Month: March 2009

At 2:35p market began to roll over big -time.  S&P now 100 points above the lows of 666.  Still, the derivitive boys make it too close to call. But I bought SRS just in case.

The Market As expected, not much happening as the derivative guys jostle for position. Everything expires today so the market direction is pretty much up to them.  For those new to days like this here is an explanation.  Quadruple Witching At some point it must …

The Market Early morning futures were down but are currently pointing to an up opening. Gold and oil both down. This is quadruple expiration day so I will be doing little trading, if any.  Markets tend to be squirrely on these days, difficult to predict. …

The Market As the market grew skeptical that Fed actions would spur the economy the market rolled over.  The S&P broke through 800 to 802 but closed at 784.  800 is the line in the sand. Commodity, energy and fertilizer stocks all higher as inflation …

The Market Market rolling over after an ebullient opening.  Could not help selling into that and am glad I did. We have absorbed a lot of good news and ignored the bad.  That is reflected in a sharply higher market over the last seven sessions.  …

The Market Added to GE on news that portfolio has only a 3% exposure to sub-prime.

The Market I sold half of financial positions, C and BAC, on the opening. Keeping GE. Sold half of PBR as oil spikes.

The Market Quick update.  Oil is up an unprecedented $4/barrel to over $52.  I have been playing the energy market with CHK, XOM and PBR. Earlier I noted that gold is up $50…..that would be over the last two days, not this morning. This is …

Asia and Morning Peek Early trade is mixed in Asia.  Tokyo’s morning session is modestly down, hurt by the Yen. It would not surprise many to see profit taking in the US markets tomorrow and the Fed euphoria subsides. The US has had a swift …