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Hopefully, the chart shows up in this email. I like looking at the past…as you know. And uncannily, this market is tracing out many election years. Now…we only adhere to what the market shows us but I thought this was a good one to show. If form follows, we get more upside into August…a good…

First leader’s list:   AMGN-Too extended and no place to consider here. AAPL- Trying…maybe a $620 pivot but no volume on this move up. AMZN- Putting in a handle inside a bigger handle. ALXN- Should have probed Thursday…into pullback. Up on rumors Friday. BIIB- Still ascending…no place to enter. EQIX- Another could have bought Thursday…

Futures up huge today but not because job’s report. Futures were up big beforehand. The news is simple. Papers across Europe giving cover for the stupidity yesterday stating that printing of hundreds of billions of euros will start soon. So all the emailers who sent me emails yesterday about having to be short the market…

One more to go as the fake job’s number tomorrow.   HD sitting on the 50 and AMZN pulled in quietly in an otherwise crappy day.   I will be back after the report tomorrow. Cant wait for the weekend as the market remains a pain in the rear. More tomorrow.

[email_link] Ok…I know many reading this are asking…what’s a Draghi? Who’s Draghi? Well…he is the money mouthpiece for the European Central Bank. And oh yes, he was a Governor for the bank of Italy while Italy was running up deficits. He is the head honcho, top dog, big cheese at the ECB. Why am I pissed?…

There is no template for trading in this environment. Markets move on words and yapping…and when the yapping doesn’t come through, markets turn. Last week’s gap and move was on the ECB non-stop talk about asset purchases…just like Bernanke does. Markets waited…and today…were disappointed. I don’t know what else to say except we have been…

We now get the ecb before the open so no reason to yap too much.   I just have a simple thesis. If breakouts are not kicking and things are not following through, there is your answer. So far, that’s the case. Market remains a pain in the rear…and until that changes, we will continue…

[email_link]   Continued SOURCE: http://weaselzippers.blogspot.com/2012/08/video-obama-explains-how-his-keynesian.html?tw_p=twt

[email_link] This blog has chronicled the dirty dealings of California Dem Rep. Laura Richardson since May 2008, when she bailed on her half-million-dollar-plus, second-home mortgage. She was also a tax-dodger and utility bill welcher. A few weeks later, it turned out that she had defaulted on three home loans while lending her campaign $77,500. A few weeks after that, three defaults…

[email_link] Tens of thousands of ticketholders are failing to show up to Olympic events, organisers admitted last night. On the second day of competition, up to 14 per cent of those who obtained tickets – some 67,000 – did not bother to attend. On other days, the stayaways amounted to an equally disturbing 58,000 and…