Greetings from Hawaii…having a fabulous time…I recommend it highly. I am writing this in two parts…with the first part being written on Friday December 28th and the second part Sunday evening the 30th. I would rather be talking about markets but at this point, they are so rigged, so manipulated and so controlled by just a few…
Technically, market came in this week. The DOW finished below the 50 and 200 day. The S&P finished below the 50 day but above the 200 day. The NASDAQ/NDX finished below both. The RUSSELL remains above both showing some relative strength in the small caps. The NYSE remains above both. Foreign markets remain strong as…
Well…just woke up…I see my sarcastic pre market report already coming to fruition. Our wonderful president who has hamstrung this economy with $6 trillion in debt and another $10 trillion to come over the next few years…is going to offer a “scaled back budget package.” What the heck does that mean? Of course, they can…
Well…it is 415 am where I am vacationing…as I stay on Florida time. So…reversal yesterday as fiscal stiff talks resume…received a few emails telling me market now going higher…and of course, just to piss everyone off, the market has a decent gap to the downside. But dont worry…at 11 am, Reid will say they…
The nonsense continues. If there is any reason why I have been telling you to play light…look no further than today. Look no further than the past few days. Just a bunch of nonsense from Washington which is making the markets all but impossible. Markets rallied on blah blah blah…and tomorrow, markets can dump if…
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…
