Newsletter

AMZN broke below pivot as growth just aint happening. Amazing that growth cannot get going. Sell on this break of pivot…small loss.

I think for maybe the 3rd time in the past year, there will most likely not be a report tomorrow night as I will be traveling.   For example…set-ups on the long side are names like MON,MSI,BG,LNKD,WPI,KMX,EOG while on the other end, short set ups in names like SLB,WSM,OCN,M,CSX,KLAC…meaning in my years, I don’t think…

Hey…you voted him in again! Spending will increase 55 percent over the next decade, if President Barack Obama’s budget plan goes into effect. The finding comes from the Republican-side of the Senate Budget Committee, which notes that Obama’s “Proposal Would Spend $880 Billion Over Already Projected Increases.” Here’s a chart, detailing how Obama’s plan would…

Continued SOURCE: http://www.mediaite.com

I don’t know why market reacted badly to the Republican non-vote on the fiscal stiff. It was never going to pass anyhow. The market is just plain screwed up as it is become a rigged and manipulated game by the fed and an interfered with market because of all the news-driven nonsense out of the…

  I am outta here…will have weekend report. As I stated earlier…really thought market wanted to go higher and hopefully that takes over. Market defended a wee bit here early but it is early. Maybe Ben will print a few billion today and buy the s&p futures. Wish I was watching…tried to change flight but…

Futures came back just a wee bit but not much…still getting smoked. Amazingly, europe not down that much.   I would love to take blame or credit with these markets but they cannot be controlled. It is sickening to me that on a daily basis we have to deal with government madness, manipulation and corruption…

Before the news tonight, I would have told you markets acting just fine…led by financials and now starting to see some growth as MA and V continue to move out…EBAY sets up perfectly…EXPE setting up….KORS setting up back above 50 day…CRM working well…AMZN in a nice set up….RAX acting great and I could go on…BUT……

This time of year, newspapers and magazines are filled with predictions and stock recommendations and trading ideas. I have repeatedly explained why these are terrible ideas and you should ignore them. Sometimes, you just have to let the performance speak for itself. And for that, I present Fortune: 10 Stocks To Last The Decade A few major trends will likely shape the…

Again, traveling this afternoon…if I do a report tonight, it will be late late late. If not, will be in morning. Heading for some vacation…but will have regular reports. Futures are up alittle…blah blah blah. I have a few set-ups like a FBHS…an AKAM which has broken out and a few others. Also watching RAX…