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3.31.2017 Bookmark

3.31.2017

Hello everyone, we've made it to Friday and not a day too soon.

So, yesterday we put in a pretty decent session, but we came up short concerning the 20750 line. My theory is that we need to get up and over that if  there's truly another "leg up" coming. Yet yesterday morning they attacked that level and failed.

3.30.2017 Bookmark

3.30.2017

Hello all, welcome to Thursday. 

Yesterday was not a follow through day. We might hope it was, but it really wasn't. What it was however, was a "holding" pattern. We had a nice bounce Tuesday and they didn't give it all back, so for the bulls that's a victory. I would have liked to see the DOW get a little closer to unchanged...but in the scope of things, it wasn't a horrible day. 

3.29.2017 Bookmark

3.29.2017

Okay so yesterday they didn't want any part of a 9 day DOW losing streak and they made their point. After being up nearly 200 points, when the final bell rang, we had 150 DOW points showing and 15 on the S&P. It was a nice bounce, but it did come with a bit of a caveat. See, as we get near the close of business every day, the exchanges announce the "imbalances' to the buy or sell side. Often they're a few hundred million to the buy or to the close, which they try and "pair off" by the 4 pm bell. ( often it takes them a bit longer and that's why the closing price you see a 4 pm, might be a little different than say at 5 pm when it's all settled.) 

3.28.2017 Bookmark

3.28.2017

Did you see it? You all know what I'm talking about....yesterday's late day ramp. 

After the rough open, where the DOW fell 190 points and the S&P was down almost 22, they clawed more than half  of that back by mid day. Then in the last hour, "there it was" as the S&P peeked into the green. The DOW got within spitting distance but couldn't make it. When the dust finally cleared, we had lost just 2 on the S&P and 45 on the DOW.  I had my hunch early in the day that they might try and take the market green and boy did they give it the old college try.  I figured they wouldn't want 8 red DOW days, but they just couldn't muster the oomph to get it there. So we did indeed put in our 8th red close, something not seen since....drum roll..... 2011.

3.27.2017 Bookmark

3.27.2017

Hello everyone, welcome back from your weekend. As always I hope it was a really good time for you and your family. 

Ours was fairly quiet, with nothing major going on. We did get in a really nice 4+ mile walk on Sunday, and the weather held up remarkably well again. But we also know that these wonderful days are numbered. We're just about to enter April and according to our local weather guy, in June the average daytime highs is....90. We're soon to go from high 70's to mid 90's with 80% humidity.  Enjoy this while it lasts Florida folks!

3.24.2017 Bookmark

3.24.2017

Hello everyone, what a crazy week it has become. I guess the best thing we can say is that it is indeed "Friday"

The fight is still on concerning Trump's Healthcare bill, and it didn't look too good yesterday. Frankly I don't think the bill he's trying to pass is any good. It's like Obamacare with bandaids. Flush the damn thing and start from scratch.

3.23.2017 Bookmark

3.23.2017

Hello all, welcome to another day of "as the market churns" 

We figured that the market would hug the flatline yesterday and it did just that. After a rocky open, we moved back up to the flat line and wobbled around it all day. When it was over, the DOW had lost 6, the S&P gained 4. But that's a tiny bit misleading because of the way the DOW is weighted. The fall in NKE was worth 28 red points. So as you can see, if NKE didn't whiff on earnings, the DOW would have been green too

3.22.2017 Bookmark

3.22.2017

Decision day. 

I'm sure that most of you are aware that the vaunted "108 days without a 1% fall" has  been snapped. Yesterday the markets put on a pout party, starting shortly after 10 am and it never recovered.  The DOW dropped 237, the S&P fell 24. 

We lost the "box" we'd been trading in. The floor of the box on the DOW was about 10750. We closed below it. The floor on the S&P was 2350. We fell below it. 

3.21.2017 Bookmark

3.21.2017

Good morning all, happy Tuesday to you. 

We are going to hope that today brings us a bit more excitement.  Yesterday was like the last 15 sessions...hugging the flat line, and going nowhere fast. How flat is this market? Well, except for the times when the Central bankers have "pushed the market", check this...

3.20.2017 Bookmark

3.20.2017

Good morning all, welcome to a new week and the first days of Spring!   I trust your weekend was wonderful and you all had a lot of fun things to do. 

The good news down here in Sarasota was that we had two picture perfect days. 75 - 77 degrees,and virtually not a cloud in the sky both days. The downside, was that it was very, and I mean very windy. 20 - 25 almost constant with a couple higher gusts tossed in. So as the wife and I were debating if we were going to go biking, or hiking... a friend called and said he was going to go King Mackerel fishing off the skyway pier. I'd heard of Don's technique but had never seen it done, we figured we'd do the 4 mile walk on the pier and see how he rigs up for those kings from the bridge

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