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. …
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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 …
Noon Look
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 …
Psst, Gotta a Trillion Dollars?
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 …
Good Show!
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 …