Good cover on RL today…just didnt feel good about it. Market down big monday…up big tuesday…down big wednesday? We shall see. Nevertheless, market is still not on a follow through but think you can take small positions in SWI,TJX right here off the 50 dayand maybe BBBY depending on tomorrow’s open. We use a break…
[email_link] Under the cover of blah blah blah…green blah blah blah…it is always about more taxes. How will taking money from the producers and giving to you inefficient weasels help the economies around the world? Read this: Christine Lagarde, the head of the International Monetary Fund, has warned that the world risks a triple crisis…
Cover the RL…could be wrong but better safe with this whipsaw…especially with the euro trying to act better. Would rather be safe.
Well…I told you so. Sometimes, I get a feel that market is entering a whipsaw period where upside is not much but downside is not much. As I told you, I think last week’s lows will hold for now…and today’s action, so far, may be putting the stamp on that. The “potential” good news is…
[email_link] More chapters to come. My favorite country to visit is probably next. Read this: VENICE — Concerns grew on Monday that Italy could be the next victim of Europe’s financial infection, leading nervous investors to sell Italian stocks and bonds and damping euphoria over a weekend deal to bail out Spain’s banks. Italian officials…
RL broke under short pivot…but I am worried about whipsaws here. Market came back in because Spanish yields keep going up and more downgrades. Italy probably next. But again…not really trusting things on a day to day basis in here. DLTR is fine. BHI short is fine. Keep RL small…and use just above today’s high…
[email_link] BISMARCK, N.D. — Since Californians shrank their property taxes more than three decades ago by passing Proposition 13, people around the nation have echoed their dismay over such levies, putting forth plans to even them, simplify them, cap them, slash them. In an election here on Tuesday, residents of North Dakota will consider a…
Futures were pulling in until about 9:05 when someone said something somewhere somehow about Europe this and Europe that. Futures now up decently…almost half percent. Do not forget my thoughts about whippiness in the market. I stand by that. I think the low last week will be A decent low for now. Yes…I was surprised…
[email_link] WASHINGTON — The recent economic crisis left the median American family in 2010 with no more wealth than in the early 1990s, erasing almost two decades of accumulated prosperity, the Federal Reserve said Monday. A hypothetical family richer than half the nation’s families and poorer than the other half had a net worth of…
Do I need to tell you about today? Guess not! RL a short breaking below 140.24. FDX a short but into bounce…around 87.25 area. COP a short right here into the 50 day. Many more to come. BHI working well on short side now.
