Newsletter

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.

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…