Choppy day. Market sucked some in on the gap. I wasnt falling for it. We will see how day finishes but if market cannot rally, today would count as a churning distribution day as the boys sold the open. The good news is things are off their lows. My best guess is that market remains…
No changes from last night. Futures are up but off highs. Of note: One of my favorite lower volume names, MLNX, gapping up over $4 as Intel selects their chip. UA announces 2 for 1 stock split. Good breakout Friday but again, I will wait to buy today. AAPL will open above 50 day average…
Coming into the weekend, I was paying more attention to my list of leaders more than market…but always need a follow through day to really start buying. While last week was good action, a ftd was not included. But…there was anticipation of another ” EUROPE SAVE!” Well…this time, Spain received over $100 billion euro to…
[email_link] In the Overtime segment of his show last night, Bill Maher argued that America would be wise to drop the whole notion of “American exceptionalism.” In the past, Maher has criticized politicians like Mitt Romney (who wrote a book literally called No Apologies) for their constant praise of the United States without any acknowledgement of its perceived faults, and…
I really like today’s action today. While commodities are being sold off, retail,semis getting good bid. Financials turning green as well as transports. In the midst of thinking these lower commodity prices going to maybe help market. Also, I love how my leaders list is acting. Everything either holding support/moving averages or some things setting…
[email_link] The Obama Administration has given a former director at the scandal-plagued Association of Community Organizations for Reform Now (ACORN) nearly half a billion dollars to offer “struggling” Illinois homeowners mortgage assistance, a Judicial Watch investigation has found. It means the ACORN official (Joe McGavin) will go from operating a corrupt leftist community group that’s…
[email_link] Internal emails show that BrightSource Energy, which received the largest federal loan for a solar energy project under President Obama’s stimulus package, leveraged its considerable political connections with top Democratic policymakers to secure its $1.6 billion in taxpayer backing. BrightSource energy faced a “do-or-die moment,” according to a report in Tuesday’s Wall Street Journal, as the…
As usual, changes from last night. LEN and COP both downgraded…LEN already down 35…so do not play either. BHI is a short if it breaks below $40. I would only be probing and not sending it in right now. There is a crapload of other shorts and will provide a list for your review with…
I can be short and to the point…and blunt. There was nothing I liked about today’s action…and in fact, have lots of short set-ups. BHI breaking below $40. LEN right in here as housing tops. COP in here as it rallied right back into the 50 day. I will have more. This may or may…
I wanted to wait until Bernanke stopped yapping before writing about today. It is only midday but have a few thoughts: I refuse to watch and listen to Bernanke but I amm told he didnt really talk about more QE. Let me be clear. Bernanke WILL CONTINUE TO PRINT MONEY FOREVER. This is who he…
