The bulls made an effort around 3pm but didn’t have the juice. Quick trades are the way to go for the foreseeable future. Even holding overnight is perilous Today’s top percentage performers were +138% – +35%. Albeit, all under $10 a share. The top ten …
Lots and lots of bad news but am thinking we may still get yet another positive close. The only problem with this strategy is that profits are taken so swiftly, we will have to have a couple of buy programs to set it up. Bob …
Autos. Sentor John Ensign (R-Nevada) is making waves with any auto bailout loan. He seems to be pushing Chanper 11 or a look-a-like reorganization. As suggested, yesterday, the lack of a loan guarantee to the auto companies could scuttle this rally. Jobs. The number of …
According to the script. Seldom do we get an outcome so predictable. Friday had an amazing close and that gave strength to the bulls. Over the weekend Mr Obama said all the right things on Meet the Press. He didn’t really say anything new but …
The morning ramp played out just as expected. We go from over sold to over bought very quickly in these markets so take profits as available. That said, we could have a meaningful year end rally. If you feel you are missing it try entering …
This is not a huge movie but very good. You always know you are watching a film yet the acting is very, very fine. Plus, it reveals an era that preceded rock and roll when “race” music was unable to cross-over to white mainstream. Beyonce’ …
An informal survey of investment/trading blogs finds a distinct bullish sentiment. Friday’s rebound, especially the strong finish, is taken as a precursor of an upcoming bullish week. The thinking is that now that the job numbers are behind us as well an upcoming week with …
Traders are thinking the worst of the short-term news is behind them. The horrific lack-of-jobs number this morning sets the stage for the hoped-for announcements next week of rate cuts, the auto bailout, and further Federal cash distributions. Anticipation of announcements is high. So, they …
This morning’s jobs number was about what I expected for next month. As I had written earlier this morning the December number was going to be a shock. Now, the November number has supplied this numbing. This kind of unemployment suggests that this quarter’s GDP …
Being stopped out of Alcoa yesterday, at break even, was a reminder, yet again, that buy and hold is a failed strategy. AA’s 7% dividend was an illusion, never to be realized. Not if you have moving stops 7% under the last sale. But why …