Little Direction….Wednesday, 4:30pm Waited until 2:30 and almost got excited as the DOW retraced and was green for about a minute. But I held off doing anything more. Dollar was crushed, worst day against the Euro in history. Dollar ETF: UUP for up and UDN …
Wait until 2:30 Market is coming around, as expected, as bulls cannot help themselves. If it holds after 2:30 I will add to positions. The TAN idea is working but is up over 15% in two days. Still, Obama seems to love solar and wind …
Wednesday, December 16th, 9am Yesterday’s euphoria is being met with reality this morning. Business stinks and earnings will suffer. The market can be a mine field. Witness Satyam Computer (SAY). After a management flip-flop on several deals the shares fell 54%. Bonds are soaring in …
We have turned into France. If business cannot fix itself the government will fix it. The Fed promised to buy everything with a quote. No, wait, that can’t be right. Yeah, the Fed promised to buy everything even if there is no quote. No symbol. …
As expected, we are looking at a positive opening. Better than expected CPI adds fuel. Futures looking to a strong opening, gold flat, oil up a buck, dollar weaker. Waiting for Fed rate cut this afternoon. What does it say about the consumers that Macy’s …
From the shores of the Chesapeake, across the Bay from Annapolis. Temps up to 68 degrees as we drove over the George Washington bridge. Pretty good day. Gold positions saved the day. Oil all over the place. Sure feels like a Santa Clause rally to …
There will be few market event statistics released today, the auto bailout is about to be behind us and there seems to be few corporate news catalysts; in other words, its a slow news day. And that may be just what the market needs. But …
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 …
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 …