The Market After saying yesterday that day-trading made me cranky I spent the day, day-trading! AIG, Citi and Bank of America were all extremely active. This allowed for easy entries and exits. Am sure I have never traded so actively as today. Quite a rush. …
The Market Markets are down as profits are taken in what some may view as an overbought market. General Mills (GIS) is down 8%, despite guiding earnings higher. Traders are focusing on the quarter which clearly disappointed. And, there is concern that branded cereals are …
The Market A very solid showing. Market breadth was positive with up shares swamping down. New lows are still much higher than new highs but are no longer 300-700 new lows per day. The Dow gained fifty points in the last five minutes in a …
The Market I have waited for a while for the first post because the market could not make up its mind. It may still not be able to. As the Dow switches from red to green and back again so, too, does my feelings about …
Asia Korea and Japan are strong in early trade. Perhaps I was too quick to feel that today’s US fade was suggesting a bit of consolidation. We’ll see. Night, night.
The Market The market could not hold it’s gain and sold off starting about 2:30pm. After the close Alcoa slashed it’s dividend, announced a convertible offering and generally said things don’t look so hot. Shares are down 10% in the aftermarket. I own a bit …
Tomorrow morning, early, my friend George and I will be taking this boat up the Intracoastal. George is licensed to captain boats up to 100 tons; We pick up the Maffitt in downtown Wilmington, on the Cape Fear River. We head south on the river, …
I picked this link from Kirk’s site; it says volumes about buy and hold investing. http://kirkreport.com/tkr/zgwDnkm9 Run on a bank. My sister, Connie, gave me Niall Ferguson’s The Ascent of Money and find a morsel on every page. For example, if you want to understand …
As if scripted the market eked out a green finish. Somewhat eerily the S&P finished at 756.55, just off the 757 which some hold as both resistance and breakout. Market internals were upwardly biased at the close, a pleasing sign. So, now we must wait …
At noon the Dow vascilates between down 50 and up 20. The internals are almost even but tilting towards negative. The 2:30 hour, again, may tell us a definitive direction. I bought some TWM, as suggested earlier, as the market leans towards down. But a …