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1.27.2017 Bookmark

1.27.2017

Mornin' all, we've made it to Friday. I wonder what it brings....

Okay so we got our DOW 20K and yesterday we spent the session digesting that move.  While the DOW managed to inch higher, gaining 32, the S&P couldn't stay green and ended the day down a point. However once again there was horrible volume. At the end of the day the SPY only traded 60 million shares.  To put that in perspective, back on Nov 9th when they all decided that a Trump win might indeed end up being okay, the volume was 259 million. When you get an up day ( or down for that matter) on big volume, you know the move is confirmed. It shows that a "lot" of people traded a LOT of stock.  

1.26.2017 Bookmark

1.26.2017

Good morning all, we've made it. After a month of trading sideways and banging our heads on that prize, we finally overtook it. There was much blowing of kazoo's, and high five's.

1.25.2017 Bookmark

1.25.2017

Good morning all, is today the day?   After a month of trading sideways, they decided on some random Tuesday (yesterday) that is was finally time to go back and attack DOW 20K.  Why yesterday? You can all come up with your own ideas, but the bottom line is that there wasn't really any catalyst. Earnings are still coming out as normal, meaning that if they used GAAP accounting they missed the estimates, but if they report "non GAAP" they're all basically beating estimates. Then of course we have more companies announcing they're going to take on debt and buy up more stock.  So nothing's changed there. 

1.24.2017 Bookmark

1.24.2017

Hello everyone, here comes Tuesday. 

Monday was a sleeper. While they did take us well off the lows of the day, when it was all over we were still down yet again. I think that makes 7 of the last 8 days where the DOW slid sideways and down. It is beginning to look like we might not get that last hurrah push higher.

1.23.2017 Bookmark

1.23.2017

Good morning all, welcome back from your weekend. I hope it was a good one for you all. Down here in Florida, things got a little wild weather-wise. For two days we had been warned that Sunday afternoon could bring dangerous weather, starting at about 3 pm. I'm a bit of a weather geek ( you get that way when you live on the Jersey shore and like to venture 100 miles offshore to chase yellowfin and longfin tuna)  and said on Friday that I thought the weather would make its appearance around 8 pm. 

1.20.2017 Bookmark

1.20.2017

Good morning all. I'm writing this considerably earlier than I normally would, only because at 8 am, I'm going to be sitting in the dentist chair. 

1.19.2017 Bookmark

1.19.2017

Good morning all, it's one day ahead of the inauguration and so far...nothing's gone terribly bump in the night. Lets keep our fingers crossed

1.18.2017 Bookmark

1.18.2017

Good morning all, welcome to Wednesday. 

I won't bore you to tears with the tree story. Just know that all was well until the last 5 minutes when they were using the bobcat to pick up the very last pile of roots they'd chopped and when they picked up the bundle, one of the workers says "ut oh, wire!"  and sure enough the comcast cable for TV and internet was among all those gnarly roots.  I was surprised to see that however many years ago, Comcast laid that cable so shallow.  It couldn't have been more than 6, 7 inches deep. So, yes...the roots had grown all around that old cable and when they pulled,  the cable snapped. I did a make shift splice and they'll have to come out and do a proper fix. Other than that, it was pretty smooth sailing.  

1.17.2017 Bookmark

1.17.2017

Good morning all, welcome back from your long weekend. Granted not everyone had the day off, but if you did...good for you!

This week is going to be a weird one for me. Not only is a short week, but I've got things "going on".

1.13.2017 Bookmark

1.13.2017

Good morning all, it is Friday and please NOTE>>> the market is indeed closed on Monday for MLK holiday. 

So today they kicked it off with Bank earnings. First out was PNC, then Bank of America. 

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