A good day here. The S&P closed a smidge under 900, up 1.2%. High momentum shares did 2X to 10X better. Every day is a test and tomorrow is no different. I’ll be on the road tomorrow so no post.
Market holding gains. Lets see if it can get through the troubling 2:30 to 4:00pm period. That will be the test. If momentum can be built into the close we could have a strong week. Some of the stocks I have been looking at and/or …
There seems to be creeping bullishness setting in. Cannot say if this is the “real” thing or if what I am picking up is short-term only. Nevertheless, there is an undertone of confidence. Corporate America is certainly not giving us much to cheer about but …
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 …
Not enough juice
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 …
Vote early and often
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 …
Its jobs-again
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 …
As Expected
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 …
Cadillac Records
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’ …