if we can string 2 in a row!

“The stock market had its biggest one-day drop since 2008. Remember how the experts said we had to raise the debt ceiling or the market would crash? Well, they were half right.” — Jimmy Kimmel