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.
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…
