Well, I lost a $100 bet…as the futures have reversed. Last night, they hit to up 90…right now, they are down about 50. Yields continue to rise in Europe as well as many realizing nothing has changed. So…follow through day on Friday…but only 1.3%. HMMM! Here is leaders list first: AAPL-tracing out very nice base…
[email_link] At about 3 pm on Thursday, the market looked to be crapping out once again…but not to be. Big Ben and his cohorts, in a coordinated effort, leaked to the press that they were ready with their bazookas once again. That was enough for the market to rip to the upside into the close…and…
The bullcrap Greek elections went the way of the good…or something like that…in that the pro- Euro people won…by a slim margin. Yippee…yeah…yeah…at least I won’t have much to worry about on my Greek trip. The market had a follow through day on Friday…this according to IBD but it was only 1.3%. In the past,…
[email_link] On Wednesday the Department of Energy began financing solar power installation research with a $2 million award to Solar Mosaic. The solar energy research company has former Obama “green jobs” czar Van Jones listed as an advisor. It also employed Rebuild the Dream, Jones’ firm, to do its public relations work. The DOE’s grant money will be distributed to…
Futures are weird this morning. Seeing the Qs down…other things up a little…this is down from earlier but another crappy economic number came out. I was really irritated yesterday. I hate market interference. I could have easily been short at 3 pm yesterday and would have been wacked. The best move into the weekend is…
Not touching a thing here. Market was crapping out into the 3 pm hour…and I have to admit, I was going to issue a couple of shorts…and then the news of more central bank interference ripped the market to the upside. I have no idea whether it continues. I have no idea about the reaction…
Not touching a thing here. Market was crapping out into the 3 pm hour…and I have to admit, I was going to issue a couple of shorts…and then the news of more central bank interference ripped the market to the upside. I have no idea whether it continues. I have no idea about the reaction…
[email_link] Ever have a sudden urge for crisp-crusted, ooey-gooey, cheesy pizza? You want it STAT. Not in the time it takes to preheat the oven to 500 degrees for a frozen pizza. Not in the 20 minutes it takes for the pizza delivery guy to arrive. And certainly not in however many hours it would…
Glad we are sitting on hands. Only stock on service is DLTR which is acting fine. This week has been down big…up big…down big…and a good open today even though economic numbers were again suspect. The strong euro trumping economic numbers. A glance at the major indices do show a potentially bullish handle being put…
I gave you a list of potential shorts last night. Hold on to them. We will play off them…as well as some others. I will get back to you. Shorting aint easy. It is a pain in the rear because rallies in bear phases are swift and many times are gapped. This weekend is the…
